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Frequently Asked Questions

Discover all the common questions we encounter at Climate X, relating to who we are and the climate solutions we provide.

Climate Risk

What is Climate Risk?

Climate Risk relates to the potential impact of climate change on the global annual economic output. The warming planet is a key risk to global financial institutes, with a need to understand the direct risks climate change poses for clients and portfolios to safeguard financial businesses. Moreover, indirect impacts of climate change on the financial sector can occur through regulatory policies organisations must comply with.

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Climate Risk Data

How can I access your climate risk data?

The easiest ways to access our proprietary climate risk data are:

  • via our online self-service platform, Spectra.
  • via our customisable API to easily integrate data with your existing systems to power dashboards and widgets.

Climate Risk Reporting

Can I use your climate risk data for internal risk reporting?

Yes. With our data, you'll have a portfolio and asset-level view of climate risk across various asset classes and functions suitable for internal risk reporting. Running a risk report would take you less than five minutes and is entirely self-service.

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Climate X and the team driving it

What does Climate X do?

Climate X is a climate risk data and analytics provider that helps organisations become more resilient by quantifying the probability and severity of weather events at an asset level, decades before they happen.

Climate X has developed Spectra, an enterprise-wide solution serving service retail, wholesale, risk, and finance teams in the banking and real estate industry through one platform, and as one provider.

Climate Adaptation

What is Climate Adaptation?

Based on the UNFCCC, climate adaptation refers to making changes to ecological, social, or economic systems to prepare them to deal with the current impacts of climate change.

Climate adaptation is important as it represents actions we can take now to lessen the negative effects of climate change. 

In the context of the built environment (real estate), climate adaptation refers to investments that can lower the physical damage from extreme weather events.

For example, an asset facing high risk from North Atlantic Storms or Tropical Cyclones wind (Windstorms, Hurricanes) could benefit from roof bracing or storm shutters as adaptation measures.

With Adapt, you can see the cost of implementing these measures, how well they protect against risk, and the resulting damage prevented (loss savings).

Using this data, we calculate the return on investment (ROI) of the adaptation.

 

Climate X Adapt

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Our latest articles

A selection of some of our latest articles covering industry, policy and climate science.

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