The First Street Research Library is an online repository of national risk reports and peer-reviewed research focused on environmental hazards. It provides transparent data and analysis related to climate-driven risks such as flooding, wildfire, and extreme heat. For finance professionals, this resource serves as a central hub for understanding systemic environmental vulnerabilities and their potential economic impacts.

Organisation behind the tool

The tool is developed and maintained by First Street (formerly First Street Foundation), a research and technology organisation that specialises in quantifying climate risk.

What the tool does

• Provides access to a collection of National Risk Reports covering various environmental hazards.
• Hosts peer-reviewed research papers and technical methodologies used for climate modelling.
• Offers data-driven insights into how environmental events affect physical assets and infrastructure.
• Presents findings that have been validated against real-world environmental events.

Target audience

The primary audience includes institutional investors, risk managers, real estate professionals, policymakers, and academic researchers.

Relevance to finance professionals

• Risk assessment – Professionals can use the research to gauge the physical risk exposure of property portfolios and infrastructure assets to flooding and fire.
• ESG analysis – The library provides standardised environmental metrics that can support sustainability reporting and climate-related financial disclosures.
• Investment context – Research findings help in evaluating long-term economic trends and the potential for asset devaluation due to climate change.