First Street provides a standard for climate risk financial modeling, quantifying and communicating climate risk for properties and asset classes across the United States. The company's models calculate past, present, and future risk for real estate, infrastructure, and companies, connecting climate science with financial risk at scale. Its work is grounded in physics-based deterministic modeling and economics, with methodologies that are transparent and peer-reviewed.
The company's data is used by a range of major institutions. In the financial sector, clients include Norges Bank Investment Management, Blackstone, Bank of America, and Fifth Third. Government bodies such as Fannie Mae and the US State of Connecticut also utilize its models. Consumer-facing real estate platforms like Zillow, Redfin, Realtor.com, and Homes.com integrate its risk data.
First Street's team includes leading climate scientists and economists. The company operates primarily within the United States but generates global predictions. Its models serve industry verticals including financial institutions, real estate, infrastructure, and government.
