The problem with climate risk is that it's often a report, not a map. For a logistics manager in Rotterdam or a procurement officer in Shenzhen, the abstract metric of a corporate ESG score is less useful than knowing which of their five key suppliers in Thailand will be underwater, literally, in a 1-in-100-year flood. Correntics, a Zurich-based startup, is trying to turn the climate report into a tactical operations manual.
Founded in 2021, the company sells a data-driven platform that models physical climate risks,floods, heat stress, storms,down to the level of individual facilities and supply chain nodes [correntics.com]. The goal is to help enterprises not just report on these risks for frameworks like CSRD and TCFD, but to actively manage business continuity. It’s a niche that sits at the intersection of climate science, insurance underwriting, and enterprise resource planning, and it’s one where a former Swiss Re specialist might feel right at home.
The Swiss Re pedigree
The company’s credibility is anchored by its co-founder and CEO, Michael Gloor. For years, Gloor was the Climate Change Lead at the Swiss Re Institute, the research arm of the global reinsurance giant [Swiss Re, 2019]. His job was to translate climate science into actuarial tables, pricing the probability of catastrophic loss. That background is the core of Correntics’s product philosophy: risk must be quantifiable in financial and operational terms. The other co-founder, Gaudenz Halter, brings the technical counterweight as CTO, with a PhD focus on data visualization at the University of Zurich. The pairing suggests a company built on a deep understanding of both the risk models and how to make them intelligible to a non-specialist.
A wedge into regulated disclosure
Correntics isn’t selling fear; it’s selling compliance and resilience. The regulatory tailwind is significant. The European Union’s Corporate Sustainability Reporting Directive (CSRD) is now in force, requiring thousands of companies to disclose detailed climate risk assessments. Similarly, the IFRS S2 climate-related disclosures mandate reporting on physical risks. This creates a concrete, budgeted need that Correntics can address. Their platform appears designed to be the engine that fills those disclosure templates with company-specific, location-aware data.
Their collaboration with Deloitte Switzerland, announced in 2025, is a clear signal of this strategy [correntics.com]. It positions Correntics as the specialized data and analytics layer that a global consultancy can embed into its own client advisory services. For a young startup, a partnership like this is often more valuable than a handful of direct logos, providing instant scale and credibility in the boardrooms Deloitte accesses.
| Founder | Role | Key Background |
|---|---|---|
| Michael Gloor | Co-Founder & CEO | Former Climate Change Lead, Swiss Re Institute [2, 3] |
| Gaudenz Halter | Co-Founder & CTO | PhD candidate in Data Visualization, University of Zurich |
The competitive landscape
On paper, Correntics is aiming at the established giants of risk analytics: Moody’s and MSCI. These firms have vast ESG and climate risk offerings, but they often operate at the portfolio level, serving investors who need to score companies. Correntics seems to be betting on a more granular, operational focus. They are selling to the enterprise operations team and the supply chain manager who needs to know not just if a company is at risk, but which specific warehouse will flood and when.
The company’s disclosed traction is modest but pointed. They list customers including Swiss energy group BKW and agribusiness Syngenta Crop Protection, suggesting early validation from large, complex organizations with tangible assets to protect [correntics.com]. With a team of about 12 people and roughly $2.6 million in total investment, including a EUR 1.5 million grant from the Eurostars program in May 2025, they are operating with the capital efficiency typical of a deep-tech startup from Zurich [9, 15].
Where the model meets reality
The bet is compelling, but the path is narrow. The risks for Correntics are not about the science, but about commercial execution and data edge.
- The data moat. The value of the platform hinges on the quality, resolution, and proprietary nature of its climate and geospatial data. If they are merely repackaging publicly available models, their differentiation evaporates. Their answer likely lies in Gloor’s reinsurance expertise, applying probabilistic loss models that go beyond simple hazard mapping.
- The sales motion. Selling a platform that requires integrating deep into a company’s supply chain data is a complex, high-touch enterprise sale. With a small team, scaling this is a formidable challenge. The Deloitte partnership is a clever end-run around building a massive direct sales force from scratch.
- The incumbent response. Moody’s and MSCI are not static. They have the capital to acquire granular data startups or build similar operational tools. Correntics’s window is to move faster and be more focused before the giants decide this niche is worth a dedicated push.
For a company of its size, the financial math is straightforward. If a typical enterprise subscription saves a multinational from a single, climate-related supply chain disruption that could cost millions, the price point becomes almost incidental. The real calculation is one of avoided cost. If Correntics can reliably quantify that a particular factory has a 20% annual probability of a flood-caused shutdown costing $5 million, then a $100,000 annual software fee looks like a very sensible insurance policy. That’s the unit economics of resilience.
Ultimately, Correntics must beat the incumbent it most resembles: the internal model built by a company like Swiss Re for its own clients. It’s not enough to be as good as the reinsurer’s toolkit; they must be better, cheaper, and more accessible for the corporate operations team that doesn’t have a treaty with the world’s largest risk carrier. The early signs,the founder’s pedigree, the Deloitte deal, the targeted customer wins,suggest they know the territory. The next twelve months will be about proving they can map it for everyone else.
Sources
- [correntics.com] Data-Driven Climate Risk Analytics & Sustainability Platform | https://www.correntics.com/
- [Crunchbase] Michael Gloor - CEO and Co-Founder @ Correntics | https://www.crunchbase.com/person/michael-gloor
- [Swiss Re, 2019] Insurance in a world of climate extremes | https://www.swissre.com/institute/research/topics-and-risk-dialogues/climate-and-natural-catastrophe-risk/insurance-world-climate-extremes.html
- [correntics.com] About Us - The Experts Behind Our Climate Risk Assessment | https://www.correntics.com/about-us/
- [correntics.com] New Correntics and Deloitte Switzerland collaboration provides a clearer view of climate risk for companies | https://www.correntics.com/new-correntics-and-deloitte-switzerland-collaboration-provides-a-clearer-view-of-climate-risk-for-companies/
- [Crunchbase] Gaudenz Halter - Co-Founder and CTO @ Correntics | https://www.crunchbase.com/person/gaudenz-halter
- [LinkedIn] Gaudenz Halter - Correntics | https://www.linkedin.com/in/gaudenz-halter-99428a93/
- [LinkedIn] Michael Gloor - Correntics | https://www.linkedin.com/in/michaelgloor/
- [Bloomberg Markets, Retrieved 2026] Michael Gloor, Bell Food Group AG: Profile and Biography | https://www.bloomberg.com/profile/person/22714274
- [Tracxn, Retrieved 2026] Correntics - 2025 Funding Rounds & List of Investors | https://tracxn.com/d/companies/correntics/__dMUFnbCrUBl8BjrxKLDN2YpYxDVJEY9Sc4fsr4drf8I/funding-and-investors