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Don’t wait for the flames: wildfire risk modelling to protect your business

Don’t wait for the flames: wildfire risk modelling to protect your business

Synopsis
3 Minute Read

Take control of your wildfire preparedness with MNP’s risk intelligence tools. We can help you adapt to an environment where the wildfire season is getting longer and fires are becoming more frequent and severe. This article discusses why now is the time for a fundamental change in your approach to wildfire management and how we can help.

Partner, Enterprise Risk Services & Leader, Environmental, Social & Governance

Increasingly frequent and severe wildfires pose a significant risk to Canadian businesses, supply chains, and communities. With climate change driving longer fire seasons and more extreme weather events, business leaders must shift their focus from reactive crisis management to proactive mitigation planning.

Understanding and mitigating wildfire risk is no longer optional — it’s essential for operational continuity and financial stability.

MNP’s cutting-edge wildfire risk intelligence can help. Our tool aims to help businesses take greater control of wildfire preparedness. We can help you model plausible fire risk scenarios and provide insight into how you can prepare for, adapt to, and mitigate the impact of wildfires before disaster strikes.

Leveraging highly advanced data and predictive analytics, we help businesses build resilience, safeguard assets, and ensure business continuity in an increasingly volatile climate.

Essential components of wildfire risk modelling

A formalized approach to wildfire risk modelling can help you anticipate threats, minimize financial and operational losses, and integrate resilience into long-term strategic planning. Effective wildfire risk modelling involves a comprehensive assessment of your:

  • Risk exposure: Identifying high-risk areas based on historical wildfire patterns, climate projections, and vegetation mapping.
  • Supply chain vulnerability: Assessing potential disruptions to logistics, critical suppliers, and distribution networks.
  • Potential business impacts: Quantifying potential financial losses, operational disruptions, and insurance implications.
  • Scenario planning and mitigation strategies: Developing proactive risk management plans, emergency response frameworks, and adaptation strategies.

Without these critical insights, your business is vulnerable to costly disruptions and reputational damage when a wildfire strikes.

The wildfire crisis: a data-driven perspective

Global wildfire losses between 2014 and 2023 are estimated at US$106 billion after factoring in business disruptions, insurance claims, and infrastructure damage.

Canada has been especially hard hit by the dramatic increase in wildfires over the last decade, with 2023 being especially destructive. The more than 15 million hectares burned was more than six times the national average, more than double the previous record from 1989, and resulted in widespread environmental and economic damage.

This upward trend highlights the urgency for businesses to integrate wildfire risk modelling into their risk management and sustainability strategies.

What separates our solution

We have invested significant time and expertise in creating a practical and in-depth modelling solution tailored to the evolving risks of wildfires in Canada and the needs of Canadian businesses.

  • An expansive data set and AI-driven insights: With access to advanced wildfire simulation and climate change models, you can be confident in your scenario planning.
  • Industry-specific customization: Tailored risk assessments for key Canadian sectors (including the MineSafe wildfire solution) help you mitigate and manage specific wildfire threats to your operations.
  • Actionable intelligence for strategic decision-making: Make informed choices on risk mitigation investments, insurance strategies, and operational resilience.
  • Compliance and sustainability integration: Align with regulatory expectations and sustainability reporting requirements to future-proof your businesses.

Together, we can transform wildfire risk from a looming threat into a manageable challenge —ensuring your continued resilience, profitability, and sustainability in an era of climate uncertainty.

Act now and build resilience before the next wildfire season

Wildfire risks are rising, and waiting until disaster strikes is not an option. Equip your business with the data, tools, and strategies to safeguard operations and protect supply chains in an increasingly volatile climate.

Contact us

Don’t let wildfires dictate your future. Take control today. Contact us to learn how our solutions can help you build a more resilient and sustainable business.

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