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RiskClima: A multi-level approach to predicting and mitigating climate change risks

RiskClima Tool to predict and mitigate climate risks

Introducing RiskClima, our cutting-edge platform for managing natural and transient climate change risks. RiskClima is an integrated cloud-based software solution that leverages big data, including historical and future climate projections. By integrating data from external databases and applying advanced big data analytics and artificial intelligence techniques, RiskClima generates comprehensive reports for effective management and response to a company's climate risks. Our platform is offered as a Software as a Service (SaaS), providing seamless and accessible risk management solutions.

RiskClima is an essential tool for any business aiming to develop tailored action plans to address climate change and create a robust strategy for future sustainability.
RiskClima functionality to predict and mitigate climate risks

See a detailed list of all the features and tiers of RiskClima.

  • Registry of physical and transition climate risks: A complete database/registry that identifies and records the potential physical and transition climate risks a company may face. Natural risks refer to those related to the physical impacts of climate phenomena, such as extreme weather events, sea-level rise, and temperature variations. Transition risks arise from the transition process to a low-carbon economy and global efforts for decarbonization, including policy changes, technological advancements, and changes in consumer preferences. RiskClima's registry describes in detail the severity, probability, and potential impact of each identified risk on the company's operations, assets, and financial performance.

  • Presentation of historical climate risks: Comprehensive visualization of past events, such as wildfires, floods, droughts, changes in carbon prices, and other transition risks. Companies can obtain information about the frequency, intensity, and spatial distribution of these risks over time. Historical depiction is crucial for informing and evaluating the vulnerability and resilience of areas of interest.

  • Future climate data projections: Visualization of future climate data using maps for spatial and temporal understanding of climate conditions and trends. It includes the collection of various climatological data, such as temperature, precipitation, wind speed, and others. Subsequently, this data is represented geospatially on maps using advanced mapping techniques and visualization tools. Map projections help businesses better understand the fluctuations of climate conditions in areas of interest and identify which activities are susceptible to specific climate-related risks in the near and distant future.

  • Modelling future risks: RiskClima uses forecasting techniques to predict future physical and transition climate risks that may affect a business. By using climate forecasts, scenario analysis, and other risk modelling methodologies, possible future scenarios are simulated to assess the probability and potential impact of various climate-related risks and outcomes. These models aid in predicting potential risks and evaluating various adaptation strategies.

  • Modelling opportunities: In addition to risk assessment, businesses must recognise and capitalise on opportunities arising from actions to address climate change. Therefore, RiskClima models these opportunities, including analysing climate changes, regulatory frameworks, consumer preferences, and technological advancements can create new markets, products, services, and business models.

  • Target setting: Setting goals is just the beginning of a dynamic process aimed at achieving optimal business performance in addressing risks. Once a company sets its goals, advanced artificial intelligence algorithms within RiskClima are used to monitor and analyse its progress. This process goes beyond mere observation, as AI techniques delve into vast datasets, identify patterns, and draw conclusions to predict future outcomes accurately. By leveraging AI techniques, the business examines its current performance, extrapolating trends to accurately forecast future scenarios. This data-driven approach enables the identification of vulnerabilities and opportunities, facilitating the formulation of preventive measures to address climate change.

  • Mitigation and adaptation action plans: A significant capability provided by RiskClima to a business is the development of customised strategies and action plans for mitigating and adapting to recognised physical and transition climate risks. At this level, a company can explore mitigation efforts aimed at reducing greenhouse gas emissions, minimizing environmental impacts, and promoting sustainable practices to mitigate the severity of climate change and related risks originating from it.

  • Reporting greenhouse gas (GHG) carbon footprint according to different standards: Finally, an essential feature for a platform dealing with climate change and greenhouse gases is the ability to generate reports based on various standards. Through RiskClima, a business can automatically generate a carbon footprint report and a climate risk assessment report using protocols such as the GHG Protocol (Greenhouse Gases Protocol), ISO 14064, and TCFD (Task Force on Climate-Related Financial Disclosures).

RiskClima’s multi-layered approach addresses all aspects of climate change and regulatory requirements necessary for business adaptation. This holistic framework enables each business to create tailored action plans to combat climate change and develop a more effective sustainability strategy for the future.


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