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Description

Spectra, created by Climate X, is an innovative climate risk analytics tool that has received accolades for its ability to convert physical climate hazards into practical financial loss metrics at both the asset and portfolio levels. It caters to sectors like banking, real estate, and financial services, empowering organizations to evaluate the financial ramifications of climate-related incidents, thus improving their competitive edge through immediate financial impact assessments. The platform merges forward-looking climate forecasts with exclusive data on building vulnerabilities, encompassing more than 1.5 billion assets globally. Users can engage with Spectra through an intuitive web interface or an Enterprise API, ensuring easy integration into their current risk management systems. Additionally, Spectra's adaptable solution is designed to accommodate both immediate and prolonged physical risk evaluations, aligning with Model Risk Management (MRM) protocols while maintaining security through regular model assessments and compliance with ISO standards. By offering these comprehensive features, Spectra not only aids organizations in understanding their climate risk exposure but also positions them to make informed, strategic decisions in a rapidly changing environment.

Description

The EcoAct Climate Risk Tool (ECLR) serves as an all-encompassing platform for assessing and visualizing climate risks, specifically designed to analyze how 28 different climate change hazards may impact the physical locations of organizations. It allows users to delve into a range of critical factors, climate scenarios, and temporal contexts, aiding in the targeted prioritization of strategies for risk mitigation and adaptation. ECLR addresses both well-known climate threats, such as floods and heatwaves, as well as rarer risks like glacial lake outburst floods, the salinization of coastal water supplies, and the effects of ocean acidification. By adhering to prominent climate reporting standards, including the Task Force on Climate-related Financial Disclosures (TCFD) and the EU Taxonomy, this tool empowers organizations to implement forward-thinking approaches to combat climate change. Moreover, ECLR's adaptability ensures that it remains relevant as new climate data emerges, thus enhancing its utility for long-term strategic planning.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Climate X

Founded

2020

Country

United Kingdom

Website

www.climate-x.com/spectra

Vendor Details

Company Name

EcoAct

Founded

2005

Country

United Kingdom

Website

eco-act.com/service/climate-risks-tool/

Product Features

Product Features

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