Four Twenty Seven


Four Twenty Seven, Inc. 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 July 25, 2019 The New York Times article, this is the "latest indication that global warming can threaten the creditworthiness of governments and companies" globally.

Background

In October 2012 Emilie Mazzacurati established Four Twenty Seven, Inc. in the wake of Hurricane Sandy. 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.

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.

Acquisition

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. 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 sector". Moody's said the solidifies its commitment to promoting transparent and globally consistent standards for evaluating environmental, social, and governance risks and opportunities."