NEC Indonesia, Sinar Mas Land Partner for Climate Change Solutions

Published on:
by KnowESG,

NEC Corp

KnowESG_NEC Indonesia, Sinar Mas Land Partner for Climate Change Solutions
This partnership supports better protection for communities and infrastructure in the future. JCOMP/FREEPIK
  • Assess the risks and impacts of natural disasters caused by climate change.

  • Technologies like AI are used to identify potential threats and provide more effective risk mitigation recommendations.

NEC Indonesia, a company providing telecommunications and IT business solutions, has partnered with Sinar Mas Land, a real estate development company, to tackle climate change.

The companies have agreed to use a financial approach called Adaptation Finance, which helps identify risks emanating from climate-related disasters like floods and earthquakes early on. The approach was developed by the United Nations Environment Programme (UNEP) to assess the risks and impacts of natural disasters caused by climate change.

Last week, leaders from the companies signed an agreement to study the viability of Adaptation Finance in Indonesia. They will use technology to improve financial solutions for different industries based on successful methods NEC has used in Japan.

The companies will develop innovative tools to visualise disaster risks and make it easier for banks and insurance companies to understand potential threats and losses. This way, communities and infrastructure are protected from climate-related disasters in the future.

NEC Indonesia will use data, artificial intelligence (AI), and predictive analytics to learn threats and provide suggestions for managing risks. This approach will help effectively allocate funds to benefit society, businesses, and the environment.

Follow KnowESG's Company News for regular news and views.

Discover an extensive network of ESG providers here

Check out KnowESG's latest ESG Event updates

Source: NEC Indonesia

Share:
esg
esg
esg
esg

Companies Headlines

Nviron and Npontu Catalyse ESG Growth in Africa

Nviron and Npontu Catalyse ESG Growth in Africa

$500M Investment by Republic Services Targets Bottle Recycling

$500M Investment by Republic Services Targets Bottle Recycling

Consortium Receives Incentive to Expand Solar Power in Malaysia

Entergy Announces $37B Clean Energy Investment Plan

Photography Company Kodak Publishes Sustainability Report

Stagecoach Announces Additional £7.9M for Green Commute

Nova Tissue Invests £1m in Machinery to Cut Environmental Impact

Xero and Sumday Team Up on Climate Reporting for Small Businesses

Unilever Acquires Sustainable Cosmetic Brand Wild

Gasunie to Invest €12B in CCS and Hydrogen Infrastructure