#News is out! GV (Google Ventures) have led our Series A funding of $18 million, accelerating our global expansion and enabling us to meet rapidly increasing demand for our industry-leading financial climate risk solutions. The oversubscribed Series A investment round is supported by our existing investors CommerzVentures, Pale blue dot, A/O, Blue Wire Capital. We’re also delighted to welcome Western Technology Investment, PT1 and Unconventional Ventures to the Climate X family. We’ve redefined the category by driving top and bottom-line growth for our financial services clients with over $6.5 trillion in combined AUM, whilst also enabling their businesses to become more resilient to the impacts of a changing climate. This is an important milestone for Climate X. We’d like to thank our investors, team and clients for continuing to support our mission. Full press release 👉 https://lnkd.in/dxUijGP4 #climatetech #startup #venturecapital #growth #tech #innovation #climatechange #sustainability #finance #realestate #pressrelease #news
Climate X
Climate Data and Analytics
Unlocking the power of climate data and analytics globally to build a better future for our planet.
About us
We help our customers, with combined >$trillions balance sheet/AUM, price and manage physical climate risks through our multi-award winning software platform and APIs. Our rapidly growing customer base includes some of the world's largest banks, asset managers and consulting groups. Learn more on our website or by contacting us via enquiries@climate-x.com today.
- Website
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https://www.climate-x.com
External link for Climate X
- Industry
- Climate Data and Analytics
- Company size
- 51-200 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2020
- Specialties
- Climate Risk Data, Climate Risk Reporting, Climate Resilience, Climate Risk Assessments, Climate Adaptation, and CSRD / EU Taxonomy
Locations
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Primary
21 Great Winchester Street
First Floor
London, EC2N 2JA, GB
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Rockefeller Center 1270 Ave of the Americas
7th Floor
New York, NY 10020, US
Employees at Climate X
Updates
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🌊 Coastlines are always changing, and so should asset management strategies! Waves, currents, and sea-level rise constantly reshape our shorelines. From daily tidal cycles to the impact of storms and earthquakes, coastal dynamics are complex and fascinating. In our latest article, we dive deep into the science behind coastal erosion and sedimentation, explore innovative adaptation measures, and discuss the challenges asset managers face in protecting valuable coastal properties. Don't miss out on this insightful read to better understand how nature's forces shape our world and the strategies to mitigate their impact. Read the full article now 👉 https://bit.ly/3LjLn7J #Coastalerosion #climatechange #climaterisk #finance #sustainability #innovation #physicalrisk
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The climate crisis is driving an exponential rise in the most extreme wildfires in key regions around the world, research has revealed. The study, published in the journal Nature Ecology & Evolution, utilising NASA satellite data, identified nearly 3,000 (0.01%) of the most extreme wildfires, ranked by daily energy release. Satellite data analysis revealed that the number of extreme fires has increased more than tenfold in temperate conifer forests, such as those in the western US and Mediterranean, over the past 20 years, and has increased sevenfold in the vast boreal forests of northern Europe and Canada. Dr Calum Cunningham said there were very significant increases in extreme wildfires in the conifer forests of the American west: “That’s concerning, because there’s a lot of people there living in very close proximity to these flammable vegetation types and that’s why we’re seeing a lot of disasters emerge.” Full article 👉 https://bit.ly/3XFLIcd #climaterisk #wildfire #unitedstates #realestate #worldwide
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#UEFAEuro2024 was hosted in Germany - but what if its iconic stadiums were impacted by extreme events related to climate change? We uncover alarming insights into Leipzig's Stadium vulnerability to climate-related hazards. From potential flooding to damaging winds, see how this stadium measures up against future threats using our physical risk platform Spectra, and explore what these risks mean for the stadium's future, its fans, and its financial stability. Read our full analysis 👉 https://bit.ly/4bCIgT9 #euro2024 #ClimateResilience #climatechange #climaterisk #finance #sustainability #innovation #physicalrisk #ClimateAction
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Data collection on climate risk and insurance in U.S. fails to improve coverage insights, resulting in data gaps. The National Association of Insurance Commissioners (NAIC) and the US Treasury Department’s Federal Insurance Office (FIO) are collaborating on data collection to address this data gap. However, due to transparency issues, the collected data might not be accessible to the public. AFR’s senior policy analyst Jessica Garcia says, “Consumers are desperate for policy change, and we can’t even get the basic data that we need in order to make the right moves and the right decisions on this as climate change worsens”. Full article 👉 https://bit.ly/4cBtJb9 #climaterisk #insurance #bank #innovation #climatechange #sustainability
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Facing drought challenges head-on! Discover how data and innovative models are shaping our response to drought. From advanced water management techniques to adaptive agriculture and efficient infrastructure, our latest article explores essential strategies to combat water scarcity. Learn how to secure a sustainable future amidst changing climates, read our article 👉 https://bit.ly/3VMCBE2 #DroughtManagement #Sustainability #ClimateChange #WaterConservation #AdaptationStrategies
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Ceres, Inc. published a research report reviewing climate risks disclosures from over 500 US insurers. Key Takeaways: • Increased Disclosures: The number of insurance groups providing disclosures has risen to 516 this year, up from 494 last year. • Reporting Areas: Among the 516 insurance groups, 94% report on risk management, 86% on strategy, 81% on governance, and 29% on metrics and targets. • TCFD Parameters: Only 26% of the groups reported across all four TCFD categories, while 44% disclosed on three out of the four. • Improvements: Year-over-year reviews show progress in integrating climate-related risk into risk management processes, identifying risks and opportunities, and reporting GHG emissions (scope 1, 2, and 3). • Challenges: Some areas, such as describing management’s role in assessing climate risks and setting targets, still need improvement. • Climate Scenario Analysis: Encouragingly, insurers are increasingly adopting climate scenario analysis to assess long-term impacts on business models and financial performance. Full Report 👉https://bit.ly/3zfC3ip #climaterisk #insurance #climatedisclosure #unitedstates
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What really defines a drought? 🌍💧 In our latest article, we explore how climate change and human actions are reshaping water scarcity. From withering crops to economic impacts, we break down the multifaceted challenges and financial toll of this global challenge in our latest article. Dive into it now 👉 https://bit.ly/4ckR2q6 #Drought #ClimateAction #ClimateChange #RiskManagement
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In a recent opinion piece, The New York Times author Jeff Goodell discusses the escalating climate risks in U.S. urban areas, emphasizing the potential for catastrophic outcomes if extreme heat and power outages coincide. The piece suggests that property markets must account for the increased risks of heatwaves, advocating for investment in resilient infrastructure and energy-efficient technologies to mitigate the impact of future climate events. Goodell emphasised: “One of the most dangerous illusions of the climate crisis is that the technology of modern life makes us invincible. Humans are smart. We have tools. Yeah, it will cost money. But we can adapt to whatever comes our way”. Full article👉 https://nyti.ms/4eHLQOv #climatecrisis #physicalrisk #climatescenario #heatwave #unitedstates
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Bank of International Settlement (BIS) and Singapore’s MAS develop platform blueprint to tackle climate risks in finance. Key Takeaways • Project Viridis explores how regulatory and climate data could be integrated to provide insights into climate-related financial risks. • The project’s report outlines a blueprint for a climate risk platform that can be used to identify, monitor and manage climate risks in the financial system. • The platform uses technology architecture developed by the BIS Innovation Hub Singapore Centre and MAS, enhanced in collaboration with other financial authorities from around the world. Maha El Dimachki says, “As the impact of climate change on the global financial landscape intensifies, the need for adaptive and forward-thinking strategies has never been more urgent." "Project Viridis helps equip financial authorities with the insights needed to integrate emerging climate risks into their analysis – and thereby help promote global financial stability”. 👉 https://bit.ly/3RLaQup #climaterisk #bank #singapore #innovation #climatechange #sustainability #finance
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