What climate-related challenges are households and SMEs currently facing, and how does ScudoCat help them take proactive steps toward prevention and protection?
Households and SMEs are increasingly exposed to acute climate risks such as floods, landslides, and storms. Many lack access to reliable tools or expert support to understand their specific vulnerabilities or take effective action. This often results in under-preparedness, uninsured damages, and higher recovery costs.
ScudoCat addresses this gap by providing an accessible, digital platform where users can:
- Assess their climate risk based on location-specific data,
- Receive customized prevention plans, and
- Connect with verified service providers to implement risk-reduction measures.
By shifting from a reactive to a proactive model of adaptation, ScudoCat empowers users to protect their homes or businesses and reduce future losses.
Can you walk us through how the ScudoCat platform works, from climate risk assessment to unlocking insurance discounts through verified mitigation actions?
Certainly. The ScudoCat user journey unfolds in four main steps:
Climate Risk Assessment:
Users input their address and basic information. The platform analyzes local hazard exposure (e.g. flood, heat, wildfire) and asset vulnerability using geospatial and engineering models.
Customized Prevention Plan:
ScudoCat generates a tailored set of recommended interventions (e.g. flood barriers, roof insulation, backup power systems) based on the user's risk profile and property type.
Implementation with Verified Providers:
Users are matched with vetted contractors and suppliers capable of delivering the recommended measures. ScudoCat ensures technical quality and traceability.
Certification and Incentives:
Once measures are completed and verified, ScudoCat issues a Prevention Certificate, which can be submitted to insurers for premium discounts, or to banks for preferential loans.
This process creates a closed loop of climate risk reduction, financial incentive, and certified impact.
What kind of benefits do users (SMEs, households, insurers, banks) experience in terms of reduced costs, increased awareness, or improved risk resilience?
Each stakeholder in the ecosystem benefits:
1. Households & SMEs:
- Improved understanding of risk and what to do about it
- Lower insurance premiums and better access to financing
- Reduced damage costs and business interruptions
2. Insurers:
- Better portfolio risk segmentation
- Lower claims ratios due to verified mitigation
- Increased client retention through added-value services
3. Banks:
- Enhanced ESG and climate risk profiles of loan books
- Support for green credit lines and sustainable lending
- Increased customer engagement with risk-prevention tools
Overall:
ScudoCat creates a resilience dividend, less risk, lower cost, and more trust, while aligning everyone’s incentives around measurable prevention.
How does ClimateCharted support insurers and financial institutions in meeting EU Taxonomy and sustainability compliance while also reducing climate-related exposure?
ClimateCharted provides end-to-end support for banks and insurers in adapting to climate regulation and improving portfolio resilience. This includes:
- EU Taxonomy Alignment:
ScudoCat- assessments meet adaptation criteria under the EU Taxonomy, enabling institutions to label products and investments as sustainable. - Supervisory Compliance:
Through standardized reports and certification, institutions can demonstrate alignment with ECB expectations on climate risk management and client engagement. - Product Co-Design & Reporting:
ClimateCharted works with financial partners to co-design insurance and credit products, and provides business intelligence dashboards to monitor uptake, impact, and risk reduction.
The result is a practical pathway to climate compliance that delivers both regulatory and commercial value.
How do you measure the real-world impact of ScudoCat, and what have you seen in terms of return on investment or damages prevented?
ScudoCat’s impact is measured through a combination of:
- Risk Delta Analysis:
Quantifies the reduction in expected damage and financial losses before vs. after implementing prevention measures. - Cost-Benefit Metrics:
Tracks user investment vs. projected savings (e.g., avoided repair costs, reduced premiums), often yielding a positive ROI within 2–4 years. - Certificate Tracking:
Each Prevention Certificate is linked to verified actions and outcomes, creating a traceable record of adaptation impact at the asset level. - Portfolio-Level Reporting:
For insurers and banks, ClimateCharted aggregates impact data across their customer base to show portfolio resilience improvements and taxonomy-aligned volumes.
What’s next for ClimateCharted, are you expanding the platform’s reach, forming new partnerships, or launching new features?
Yes, ClimateCharted has an ambitious roadmap:
- Geographic Expansion:
ScudoCat is scaling across Europe and exploring new markets prone to climate risks, including Southern and Eastern Europe. - Partnership Growth:
ClimateCharted is deepening collaboration with major insurers, banks, and local authorities, and is actively forming partnerships with contractor networks and data providers. - Product Innovation:
Upcoming features include: - AI-driven risk simulations and dynamic plan updates
- Embedded APIs for banks and insurers to integrate ScudoCat into their digital journeys
- Policy Alignment:
The team is working closely with EU institutions and national governments to integrate certified prevention into public incentive schemes, disaster recovery policies, and tax credits.
