July 2026 — a practical comparison of the physical-climate-risk tools SMEs actually shortlist, grouped by how you start and what you can get for free, then compared on hazards, scenarios, financial outputs and pricing.

More and more SMEs are being asked to assess their physical climate risk — by their banks, their insurers, their largest customers, and the sustainability reports they now file, often at short notice. A physical climate risk assessment means looking at your actual sites and asking two questions: which acute hazards (flood, wildfire, extreme wind, extreme precipitation) and chronic stresses (heat, drought, water stress) could hit each asset, and how that exposure changes under different climate scenarios out to mid-century and beyond.

Why conduct a Climate Risk Assessment

Why does it matter for the business itself? Because the answers are money, not paperwork. A flooded warehouse or a heat-stressed production line means damaged assets, interrupted operations and lost revenue; insurers increasingly price premiums -or withdraw cover altogether -based on a location’s hazard exposure; and knowing which of your sites actually carries the risk tells you where adaptation spending (drainage, cooling, moving stock or equipment) pays for itself and where it doesn’t.

Why do banks ask? Because your physical risk is their credit risk. A property pledged as collateral in a flood zone is worth less as security, and a business that could lose weeks of production is a weaker borrower. European banking supervisors now expect banks to assess and manage climate risk across their loan books -which is why climate questions have started appearing in loan applications and renewals, often the first place an SME meets the topic at all.

And it is now written into the reporting frameworks themselves. The EU’s CSRD/ESRS E1 asks companies to identify their exposure to physical climate hazards and assess resilience under climate scenarios; the voluntary VSME standard -the SME-sized version -asks smaller companies to describe their exposure to climate-related hazards; the EU Taxonomy’s “do no significant harm” test requires a climate risk and vulnerability assessment for an activity to qualify; and the global TCFD and ISSB (IFRS S2) frameworks make physical-risk disclosure a core expectation.

Manual and free methods vs dedicated software

Most SMEs start with one of two low-cost routes.

Public hazard maps and desk research give zero licence cost: Copernicus data, national flood portals and municipal hazard maps are all free. But you carry the whole burden — finding the right layers for each site, translating map colours into risk language, choosing scenarios, and formatting an output a bank or auditor will accept. Slow, inconsistent across sites, and hard to defend.

Free checkers — SmartResilience’s no-login Climate Risk Checker is the best example — are a genuinely useful starting point: enter an address and get a regional snapshot across flood, heat, drought and wildfire in under a minute, on two named scenarios. The limits are the point, though: the result is regional rather than asset-level, and it produces an indication rather than a formal, framework-aligned report.

Dedicated software goes a step further: the low effort of a guided tool, the climate expertise an SME lacks, scenario analysis to named IPCC pathways, a report to a recognised framework, and saved data so next year is a quick update.

Climate risk tools at a glance

Legend: ✓ = yes / included · ○ = partial, regional, or only on a paid/contracted tier · – = no / not the model · ? = not publicly confirmed. SSP = IPCC emissions scenarios · AAL/VaR = Average Annual Loss / Value at Risk · CVaR = Climate Value at Risk (an estimated financial loss per asset).

Quick picks

• Test-drive the full product right now: Yodiwo — an instant playground with every feature unlocked and sample assets pre-loaded, no credit card, no sales call; the export is a finished, board-ready TCFD/CSRD-aligned report. Pricing for your own portfolio is a short call away.
• One-off check of a single site: Munich Re Location Risk Intelligence On-Demand — instant, self-serve and backed by the world’s largest reinsurer, at €100–160 per location; you interpret the scores yourself.
• Free first glance: SmartResilience’s Climate Risk Checker — a regional snapshot in under 60 seconds, no login.
• A € figure via a sales conversation: Eoliann, AXA Climate Altitude, Correntics and CLIMADA all quantify losses in money terms — behind a demo or licence.

The best climate risk assessment software in 2026

1. Yodiwo Climate Risk Assessment

What it is — A self-serve tool that turns your asset list — addresses or GPS coordinates — into a board-ready physical climate risk report in under an hour, with no climate background needed. Part of Yodiwo’s DIY Sustainability Marketplace.

Key features

• Instant, cloud-hosted playground — explore the full tool with sample assets pre-loaded and every feature unlocked; no credit card, no IT project, no sales call to get in
• Six physical hazards that drive most SME asset exposure — extreme precipitation, extreme heat stress, flood, drought, wildfire and extreme wind — assessed per asset on peer-reviewed climate science
• Three IPCC SSP scenarios projected to 2100 in continuous five-year steps — including SSP1-1.9, the strict Paris-aligned 1.5°C pathway that most tools’ scenario menus don’t reach
• A financial number, not just a colour band: Climate Value at Risk (CVaR) per asset, alongside an A–F risk score
• A finished, board-ready export aligned to TCFD and CSRD/ESRS E1 — scored risk profiles, a scenario-analysis narrative, a methodology annex naming the data sources and models used, and an executive summary for the board
• An interactive Combined Physical Risk Dashboard: a live map of your rated assets with the YodiClima A–F rating, material-risk flagging and category-level breakdowns, viewable across scenarios, hazards and years; unlimited asset locations globally
• One login and one asset list shared with the marketplace’s other tools (Carbon Emission Calculator, VSME reporting, supplier assessment), useful for consultants and multi-entity groups

What sets it apart — Yodiwo is the only tool in this list you can actually drive before any conversation: the playground is open instantly, with every feature unlocked, so you see exactly the dashboard and the board-ready report you would be buying. It handles unlimited assets, projects in continuous five-year steps to 2100, and scales straight into Yodiwo’s EnGage platform (CSRD/ESRS, GRI, CDP, ISSB) when you outgrow self-serve, with your data carried over.

Pricing — The interactive demo is free and instant: sample assets pre-loaded, all features unlocked, no credit card. Premium access to run your own portfolio is by quote — book a call or email info@yodiwo.com; custom pricing applies for portfolios above five assets.

For an SME, consider — The tool covers physical risk only — transition risk (policy, carbon pricing, market shifts) is handled by the marketplace’s other tools rather than this one; the hazard set is the six that matter most for typical SME assets, with coastal sea-level-rise modelling not in scope today; and while the playground is instant, running your own portfolio means arranging premium access over a short call.

Best for — SMEs answering bank, insurer, customer and CSRD/VSME climate-risk requests; finance and operations teams without climate expertise; and consultants running assessments for several clients.

Take it for a test drive at playground.yodiwo.com/clima-demo — sample assets pre-loaded, every feature unlocked, no credit card. When you’re ready to run your own assets, book a call or email info@yodiwo.com.

2. Munich Re — Location Risk Intelligence On-Demand

What it is — A pay-as-you-go risk-scoring service from the world’s largest reinsurer, built on 40+ years of Munich Re natural-hazard data. Register a business account, buy credits, enter an address, and download the scores in seconds — no subscription, no demo.

Key features

• Two report editions at the same price, credits usable across both: a Climate Change Edition (risk-management focus) and a Reporting Edition (ESG focus, pre-set to EU Taxonomy physical-risk parameters)
• The Reporting Edition covers 28 hazards across four families — temperature, wind, water and solid mass, acute and chronic — on four SSP scenarios at five time snapshots (current, 2030, 2040, 2050, 2100)
• Instant results per location, downloadable as PDF, Excel or CSV; aligned to EU Taxonomy, CSRD, TCFD, ISSB and California SB 261
• Climate scores computed on a 250-metre global raster; address or coordinate input for any location worldwide

Pricing — Published credit packs from €160 per location (smallest pack: 5 locations, €800) down to €100 per location (50 locations, €5,000), excluding VAT; 48 credits per assessment.

For an SME, consider — The On-Demand tier assesses one location per query — portfolio, area and line analysis sit behind an annual platform subscription — and the output is hazard scores rather than a € loss figure or a finished narrative; you assemble the board story yourself. The smallest credit pack means the first result costs €800 up front.

Best for — A one-off, trusted-brand check of a single site; advisors and infrequent users who want instant scores without any contract.

3. SmartResilience

What it is — A UK resilience platform for organisations with many sites — reference customers include Sainsbury’s across 1,000+ locations and Imperial Brands in 50 countries — pairing forward-looking hazard modelling with live monitoring and SMS/email early-warning alerts. Its free, no-login Climate Risk Checker is the most accessible first step in this list.

Key features

• Free checker: enter an address, pick a sector, and get a regional snapshot across flood, heat, drought and wildfire in under 60 seconds, on two named scenarios (Current Policies vs Net Zero 2050)
• Full platform: asset-level quantitative scores, ~35 data-source integrations, adaptation planning ranked by return on investment, and real-time threshold alerts — the only tool here that warns your team before an event arrives
• Audit-ready outputs for IFRS S2, TCFD, CSRD, ASRS and UK SRS; API, Tableau and Power BI integration
• Fathom (Swiss Re-owned) flood data integrated from early 2026

Pricing — The checker is free. The platform is sales-led and quoted.

For an SME, consider — The free tier is a regional screening, not an asset-level assessment or a report; the full platform is scoped and priced for multi-site estates, and access to it runs through a sales conversation.

Best for — A free first look at your exposure; multi-site operators who need operational early warnings alongside disclosure.

4. Envoria — Climate Risk Assessment module

What it is — A Munich-based ESG reporting platform whose climate-risk module sits alongside CSRD, VSME, EU Taxonomy, emissions and supply-chain modules — climate risk as one part of a full compliance suite, aimed at mid-market and larger European companies.

Key features

• Risk scores for 28 hazard types, physical and transition, on IPCC SSP scenarios to a user-set year up to 2100 — with automatic short-, medium- and long-term evaluation
• Order analyses as ~45-page PDF/Excel reports without a software licence — from a single report to 10,000+ at once — or run the module inside the Envoria platform
• Risk matrix from “No Risk” to “Red Flag”, heatmaps, AI-suggested mitigation actions, and an audit-ready evidence trail with automatically assigned local data sources
• Methodology verified by a Big Four audit firm; strong governance stack (SSO, approval workflows, auditor access, German/EU hosting, 14+ interface languages)

Pricing — Not public; entry is demo-led — there is no public sign-up, free tier or trial. (A “self-onboarding option” in the brochure refers to in-product onboarding for customers, not a public trial.)

For an SME, consider — Analysis areas are selectable from 100×100 m up to 100×100 km rather than per-asset points, output is a risk matrix rather than a € loss figure, and there is no free tier or trial — the platform’s governance depth is built for organisations with compliance teams.

Best for — Companies already shopping for a full ESG suite where climate risk is one module of many — and audit-heavy environments that value the evidence trail.

5. Eoliann (Airis)

What it is — A Turin-based climate-tech company (founded 2022, backed by the European Space Agency) whose Airis platform turns Copernicus satellite data and machine learning into asset-level physical-risk analytics, with full-Europe coverage and monthly model updates.

Key features

• Riverine and coastal flooding, wildfire, wind, landslide and intense precipitation at 30-metre resolution
• Three IPCC SSP scenarios across horizons to 2050 in Airis (further in the wider suite)
• True financial outputs: Average Annual Loss and Value at Risk per position
• Handles point and linear assets — built with infrastructure networks (energy, transport, telecom) in mind — plus API and GIS exports

Pricing — Not public; entry is via a personalised demo.

For an SME, consider — The platform is oriented to infrastructure operators, insurers and banks, the published horizon in Airis runs to 2050, and there’s no self-serve sign-up or published CSRD narrative report.

Best for — Organisations with networked or linear assets that want satellite-fresh, EU-native science with financial metrics.

6. AXA Climate — Altitude

What it is — A SaaS platform from AXA Climate (part of the AXA group) that assesses climate, biodiversity and carbon exposure for corporates, infrastructure owners and private-equity investors, on AXA’s in-house climate science.

Key features

• Asset-level physical-risk indicators at 30-metre resolution, at today / 2030 / 2050, across several IPCC scenarios
• The only tool in this list covering nature natively: aligned to TCFD, TNFD, SFDR, the EU Taxonomy’s DNSH test and CSRD
• Average Annual Loss (AAL) as the core financial metric, with a Physical Climate Value-at-Risk described as in development
• +160 sectors and +50 real-asset types, with a built-in catalogue of adaptation measures

Pricing — Not public; entry is demo-led via AXA Climate’s account teams.

For an SME, consider — The reference customers are large corporates and PE/infrastructure funds, the published horizon runs to 2050, and there’s no self-serve sign-up or SME price path today.

Best for — Companies for whom biodiversity/TNFD is already on the roadmap alongside climate — and buyers who want an insurer-grade brand behind the numbers.

7. Correntics

What it is — A Zurich-based analytics platform for physical climate risk across your own operations and your multi-tier supply chain — focused on business interruption and operational resilience rather than portfolio loss.

Key features

• 50+ climate indicators, acute and chronic, mapped to your sites, suppliers and even transport routes
• Warming-level scenarios — 1.5°C, 2°C and 4°C — across multiple horizons
• Quantified business-interruption and asset-damage risk, with automatically generated per-location reports and customisable templates
• Fathom global flood data integrated; aligned to TCFD, CSRD, EU Taxonomy and IFRS S2; available via Microsoft AppSource and consulting partners (including Deloitte Switzerland)

Pricing — Subscription plans on request; not public.

For an SME, consider — The distinctive strength is supplier and logistics exposure rather than a disclosure report for your own sites, and entry runs through a demo or a consulting partner.

Best for — Companies whose real question is “which suppliers and routes are exposed?” — and advisors running value-chain risk work for clients.

8. CLIMADA Technologies — delta-climate

What it is — An ETH Zurich spin-out commercialising the open-source CLIMADA model — the most transparent methodology in this list — as delta-climate, a SaaS/data service for asset- and portfolio-level physical risk.

Key features

• Acute and chronic hazards across temperature, wind and water families on CMIP6-based science, fully open and auditable
• Financial outputs: average annual loss plus extreme “tail” losses at chosen return periods
• From a few assets to millions, via upload/download workflows and an API; CSRD and EU-Taxonomy-aligned outputs
• The underlying open-source framework is free under GPL-3 for teams with Python skills

Pricing — Not public for the SaaS; the open-source core is free but is a developer tool, not a reporting app.

For an SME, consider — The commercial platform is login-gated and aimed at financial institutions and larger corporates, and the free route requires in-house coding capacity; neither path ends in a ready-made narrative report.

Best for — Organisations that prize methodological transparency above all — and technical teams happy to build on an open scientific core.

How to choose

Four questions filter the list quickly:

• Can you see it working today, without a sales call? Most climate-risk platforms won’t show you anything before a demo meeting. A tool you can open and use right now — Yodiwo’s full-feature playground, Munich Re On-Demand (instant, but paid), or SmartResilience’s free checker for a first glance — is the difference between deciding this week and next quarter.
• Do you need a € figure or a risk score? A CFO, lender or board responds to money. Among the self-serve options, only Yodiwo returns a financial figure (CVaR per asset); Munich Re’s scores and Envoria’s risk matrix leave the translation to you. The demo-led tools (Eoliann, AXA Altitude, Correntics, CLIMADA) do quantify losses — behind a sales conversation.
• One site or your whole asset list? Munich Re On-Demand prices and runs per single location — fine for one site, expensive and manual for a portfolio. If you have an asset list, a tool that takes it in one go and keeps it for next year saves the most time.
• Who needs the output, and to which framework? “Aligned” should always name a framework. Bank questionnaires and CSRD/VSME climate sections reward a report aligned to TCFD and CSRD/ESRS E1; some tools here produce data files or dashboards rather than a finished report, which means budgeting your own time — or an advisor’s — to write the narrative.

For an SME that needs an asset-level answer to a recognised framework quickly, wants a financial figure a lender or board can use, and would rather see the tool working today than book a demo for next week, a tool you can open instantly — asset-level, scenario-based to named IPCC pathways, and ending in a board-ready TCFD/CSRD report — is the most efficient fit.