Floodlight vs First Street
Physical climate risk analytics provider specialising in property-level flood, wildfire, heat, and wind risk assessment for real estate, insurance, and mortgage applications across the US.
Satellite-verified emissions data
Emissions figures derived from independent atmospheric satellite observations, not reported disclosures or emissions factors.
Asset-level monitoring
Emissions and risk scores tied to individual facilities, buildings, or assets - not rolled-up sector or company averages.
Both are asset-level. First Street at the property level for physical risk; Floodlight for emissions measurement.
Independent third-party verification
Data produced without reliance on issuer self-disclosure; independently reproducible and auditable by third parties.
First Street physical models are independently developed; no emissions verification.
Continuous / near-real-time monitoring
Emissions tracked on an ongoing basis with alerts for anomalies; not a once-a-year snapshot.
Global asset coverage (190+ countries)
Coverage of industrial and commercial assets worldwide, not limited to North America or Western Europe.
First Street covers US properties only.
Scope 1 direct emissions
Direct emissions from owned or controlled sources including combustion, process emissions, and fugitive releases.
Scope 3 / PCAF financed emissions
Financed emissions across lending and investment portfolios aligned with PCAF data quality scores 1-3.
Methane and fugitive emissions detection
Detection of methane leaks, venting, and flaring events often missed by factor-based inventories.
CBAM embedded emissions reporting
Facility-level embedded emissions per CN code for EU Carbon Border Adjustment Mechanism importer reporting.
Physical climate risk assessment
Asset-level exposure scores for flood, heat stress, wildfire, sea-level rise, water stress, hurricane, and other perils.
First Street has deep property-level flood and wildfire models for US real estate - a genuine strength in that niche.
Transition risk assessment
Exposure to regulatory carbon costs, stranded-asset risk, and technology disruption under decarbonisation scenarios.
Climate Value-at-Risk (Climate VaR)
Probabilistic financial loss estimate under named climate scenarios, in the same units as market and credit VaR.
NGFS Phase V scenario alignment
Stress-testing across all six NGFS Phase V reference pathways (Net Zero 2050, Below 2C, Delayed Transition, etc.).
CSRD / ESRS E1 compliance
Data mapped to CSRD ESRS E1 data-point IDs including E1-5, E1-6, and E1-9 financial-effects table.
SFDR / Principal Adverse Impact (PAI)
PAI indicators for Article 8 and 9 funds including GHG intensity, biodiversity, water, and social metrics.
Full audit trail and data provenance
Every figure traceable to satellite overpass, model version, and confidence band - reproducible by external reviewers.
REST API access
Programmatic access to all data via documented REST API with pre-trade and portfolio query modes.
Honest verdict
Where Floodlight wins
First Street is a US-focused physical risk specialist with no GHG emissions, carbon accounting, transition risk, or regulatory compliance capability. Floodlight provides the full picture - independently measured emissions alongside physical and transition climate risk - covering CSRD, PCAF, CBAM, SFDR, and NGFS scenario analytics that First Street does not address. For financial institutions operating globally, First Street's US-only geographic scope is also a significant constraint.
Where First Street wins
First Street has developed granular, property-level flood and wildfire risk models for US real estate that are used by mortgage lenders, real estate platforms, and insurance underwriters. Its publicly accessible risk scores have been widely cited and validated by academic and government researchers. For US residential mortgage portfolios and real estate investment, First Street's property-level granularity and local government regulatory integration are significant strengths.
Ready to see Floodlight in action?
Schedule a demo to learn how Floodlight can help you monitor emissions and assess climate risk with satellite-verified data.