What Are Climate Risk Assessment Tools?
Climate risk assessment tools are software platforms that analyze location data against climate projections to measure exposure to physical hazards. Floods, extreme heat, drought, wildfire, sea level rise, storms: these tools quantify how each hazard affects specific assets under different warming scenarios.
The market has changed fast. Analysis that once required a $50,000+ consulting engagement now runs through SaaS platforms in minutes. Organizations can screen entire portfolios, get a climate risk assessment report for individual sites, or pull data through an API for custom workflows.
But climate risk software varies widely in coverage, accuracy, and pricing. Some tools focus on U.S. residential real estate. Others cover global industrial portfolios across 12+ hazards. This guide breaks down what to look for, profiles the leading climate risk assessment tools available in 2026, and matches each to specific use cases.
What to Look for in Climate Risk Assessment Software
Before comparing specific platforms, establish your evaluation criteria. Six factors separate strong climate risk tools from superficial ones.
Hazard Coverage
The best climate risk assessment tools evaluate multiple hazards together, not flooding or wildfires in isolation. Look for platforms covering both acute risks (floods, storms, wildfires) and chronic risks (temperature change, water stress, sea level rise). Comprehensive tools cover 10-12 distinct hazards. Single-hazard tools can supplement a broader platform, but they shouldn’t be your only lens. For background on what these hazards include, see our climate hazards overview.
Scenario Flexibility
Climate risk varies dramatically based on emission trajectories. Tools should support multiple scenarios, typically SSP2-4.5 (moderate warming) and SSP5-8.5 (high emissions), with multiple time horizons (2030, 2040, 2050). If the tool only gives you one scenario, you can’t stress-test decisions against different futures. Our SSP scenarios guide explains what each pathway assumes.
Geographic Resolution
Country-level averages are useless for site-level decisions. The climate risk at a coastal warehouse differs from one 50 miles inland, even in the same region. Demand asset-level resolution: coordinates in, hazard scores out. Regional tools work for initial screening; asset-level tools work for actual decisions.
Data Transparency
Credible climate risk software discloses its data sources: NASA climate projections, WRI water stress indices, peer-reviewed hazard models like CMIP6. Black-box solutions make validation difficult and audit teams nervous. If a vendor won’t explain their methodology, that’s a red flag. Our guide to climate risk data sources covers the major global databases.
Delivery Format
How will your team actually use the output? PDF reports suit stakeholder presentations. API access enables integration with internal risk systems. Interactive dashboards let analysts explore scenarios. Some teams need all three. Match the tool to your workflow. For API-first approaches, see our climate data API comparison.
Pricing Model
Pricing ranges from free (government tools) to $500K+/year (enterprise platforms). Per-assessment pricing works for occasional use. Annual subscriptions suit teams running regular portfolio screens. Consider total cost of ownership: a $200 per-report tool may cost less than a $100K platform if you only need 20 reports annually.
Climate Risk Assessment Tools Compared
The table below summarizes the leading climate risk assessment tools by category, coverage, and price point.
| Tool | Category | Hazards | Coverage | Pricing | Best For |
|---|---|---|---|---|---|
| Jupiter Intelligence | Enterprise | 8+ | Global | $100K-500K+/yr | Infrastructure, utilities |
| S&P Sustainable1 | Enterprise | 6+ | Global | $50K-200K+/yr | Investors in S&P ecosystem |
| MSCI Climate Lab | Enterprise | 6+ | Global | $50K-300K+/yr | Asset managers, portfolio risk |
| Moody’s Climate Solutions | Enterprise | 7+ | Global | $50K-200K+/yr | Banks, credit risk workflows |
| EY Climate Analytics | Enterprise | 6+ | Global | Custom pricing | TCFD/ISSB reporting |
| Continuuiti | Mid-Market / API | 12 | Global | $15-400/report | SMBs, supply chain, API users |
| ClimateAi | Mid-Market / API | 6+ | Global | Custom pricing | Agriculture, supply chain |
| Climate X | Mid-Market / API | 6+ | Global | Custom pricing | Real estate, infrastructure |
| Intensel | Mid-Market / API | 5+ | APAC focus | Custom pricing | Asia-Pacific real estate |
| First Street | Free + Premium | 4 | US primary | Free basic / paid API | U.S. residential, mortgage |
| ClimateCheck | Free + Premium | 5 | US | Free basic / paid reports | Real estate agents, homebuyers |
| World Bank CRAT | Free / Gov | 6+ | Global (developing) | Free | Development projects |
| CMRA | Free / Gov | 4+ | US | Free | Community planning, research |
Enterprise Climate Risk Platforms
Enterprise platforms serve institutional investors, large banks, and multinational corporations. They offer broad coverage, deep analytics, and integration with existing financial workflows. Annual contracts typically start at $50,000 and scale with portfolio size.
Jupiter Intelligence
Jupiter delivers engineering-grade physical risk analytics for infrastructure, utilities, and real estate portfolios. Their models downscale global climate projections to produce asset-level flood, wind, heat, and wildfire scores across multiple time horizons. Jupiter’s strength is precision for built-environment decisions: facility siting, adaptation planning, insurance pricing. The platform connects to internal risk systems through APIs and custom data feeds. Best suited for organizations with complex physical assets and dedicated risk teams.
S&P Global Sustainable1
Sustainable1 embeds climate risk scores within the broader S&P data ecosystem. If your team already uses S&P for credit ratings, market data, or ESG analytics, Sustainable1 adds a climate layer without switching vendors. Coverage spans physical and transition risk, with portfolio-level dashboards that map exposure across sectors and geographies. Less granular at the individual asset level than specialized tools, but strong for portfolio-level views that align with existing S&P workflows.
MSCI Climate Lab
MSCI’s climate risk analytics serve institutional investors and asset managers. Climate Lab models both physical risk exposure and transition risk (carbon pricing, stranded assets, technology shifts) across equity and fixed-income portfolios. Integration with MSCI’s index products makes it natural for funds benchmarked against MSCI indices. The platform supports TCFD-aligned reporting and scenario analysis out of the box.
Moody’s Climate Solutions
Built through the acquisition of Four Twenty Seven, Moody’s climate tools plug directly into credit risk and lending workflows. This makes them especially relevant for banks and financial institutions already using Moody’s for credit assessment. Physical risk scores cover flood, heat stress, hurricanes, sea level rise, and wildfire. The main advantage is tight integration with Moody’s credit analytics, letting risk teams overlay climate exposure onto existing obligor and portfolio models.
EY Climate Analytics Platform
EY’s platform combines climate risk data with consulting and assurance services. For organizations preparing TCFD or ISSB disclosures, EY offers both the analytical tool and advisory support to interpret results. Coverage includes physical and transition risk across global portfolios. Pricing is typically bundled with broader EY advisory engagements, making it a natural fit for companies already working with EY on sustainability reporting.
Mid-Market and API-First Climate Risk Tools
Mid-market climate risk assessment tools fill the gap between free screening tools and six-figure enterprise contracts. They offer serious analytical capability, often with API access for integration, at pricing that works for SMBs, consultancies, and growing risk teams.
Continuuiti
Continuuiti runs physical climate risk assessment across 12 hazards, multiple SSP scenarios, and time horizons to 2050. Reports are generated in minutes from coordinates and delivered as structured PDFs or through the climate risk API. The platform uses NASA GDDP-NEX downscaled CMIP6 projections, WRI Aqueduct water stress data, and ESA WorldCover land classification. Pricing starts at $15 per single-site assessment, making it accessible for organizations that need comprehensive coverage without enterprise-scale commitments. Strong for supply chain screening where hundreds of supplier locations need rapid assessment.
ClimateAi
ClimateAi focuses on supply chain and agricultural climate risk. Their platform models how climate shifts affect crop yields, water availability, and supply chain reliability at the regional level. Strong for food and beverage companies, agricultural commodity traders, and CPG firms with climate-sensitive sourcing. ClimateAi also provides adaptation recommendations alongside risk scores, which sets it apart from tools that only quantify exposure.
Climate X
Climate X (formerly Cervest) provides asset-level climate intelligence for real estate and infrastructure portfolios. Their EarthScan platform maps physical risk across flood, wind, heat, and drought hazards with sub-kilometer resolution. Climate X serves property investors, developers, and infrastructure funds that need granular risk data for acquisition decisions and asset management planning.
Intensel
Hong Kong-based Intensel specializes in climate risk analytics for the Asia-Pacific region. Their platform covers typhoon, flood, heat stress, and sea level rise with particular depth in APAC markets where other tools have thinner coverage. Strong choice for organizations with significant real estate or infrastructure exposure in Southeast Asia, Greater China, or Oceania.
Free Climate Risk Assessment Tools
Several free tools provide useful screening capabilities, though they come with limitations in scope, geography, or depth.
First Street Foundation
First Street provides free Flood Factor, Fire Factor, Heat Factor, and Wind Factor scores for U.S. residential properties through riskfactor.com. Scores are easy to understand (1-10 scale) and widely referenced in real estate. Premium data access and API are available for commercial applications. The main limitation: U.S. only, primarily residential, and physical risk scores lack the scenario flexibility of paid tools.
ClimateCheck
ClimateCheck offers free basic risk assessments for U.S. addresses covering flood, heat, drought, fire, and storm. The free tier provides an overall risk score by address. Premium reports add more detail and are available for individual purchase. Good entry point for real estate professionals evaluating specific properties, though not designed for portfolio-scale screening.
World Bank Climate and Disaster Risk Assessment (CRAT)
The World Bank’s screening tools evaluate climate and disaster risk for development projects, with particular strength in emerging markets and developing economies. These self-paced tools assess both current and future climate hazards including temperature, rainfall, drought, and flooding. Free and publicly accessible, though designed for infrastructure and development contexts rather than corporate risk management.
Climate Mapping for Resilience and Adaptation (CMRA)
CMRA is a U.S. federal tool from resilience.climate.gov that integrates data from NOAA, FEMA, EPA, and other agencies. It maps climate-related hazards at the community level and connects users with federal resources for adaptation. Useful for community planners and researchers. Not designed for commercial risk assessment, but provides a free data layer for understanding U.S. regional climate exposure.
How to Run a Climate Risk Assessment
Climate risk assessment tools handle the data analysis, but the process around them matters. Here’s how organizations typically run an assessment from start to finish. For a detailed walkthrough, our climate risk analytics guide covers each step.
1. Define Scope
Identify the assets, locations, or portfolio you need to assess. Are you screening 5 facilities or 5,000 supplier sites? The scope determines which climate risk assessment tool fits: per-report pricing for small scopes, platform subscriptions for ongoing large-scale screening.
2. Select Scenarios and Time Horizons
Most assessments use at least two warming scenarios (moderate and high emissions) across two or more time horizons (2030 and 2050). Climate scenario analysis helps frame what-if questions for different futures. TCFD-aligned disclosures typically require this multi-scenario approach.
3. Run the Analysis
Feed location data into your chosen tool and generate hazard scores. Depending on the platform, this takes seconds (API-based tools) to days (enterprise consulting engagements). The output is typically a set of hazard ratings per location per scenario per time horizon.
4. Interpret and Act
Raw scores need context. A high flood risk score at a warehouse in a flood zone may already be mitigated by existing infrastructure. A moderate heat stress increase at a data center may be more operationally urgent. Map results against your business operations, prioritize by financial exposure, and feed findings into adaptation or climate risk management plans.
Choosing the Right Climate Risk Assessment Tool
The right climate risk software depends on your use case, budget, and technical requirements:
- Real estate transactions: First Street (free U.S. scores), ClimateCheck, Continuuiti (global, multi-hazard)
- Investment portfolios: MSCI Climate Lab, S&P Sustainable1, Jupiter Intelligence
- Banking and lending: Moody’s Climate Solutions, Continuuiti (API for batch screening)
- Supply chain screening: Continuuiti, ClimateAi
- TCFD/ISSB compliance: EY Climate Analytics, MSCI, Continuuiti
- Development projects: World Bank CRAT, CMRA
- Climate risk score by address: First Street (U.S.), Continuuiti (global)
For organizations starting their climate risk journey, begin with tools offering broad hazard coverage and transparent methodology. A climate vulnerability assessment can help frame which hazards matter most for your specific operations before investing in a platform.
Frequently Asked Questions
What is a climate risk assessment tool?
A climate risk assessment tool is software that analyzes location data against climate projections to quantify exposure to physical hazards like flooding, extreme heat, drought, wildfire, and sea level rise. These tools produce hazard scores per location across different warming scenarios and time horizons, helping organizations understand which assets face the greatest climate-related risks.
How much do climate risk assessment tools cost?
Pricing spans from free to $500,000+ per year. Free tools like First Street and the World Bank CRAT provide basic screening. Mid-market tools like Continuuiti offer per-report pricing from $15 to $400. Enterprise platforms from Jupiter, MSCI, S&P, and Moody’s run $50,000 to $500,000+ annually depending on portfolio size and data requirements.
Are there free climate risk assessment tools?
Yes. First Street provides free flood, fire, heat, and wind risk scores for U.S. properties. ClimateCheck offers free basic climate risk assessments by address. The World Bank Climate and Disaster Risk Assessment tool is free for development projects. CMRA (Climate Mapping for Resilience and Adaptation) is a free U.S. federal tool. These free tools are useful for initial screening, but paid tools offer deeper analysis, broader hazard coverage, and global reach.
What is the CDRA framework?
CDRA stands for Climate and Disaster Risk Assessment. It is a structured framework, commonly used by development organizations like the World Bank, that evaluates how climate hazards and natural disasters affect projects, infrastructure, or communities. The CDRA process typically involves hazard identification, exposure analysis, vulnerability assessment, risk evaluation, and adaptation planning.
Do I need climate risk tools for TCFD or ISSB reporting?
TCFD and ISSB frameworks both recommend scenario-based climate risk assessment, which is impractical to perform manually for portfolios of any size. While you could theoretically compile data from free sources, dedicated climate risk assessment tools provide the structured, auditable output that disclosure frameworks expect. Most organizations pursuing TCFD or ISSB-aligned climate disclosure use specialized software.
How do I choose the right climate risk assessment tool?
Start with your use case and budget. For U.S. residential real estate, free tools like First Street work well. For global portfolio screening or supply chain analysis, mid-market tools like Continuuiti offer broad coverage at accessible pricing. For institutional investors needing integration with financial workflows, enterprise platforms from MSCI, S&P, or Moody’s fit best. Key criteria: hazard coverage (10-12 hazards ideal), scenario flexibility, geographic resolution, data transparency, and delivery format.
Getting Started
Climate risk assessment has moved from a specialized consulting service to an accessible software category. The range of climate risk tools available in 2026 means organizations at every scale and budget can screen locations for climate exposure without building in-house climate science teams.
For teams evaluating climate risk assessment software, match the tool to your core need. Screening a handful of properties? Start with free tools. Running portfolio-level analysis across hundreds of sites? Mid-market platforms deliver the coverage and speed. Meeting institutional reporting requirements? Enterprise solutions integrate with your existing data environment.
Continuuiti’s climate risk assessment tool provides physical risk analysis across 12 hazards, multiple scenarios, and time horizons to 2050, with results delivered in minutes.
