Tech Roadmap: Climate Risk Digital Solutions

Published 19 January 2023 by Alice Saunders, Maya Hilmi & Ryan Skinner,
Carbon Emissions Reporting Carbon Management Software Climate Change Risk Climate Change Strategy Climate Risk Digital Tech EFRAG Reporting Energy Transition Risk ESG & Sustainability ESG Investor Software ESG Ratings Financed Emissions Net Zero & Climate Risk Physical Climate Risk SASB Reporting TCFD Reporting Tech Roadmap

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Executive Summary

This Tech Roadmap report unpacks the business value, pace of innovation and maturity of 21 digital technologies that can streamline climate risk assessments and monitoring. Verdantix performed an independent, fact-based analysis of the maturity, innovation, prospects and business value of each solution. This report should be used by risk managers, heads of net zero and sustainability executives to identify, assess and evaluate those technologies available on the market that are best suited for their climate risk analyses. Technology buyers can use the Tech Roadmap methodology to identify new technologies for pilot projects and to develop technology strategy plans. Risk-averse firms should focus on the potential of technologies with proven business value that are in the growth or maturity phases of the technology life cycle. Innovators and early adopters should take note of launch phase technologies.

Table of contents

Tech Roadmap Analysis As A Tool For Corporate Managers And Vendors
Key Questions Answered By Tech Roadmap Analysis
Tech Roadmap Aligns Investments With Business Value
Defining The Climate Risk Digital Solutions Market
Tech Roadmap Methodology
Identifying The Five Market Phases Of Technology Maturity
Three Technology Life Cycles Differentiate Business Value
Technology Adoption And Success Influence Positioning
Pace Of Innovation Determines Time To The Next Life Cycle Phase
Climate Risk Digital Solutions In Phase 1: Research And Development
1.1 Biodiversity Assessment Tools
1.2 Agent-Based Behavioural Modelling
1.3 Sea-Level Mapping
Climate Risk Digital Solutions In Phase 2: Launch
2.1 Real Estate Climate Risk Assessments
2.2 Parametric Insurance Data Models
2.3 Digital Twins For Asset-Level Climate Intelligence
2.4 Critical Event Management Software
2.5 IoT Platforms For Drought Monitoring 
2.6 Wildfire Monitoring Solutions
Climate Risk Digital Solutions In Phase 3: Growth
3.1 High Resolution Weather Forecasting
3.2 Extreme Heat Resilience Tools
3.3 Early Warning Flood Forecasting
3.4 Financial Portfolio Climate Risk Analysis Solutions
3.5 Supply Chain Sustainability Software
3.6 Carbon Management Software
3.7 ESG Reporting Software
Climate Risk Digital Solutions In Phase 4: Maturity
4.1 Asset Investment Planning (AIP) Software
4.2 Natural Catastrophe Modelling
4.3 ESG Scores For Climate Analysis
4.4 Risk Management Software
4.5 Public Sentiment Monitoring Solutions

Table of figures

Figure 1. Tech Roadmap Terminology Definitions
Figure 2. Tech Roadmap For Climate Risk Digital Solutions

Organisations mentioned

About the authors

Alice Saunders

Industry Analyst

Alice is an Industry Analyst in the Verdantix Net Zero & Climate Risk Practice. Prior to joining Verdantix she completed a Master's degree in Nature, Society and Environmental Governance at the University of Oxford, earning a distinction. Her thesis project focused on species redistribution due to climate change and woodland ecosystems. Alice also holds a BA in English Literature from the University of Warwick.

Maya Hilmi

Analyst

Maya is a Net Zero, Climate Risk Analyst. She is currently specialising in carbon management, ESG regulations, and identifying climate risk solutions. Prior to joining Verdantix, Maya interned at Cardano Advisory where she gained experience in covenant, sustainability, and pensions corporate finance matters. Maya holds a master's degree in Conflict Resolution in Divided Societies with Distinction from King's College London, and an undergraduate degree in International Relations from SOAS, University of London.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan leads the Verdantix Net Zero & Climate Risk research practice. The team’s current research focus encompasses net zero drivers and strategies, and climate risk, emissions reduction, and carbon management technologies. Ryan has 10 years of experience in the research business, previously working at Forrester, where he led research on ESG. Ryan speaks English natively, Norwegian, and French conversationally. He holds a BA from Duke University. 

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