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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

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

SmartResilience serves as a cloud-based platform designed for climate risk management, catering to the needs of sustainability, compliance, risk, and operations teams overseeing businesses and asset portfolios with multiple locations. The platform evaluates various physical hazards such as floods, heatwaves, winds, droughts, and surface water conditions by mapping these risks to specific locations, subsequently generating hazard scores and assessing financial vulnerabilities across different climate scenarios both now and in the future. With the ability to analyze annualized losses per site, model costs associated with rare events, and evaluate adaptation strategies based on their return on investment, teams can create outputs tailored for disclosure purposes. Additionally, SmartResilience features continuous monitoring that delivers site-specific weather alerts, keeps track of incidents and responses, and offers portfolio overviews, enabling teams to prioritize risk mitigation efforts, assess new locations, engage in discussions with insurers, and strategize resilience investments. Furthermore, a complimentary checker tool provides a quick regional assessment, while the premium version of the platform is noted for delivering in-depth asset-level analysis, ongoing monitoring, and comprehensive planning resources for users. This dual approach empowers organizations to effectively manage their climate-related risks and enhance their overall sustainability strategies.

API Access

Has API Yes 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

No images available

Integrations

Microsoft Power BI Yes 
Ordnance Survey No 
Tableau Yes 

Integrations

Microsoft Power BI No 
Ordnance Survey Yes 
Tableau No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

Enterprise pricing is available on request.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Climate X

Founded

2020

Country

United Kingdom

Website

www.climate-x.com/spectra

Vendor Details

Company Name

SmartResilience

Founded

2019

Country

United Kingdom

Website

www.smartresilience.com

Product Features

Risk Management

Alerts/Notifications No 
Auditing No 
Business Process Control No 
Compliance Management No 
Corrective Actions (CAPA) No 
Dashboard No 
Exceptions Management No 
IT Risk Management No 
Internal Controls Management No 
Legal Risk Management No 
Mobile Access No 
Operational Risk Management No 
Predictive Analytics No 
Reputation Risk Management No 
Response Management No 
Risk Assessment No 

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