What Scientific Climate Ratings does

Scientific Climate Ratings (SCR) is a France-registered climate risk ratings agency founded in June 2025 as a venture of EDHEC Business School. The company quantifies the financial materiality of physical risks (floods, storms, wildfires, heat) and transition risks (carbon costs, market demand shifts) for infrastructure assets, sovereigns, and (from 2026) listed equities. Its core technology is the ClimateMetrics platform, which combines 100+ climate damage and vulnerability models with high-resolution geospatial data (10m x 10m flood hazard maps using precise geoshape extraction) and the world's largest financial dataset for infrastructure assets inherited from sister EDHEC venture SIPAMetrics. The platform delivers a dual-rating framework: Climate Exposure Ratings (CER/PCER) on an A–G scale measuring future exposure under a continuity scenario, and Climate Risk Ratings (CRR/ECRR) expressing dollar NAV impact across probability-weighted scenarios through 2035 and 2050. Supporting products include the ClimaTech database (1,800+ decarbonisation and resilience strategies) and Sovereign Climate Risk Ratings covering 180+ countries and 3,400+ regions.

SCR generates revenue through multi-year enterprise Order Form subscriptions, invoiced annually with fees varying by delivery channel (website, API, data feed), user count, team scope, and geographic coverage. The company sells exclusively to enterprise clients — infrastructure issuers, institutional investors, banks, and public institutions — via a field sales-led GTM complemented by webinars, research publications, and partnerships with EDHEC-affiliated academic bodies and media platforms such as Risk.net. Distribution is delivered through direct website access, API, FTP/SFTP data feeds, and an authorised redistributor model. Coverage currently spans 6,000+ infrastructure assets across 25 countries and 100+ sub-sectors, with methodology aligned to NGFS, IPCC, TCFD, CSRD, IFRS S1/S2, Basel Framework, and PCAF standards.

The company is privately held under EDHEC Business School with CEO Rémy Estran-Fraioli and is positioned as the first ratings agency focused exclusively on the financial materiality of climate risk. Its near-term strategic priorities include launching listed equities coverage (4,000+ companies) in 2026, expanding geographic and regulatory reach through partnerships with the World Bank and PCAF, and deepening institutional investor adoption via co-marketing with asset managers and risk media platforms.

Name

Scientific Climate Ratings

Legal name

Scientific Climate Ratings

Website

https://scientificratings.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Scientific Climate Ratings is a France-based climate risk ratings agency founded in 2025 as an EDHEC Business School venture, providing dual physical-and-transition risk ratings for 6,000+ infrastructure assets and 180+ sovereigns, with listed equities coverage launching in 2026.

Ownership category

akta.pro rank

Product category

Climate Risk Analytics

NAICS

Environmental Consulting Services (541620), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Asset- & Location-Level Exposure/Vulnerability Analytics (Geospatial, Digital Twins, Critical Infrastructure) (EUABALAC)

akta.pro secondary industries

Climate Hazard & Catastrophe Modeling (Flood, Wind, Wildfire, Heat, Sea-Level Rise) (EUABALAA), Financial Climate Stress Testing & Portfolio Analytics (Banks, Asset Managers, Insurers) (EUABALAE), Climate Risk Reporting & Disclosure Analytics (TCFD/ISSB, EU Taxonomy, CSRD, NAIC) (EUABALAG)

Keywords

• Climate risk ratings
• Physical risk data
• Transition risk analytics
• Infrastructure climate analytics
• Sovereign climate risk

Headquarters

HQ city

Nice

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Climate Ratings Subscription: Scientific Climate Ratings provides climate risk ratings and data services to clients (infrastructure issuers, investors, banks, asset managers) under multi-year Order Form agreements. Fees are invoiced annually and based on the licensed scope of service (number of users, teams, delivery via website/API/data feed). The company was established in June 2025 as an EDHEC venture, indicating an early-stage commercial rollout.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Scientific Climate Ratings provides forward-looking, science-based climate risk ratings that quantify the financial materiality of physical risks (floods, storms, wildfires, heatwaves) and transition risks (carbon costs, market demand shifts) for infrastructure assets, sovereigns, and listed equities. Its dual-rating framework combines a Climate Exposure Rating (PCER, A–G scale under a continuity scenario) with a Climate Risk Rating (ECRR) that expresses dollar Net Asset Value impact across multiple probability-weighted climate scenarios through 2035 and 2050. Deliverables include the ClimateMetrics analytics platform, the ClimaTech database of 1,800+ decarbonisation and resilience strategies, Physical Risk Data, and Transition Risk Data, distributed via website, API, data feed, email, and authorised redistributors.

Product overview

Scientific Climate Ratings is a climate risk ratings agency offering a unified platform of products centered on its ClimateMetrics platform. The portfolio includes three core rating products: Climate Exposure Ratings (CER/PCER) measuring future climate exposure under continuity scenarios on an A-G scale, Climate Risk Ratings (CRR/ECRR) quantifying dollar impact as Net Asset Value using probability-weighted climate scenarios, and Sovereign Climate Risk Ratings covering 3,400+ regions across 191 countries. Supporting these are the ClimaTech database (the world's largest knowledge base of 103+ decarbonisation and resilience strategies), Physical Risk Data (powered by precise geoshape extractions and high-resolution hazard maps), and Transition Risk Data. The company is expanding its listed equities coverage launching in 2026 with 4,000+ companies.

Differentiator

Problem solved

Functional benefit

Brands

• ClimaTech: A comprehensive research-driven knowledge base and database of technology-based decarbonisation and resilience strategies for infrastructure assets, developed by the EDHEC Climate Institute. ClimaTech features 103 strategies covering transition (Scopes 1, 2, and 3) and physical climate risks, classifying infrastructure into eight industrial superclasses with over 1,800 evaluated applications.

Products and services

• ClimateMetrics Platform Proprietary analytics platform providing physical risk data, transition risk data, and ClimaTech intelligence for infrastructure, sovereign, and forthcoming listed equities ratings; delivered via website (scientificratings.com), API, and data feed for licensed enterprise users.
• Climate Exposure Ratings (CER) / Potential Climate Exposure Rating (PCER) A rating that reflects infrastructure companies' sensitivity to present and future climate exposure under a 'continuity' policy scenario, measuring physical damages, operational disruptions, carbon costs, and market demand shifts through 2035 and 2050. Ratings are presented on a scale from A (low exposure) to G (high exposure) and are powered by exact geoshape extractions overlaid on high-resolution hazard maps.
• Climate Risk Ratings (CRR) / Effective Climate Risk Rating (ECRR) A rating that quantifies dollar impact expressed as Net Asset Value (NAV) by weighting a range of probabilities assigned to climate scenarios, including both physical and transition pathways, through 2035 and 2050. Reflects the financial materiality of climate risks on companies' cash flows and value and is adjusted using ClimaTech to account for company-specific adaptation and decarbonisation strategies.
• Sovereign Climate Risk Ratings A rating reflecting sovereigns' exposure to present and future climate risks, derived from econometrically estimated, probability-weighted expected macroeconomic impacts. Headline ratings are published for two time horizons (2035 and 2050) across more than 3,400 regions covering 191 countries.
• ClimaTech Database The world's largest knowledge base of infrastructure decarbonisation and resilience strategies, featuring 103 strategies covering both transition (Scopes 1, 2, and 3) and physical climate risks across 101 subclasses and 8 industrial superclasses. The database includes over 1,800 evaluated applications to assess the effectiveness of companies' adaptation strategies and is used to adjust ratings for idiosyncratic company-specific strategies.

Quantifiable outcome

• Up to 50% portfolio value loss potential for most exposed infrastructure portfolios under runaway climate change physical risk scenarios (EDHEC Infrastructure & Private Assets Institute research)
• +5 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature7 records

Partnerships

Ten partnerships are on record, tiered major, flagship and core.

• Risk.netmajorGTM or Marketing Partner · 1 July 2026Risk.net hosted and sponsored SCR's July 2026 webinar on 'Addressing Mispricing in Sovereign Climate Risk Assessments', featuring SCR researchers and Amundi's Head of Climate. Risk.net is a leading source of news, analysis, and data for financial risk, regulation, and markets, serving as a key channel for reaching institutional investors.
• AmundimajorGTM or Marketing Partner · 1 July 2026Amundi, one of the world's largest asset managers, participated as a panellist in SCR's Risk.net-hosted webinar on sovereign climate risk. Amundi's Head of Climate (Responsible Investment Research & Engagement) contributed to discussing SCR's ratings methodology and investment applications.
• World BankflagshipStrategic or Co-development Partner · 1 June 2026Scientific Climate Ratings led the business case analytics for the World Bank's new report on infrastructure adaptation and resilience investments, which revealed significant returns on such investments. This collaboration underscores SCR's role as a trusted analytical partner for major multilateral development institutions.
• EDHEC Climate Institute (ECI)coreStrategic or Co-development PartnerThe EDHEC Climate Institute is the primary research engine behind Scientific Climate Ratings. ECI developed the core climate scenario framework (Scientific Climate Scenarios), the dual-rating methodology (CER/PCER, CRR/ECRR), the ClimaTech database, and the probabilistic approach for assigning likelihoods to climate scenarios. SCR was born from ECI's climate finance applied research ecosystem.
• EDHEC Business SchoolcoreStrategic or Co-development PartnerEDHEC Business School is the parent institution of Scientific Climate Ratings. SCR was established in June 2025 as part of EDHEC Business School's 2024-2028 strategic plan 'Generations 2050'. EDHEC provides the academic ecosystem, faculty, and research infrastructure underpinning SCR's methodology.
• EDHEC Infra & Private Assets Research Institute (EIPA)flagshipStrategic or Co-development PartnerEIPA conducted foundational research on infrastructure climate risks (including the 50% portfolio loss finding and $600B+ transition risk estimate) that informs SCR's value proposition. SCR's methodology builds on EIPA's financial modelling of infrastructure assets.
• Scientific Infra & Private Assets (SIPA/SIPAMetrics)flagshipStrategic or Co-development PartnerSIPAMetrics is a sister EDHEC venture that developed the Unlisted Infrastructure Universe (9,000+ assets) and the Infrastructure Company Classification Standard (TICCS). SCR leverages this foundational data as the world's largest financial dataset for infrastructure assets.
• Network for Greening the Financial System (NGFS)coreTechnology or IntegrationScientific Climate Ratings uses NGFS climate scenarios (6 core scenarios) as the foundational scenario framework for its ratings. ECI has extended NGFS scenarios with two additional pathways (Climate Destabilisation ~3.6°C and Climate Breakdown ~4.4°C). SCR's ratings are aligned with the NGFS framework adopted by central banks and financial supervisors globally.
• Partnership for Carbon Accounting Financials (PCAF)flagshipStrategic or Co-development PartnerScientific Climate Ratings' Data Quality Scores (DQS) are aligned with the PCAF reference scale for assessing the reliability and accuracy of carbon emissions data linked to financial assets. PCAF's scoring system (1–5, where 1 is highest quality) is integrated into SCR's methodology for evaluating input data quality.
• Intergovernmental Panel on Climate Change (IPCC)coreOthersSCR's methodology follows IPCC assessments and guidelines. The company uses CMIP6 climate model data endorsed by the IPCC, and its scenario framework (SSPs, RCPs) is the standard framework adopted in IPCC's Sixth Assessment Report (AR6).

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Moody's Climate Solutions (formerly Four Twenty Seven): After acquiring Four Twenty Seven, Moody's offers asset-level physical climate risk scores and transition risk analytics integrated with Moody's credit ratings — a direct analogue to SCR's dual CER/CRR approach for infrastructure and corporate assets.
• MSCI (MSCI ESG Research / MSCI Climate): MSCI provides climate risk analytics, ESG ratings, and carbon portfolio metrics to institutional investors and corporates — directly competing with SCR's physical/transition risk data and infrastructure/sovereign coverage. MSCI Carbon Delta and Climate Value-at-Risk products overlap with SCR's CRR/ECRR NAV-impact methodology.
• ISS ESG: ISS ESG provides climate impact and ESG solutions, including climate scenario analysis and physical risk data, to institutional investors — overlapping with SCR's investor segment and analytical offerings.
• Jupiter Intelligence: Jupiter Intelligence provides asset-level physical climate risk scoring (flood, wildfire, heat, hurricane) using high-resolution geospatial data — directly comparable to SCR's precise-geoshape physical risk data and Cat-model-based approach.
• S&P Global Sustainable1 (incl. Trucost): S&P Global Sustainable1 bundles Trucost carbon data, The Climate Service climate risk analytics, and S&P credit analytics — competing directly with SCR's integrated physical/transition risk and financial valuation approach for the same institutional investor and corporate buyer base.

Emerging players

• Acclimatise: Acclimatise is a specialist climate risk advisory and analytics firm focused on physical climate risk for infrastructure and adaptation planning — overlapping with SCR's infrastructure focus but smaller in scale and commercial reach.
• AXA Climate (AXA Climate Risk Research): AXA Climate provides physical climate risk analytics and adaptation services to corporates and investors, leveraging AXA's insurance heritage. An emerging peer with partial overlap to SCR's physical risk and resilience-strategy offerings.

Broad incumbents

• S&P Global Ratings (credit ratings): Major credit ratings agency increasingly incorporating climate risk into sovereign and infrastructure issuer ratings. SCR's sovereign and infrastructure climate risk ratings are adjacent to (and could be referenced by) S&P's broader credit rating decisions.
• Munich Re / RMS (Risk Management Solutions): RMS provides catastrophe risk modelling for floods, wind, and wildfires used by insurers and investors. SCR's 100+ climate damage and vulnerability models overlap with RMS-style catastrophe modelling, but RMS is the established incumbent with broad insurance industry distribution.
• Bloomberg ESG Data Services: Bloomberg provides widely distributed ESG and climate data feeds to institutional investors via the Bloomberg Terminal — a broad incumbent competitor for climate data access budgets at the same institutional buyer base SCR targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/scientific-climate-ratings

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scientific Climate Ratings