First Street

Last chance to register for our webinar happening TODAY!   Join our Founder and CEO, Matthew Eby, alongside our Head of Climate Implications, Jeremy R. Porter, Ph.D., as they dive into the findings from our 13th National Risk Assessment.  👉 Register now: https://lnkd.in/gNhyZdK5  

We’re excited to welcome Arman Pouyaei to the team as a Data Engineer! Arman brings an impressive background in climate science and data analytics. Most recently, he was a Postdoctoral Researcher at Princeton University and NOAA GFDL, focusing on fire modeling, Earth’s radiation budget, Earth System Model development, and building data pipelines for climate data analysis. He earned his Ph.D. in Atmospheric Sciences from the University of Houston, researching atmospheric chemistry, air quality modeling, wildfire smoke, and aerosol-cloud interactions. His expertise spans Earth System and Atmospheric Modeling, Climate and Air Quality Data Analysis, Geospatial Data Engineering, Computational Fluid Dynamics, and Machine Learning. We’re thrilled to have Arman’s knowledge and innovative approach onboard as we tackle critical climate challenges together. #newhire #CRFM #climateriskfinancialmodeling #climate

This week, we launched our 13th National Risk Assessment: Climate, the Sixth "C" of Credit. Our latest research explores the critical connection between climate risk and foreclosures, sparking important conversations about the future of credit and risk management. The report has already received significant media attention, highlighting the importance of this research. Check out the coverage below to learn more!  • Bloomberg News - https://lnkd.in/ghHMuTAD  • CNN - https://lnkd.in/eMvRKe8m  • CBS News "Moneywatch" - https://lnkd.in/g_fj5GC6  • The London Herald - https://lnkd.in/g-NgNgSi  • Axios - https://lnkd.in/gnCYBAxQ  • Financial Times - https://lnkd.in/gxy-S39T  • USA TODAY - https://lnkd.in/gxJjuT6d • CNBC - https://lnkd.in/gcWPGKmk Join us for a webinar on Thursday, May 22nd, where the report's author will share key findings and answer your questions. Register now>> https://lnkd.in/gNhyZdK5 #ClimateRisk #Credit #Research  

The protective layer of insurance is breaking down—and mortgage markets are feeling it. As insurers retreat from high-risk regions and premiums rise, homeowners are struggling to maintain coverage. First Street’s 13th National Risk Assessment: 𝘊𝘭𝘪𝘮𝘢𝘵𝘦, 𝘵𝘩𝘦 𝘚𝘪𝘹𝘵𝘩 “𝘊” 𝘰𝘧 𝘊𝘳𝘦𝘥𝘪𝘵, reveals how this crisis is driving an increase in mortgage defaults. Foreclosure spikes are most acute after flood events—especially outside of FEMA flood zones, where insurance is often lacking. The result? Hidden losses that conventional models fail to capture. 𝗞𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴: The report finds that in a severe year, weather-driven mortgage foreclosures could result in $1.2 billion in foreclosures, with potential credit exposures projected to grow fourfold to $5.4 billion by 2035. Want to dig into the data?  🔗 Read the Full Report: https://lnkd.in/gdNx_N_D Join us on May 22nd for a webinar led by the report's lead author, where we’ll delve into the key findings and address your questions.  🔗 Register here: https://lnkd.in/gNhyZdK5

Welcome Nisarg Bhatt as our new Solutions Engineer! Nisarg brings a unique blend of product strategy, technical sales in climate tech, and finance expertise to the team. He has a strong track record of building and scaling products at BlackRock, FactSet, and StepChange, all at the intersection of investment analytics and sustainability. With his experience leading product strategy and helping financial institutions navigate complex risks through clear, actionable insights, Nisarg will play a key role in empowering asset owners and asset managers to optimize climate-informed decision-making. We’re excited to have Nisarg’s expertise and innovative mindset on board as we continue to lead the category of Climate Risk Financial Modeling! #newhire #ClimateRiskFinancialModeling #CRFM

Actionable climate risk data is essential for building long-term resilience. In the latest episode of the REIT Report’s 𝘉𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘙𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦 series, our Head of Climate Implications Research, Jeremy R. Porter, Ph.D., joins Nareit’s Jessica Long to discuss how real estate stakeholders can use First Street's data and Enterprise Suite to make more informed decisions and adapt to extreme weather events. Dr Porter breaks down why the old “100-year flood” concept no longer holds up, how flood risk accumulates over a mortgage lifespan, and why understanding impacts beyond individual properties — including to infrastructure and commercial viability — is critical to true resilience. 🎧 Listen to the full conversation here: https://lnkd.in/gn298Pfi

We're proud to be included in the 2024 BXP, Inc. Sustainability Impact Report as part of their commitment to integrating physical climate risk into long-term planning and decision-making. As one of the largest publicly traded owners and developers of premier workplaces in the U.S., BXP continues to lead in sustainability and resilience. This kind of analysis not only strengthens climate resilience across BXP’s portfolio, but also supports their broader goals of transparency, investor confidence, and sustainable value creation. We’re excited to support BXP as they set a new standard for climate-informed real estate strategy. Read the report: https://lnkd.in/grUHtKnc #CRFM #ClimateRiskFinancialModeling #sustainability #sustainabilityreport

We’re excited to welcome Lisa Knoll to the First Street team as our new Chief Marketing Officer! Lisa brings over 20 years of experience leading strategic marketing, communications, brand development, and go-to-market execution for B2B data and technology-driven companies. She’s known for turning marketing into a core business driver—aligning brand, content, and GTM strategy around what matters most: the customer. Lisa has built and led high-performing teams that deliver measurable impact across brand, pipeline, and revenue—while consistently building trust and driving value throughout the customer journey. At First Street, she will lead our brand and demand strategy as we scale our Climate Risk Financial Modeling Suite globally and deepen our presence in key markets.

First Street is the standard for Climate Risk Financial Modeling (CRFM) — on a mission to connect climate and financial risk. At First Street, we believe that with the right CRFM solution, organizations can: ✅ Optimize portfolios ✅ Identify new opportunities ✅ Avoid bad investments ✅ Drive profitability Our data is trusted by leading banks, asset managers, governments, corporations, and millions of homebuyers. Want to learn more? Visit our webiste: firststreet.org

👏 Congrats to Vornado on the release of their 2024 Sustainability Report and for continuing to raise the bar across the real estate industry. We're proud to support Vornado with the data they need to understand and communicate physical climate risk. First Street data helps make ESG reporting easier while also helping businesses spot opportunities and manage risks more effectively. #ClimateRiskFinancialModeling #CRFM