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Top 10 climate risk data providers

Not many organizations started the climate resilience journey by saying to themselves: “A climate risk assessment platform seems like a nice thing to implement in our risk management process.” Rather, they had the proverbial ‘lightbulb moment’ when a flood closed a German supplier, a fire disrupted logistics in California, or a government agency asked: “What is your organization’s climate exposure?”

The issue isn’t data. It’s the clarity. And that’s where the true value-providing climate risk data companies become relevant. This list is not about any number of dashboard generators. It is about platforms and systems that help you comprehend climate risk and — equally important — act upon it. So, let’s begin.

Climate risk data providers

Here’s the list of top climate risk data providers. We’ll start with Correntics.

Correntics

At Correntics, we think strategically, not just collect climate risk data.

Whereas other climate risk data providers might stop at telling you about the risks, Correntics is willing to dig deeper and ask a fundamental question: “What will happen to my business tomorrow?” In that sense, our core differentiator is the connection between understanding climate risk and acting upon it.

Correntics does not think like a regular analytics solution. Rather, it simulates the environment a modern company faces: a multi-tiered, interdependent network of suppliers and partners, cross-border dependencies, constant regulatory scrutiny, and zero tolerance for service interruptions. Instead of showing you general climate risk maps, they explore global value chains to find potential vulnerabilities where they really exist—not where they’re easiest to highlight.

The Correntics approach:

Knowing what specific supply chains, components, and revenue streams will be affected by natural hazards, e.g., in Southeast Asia
Actively mitigating business interruption risks before they affect your operations
Communicating your organization’s climate risk status in an easily comprehensible way to stakeholders

All of this becomes feasible thanks to Correntics’ success in integrating multiple technologies into a single seamless climate risk assessment platform. It includes some interdependent components:

Practical Climate Risk Analytics that turn complex modeling into decision-useful conclusions.
Real-time hazard data to help users respond quickly and make informed decisions based on it.
Climate and Sustainability Disclosures that are fully aligned with the requirements stated by the Task Force on Climate-related Financial Disclosures and other regulatory standards, such as CSRD or IFRS S2.

In essence, all of these features provide for a comprehensive platform for assessing climate risk.

Instead of putting various climate risk assessment tools together into an ad-hoc solution, this platform lets you perform several functions simultaneously:

Visualize risks
Analyze risks accurately
Mitigate risks proactively

By bringing climate risk into active management rather than just monitoring, Correntics has become known as the best-in-class climate risk software.

MSCI

When climate risk reaches a corporate boardroom, its first question usually is: “How does this affect our portfolio?” That’s exactly where MSCI’s expertise lies. Having long established itself as a trusted source of data on global markets, the company has applied its knowledge to help investors navigate climate risks that affect their decisions.

On the other hand, in terms of methodology, MSCI expands the scope beyond disruptions related to operations and processes to adopt a strategic, future-oriented outlook. This is done through:

Transition risks, especially those associated with policies relating to climate change and carbon emissions.
Financial metrics, which help in determining exposure and intensity.
Scenario analysis based on global trends and forecasts.

All of this makes MSCI one of the leading climate risk data providers for capital markets, where every decision should be risk-adjusted to make sense. If you’re looking for an intermediary between climate science and investment strategy, MSCI might be your choice.

S&P Global

As S&P Global knows, most financial experts measure risk by numbers, ratings, and benchmarks. When it came time to tackle climate risk in financial markets, the company decided to embed its climate offerings directly into the existing frameworks companies use to assess their exposure and risks.

This is how you can see it in action, once you get past the technical jargon:

Physical risk assessment: an approach to determine your exposure to climate risks and events, transforming your potential risk into useful information
Energy transition analysis: following the progress of low-carbon economies to find out where your opportunities and risks might be
Sustainability and ESG intelligence: offering an integrated perspective on the environmental, social, and governance dimensions in a corporate context

When it comes to choosing a provider of climate risk data, what makes S&P unique is its ability to integrate climate perspectives into financial and general sustainability risk management. For companies using S&P’s services for sustainability and credit risk assessments, market intelligence, and other purposes, adding climate risk to the equation will require very little additional effort.

Moody’s

The one who sees climate risk as a factor impacting financial performance

Moody’s does not see climate risk as a far-off threat. It sees it as a current financial variable that needs to be accounted for now. A simple logic drives its entire approach: if climate-related events can affect cash flows, asset values, or long-term viability, they need to be analyzed for credit purposes.

To accomplish this, Moody’s has created an integrated platform that brings together various aspects. Firstly, financial risk modeling helps assess the risks posed by climate exposure over the long term. Secondly, there is the inclusion of physical risk analysis, facilitated by acquisitions such as Four Twenty Seven and RMS. Lastly, the transition risk analysis is integrated into the system based on market trends.

All of this makes Moody’s one of the most prominent climate risk companies out there. It stops being just another data collection platform. Instead, it becomes a tool for measuring climate risk in financial terms.

Verisk

Verisk is a company that has long been analyzing catastrophic events to help its clients quantify and manage risk, especially in the insurance sector. As climate change became an inevitable challenge, Verisk brought its vast experience to bear and began to specialize in climate risk data.

Its platform lets you analyze:

Detailed historical datasets related to natural hazards
Multiple scenarios and their probability based on statistical models
Complex and nuanced datasets for accurate risk modeling

For organizations assessing physical climate risks, especially those affecting asset-level properties, Verisk can be among the providers of climate risk data, given its long history and expertise in modeling catastrophe risk.

Jupiter Intelligence

The founders of Jupiter Intelligence believed that while climate risk affects regions on a macro scale, it’s felt in microclimates. To reflect this, the company has built a platform to analyze the climate at individual sites.

Using the platform, you can analyze:

Individual facilities’ exposure to climate risks
Exposure of critical infrastructure assets to natural hazards
Hazards on a micro-level basis (by latitude and longitude)

In particular, Jupiter specializes in modeling such risks as:

Extreme sea levels and coastal flooding
Extreme temperatures and temperature variations
Changed precipitation patterns

Due to its local approach to risk assessment, Jupiter is considered one of the best sources of climate risk information for sectors such as property, energy, infrastructure, and logistics. It is a suitable option for answering queries such as “What will happen to this particular facility/investment?”

RMS

Having been established as the provider of choice for the entire insurance industry, RMS has recently found itself at the center of the climate risk debate. Now part of Moody’s platform, it continues to excel at modeling and assessing risks related to extreme weather events and climate change.

Its platform analyzes:

Frequency and magnitude of extreme weather
Long-term scenarios related to the climate
Risk aggregation for portfolios

What makes RMS unique is its focus on providing concrete results of risk analysis—expected losses, insurance exposure, and portfolio-level information—to guide your decisions and actions. Thanks to this, RMS remains one of the top providers of climate risk data for the insurance sector.

Climate X

There’s one problem that all the top climate risk data providers face today: even the best and most accurate data is useless if a team cannot analyze it and act on it quickly. Climate X recognized this challenge and focused its efforts on delivering usable insights to businesses.

Climate X uses advanced models to deliver:

Insights presented in visually compelling ways
Scenarios that users can explore interactively
Results of the simulation that make sense in the real world

The company specializes in analyzing physical climate risks, including risks related to the location of a particular asset. For organizations new to the subject, Climate X can be one of the easiest-to-use climate risk solutions.

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XDI

XDI specializes in evaluating physical risks from a climate perspective in monetary terms. It offers asset-specific risk scores and helps understand the actual cost ramifications.

Advantages of XDI:

Risk scoring at the asset level
Quantification of the impacts of climate changes
Highly detailed hazard modeling

An excellent option for banks, real estate, and infrastructure-intensive companies that need reliable climate risk solutions.

Mitiga Solutions

Mitiga Solutions uses a science-based approach to climate risk management and relies on artificial intelligence to provide insightful predictions. The platform specializes in forecasting natural disasters such as wildfires and heat stress.

Advantages of Mitiga Solutions:

Climate modeling and forecasting using artificial intelligence
Early detection of extreme events
Solid scientific background (supercomputing-supported research)

Among new climate risk data providers, it is an outstanding option.

Now, which one is better?

You probably have noticed a pattern in the previous descriptions of climate risk data providers. There are no ‘best’ or ‘worst’ providers.

Here’s why: while there are definitely leading providers in the space, it’s hard to recommend any of them as the absolute ‘best.’

First, because climate risk manifests in very different forms and contexts across industries and regions.

Second, the type of solution a company seeks depends entirely on its situation and needs.

To make it clearer, let’s look at four different scenarios:

If your company suffers from the fragility of the global supply chain, choose Correntics
If you care mostly about investor relations and regulatory disclosures, consider MSCI
If the financial impact of climate risks is the key focus for you, go with Moody’s
If you are managing physical assets exposed to climatic hazards, Verisk or Jupiter Intelligence.

However, as you have likely noticed, this list of climate risk companies may quickly become outdated. Why? Because the approach to risk has fundamentally shifted. Companies don’t need yet another data provider in a world full of dashboards. They need tools that would turn data into decisions.

From data collection to action

Climate was once an esoteric notion measured infrequently and reported annually in sustainability-related contexts. Not anymore. Nowadays, the consensus is:

There is a climate risk
It can be measured and analyzed properly
It is material

There are plenty of dashboards, analysis tools, and reports in climate risk. However, their utility diminishes without a clear understanding of what matters most. The key issue isn’t whether you measure climate risk – but whether you act on it swiftly.

Climate risk does not happen slowly. Its effects manifest promptly and unpredictably through weather extremes, regulatory changes, and supply chain interruptions, among others. Hence, the definition of top-notch climate risk management software is now extended to provide:

Access to large datasets on climate risks
Sophisticated tools to analyze those risks
Insights and comprehensive reports on the results

More importantly:

Assisting you in recognizing your vulnerabilities in value chains and operations
Protecting you from financial losses, not only potential threats
Efficiently communicating data to stakeholders, such as investors and regulators
Allowing you to make prompt decisions on your analysis

Climate risks don’t wait until the end of another reporting period.

The takeaway

Until recently, climate risk was considered a subject related exclusively to sustainability. But today, it’s clear that climate risk cuts across all lines and processes that keep a company going: operations, finance, strategic decisions, compliance, and more.

In other words, it’s not a niche topic. It’s the topic of the decade. And the companies that take the lead in understanding and addressing climate risk early won’t just survive the coming years; they’ll thrive.

FAQs

What are climate risk data providers, and what is their role in businesses?

Data providers of climate risks deliver analytical reports to measure, understand, and manage the consequences of climate change on companies’ operations, properties, and financials. By applying data science, modeling, and analytics, climate risk data providers turn their climate-related data into practical knowledge that enables the organization to adopt a strategic approach.

What do climate risk assessment tools do?

Climate risk assessment tools analyze physical and transition risks via data, models, and various future scenarios. It maps risks to company assets or the entire supply chain and estimates the consequences of potential events. The key function of the climate risk assessment platform is to provide understandable and actionable insights.

What should I look for in the best climate risk software?

Among the features of the best climate risk software, you may want to consider integrative capabilities combining risk analytics, scenario modeling, and reporting. You may also benefit from receiving asset-level information and the ability to make the necessary regulatory disclosures. The most important thing about climate risk solutions is the ability to act on the data.

Which are the leading climate risk data providers?

The current market leaders in climate risk data are Correntics, MSCI, and Moody’s. Such vendors provide services related to supply chain, financial, and physical risks. The choice will depend on particular needs and priorities.

How do climate risk solutions evolve?

Modern climate risk solutions go beyond mere risk reports. Companies pay special attention to streamlining the process and making it more automated to provide businesses with actionable insights.