Most institutions today have access to some form of climate hazard data. They know which regions are exposed to flooding, which coastlines face storm surge, which areas are in the path of tropical cyclones. A financially meaningful answer to a more fundamental question is harder to come by: what does that exposure actually mean for the companies in their portfolio?

That gap is a structural blind spot. A corporate lender working without company-level data cannot quantify what flood exposure means for a borrower's financial resilience. An asset manager has no consistent metric to compare physical risk across issuers. An ESG team under CSRD, TCFD, or EBA guidelines finds itself stuck in qualitative narratives, because the data simply does not exist at company level.

The result: climate risk stays in the sustainability report, separated from the credit decision, the portfolio review, the risk committee discussion. It remains a topic, rather than an input.

Climate risk has traditionally been assessed at the location level: a site, a building, a coordinate on a map. That works for property insurance or site selection. Banks, investors, and corporates face a different question: how exposed is this company, across all its offices and production assets, and what does that mean financially?

Answering that requires a lens that aggregates physical hazard exposure across a company's operational footprint and expresses it in financial terms – as a metric that connects to expected losses and to earnings. Munich Re's Location Risk Intelligence has provided the location-level foundation for years. The Company Climate Risk Edition takes that intelligence to company level, translating physical climate risk into financially meaningful metrics for individual companies and entire portfolios.