XDI named a global leader in physical climate risk analysis by Forrester and Verdantix

London, 30 April 2025 — XDI (Cross Dependency Initiative), a global provider of physical climate risk data and analysis, has been named market leader in two of the world’s most prestigious independent evaluations of climate risk analytics — the Forrester Wave™: Climate Risk Analytics Software and Verdantix’s Smart Innovators: Physical Climate Risk Solutions.

In Forrester’s newly published Wave report, XDI is recognised as a Leader among climate risk analytics software providers. The report highlights XDI’s “granular physical risk data” and “strong financial metrics analysis,” commending the company’s specialised focus on asset-level vulnerability and supply chain risk across a wide spectrum of climate hazards, scenarios and time frames. Customer feedback cited in the report emphasised XDI’s ability to support investment decisions, maintain asset insurability, and reduce climate-induced operational downtime.

The Forrester report awarded XDI top scores for risk assessment and analysis, supply chain risk, financial impact modelling, reporting and alignment with standards.  XDI also received full points for innovation.

"XDI is continuously investing in hazard coverage and spatial resolution, and its platform offers unmatched scenario analysis and flexibility," the report states. Forrester identified XDI as especially valuable to financial institutions, utilities, and infrastructure owners seeking high-confidence physical risk analytics.

Meanwhile, Verdantix’s Smart Innovators report benchmarked 19 global vendors and awarded XDI full marks for asset-level physical risk analysis, climate scenario coverage, financial impact quantification and operational impact quantification. This score is awarded for ‘market leading functionality with comprehensive coverage and product differentiation’. Verdantix also highlighted XDI’s innovation in detailed structural vulnerability assessments, supply chain approximation tools, and its unique AdaptXDI platform for evaluating cost-benefit trade-offs of adaptation measures over time.

Across the two evaluations, XDI received full points/the highest score possible for:

1. Asset-level physical risk assessment and analysis
2. Reporting and alignment with standards
3. Financial impact modelling
4. Financial impact quantification
5. Operational impact quantification
6. Supply chain risk
7. Climate scenario coverage
8. Innovation
9. Community
10. Supporting services and offerings

“These two independent validations confirm that XDI is delivering on its intention to set the global standard for physical climate risk analysis,” said Philip Tapsall,  Head of Corporate and Finance Sector Engagement at XDI (Cross Dependency Initiative). “As climate impacts intensify and investors demand transparent risk reporting, businesses need rigorous, transparent, and decision-ready data. That’s what we constantly strive to deliver.”

With its global presence and coverage, XDI works with governments, financial institutions, utilities and asset managers to provide high-resolution risk assessments under multiple timeframes and climate scenarios.

Read the Forrester Wave™ Report:

Read report

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Read the Verdantix Smart Innovators Report:

Read report

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About XDI
XDI (Cross Dependency Initiative) is a global leader in physical climate risk data and analysis. Established in 2007, XDI is the world’s longest-standing independent specialist in physical climate risk and adaptation analytics. With clients across the UK, Europe, Asia and North America, XDI works with major banks, utilities, insurers, and governments to quantify risk, inform investment, and support climate resilience.

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Recognised as a Leader in the Forrester Wave™: Climate Risk Analytics Software 2025 and a Smart Innovator by Verdantix, XDI delivers high-resolution, decision-ready risk assessments across multiple hazards, timeframes and climate scenarios. XDI is the largest provider of physical climate risk analysis to banks globally and a trusted source of data for climate stress testing by financial regulators.

XDI is part of The Climate Risk Group.

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