Version 3.31 November 2023

Climate on Demand v3.31, November introduces a new geocoding engine and support for the Multifamily Residential activity type.

New geocoding engine

Climate on Demand now uses Moody’s RMS geocoding engine to calculate the precise location of scored assets. The geocoding engine converts the address provided in a scoring request into a set of coordinates (latitude and longitude) that precisely locate the address scored.

Because of this change, the coordinates calculated for some addresses -- typically addresses outside of the United States and Europe-- may differ from the coordinates returned by the previous geocoding engine.

If you need to maintain coordinates that are consistent with coordinates calculated for previously geocoded assets, RMS recommends storing the coordinates obtained via the platform and using those coordinates for any re-uploading of those assets. This can be done by referencing previous API results and utilizing the latitudes and longitudes contained in those responses.

For more information on the RMS geocoder, see Moody’s RMS Support Center. If you have any questions, contact [email protected].

Geocoding engine values

All Climate on Demand API operations now return an additional property in response to requests for scoring.

Whenever the geocoder is used in an API call (by providing an address in lieu of a latitude and longitude), the RMS geocoder version will be sent back to the user alongside the geocoded coordinates and a “geo_status” (See Appendix 1 for a list of geo_status descriptions). The current geocoder version is 23.0.0.0.

The Score Category Risk operation now returns the geocoder_version properties in the response body. If no coordinates are provided in the request, the response returns information about the geocoding engine used to calculate the latitude and longitude of the location. The response includes the geocoder_version and geo_status properties. The current version of the RMS geocoder is 23.0.0.0.

The Score Subcategory Risk operation now returns the geocoder_version properties in the response body. The geocoder_version property identifies the version of the geocoder used to calculate the coordinates of the address. If no coordinates are provided in the request, the response returns information about the geocoding engine used to calculate the latitude and longitude of the location. The response includes the geocoder_version and geo_status properties. The current version of the RMS geocoder is 23.0.0.0.

The Score Financial Impact to Facilities operation now returns the geocoder_version properties in the response body. The geocoder_version property identifies the version of the geocoder used to calculate the coordinates of the address. If no coordinates are provided in the request, the response returns information about the geocoding engine used to calculate the latitude and longitude of the location. The response includes the geocoder_version and geo_status properties. The current version of the RMS geocoder is 23.0.0.0.

The Score Financial Impact to Portfolio operation now returns the geocoder_version properties in the response body. The geocoder_version property identifies the version of the geocoder used to calculate the coordinates of the address. If no coordinates are provided in the request, the response returns information about the geocoding engine used to calculate the latitude and longitude of the location. The response includes the geocoder_version and geo_status properties. The current version of the RMS geocoder is 23.0.0.0.

New activity value

All Climate on Demand operations now enable you to specify Multifamily Residential as the value of the activity of a facility.

The Multifamily Residential activity corresponds to the multifamily line of business when assessing financial impacts from climate change; specifically handling the different estimated regional building characteristics associated with multifamily residential properties as differentiated from single-family residential properties.

The Score Category Risk operation now enables you to specify Multifamily Residential as the activity of a facility.

The Score Subcategory Risk operation now enables you to specify Multifamily Residential as the activity of a facility.

The Score Financial Impact to Facilities operation now enables you to specify Multifamily Residential as the activity of a facility.

The Score Financial Impact to Portfolio operation now enables you to specify Multifamily Residential as the activity of a facility.