Climate risk tools are used to assess and manage the potential impacts of climate change on various sectors such as business, finance, public health, and urban planning. These tools help in understanding vulnerabilities by providing models that predict potential impacts of various scenarios including extreme weather events, rising sea levels, and changing temperatures. They also provide detailed analyses at the asset level, offering insights into the specific susceptibilities of individual assets within a company’s portfolio. They are used by governments, businesses, and organizations to make informed decisions that mitigate risks associated with climate change, thereby ensuring sustainability and resilience in an increasingly unpredictable environmental landscape.