Climate X
Quantifying financial impacts of climate change, turning future losses into opportunities.
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Meet the Team

We’re a climate-tech company providing revolutionary risk data and analytics. Our team is comprised of financial services professionals, AI engineers, Real Estate entrepreneurs and climate scientists.

Kamil Kluza
Kamil KluzaCo-Founder
Lukky Ahmed
Lukky AhmedCo-Founder
Dr Claire Burke
Dr Claire BurkeGeospatial Modelling Lead
Adil Assim
Adil AssimDesign & Marketing

A specialist consultancy originally developed at Oxford University, comprising experts and academics working at the forefront of climate science.

Credentials:

  • UK Gov: Department for International Development
  • Office for Nuclear Regulation
  • Lloyds of London
  • World Bank
Prof. Stephan Harrison
Prof. Stephan HarrisonProfessor in Climate & Environmental Change
Prof. David Stainforth
Prof. David StainforthProfessional Research Fellow
Dr. Mike Harrison
Dr. Mike HarrisonClimate Science & Numerical Modelling
Tessa Kingsley
Tessa KingsleyProject Manager
Climate X

We’re a climate-tech company providing revolutionary risk data and analytics. Our team is comprised of financial services professionals, AI engineers, Real Estate entrepreneurs and climate scientists.

Kamil Kluza
Kamil KluzaCo-Founder
Lukky Ahmed
Lukky AhmedCo-Founder
Dr Claire Burke
Dr Claire BurkeGeospatial Modelling Lead
Adil Assim
Adil AssimDesign & Marketing
Climate X

A specialist consultancy originally developed at Oxford University, comprising experts and academics working at the forefront of climate science.

Credentials:

  • UK Gov: Department for International Development
  • Office for Nuclear Regulation
  • Lloyds of London
  • World Bank
Prof. Stephan Harrison
Prof. Stephan HarrisonProfessor in Climate & Environmental Change
Prof. David Stainforth
Prof. David StainforthProfessional Research Fellow
Dr. Mike Harrison
Dr. Mike HarrisonClimate Science & Numerical Modelling
Tessa Kingsley
Tessa KingsleyProject Manager

How it works

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STEP 1

Simulate multiple
high-resolution
climate
projections

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STEP 2

Estimate how climate projections will damage properties, assets or infrastructure

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STEP 3

Quantify how
that climate damage
impacts valuations
& cashflows

  • Model regional climate projections until 2100
    • Precipitation
    • Temperature
    • Sea level rise
    • Extreme weather

  • Utilising Self-Organising Maps (SOMs)
  • SOMs, a sub-division of AI, is a type of neural network that can train itself to take complex multi-dimensional data-sets and reduce them to fewer dimensions.



  • Most climate projections rely on a single Global Climate Model (GCM). The SOM’s approach provides finer resolution and will allow us to take outputs across multiple GCM’s and expose uncertainties to develop the best scenarios, based on all the data available.
  • Machine learning techniques will be applied to convert climate projections into select physical risk factors
  • These will cover both the frequency and severity of
    • flood
    • extreme heat/hold
    • subsidence
    • other geological hazards
  • The selected risk factors will always be the most relevant to the particular geography where the models are running – for example, to assess wildfire in California or drought in Kenya
  • Outputs provided at the granular postcode level, mapped across the country or selected region
  • Asset Devaluation Model
    Uses physical risk factors to provide potential impacts to property prices, over the full-time horizon across the multiple scenarios
  • Transition Risk Model
    The cost of moving to a net-zero carbon economy for both retail and corporate portfolios as reductions in incomes and cashflow
  • Powered by AI
    Our models will update automatically and self-calibrate in response to the latest available scientific data
  • An easy to use, but powerful, cloud-based interface
    The model will be built on a cloud-based architecture for seamless access, secure data exchange and integration

Firms overlay their portfolio to assess key concentration risks

Outputs and Insights

  • Save millions in losses by turning climate risks into opportunities
  • Run scenario analysis to assess concentration risk
  • Build a forward-looking strategy that will be resilient to Climate Risks
    Reflect climate-related risks into pricing, acquisition strategy and more
  • Achieve regulatory compliance and disclosures
    Climate X is designed with the new regulatory landscape in mind - including all TCFD, ICAAP and stress testing requirements
  • Deep dive analysis
    Using our auxiliary services to zoom into specific counterparties or exposures