Watch our latest Webinar On-Demand – 2026 Climate Adaptation Playbooks → Here
Andy Paterson • August 14th, 2025.
As climate risks accelerate, climate risk assessments are becoming a critical way for businesses to understand their exposure and to make informed decisions.
Companies are expected to lose as much as 7% of EBITDA from physical climate risks by 2035 without adaptation. With high-quality climate risk assessment tools, they can bring down the cost of inaction and make climate resilience and adaptation a competitive advantage.
With climate volatility on the rise, businesses need to identify their vulnerabilities, understand how they impact their company, and implement strategies that reduce their exposure and build resilience. This article will define the best way to select a climate risk assessment tool and preview the 9 best tools for businesses in 2025.
A climate risk assessment helps companies understand the potential short and long-term climate risks that their business is exposed to and how those risks will impact their assets, revenue, and infrastructure.
A good climate risk assessment will give companies the likely cost of each climate risk they face under different warming scenarios so that they can determine their return on investment for each adaptation measure.
Essentially, they are tools to manage the impacts and build corporate resilience around climate change.
Climate change will be one of the biggest economic disruptors of the 21st century, and climate risk assessments are essential tools to help companies navigate this transition. They enable:
Climate risks are complex. They require an accurate understanding of how upcoming weather events will unfold in the coming days, weeks, and months, and how trends will shape the climate over the longer year-to-year and decadal timelines.
They also need to understand your business. What assets do you have, and how will the climate impact them?
Considering these factors, this is what you should be looking for in a climate risk assessment tool:
As climate risks compound every year, the number of companies offering climate risk assessment tools grows with them. To help businesses cut through the noise, here is a list of the 9 best tools for 2025:
ClimateAi is a climate risk intelligence platform purpose-built for the agriculture, food, and consumer goods sectors. Its strength lies in combining AI-powered weather forecasting with phenological data to deliver highly localized, crop-specific risk insights across the short, medium, and long term. This makes ClimateAi particularly valuable for food and beverage procurement teams and growers who need to navigate both acute (e.g., drought, extreme heat, precipitation) and chronic risks (e.g., changing seasons, yield trends, climate analogs).
Its core products, Climate Risk Outlooks, Monitor, and Adapt, enable users to anticipate climate impacts and take action early, from procurement decisions to operational planning. Beyond the agri-business and food and beverage sectors, the company’s proprietary Foundational Intelligence for Climate and Economics (FICE) model integrates weather and transaction data to uncover how different adaptation strategies affect business performance in certain geographies under specific climate risks and trends. In doing so, ClimateAi can accurately predict business outcomes under climate volatility and give clear adaptation playbooks for companies to perform better.
With deep expertise in climate-agriculture interactions and a client base spanning agricultural and consumer goods multinationals and ag investors, ClimateAi turns complex climate data into actionable strategies.
👉 Schedule a demo to see the top climate risk assessment tool in action.
First Street is a U.S.-based company that specializes in high-resolution, property-level climate risk modeling. Its flagship platform delivers detailed, building-specific assessments of how climate change—including flood, fire, and heat risks—will impact property value, income, and credit risk over the next 30 years.
Unlike broader tools, First Street uses physics-based deterministic models that incorporate the actual characteristics of each structure, enabling highly granular and accurate damage and downtime projections. The platform also considers surrounding infrastructure, demographic shifts, and macroeconomic factors, making it a trusted choice for banks, insurers, government agencies, and real estate platforms. Widely used for regulatory stress testing and policy development, First Street has become the gold standard for translating physical climate risk into financial exposure across the U.S. real estate landscape.
EcoAct’s Climate Risk Tool (ECLR) is a flexible, site-specific platform that helps businesses assess exposure to a wide range of physical climate hazards—including floods, heatwaves, salinization, and ocean acidification—across multiple climate scenarios and timeframes.
Designed to align with frameworks like TCFD and the EU Taxonomy, ECLR enables companies to visualize site vulnerability, prioritize adaptation actions, and generate downloadable risk profiles. Making it a strong choice for multinational organizations looking to operationalize climate resilience.
Meteomatics is a hyper-local, 1-kilometer resolution weather model covering the entire contiguous U.S. and Gulf of Mexico. Designed to detect localized atmospheric phenomena such as isolated thunderstorms, sea breezes, and urban heat islands.
Its value for climate risk assessments lies in the ability to anticipate acute hazards (e.g., hurricanes, flooding, heatwaves) and translate them into actionable insights for industries like energy, agriculture, transportation, and emergency management. By combining high-frequency data assimilation with advanced downscaling to 90 meters, Meteomatics delivers industry-specific parameters such as soil conditions, solar output, and wind speeds at different heights.
Climate X provides advanced climate risk analytics and adaptation tools to help U.S.-based organizations understand and manage the financial impacts of climate change. Its core offering is a comprehensive, enterprise-level climate risk solution that quantifies the probability and severity of physical climate risks, such as extreme weather events, at the individual asset level, projecting decades into the future.
The platform is designed to serve the financial services, real estate, and asset management sectors, helping firms assess how climate change could impact profits, portfolios, and operations. The company has two flagship tools, Spectra and Adapt. Spectra converts physical climate risks into financial loss metrics, allowing businesses to independently run risk assessments across both short- and long-term horizons. Adapt calculates the capital expenditures and return on investment required for climate adaptation at the asset level.
EY’s Climate Analytics Platform (EY CAP) is a climate risk assessment tool designed to help organizations evaluate both physical and transition risks across their assets, operations, and supply chains. Built on IPCC climate scenarios and aligned with global standards like TCFD, CDP, and the EU Taxonomy, EY CAP delivers forward-looking insights through high-resolution spatial modeling up to the year 2100.
The platform offers granular coverage for physical risks worldwide and growing coverage for transition risks across key markets, enabling users to assess vulnerability, support regulatory disclosures, and inform long-term business strategy. EY CAP is tailored for enterprises looking to integrate climate intelligence directly into financial planning, compliance, and operational resilience.
Jupiter Intelligence is a climate risk analytics platform offering asset-level assessments of physical climate risk through its flagship platform, ClimateScore™ Global. Jupiter’s models are grounded in peer-reviewed science, leveraging advanced debiasing and validation techniques to deliver precise, actionable insights. With a huge database covering geographic locations, climate datapoints, and economic metrics, the platform helps organizations understand, quantify, and disclose the financial impacts of acute and chronic climate risks under a range of future scenarios.
Jupiter supports major financial institutions, energy firms, insurers, and governments in meeting regulatory requirements (e.g., TCFD, CSRD) and integrating climate risk into portfolio management, supply chain planning, and resilience strategies.
S&P Global’s Climanomics Platform is a climate risk assessment tool designed to help businesses, investors, and governments understand the financial impacts of physical climate risk across assets, portfolios, and supply chains. Backed by science-based models, the platform evaluates ten key hazards, including floods, droughts, extreme heat, and wildfires, across multiple timeframes and scenarios. It provides granular, geo-specific insights aligned with TCFD and regulatory reporting needs.
Climanomics models vulnerability and calculates potential financial losses, helping users quantify and manage exposure at the asset and portfolio level. The platform’s scenario analysis tools enable organizations to simulate risks under various warming pathways and socioeconomic assumptions, offering a clear lens into how climate change could affect operations, valuations, and economic resilience over time.
Hong Kong-based Intensel provides AI-driven, high-resolution analytics that quantify asset-level exposure to floods, typhoons, drought, wildfires, and other extreme-weather hazards. Using supercomputing and over 200 damage-curve models, Intensel converts physical-climate data into financial risk metrics such as Climate Value-at-Risk (CVaR).
Its cloud platform delivers 0.5–90 m spatial resolution, covers 10 + hazards under six IPCC climate scenarios (RCP/SSP), and supports portfolio-level screening via API. Financial institutions, insurers, and asset managers use it for due diligence, stress testing, and alignment with the TCFD and ISSB S2 frameworks for disclosure.
By 2030, businesses globally are expected to spend between $2 and $3 trillion a year on climate adaptation. With these tools, companies can feel safe in the knowledge that they are allocating capital correctly and building climate resilience.
Andy Paterson is a content creator and strategist at ClimateAi. Before joining the team, he was a content leader at various climate and sustainability start-ups and enterprises.
Andy has held writing, content strategy, and editing roles at BCG, Persefoni, and Good.Lab. He has helped build one of the industry’s most popular newsletters and regularly publishes environmental science articles with Research Publishing.