At BIQH, we regularly write about ESG data, management, and screening. This topic is crucial to us and our clients. Today we focus on physical risks such as natural disasters and climate change. These risks pose threats to assets, and can have a significant impact on financial institutions. It is important for financial institutions to understand the physical risks associated with the real objects they manage and invest in, both now and in the future. By 2030 or 2040, the world may look very different. How can you assess the risks of an issuer’s instruments that are listed on a stock exchange based on the physical risks of the real estate properties the associated company owns? How do you map all this data to ensure that you or your clients make the most informed decisions? In this article, we explore the complexity of physical risks within ESG data, the role of parameters in risk assessment, and the need to map these data with other market data.