Climate Risk Management Software Compared: 6 Platforms Reviewed for 2026

The market for climate risk management software has expanded sharply, and so has the gap between what these tools promise and what they actually do. Most platforms produce risk scores, scenario analyses and disclosure-ready reports for frameworks including TCFD (the Task Force on Climate-related Financial Disclosures), IFRS S2 (the ISSB standard for climate-related financial disclosures) and CSRD (the EU Corporate Sustainability Reporting Directive). What most do not do is monitor your sites continuously, warn your team before a weather event arrives, or update your financial exposure as portfolios and conditions change. This article compares six leading platforms across both categories so you can match the right tool to your organisation's actual need.

What is climate risk management software?

Climate risk management software helps organisations identify which of their physical assets are exposed to climate hazards, quantify the financial cost of those exposures and produce the evidence required for regulatory disclosure.

The tools in this category divide into two broad groups: Climate risk assessment The first produces periodic assessments: scenario-based hazard and loss models used to populate regulatory disclosures, typically delivered as reports on an annual or fixed reporting cycle. Alerts, monitoring and adaptation The second goes further: continuous monitoring platforms that track hazard thresholds at individual sites, issue alerts before weather events arrive and update financial exposure data as portfolios and conditions change.

The right type depends on what your organisation needs the outputs to do. Sustainability and compliance officers typically need disclosure-ready outputs for regulatory frameworks. Property, facilities and operations teams need site-level data that connects to daily decisions. Organisations with large physical asset estates often need both.

Which climate risk management software platforms lead the market in 2026?

Each platform below is reviewed on the same criteria. The tools appear in order from the most established financial-sector platforms to those built for operational use.

Transparency note: SmartResilience authored this article and is one of the six platforms reviewed. We have applied the same evaluation criteria to ourselves as to every other platform, including the limitations.

1. SmartResilience

Best for: Multi-site operators and large property portfolios that need live site-level early warnings before weather events arrive, alongside audit-ready climate disclosure for IFRS S2, TCFD, CSRD or UK SRS.

SmartResilience is built for organisations that manage physical assets across multiple locations and need their climate risk data to feed operations as well as regulatory reporting. The platform combines forward-looking hazard modelling with continuous monitoring: it tracks hazard thresholds across a portfolio of sites, issues SMS and email alerts to the relevant teams before a weather event reaches a specific asset, and updates financial exposure data as portfolios and conditions change.

Sainsbury's runs SmartResilience across more than 1,000 sites and Imperial Brands deployed the platform across 50 countries and reduced the cost of climate analysis by 50%.

The platform integrates approximately 35 data sources including Ordnance Survey AddressBase UPRN data, IoT feeds, geospatial datasets and live news and social media signals. Hazard coverage includes flooding, wildfire, tropical cyclones, earthquakes, heat stress, water stress and storms. Financial exposure is quantified at site level, adaptation ROI is modelled per asset, and all outputs carry transparent data lineage so external auditors can trace every figure back to its source data and methodology.

Key capabilities:

• Live site-level alerting via SMS and email on threshold breach, confirmed independently by CIR Magazine and the Ordnance Survey case study

• Site-level financial exposure quantification translating hazard data into monetary figures per asset, updated continuously

• Adaptation ROI modelling per site, supporting investment decisions on flood defences, resilience measures and asset-level interventions

• Audit-ready regulatory outputs for IFRS S2, TCFD, CSRD, ASRS and UK SRS with transparent data lineage

• 35+ data source integrations including Ordnance Survey UPRN, IoT feeds, geospatial data, news and social media signals

Operational use: Teams receive threshold-triggered alerts at individual sites before weather events arrive, alongside operational runbooks for response. The platform also produces adaptation ROI modelling per site and the regulatory disclosure outputs required for IFRS S2, TCFD and CSRD. Outputs update continuously rather than on a fixed reporting cycle.

Limitations:

• UK-headquartered with a stronger UK case study base; international deployments exist (Imperial Brands across 50 countries) but documentation is more developed for UK operators

• The platform covers physical risk and adaptation; it does not model transition risk or nature/biodiversity risk in the way Risilience does

• Buyers should conduct direct reference checks and vendor due diligence as part of standard procurement practice

Pricing: Contact for pricing; demo available on request.

Awards: CIR Risk Management Product of the Year 2023; CIR Climate Risk Award 2025.

If you manage retail, hospitality or logistics sites and want to see how SmartResilience handles your specific hazard exposure, book a demo or use the UK Flood Risk Checker to review your site-level flood data.

2. XDI

Best for: Banks, insurers, asset managers and institutional investors that need granular, engineering-based asset-level physical risk data for regulatory stress testing and portfolio disclosure.

XDI (Cross Dependency Initiative)'s Climate Risk Engines apply engineering-based modelling across 11 hazards including riverine and surface water flood, coastal inundation, tropical cyclone wind and storm surge, extreme heat, wildfire, landslide and freeze-thaw, at resolutions down to 5 metres in higher-resolution deployments. The platform traces hazard impact to the point of failure within individual assets rather than relying on statistical hazard scores alone. Originally established as Climate Risk Pty Ltd in 2007 and formally incorporated as XDI in 2016, the platform is now part of The Climate Risk Group. In June 2026, Morningstar Sustainalytics announced a partnership with XDI and Veridion to strengthen physical climate risk data for asset managers and asset owners.

Key capabilities:

• Engineering-based asset-level modelling across 11 hazards, tracing impact to the point of failure within individual structures rather than statistical hazard scores alone

• Regulatory framework alignment with TCFD, ISSB, EU Taxonomy, CSRD and SEC climate disclosure requirements

• 2025 Global Data Centre Physical Climate Risk and Adaptation Report, analysing nearly 9,000 data centre sites worldwide, one of the largest published physical risk studies to date

• Regulatory stress-testing deployments, including an undisclosed global bank that used XDI to run Monte Carlo simulations across residential and commercial lending portfolios for a regulator-prescribed climate stress test

• Morningstar Sustainalytics partnership (announced June 2026) supplying physical risk data into Sustainalytics' asset manager and asset owner products alongside Veridion

Operational depth: XDI produces asset-level hazard and loss outputs for stress testing, portfolio due diligence and disclosure reporting. The platform does not offer a named adaptation-ROI product. Clients use XDI's exposure data as an input to their own capital planning process. It does not include real-time threshold monitoring or event-triggered alerts.

Limitations:

• A CarbonPlan 2024 benchmark study found XDI was one of only two analytics providers, of nine contacted, willing to share risk scores and documentation for independent comparison. Its scores diverged substantially from the other provider's: at 128 California locations, the two agreed on rising fire risk at only 12 percent of sites, and at 214 New York locations, they agreed on rising coastal flood risk at only 21 percent

• No named adaptation-ROI product. Adaptation guidance is general rather than a modelled CapEx or ROI output for specific interventions

• No G2, Capterra or Gartner Peer Insights reviews available; independent buyer feedback is thin

• Company structure has changed multiple times (Climate Risk Pty Ltd in 2007, incorporated as XDI in 2016, restructured under The Climate Risk Group in 2023), and headquarters location is not clearly stated on XDI's own site

Pricing: Enterprise, contact only. No public pricing is disclosed.

3. Intensel

Best for: Real estate owners, asset managers and financial institutions operating in Asia-Pacific that need site-specific flood, typhoon and wildfire exposure data with adaptation cost modelling.

Intensel, founded in Hong Kong in 2019 by Dr. Entela Benz, combines hydrology-based flood modelling, climate physics simulations for typhoons and deep learning wildfire analysis in a single platform aimed at real estate owners, asset managers and financial institutions across Asia-Pacific. The company has disclosed approximately $500,000 in funding since inception, including support from ADB Ventures, and has won recognition including the COP28 UAE Global Sustainable Finance Technology Challenge and the Hong Kong ICT Awards 2023 FinTech Award. Confirmed clients include Knight Frank, PropertyGuru, PwC, Ares Management and Hang Lung Properties.

Key capabilities:

• Climate Value at Risk (CVaR) converting flood, storm surge, wildfire and typhoon exposure into a single financial risk metric per asset

• Adaptation Adjusted Financial Analysis, modelling specific interventions such as drainage upgrades or plinth elevation and estimating loss reduction per measure

• Precise flood depth and wind speed outputs from hydrology-based flood models and climate physics-based typhoon simulations, which Intensel states are tested against real-time events at over 80 percent accuracy. No independent replication of this figure has been published

• Regional specialism, with strongest coverage in Asia-Pacific markets and expansion into Europe, the Americas and the Middle East

Operational depth: Intensel's Adaptation Adjusted Financial Analysis estimates loss reduction for specific interventions at individual assets, functioning as a planning calculator for adaptation spend. The platform does not include real-time threshold monitoring or event-triggered site alerts.

Limitations:

• Only four hazards modelled (rainfall flood, storm surge, wildfire, typhoon), narrower coverage than XDI's 11 hazards or the broader peril sets modelled by other platforms in this review

• No explicit TCFD, IFRS S2 or ISSB alignment stated on Intensel's own site, unlike every other platform in this review

• Disclosed funding is approximately $500,000 since 2019, a fraction of the funding raised by larger competitors in this review

• No G2, Capterra or Gartner Peer Insights reviews available; independent buyer feedback is thin

Pricing: Enterprise, contact only. No public pricing is disclosed.

4. S&P Global Climanomics

Best for: Pension funds, asset managers, REITs and large corporates already inside the S&P Capital IQ Pro or Sustainable1 ecosystem that need decade-by-decade financial loss outputs for TCFD and ISSB-aligned disclosure.

Climanomics was built by The Climate Service, acquired by S&P Global in 2022, and translates downscaled climate hazards into asset-level Modelled Average Annual Loss (MAAL) figures expressed both as a percentage of asset value and in absolute dollar terms. The platform covers nine hazards at approximately 25 km resolution using CMIP6 data under four SSP scenarios. TCFD alignment has been independently confirmed in published filings from PSP Investments (approximately C$44.75 billion in private-market assets under management), the UKGBC and SMBC/IBM Japan.

Key capabilities:

• MAAL outputs per hazard, per asset, per decade to the 2090s under SSP1-2.6, 2-4.5, 3-7.0 and 5-8.5

• 270+ asset types mapped across nine hazards via 1,200+ proprietary impact functions

• S&P Sustainable1 ecosystem integration connecting climate risk to Capital IQ Pro financial and sustainability data

• Municipal climate risk dataset covering 3,100+ US counties and 47,000+ GO bond issues, launched 2024

• Independently verified TCFD outputs in published filings from PSP Investments, Nuveen Real Estate, JBG Smith and others

Operational use: Teams access MAAL outputs via API and dashboard for portfolio-level monitoring and disclosure preparation. The platform is designed for periodic analytical workflows; it does not include real-time alerting, adaptation cost modelling or event-monitoring capabilities.

Limitations:

• 25 km resolution is too coarse for site-level engineering or operational decisions; competitors at 30-metre resolution actively position against this for asset-specific use cases

• No native adaptation ROI module; clients must apply their own discount rates to MAAL outputs, which the platform's own methodology documentation acknowledges

• Vulnerability functions are proprietary and have not been externally peer-reviewed

Pricing: Enterprise; annual subscription priced on number of assets. No public list price.

5. Risilience (Riise platform)

Best for: Large multinationals that need integrated physical, transition and nature-related risk scenario analysis with financial impact quantification for board-level strategy and regulatory disclosure.

Risilience is a spinout from the Cambridge Centre for Risk Studies and occupies a distinct position in this market. It is the only platform in this comparison that models physical risk, transition risk (carbon prices, policy changes, technology disruption) and nature/biodiversity risk within a single digital twin of a corporate's operations and value chain. The platform's flagship output is an EarningsValue@Risk (EV@R) metric quantifying the scenario-based financial impact of climate and transition events. Risilience has a strategic alliance with PwC UK, which channels the platform through PwC's sustainability practice. Verified clients include Reckitt, Burberry, Tesco, Nestlé, easyJet, Maersk, Coca-Cola Europacific Partners, Abrdn, AXA XL and Lidl GB.

Key capabilities:

• Integrated physical, transition and nature/biodiversity risk modelling in one digital twin; the only platform in this review covering all three

• TCFD, IFRS S2, CSRD/ESRS E1 and SEC scenario analysis alignment per Verdantix (2025)

• Decarbonisation-action ROI outputs for planning purposes, added in the 2025 platform release

• PwC UK alliance enabling deployment through a major professional services network

Operational use: Teams use the digital twin to run scenario planning and stress-test business continuity decisions across physical and transition risk pathways. The platform updates as client data changes and supports ongoing regulatory reporting cycles. It is not designed for real-time event monitoring or threshold-triggered alerting.

Limitations:

• Geospatial hazard resolution is weaker than physical-risk specialist platforms; the platform's core strength is transition risk quantification, not granular site-level physical hazard data

• Digital twin deployments require months of data integration, making Risilience unsuitable for organisations that need outputs within weeks

• No independent buyer reviews on G2, Capterra or Gartner Peer Insights; no new funding round has been announced since the February 2023 Series B

Pricing: Enterprise; contact only.

6. Moody’s Climate on Demand

Best for: Re/insurers, ILS managers and large commercial-lines carriers that need insurance-grade probabilistic catastrophe modelling with a forward climate overlay.

Moody's acquired RMS in 2021 for approximately $2 billion and combined it with the Four Twenty Seven physical risk scoring business. The result is a bundle of three distinct tools: RMS probabilistic catastrophe models for insurance pricing and capital management, Climate on Demand for facility-level physical risk scoring, and HWind for near-real-time tropical cyclone wind field tracking with 6-hour updates during active storms. The platform holds FCHLPM (Florida Commission on Hurricane Loss Projection Methodology) certification and earned the Chartis RiskTech100 top ranking for four consecutive years from 2023 to 2026.

Key capabilities:

• 400+ probabilistic catastrophe model including FCHLPM-certified NA Hurricane v25, validated against $75 billion of policy-level loss data

• HWind real-time hurricane tracking with 6-hour updates during active storms, integrated into ExposureIQ for insurer event response workflows

• Climate on Demand facility-level scores for flood, heat, hurricane, sea-level rise, water stress and wildfire under IPCC RCP scenarios

• Annualised Damage Rate per $1,000 asset value for corporate portfolio screening under climate scenarios

• Open Modeling Engine (launched June 2024) enabling third-party Oasis-based models including Fathom and JBA to run within the platform

Operational use: Re/insurers use HWind and ExposureIQ together for active storm event response, with wind field data updating every six hours during a named storm. Corporate clients use Climate on Demand for portfolio scoring and disclosure preparation; this side of the platform produces periodic outputs without real-time alerting.

Limitations:

• The platform is designed for insurance pricing and capital adequacy; applying it to corporate site-level adaptation planning requires significant additional interpretation beyond what the standard offering provides

• Major model version updates (v11, v23, v25) have historically produced industry-wide loss estimate shifts, creating volatility for clients benchmarking exposure across versions

• Verdantix (2024) places Moody's outside the Leaders' Quadrant in Climate Financial Data and Analytics for non-insurance corporate use cases

Pricing: Enterprise; mid-six to low-seven figures annually for full RMS deployments. Climate on Demand for corporate portfolios is estimated in the high five to six figures depending on portfolio size.

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How do you choose the right climate risk software for your organisation?

The most useful question is not which platform scores highest overall, but which platform type matches your primary need. Five questions narrow the field.

1. Do you manage financial portfolios or physical sites? Banks, pension funds, insurers and asset managers need scenario-based financial loss outputs for capital planning and regulatory disclosure. Climanomics and Moody's are built for these buyers. If your organisation manages physical sites, retail stores, logistics hubs, industrial facilities or commercial property, you need site-level data that connects directly to your operations.

2. Do you need continuous monitoring or periodic reporting? All six platforms in this review produce disclosure-ready outputs to varying degrees. If your primary need is TCFD or CSRD compliance and a periodic reporting cycle suits your workflow, the five assessment-focused platforms each serve that function. If you need the platform to monitor assets between reporting cycles and alert teams before events arrive, SmartResilience is the only platform in this comparison designed for that.

3. Do you carry significant transition risk exposure alongside physical risk? If your organisation faces material exposure to carbon pricing, policy change or technology disruption in addition to physical hazards, Risilience is the only platform in this comparison that models all three in a single digital twin.

4. Which regulatory frameworks apply to you? TCFD, IFRS S2 and CSRD are covered to varying degrees by every platform here. If your reporting obligations include ASRS or UK SRS, the field narrows significantly. Verify coverage for your specific framework with any vendor you shortlist, and ask to see an example output from a live filing.

5. What level of data auditability do you require? If your disclosures will face external assurance, you need to trace every figure back to its source. Ask each vendor to walk through data lineage for a specific site before you sign a contract.

SmartResilience is the platform in this comparison designed for organisations that need regulatory disclosure and operational protection from a single product. For asset portfolios with complex multi-site exposure and reporting obligations under IFRS S2, UK SRS or ASRS, it is the only reviewed platform that confirms real-time alerting, site-level financial quantification and full framework coverage in combination.

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Choosing the right platform comes down to matching its confirmed capabilities to your regulatory obligations, your portfolio structure and the level of operational protection your sites require before the next weather event or disclosure deadline.

Key takeaway: For most organisations managing physical assets, the choice is not simply which platform scores highest on hazard coverage. It is whether the platform connects climate risk data to the decisions your teams make every day: operational response, adaptation investment and regulatory reporting. Disclosure tools answer the compliance question. Operational platforms answer both.

Frequently asked questions about climate risk management software

What is climate risk management software? Climate risk management software helps organisations identify, quantify and respond to the financial risks from physical climate events including flooding, extreme heat, wildfire, drought and storms. Platforms range from scenario analysis tools producing regulatory disclosure outputs to systems that monitor assets continuously and issue warnings before weather events occur.

What is the difference between physical risk and transition risk? Physical risk covers direct financial losses from climate events: flood damage, heat-related disruption, wind damage and water stress affecting operations. Transition risk covers financial losses from the shift to a low-carbon economy: carbon pricing, regulatory change, technology disruption and shifting market conditions. Most platforms in this review focus on physical risk. Risilience is the only one in this comparison that models both in a single tool.

How does climate risk software support TCFD and IFRS S2 disclosure? TCFD and IFRS S2 both require organisations to assess and disclose the financial impact of climate risks under multiple warming scenarios. Climate risk software produces the scenario-based hazard and financial loss data needed to populate those disclosures. Platforms with transparent data lineage allow external auditors to verify the figures, which third-party assurance frameworks require in 2026.

What is the difference between a climate risk assessment and an early warning system? A climate risk assessment identifies which sites are exposed to which hazards and estimates the financial consequences of a modelled event. An early warning system monitors those sites continuously and notifies your team before a specific event arrives. Most platforms in this review produce assessments on a periodic basis. SmartResilience produces both: disclosure-ready assessment outputs and threshold-triggered site alerts. Can climate risk software model the ROI of adaptation measures? Yes, but with significant variation in approach. Intensel's Adaptation Adjusted Financial Analysis estimates CapEx and damage prevented for specific interventions such as drainage upgrades or plinth elevation. XDI does not offer a comparable named product. Its output is asset-level hazard and loss exposure data that clients feed into their own capital planning process, rather than a modelled adaptation ROI figure. SmartResilience models adaptation ROI per site connected to the live operational and financial data the platform already holds for that asset.

If you manage physical assets across multiple sites and need your climate risk data to feed both regulatory reporting and day-to-day operations, SmartResilience is built for that use case. Book a demo to see the platform applied to your portfolio, or speak to the team about your specific regulatory framework and asset profile.