Provides a climate risk analytics platform that quantifies physical climate risks at the asset and portfolio levels, translating potential weather-related events into financial loss metrics. This enables businesses in banking, real estate, and insurance to integrate climate assessments into their operations, optimize adaptation investments, and reduce long-term financial exposure.
Funding
$25.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face increasing financial risks due to the growing impact of climate change and extreme weather events on their assets and investments. Quantifying and integrating these physical climate risks into financial planning and operations is challenging, often requiring specialized expertise and complex data analysis. Traditional risk assessment methods often fail to account for long-term climate projections and adaptation strategies.
Solution
Climate X provides a climate risk analytics platform that translates potential weather-related events into financial loss metrics at the asset and portfolio levels. The platform enables organizations to assess both short-term and long-term physical risks, integrating seamlessly into existing portfolio management workflows. Climate X offers two core products: Spectra, which quantifies the impact of climate change on profit and loss, and Adapt, which identifies capital expenditure requirements and ROI for adaptation investments. By quantifying the probability and severity of weather events decades in advance, Climate X helps businesses optimize adaptation investments, reduce long-term financial exposure, and gain a competitive edge.
Target Audience
The primary target audience includes businesses in financial services, real estate, and insurance, as well as asset managers seeking to integrate climate risk assessments into their operations.
Features
- Spectra: Translates physical climate risks into financial loss metrics at the asset and portfolio levels.
- Adapt: Quantifies capital expenditure and ROI for an asset's adaptation investment.
- Integration with portfolio management workflows for short and long-term physical risk assessments.
- Alignment with EU Taxonomy & MRM.
- Built on ISO standards, UNFCCC, and EU Guidance.
- Data-driven insights for informed decision-making and strategic planning.
- Automated processes to grow top-line revenue and cut operational costs.