#USA #New York #climate resilience #Fathom #Climate X

Climate X and Fathom: Setting a New Standard in Climate Resilience Modeling

In a groundbreaking announcement, Climate X, renowned for its award-winning climate resilience analytics, has formed a significant partnership with Fathom, a recognized authority on flood risk. This collaboration is poised to elevate the standards of climate modeling globally by integrating Fathom's cutting-edge flood risk intelligence into Climate X's innovative platforms, specifically Spectra and Adapt.

The Integration of Expertise

This integration represents the most extensive and defensible climate model stack available in the market, combining various peril analyses, including water, wind, fire, and earth hazards. The effort aims to empower organizations with rapid, data-driven decision-making capabilities regarding climate risks. Kamil Kluza, the COO and Co-founder of Climate X, emphasized the importance of this partnership, stating that it enriches their models with world-class flood intelligence, reinforcing Climate X's leading position in the climate resilience field.

As natural flooding events have surged in frequency and severity, causing significant economic disruptions globally, the need for advanced, data-led foresight has never been more pressing. Over the past five years, instances of flooding have resulted in annual global losses exceeding $100 billion in four of the five years from 2018 to 2023. The partnership between Climate X and Fathom not only addresses these urgent challenges but also provides innovative solutions that help protect value and ensure continuity across sectors.

Modeling Climate Hazards

Climate X's existing models evaluate twelve distinct physical climate hazards. These include extreme heat, tropical cyclones, landslides, and wildfires. By translating complex physical risk data into actionable insights regarding operational expenditures (OpEx), capital expenditures (CapEx), and revenue implications, Climate X equips organizations to proactively manage risk exposure and adhere to regulatory expectations.

Through their advanced modeling capabilities, institutions are empowered to craft profitable adaptation strategies using on-demand, audit-ready intelligence. The partnership will embed millions of simulated flood events into Climate X's platforms, allowing clients to perform highly granular financial loss estimations across diverse portfolios and individual locations.

Enhancing Risk Understanding

The combined model stack from Climate X and Fathom allows users to not only quantify risks but also anticipate financial impacts across a variety of plausible future climate scenarios. This comprehensive approach offers organizations a climate-driven perspective essential for navigating both current and emerging risks. Karena Vaughan, Chief Sales Officer and Head of ESG Climate Risk at Fathom, stated her excitement regarding the collaboration, highlighting how it exemplifies the power of cross-industry partnerships in advancing climate risk understanding. She emphasized that merging Fathom’s validated flood data with Climate X’s analytics would provide asset owners with precise, science-backed insights crucial for effective adaptation and investment.

As we look towards the future, the integration of Fathom’s flood risk models within Climate X's Adapt and Spectra products is set to be made available to both new and existing clients starting in early 2026. This strategic move not only cements Climate X's role as a leader in the climate adaptation and resilience space but also serves the broader mission of equipping institutions to turn climate challenges into opportunities for resilient returns.

About Climate X and Fathom

Climate X, headquartered in London and New York, empowers financial entities and real estate stakeholders to convert climate risk into sustainable returns. Their team, comprised of climate scientists and financial risk experts, is dedicated to delivering clear, decision-oriented intelligence that quantifies exposure and its financial implications, ultimately mapping a pathway to return on investment through resilience. The firm is trusted by institutions managing over $10 trillion in assets, including top-ranked banks, private equity firms, and global consultancies.

Fathom, founded in 2013, specializes in providing risk management professionals with robust tools to understand water risk's impact on climate. By merging scientific research with practical applications, Fathom enhances decision-making across sectors, including (re)insurance and public safety. The company is now part of Swiss Re, promoting resilience against climate challenges worldwide. Together, Climate X and Fathom are setting a global benchmark for how organizations de-risk their futures and unlock climate-aligned growth.