NEW YORK – September 24, 2026 -- XDI (Cross Dependency Initiative) and Veridion have launched a partnership that merges engineering-based climate risk modeling with corporate site intelligence covering roughly 600 million companies and more than two billion buildings worldwide.
XDI's climate models now draw on Veridion's global building and company database
The tie-up combines XDI's Multiple Company Intelligence (MCI) platform, which already assesses physical climate risk across more than 40,000 companies and subsidiaries, with Veridion's site-level data on operational activity, scale and status. XDI CEO Dr Karl Mallon said Veridion's data lets analysts understand what happens at each site and how critical it is to the wider business, enabling more sophisticated risk and resilience questions.
Partnership already feeds a live product for asset managers
The combined dataset is being applied in a collaboration with Morningstar Sustainalytics to further develop its physical climate risk product for asset managers and asset owners. The stated goal is converting asset-level climate hazard exposure into financially relevant insights for investment decisions.
Veridion fills location gaps where clients lack complete asset data
MCI has previously operated even when clients lacked complete asset-location information; Veridion's mapping of operating sites to corporate groups is designed to close that gap and add confidence scoring to each data point. Veridion CEO Florin Tufan said an address alone is insufficient -- understanding what happens at a site and its role in the business is required to assess a company's true risk and resilience.
Analysis covers direct damage, indirect risk and portfolio resilience
The joint approach supports assessment of direct physical damage, business disruption, selected indirect risks, and resilience across multiple sites and portfolios. The partnership was announced during Climate Week NYC, where Veridion is hosting an in-person event.