DURHAM, N.C., July 21, 2020 /PRNewswire/ -- The Climate Service (TCS), a global leader in climate risk analytics, announced today the company has been named a Leader in Climate Risk Analytics in The Forrester New Wave™: Climate Risk Analytics, Q3 2020.
The report evaluates the emerging market for climate risk analytics based upon criteria such as product functionality and company strategy and scores companies independently and relative to their competitors. Forrester's evaluation states TCS "leads the pack with robust data and analytics capabilities," and "is the best fit for companies that need a complete platform for climate risk." TCS was the only vendor in the report whose platform "calculates the financial impacts of both physical climate risks and risks related to the global transition to a lower-carbon economy."
"Recognizing climate change as a threat to global stability, investors and regulators are increasingly expecting businesses to assess their climate risk. For three years, The Climate Service has served this market and scaled our Climanomics® software platform to meet increasing demand," says James McMahon, CEO of The Climate Service.
"Given the urgency of addressing climate risk and the demand for sophisticated analytics to do so, we are delighted that Forrester has chosen to research this sector, and we are honored to be recognized as a leader in our field," continued McMahon.
The report, which is focused on emerging technologies, identifies the eight most significant providers in the industry and evaluates them based on a 10-criterion survey, interviews with the companies and their clients. The results are grouped into current offering and strategy; Forrester New Wave™ also evaluates market presence.
To learn more, access The Forrester New Wave™: Climate Risk Analytics, Q3 2020 Evaluation full reporthere.
About The Climate Service
The Climate Service provides world-class climate risk modeling and analytics to investors, businesses, and governments. The Climanomics® platform was built by an unparalleled team and advisors that include four IPCC Nobel Prize-winning scientists. Key features and benefits of the Climanomics® platform include:
Empowers decision-making by putting a price on transition and physical risks and opportunities
Enables analysis and disclosure consistent with the TCFD framework
Supports strategic planning across multiple climate scenarios over a time period of 2020-2100
Helps investors and businesses manage risk, build resilience, and drive change.