Key Takeaways
- Climate X is an innovator in the AgTech sector providing climate risk-related ratings and financial impacts of extreme weather events linked to climate change.
- The startup offers location-specific risk ratings, EPC ratings for transition risk, and climate-adjusted loss estimates from the present to 2100.
- Their services cater to a diverse clientele, including financial services, real estate and large enterprises.
- The company is based in London and was founded by Kamil Kluza and Lukky Ahmed.
AgTech is witnessing another transformation in risk management thanks to the pioneering efforts of Climate X, a startup based in London. It specialises in climate risk analytics, its core service being providing climate risk ratings and financial impacts associated with extreme weather events that stem from climate change. It is rare to come across a player in the AgTech market that is as dedicated and stringent in addressing climate change impacts as Climate X.
The company was founded by Kamil Kluza and Lukky Ahmed with the purpose of driving a more climate-adaptive and resilient future for businesses and the society at large. Climate X is delivering critical information that businesses need to not only understand, but also analyse and mitigate climate change risks. With a forward-looking lens that stretches to 2100, they provide realistic estimates of potential losses under various climate emission scenarios.
What differentiates Climate X from its counterparts is its comprehensive and holistic evaluation of climate risk. They provide location-specific risk assessments, a unique approach that captures the heterogeneity of climate change impact on different regions. Moreover, their transition risk assessment, symbolized by EPC ratings, takes into account the company’s adaptation and mitigation strategies, an aspect often neglected in mainstream risk assessments.
Additionally, Climate X’s data analytics approach is both scalable and customizable. Their online platform and APIs can be tailored to meet the needs of various customer types including financial service providers, real estate firms, and large, listed enterprises. In essence, their innovative methods make climate risk quantifiable, understandable, and actionable, thereby transforming risk management in the AgTech industry.
Looking to the future, Climate X is set to rise as one of the most significant players in the AgTech space. As more companies and organisations recognise the urgent need to factor in climate risk in their business strategies, Climate X’s data-driven analytics and predictive modelling capabilities will be invaluable.
The global challenges posed by climate change are forthcoming and daunting, but with the work of startups like Climate X, businesses have the potential to not just survive but also thrive in a changing climate. Keep up to date with their latest developments by visiting their website or following them on Twitter and LinkedIn.
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