About CRII

There is a growing need for satellite-derived earth observation data to understand our changing climate and the risks climate change pose to our lives and businesses.

Climate Risk Index for Industry (CRII) provides access to quality assured, world-leading climate data to help study our changing climate and extreme weather events. Provides the basis of the information needed by companies to perform assessments of the risks that climate change will bring to their activities and assets and helps to shape the action that they need to take.

The UK government has announced its intention to mandate climate disclosures by large companies and financial institutions across the economy by 2025. Aside from national regulations, large companies are increasingly obliged to assess and report on their climate risks to feed into stock prices and decision-making. Additionally, as customers and investors are becoming more ‘climate aware’, they are beginning to demand higher accountability from companies.

Climate risk disclosure is picking up pace opening opportunities for satellite data in supporting Task Force on Climate-Related Financial Disclosures (TCFD) and regulatory drivers in monitoring and assessment of physical climate risks, i.e. risks to a company’s own physical infrastructure or operations, e.g. from flooding, wild fires, sea level rise and storm surges. It is expected that within the next few years geospatial technology and data will be deeply embedded in financial and risk analysis across the industry.

To embark on this journey, companies require access to climate services where they can retrieve high-quality climate information to access insights into the historical and projected trends of extreme climate for their areas of operation.

CRII tool has been developed by Telespazio UK with the support of UK Space Agency (UKSA) and Space for Climate (S4C)

The benefits of CRII climate monitoring tool includes:

• Indicators of extreme weather events derived from historical EO and climate reanalysis data.
• Climate model projections over Europe, covering the time period of 1981 to 2100.