Strategic Focus: Mapping Physical Climate Risk Solutions To Corporate Needs

Published 4 December 2023 by Emma Cutler & Ryan Skinner &

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Executive Summary

As corporates increasingly turn their attention to physical climate risk, vendors rush to provide solutions, creating a complex and hard-to-navigate market. This report helps climate leaders at firms understand the primary use cases that solutions for physical climate risk can support, from complying with regulations to fully integrated enterprise risk management. In this report, we map climate risk solutions to specific business use cases and elaborate on the value of using these tools, such as gaining actionable insights and increasing capacity to manage climate risks. Buyers and vendors of physical climate risk solutions can use this report to better understand how climate software, data and services create value for corporates.

Table of contents

Corporates must understand how physical climate risk solutions can align with their needs
Firms’ requirements for physical climate risk solutions differ by industry, timescale and asset types
Relevant use cases depend on corporate climate risk maturity
Physical climate risk solutions map to corporate needs
The landscape of physical climate risk solutions is varied
Tools support corporates in developing climate risk capabilities

Table of figures

Figure 1. Physical climate risk use cases by high and low maturity
Figure 2. Physical climate risk solutions address a wide range of business use cases

About the authors

Emma Cutler

Principal Analyst
Emma is a Principal Analyst in the Verdantix Risk Management research practice. Her current research agenda focuses on solutions for climate risk management. She has a background in simulation and statistical modelling applied to climate adaptation, coastal management and international development. She holds a PhD in systems engineering from Dartmouth College and a BA from Bowdoin College.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan is the Research Director for the Verdantix Net Zero & Climate Risk practice. He guides the research team to develop compelling research at the intersection of net zero strategies, carbon management, climate risk and technology. Prior to joining Verdantix, Ryan was a principal analyst at Forrester Research, where he initiated the research into ESG data and analytics offerings. He also has extensive experience of helping software companies with their messaging, positioning, market and technology strategies. Ryan studied at Duke University, the University of Manchester and the University of Oslo, and speaks Norwegian fluently.

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