Canada placed its three zones between 20th and 29th in the 2026 FM Resilience Index, the annual ranking of 130 countries by commercial property insurer FM. Europe claimed nine of the top 10 positions, with Denmark holding No. 1 for a third consecutive year, followed by Luxembourg, Singapore, Norway, Switzerland, Germany, Sweden, Ireland, Finland and Belgium.
Zone 3 ranked highest at No. 20, followed by Zone 2 at No. 25 and Zone 1 at No. 29. All three zones share a macro score of roughly 80.6, reflecting uniform performance across governance and economic indicators. The spread comes from the physical side — Zone 3 posted a physical score of approximately 92.4, compared with around 88.7 for Zone 2 and 79.5 for Zone 1, with Zone 1's standing driven largely by a climate risk exposure score of roughly 55.1.
South of the border, all three US zones finished outside the top 10, with Zone 3 (Midwest/Southwest) at No. 11. Mexico (80) slipped four spots, Brazil (71) fell 14 and Venezuela (130) dropped five places to finish last, with decreases across health expenditure, education, inflation and GDP per capita.
Over five years, Ghana climbed 18 places to 70, Rwanda rose 14 to 67 and Nigeria gained 12 to 102. Croatia fell 22 places to 44 and Iran dropped 16 to 125. Iran also slipped eight spots this year, with drops in inflation and internet usage. Ukraine fell five places to 84 and Russia rose by one to 59.
Leo Kushner, FM's business intelligence director, said climate and operational risks are shifting faster than businesses expect. "The 2026 FM Resilience Index delivers the objective insight leaders need to navigate volatility, understand evolving risk and make more resilient strategic decisions," Kushner said.
FM's analysis found that locations in the top 50 tend to recover more than 30% faster from property losses on average. The index draws on 18 drivers using data from the IMF, World Bank and FM's own property loss records, covering areas such as water stress, energy intensity, cybersecurity and climate risk.
Energy intensity is increasingly relevant for data centre operators eyeing Canadian markets. JLL's 2026 Global Data Center Outlook projects that nearly 100 GW of new capacity will be added worldwide between 2026 and 2030, doubling global supply, but warned that grid limitations now pose the primary constraint on expansion.
UN Trade and Development (UNCTAD) estimated in January 2026 that announced foreign direct investment in data centres exceeded $270 billion in 2025. The IEA has projected that global data centre electricity consumption will double to roughly 945 TWh by 2030 — a trajectory that places a premium on the grid stability and climate resilience scores captured by FM's index.
