Smart Innovators: Climate Risk Digital Solutions

Alice Saunders

Alice Saunders

17 Apr, 2023

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Executive Summary

Demand for climate risk management has grown in recent years, due to current and upcoming climate disclosure regulations, changing climate policy landscapes, and investor demand, alongside the rising number of costly extreme weather events. Firms are increasingly turning to digital solutions to help them identify, monitor and address their climate risk exposure. This report provides buyers of climate risk digital solutions with a benchmark of 24 different providers across five categories of capabilities: physical risk analysis; transition risk analysis; financial and operational impact quantification; real-time risk planning for weather; and TCFD-aligned reporting and benchmarking. Executives should use this report to compare the relative capabilities of vendors, to inform their software purchasing decisions.
Climate Risks Threaten Firms’ Long-Term Viability And Profitability
Introducing The Climate Risk Digital Solutions Market
Core Capabilities Include Physical And Transition Risks, Impact Quantification, And Benchmarking
Climate-Risk-Specific Providers And Financial Services Firms Dominate The Space
Providers Innovate With New Capabilities To Meet Market Needs
Three Factors Firms Should Consider When Choosing Climate Risk Digital Solutions
Figure 1. Multiple Challenges Are Driving Climate Risk Digital Solutions Uptake
Figure 2. Selection Process For Identifying Vendors In Smart Innovators Analysis 
Figure 3. Climate Risk Digital Solution Providers Capabilities Assessment
Figure 4. Climate Risk Digital Solutions Capabilities And Definitions
Figure 5. Firms Plan To Invest In Transition And Physical Risk Analysis At Equal Rates

About the Authors

Alice Saunders

Alice Saunders

Industry Analyst

Alice is an Industry Analyst in the Verdantix Net Zero & Climate Risk practice. Her current research agenda focuses on climate risk solutions and biodiversity. Alice holds...

Ryan Skinner

Ryan Skinner

Research Director

Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc...

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