Top 7 Climate Risk Software of 2024

two environmental safety officers on the field checking conditions using climate risk software

Why use SafetyCulture?

Everyone is affected by changing climate conditions. All businesses, regardless of industry, , should find ways to assess their environment’s susceptibility to climate hazards so they can continue to deliver goods and services to their communities. As a highly versatile and scalable software solution, SafetyCulture enables organizations across industries to assess climate risks in real-time, even when there is little to no connectivity in the field. The information gathered can then be immediately analyzed, converted into easy-to-understand reports, and shared with stakeholders, promoting transparency and compliance.

Features:

  • Capture accurate climate data while conducting routine inspections, carbon testing, and biodiversity checks in real-time with the help of standardized but easily customizable environmental checklists from the Public Library.
  • Gain visibility into the status of climate-related issues, assign responsibilities to effectively track the progress of mitigation measures, and maintain a record of actions taken to be shared with regulators and other stakeholders.
  • Derive actionable insights from inspection data, which will be used to guide climate adaptation, resilience building, and other environmental initiatives.
  • Raise awareness among field teams about climate-related risks and their potential impact on people, assets, and operations, enhancing preparedness and response capabilities.
  • Consolidate data from multiple sources (e.g., GIS, IoT, and environmental sensors) through robust integrations.

Why use EcoAct?

A leading provider of sustainability consulting and software solutions since 2005, EcoAct helps organizations mitigate climate risks, reduce carbon footprint, and operate with the environment in mind. Large enterprises across the globe choose this platform not just because of their expertise but also due to their holistic approach to sustainability and environmental responsibility.

Features:

  • Vulnerable site identification
  • Climate scenario analysis
  • Sustainability strategy development

Why use RSA Archer?

A global leader in integrated risk management, RSA Archer offers a comprehensive ESG (Environmental, Social, and Governance) system that helps companies handle climate risks and their effects. Many organizations choose this platform because of its integration with over 100 standards, ensuring alignment between goals with global frameworks and guaranteeing compliance at every step of the process.

Features:

  • Enterprise and operational risk management
  • Regulatory and corporate compliance
  • Resilience management

Why use Mitratech?

Founded in 1987, Mitratech is a highly respected provider of legal and compliance solutions. Its ESG risk framework was specifically designed to help companies (e.g., manufacturing, healthcare, and finance) manage sustainability efforts and mitigate climate-related risks. Recently, it has been awarded the “Best Legal Operations Platform” by industry publications.

Features:

  • ESG risk assessment tools
  • Performance monitoring and reporting
  • Environmental ISO certifications

Why use Coupa?

Primarily a business spend management software, Coupa has expanded its reach and now provides ESG solutions after its merger with Ecovadis. With a comprehensive set of tools, organizations gain visibility into climate-related risks, monitor employee and supplier’s environmental performance, and drive sustainability in their operations.

Features:

  • Sustainability ratings (carbon emissions, energy, waste, etc.)
  • Actionable insights and recommendations
  • ESG communications and transparency

Why use Manifest Climate?

Designed specifically to manage climate risks, Manifest Climate helps organizations identify, assess, and mitigate observed and predicted hazards that may affect their operations and stakeholders. Because it is highly customizable and scalable, companies across organizations (e.g., finance, real estate, and insurance) choose this platform for their unique needs.

Features:

  • Risk identification, assessment, and prioritization
  • Climate risk tracker
  • Resource allocation for resilience building

Why use Adapt Ready?

Serving companies across industries globally since 2016, Adapt Ready’s risk management platform is the perfect tool for those looking to forecast climate-related events and prepare for them. With its full-featured suite, organizations can decide based on accurate data, become more proactive, and succeed as sustainable in their fields.

Features:

  • Climate risk assessment
  • Geospatial analytics
  • Insights on business interruption (such as supply chain issues, property risks, and security risks)

What is a Climate Risk Software?

A climate risk software is a highly specialized digital solution that assesses and manages risks associated with climate change, such as extreme weather events that may impact operations, endanger workers and stakeholders, and negatively affect overall business performance. This software enables organizations to adapt their ESG strategies efficiently and effectively, minimizing their vulnerabilities and enabling them to capitalize on opportunities.

Benefits

Collecting climate-related information and carefully assessing them is incredibly challenging. Because it is fraught with complexities, utilizing effective climate risk management software is the best way to speed up the process, reduce errors, and acquire accurate results. See what you can gain from leveraging technology:

  • Enhanced Risk Identification and Assessment – Organizations often struggle to zoom in on specific climate risks that affect their operations, people, and assets. \With real-time monitoring tools and analytics, companies can determine these risks remotely, prioritize areas of vulnerability, improve resilience planning, and allocate the necessary resources for proactive risk mitigation.
  • Improves Stakeholder Engagement and Communication – With functionalities like automated report generation and communication tools, companies can clearly and transparently convey environmental risk information. The commitment to engage all stakeholders fosters trust, increasing the company’s credibility in the industry and the general public.
  • Ensured Regulatory Compliance – A dedicated climate risk software facilitates compliance with environmental regulations and stringent reporting requirements, enabling companies to provide accurate and transparent data. Again, this demonstrates their commitment to sustainability and responsible stewardship.

Key Features

Numerous environmental platforms can assist companies in identifying, assessing, and managing risks that could negatively affect their operations. But most of the time, these are too broad and expensive. Utilizing a stand-alone software designed to handle specific climate risks would work just as well when it has the following:

Choosing the Right Climate Risk Software

All seven climate risk software solutions included in the shortlist can help organizations understand their exposure to climate risks and develop resilient strategies to mitigate their impact. Before making a final decision, take another look at the summary below and see which suits your needs best.

Climate Risk Software Free Version Paid Plan Mobile App
SafetyCulture Yes $24/user/month* Yes
EcoAct No Contact for pricing No
RSA Archer Suite No Contact for pricing Yes
Mitratech No Contact for pricing Yes
Coupa No Contact for pricing Yes
Manifest Climate No Contact for pricing No
Adapt Ready No Contact for pricing No

* billed annually

Eunice Arcilla Caburao
Article by

Eunice Arcilla Caburao

SafetyCulture Content Contributor
Eunice Caburao is a content contributor for SafetyCulture. A registered nurse, theater stage manager, Ultimate Frisbee athlete, and mother, she has written a wide range of topics for over a decade. Eunice draws upon her rich, multidisciplinary background to create informative articles about emerging topics on health, safety, and workplace efficiency.