Shock to the
System
Shock to the
System
Dynamic Systems Intelligence For Financial Resilience
Thursday 23rd April 2026
Further ways to explore Trex
Product Demonstration
A focused walkthrough showing ease of access to insights
Data Evaluation
Access to selected data sets for internal review
Private Briefing
A focused conversation to explore your current approach and where Trex could add value.
TESTIMONIALS
Our partners are already benefitting from our non-linear models
"It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry"
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
"It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry"
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
"It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry"
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
"It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry"
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
TESTIMONIALS
Our partners are already benefitting from our non-linear models
“It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry.”
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
“It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry.”
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
“It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry.”
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
“It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry.”
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
TESTIMONIALS
Our partners are already benefitting from our non-linear models
"It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry"
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
"It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry"
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
"It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry"
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
"It is clear to me that any assessment of the impacts of climate change that excluded tipping points fails completely one of the most basic premises of risk management, to consider your most material risks. It’s been exciting to watch the build out of TREX and a product coming to market that both recognises tipping points, as well as capturing the non-linear dynamics of the complex systems we all inhabit, an important step forward for the industry"
Sandy Trust
Sustainability Risk Director, Baillie Gifford
"Partnering with Trex, we’re not just measuring climate risks—we’re exploring how possible scenarios and tipping points shape risks, returns, and opportunities for impact. The goal? Greater resilience and smarter insights to help our clients thrive while investing in a sustainable future."
Julie Calkins
Director, Generation Investment Management
"Trex’s approach is less focused on precise estimation and more on understanding how real-world dynamics could play out in a complex world where climate risks cannot be looked at in isolation from political, economic, and technological factors"
Mirko Cardinale
Head of Investment Strategy, USS
"We intend to develop a long-term investment outlook informed by Trex scenarios and draw out investment implications for capital markets expectations, top-down portfolio construction and country/sector preferences.”
Julius Pursaill
Strategic Adviser, Cushon Master Trust
"Given the complexity and uncertainties involved in the transition to net zero, risk professionals need new tools to be able to better manage the risks. Trex offers innovative scenarios that help meet that need".
Jo Paisley
President, GARP Risk Institute
Early Access, Preferential Terms
Now a second-generation product and shaped by live client use, Trex is opening to a wider set of firms. A limited number of organisations will join under preferential terms reflecting
this stage of rollout.
Early Access,
Preferential Terms
Now a second-generation product and shaped by live client use, Trex is opening to a wider set of firms. A limited number of organisations will join under preferential terms reflecting
this stage of rollout.
Early Access,
Preferential Terms
Now a second-generation product and shaped by live client use, Trex is opening to a wider set of firms. A limited number of organisations will join under preferential terms reflecting this stage of rollout.
Here today
Our team is here throughout the afternoon. If you’d prefer a direct conversation, feel free to connect with any of us.
Follow us on LinkedIn

Jim
Woods
CEO

Willemijn
Verdegaal
Chief Product and Commercial Officer

Jack
Oliver
Chief Revenue Officer

Punam
Peck
Chief Operating Officer

Simon
Sharpe
Director of Transition Methodology

Dr Iain
Weaver
Director of Analytics

Dr Michelle
Bieger
Data Scientist

James
Mitchell
Director of Client Servicing

Emmy
Smith
Chief Marketing Officer

János
Hidi
Client Servicing Manager

Joanna
Limb
Executive Assistant
Connect with our team
Follow us on LinkedIn
Here today
Our team is here throughout the afternoon. If you’d prefer a direct conversation, feel free to connect with any of us.

Jim
Woods
CEO

Willemijn
Verdegaal
Chief Product and Commercial Officer

Jack
Oliver
Chief Revenue Officer

Punam
Peck
Chief Operating Officer

Simon
Sharpe
Director of Transition Methodology

Dr Iain
Weaver
Director of Analytics

Dr Michelle
Bieger
Data Scientist

James
Mitchell
Director of Client Servicing

Emmy
Smith
Chief Marketing Officer

János
Hidi
Client Servicing Manager

Joanna
Limb
Executive Assistant
Connect with our team
Follow us on LinkedIn
Here today
Our team is here throughout the afternoon. If you’d prefer a direct conversation, feel free to connect with any of us.

Jim
Woods
CEO

Willemijn
Verdegaal
Chief Product and Commercial Officer

Jack
Oliver
Chief Revenue Officer

Punam
Peck
Chief Operating Officer

Simon
Sharpe
Director of Transition Methodology

Dr Iain
Weaver
Director of Analytics

Dr Michelle
Bieger
Data Scientist

James
Mitchell
Director of Client Servicing

Emmy
Smith
Chief Marketing Officer

János
Hidi
Client Servicing Manager

Joanna
Limb
Executive Assistant
Why Climate Intelligence Needed Rethinking
A perspective from our founders on why we built Trex
Why Climate Intelligence Needed Rethinking
A perspective from our founders on why we built Trex
Why Climate Intelligence Needed Rethinking
A perspective from our founders on why we built Trex
Copyright © 2025 Transition Risk Exeter
All rights reserved.
Follow Us
Copyright © 2025 Transition Risk Exeter
All rights reserved.
Follow Us
Copyright © 2025 Transition Risk Exeter
All rights reserved.
Follow Us