Four Twenty Seven

Four Twenty Seven, Inc. (427) is a California-based climate risk data firm that "measures the physical risks" of climate change. The company is headquartered in Berkeley, California. Moody's Corporation purchased the majority share in Four Twenty Seven, Inc. in 2019. According to a July 25, 2019, New York Times article, this is the "latest indication that global warming can threaten the creditworthiness of governments and companies" globally.[2]

Four Twenty Seven, Inc.
IndustryClimate risk data firm
GenreData
FoundedOctober 2012 (2012-10)
FounderEmilie Mazzacurati
Headquarters
Berkeley, California
,
United States
Key people
Emilie Mazzacurati Founder CEO
Colin Shaw, COO
Frank Freitas CDO
[1]
Website427mt.com

Background

In October 2012 Emilie Mazzacurati established Four Twenty Seven, Inc. in the wake of Hurricane Sandy.[3] Mazzacurati realized that "with the right tools and guidance" including "science-driven risk analytics", business could play a "critical role" in "building resistance" to the hazards caused by climate change. The Hurricane Sandy had "demonstrated that the lack of planning for climate impacts could bring even the most the powerful financial institutions to their knees". By 2019, Mazzacurati remained as Chief Executive Officer (CEO).[1]

Services

427 "measures the physical risks of climate change" including hazards such as "extreme rainfall, hurricanes, heat stress and sea level rise." The firm "tracks their impact on 2,000 companies and 196 countries. In the United States, the data covers 761 cities and more than 3,000 counties.[2]

Acquisition

Moody's Corporation announced on July 24, 2019, that they had acquired a controlling share in the California-based Four Twenty Seven, Inc., a "leading provider of data and analysis on physical climate risks". A July 25, 2019, article in The New York Times said that this acquisition is the "latest indication that global warming can threaten the creditworthiness of governments and companies" globally.[2] Environmental Finance said that Moody's controlling share of the "climate risk data firm" 427 is part of "the wave of consolidation in the environmental, social and governance (ESG) sector".[4] Moody's said the acquisition solidifies its commitment to promoting transparent and globally consistent standards for evaluating environmental, social, and governance risks and opportunities."[5]

Notes

    References
    1. "Our Team". Four Twenty Seven. nd. Retrieved July 25, 2019.
    2. Flavelle, Christopher (July 25, 2019). "Moody's Buys Climate Data Firm, Signaling New Scrutiny of Climate Risks". The New York Times. ISSN 0362-4331. Retrieved July 25, 2019.
    3. "Our Story". Four Twenty Seven. nd. Retrieved July 25, 2019.
    4. "Moody's snaps up climate risk data firm". Environmental Finance. July 24, 2019. Retrieved July 25, 2019.
    5. "Moody's takes a majority stake in climate risk firm Four Twenty Seven". Bond Buyer. July 24, 2019. Retrieved July 25, 2019. Four Twenty Seven will keep its own name and become an affiliate of Moody’s Investors Service. It will continue to be headquartered in Berkeley, California. Four Twenty Seven has built a strong platform for quantifying climate-related exposures and producing actionable risk metrics, which are essential to understanding and informing climate risk and resilience measures,” said Myriam Durand, Moody’s global head of assessments. “Moody’s is committed to offering global, transparent standards for assessing environmental risk, and the acquisition of Four Twenty Seven advances our objective of integrating climate analytics into our offerings.
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