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Breckinridge and Climate Central Develop Flood Risk Indicator

Impacts of climate change are increasingly a concern for the bond market

Boston, MA – January 8, 2018 – Breckinridge Capital Advisors, a Boston-based fixed income manager with over $30 billion in municipal bond assets under management, announces a new indicator that measures flood risk for coastal municipalities. Developed specifically for Breckinridge by Climate Central, this new quantitative, comparative tool will help Breckinridge analysts assess coastal flood risk within its existing ESG research frameworks. At a time when rating agencies are beginning to announce how they incorporate climate change risks into their analysis, Breckinridge continues to seek new ways to improve existing methodologies for evaluating these risks.

“Flood risk has long been a part of our credit research but we are always looking for new and innovative ways to improve our data, process and analysis,” said Mike Bonanno, research analyst at Breckinridge. “This was a great opportunity to work with Climate Central to develop a better way to quantify this risk and help our analysts make a more accurate assessment.”

The indicator compares coastal flood risk over a multiyear horizon and integrates local sea level rise projections. Municipalities are assigned a value on a scale of 0 to 100 based on what percentage of the population is at risk from expected flooding events. Breckinridge analysts take this score into account when assessing an issuer’s environmental, social and governance (ESG) risks.

Climate Central in a non-profit organization that surveys and conducts scientific research on climate change and informs the public of key findings. Their scientists publish and their journalists report on climate science, energy, sea level rise, wildfires, drought and related topics. Learn more at


Breckinridge Capital Advisors is a Boston-based, independently owned investment advisor specializing in investment-grade fixed income portfolio management. Working through a network of investment consultants and advisors, we serve a wide variety of clients ranging from high net worth individuals to large institutions. Reflecting our commitment to ESG and sustainability, Breckinridge is a Massachusetts Benefit Corporation and a certified B Corp. We believe these designations help us in our goals to create positive, long-term impact for our clients, employees and the communities in which we live, work and invest.

For further information on Breckinridge, please visit our web site at

Media Inquiries:

Kristin Wetherbee, Breckinridge 617-443-1120