A company in "Climate Risk Software" specializes in developing software tools that can assess the risks associated with climate change. Such software typically offers data analysis and predictive modeling to estimate potential climate change-related impacts on various sectors such as finance, agriculture, infrastructure, and insurance. These tools help businesses and governments to make informed decisions and to formulate appropriate strategies, enabling them to minimize the risks and to prepare for the effects of climate change.

1. Climate Risk Analysis Software: This software type is used to predict the potential impact of climate change on businesses or specific industries. It typically provides insights on long-term and short-term risks, including changes in temperature, precipitation, storm severity, and sea levels.  

2. Climate Adaptation Software: This software helps businesses and governments plan for and adjust to current or expected future climate changes. It often includes scenario analysis, forecasting, decision-making tools, and plans for reducing vulnerability to climate change.  

3. Climate Mitigation Software: This type of software aids in reducing the severity of climate change by limiting the amount of greenhouse gases in the atmosphere. It often includes tools for carbon management, renewable energy integration, and energy efficiency strategies.  

4. Carbon Footprint Analysis Software: This software is specifically designed to measure the carbon footprint of a company or individual. It establishes metrics for carbon emissions and typically offers suggestions for reducing carbon footprints.  

5. Environmental, Social, and Governance (ESG) Software: While not exclusively focused on climate risk, this software often includes features to evaluate and manage climate-related risks and opportunities as a part of a broader ESG strategy.  

6. Climate Scenario Analysis Software: This software uses modeling to forecast a range of potential future climates under various scenarios. This can help governments, businesses, and other organizations plan for various possible climate change outcomes.  

7. Climate Data Management Software: These are systems that assist in the gathering, storage, and analysis of climate data for scientific research and policy making. This type of software can help in assessment of climate risks and vulnerability.  

8. Weather Risk Management Software: These solutions are used by sectors that are highly sensitive to weather conditions, like agriculture, energy, insurance, etc. They help in assessing, managing and mitigating weather-related risks.   Examples of the above can include RMS(one), CDP, SPHERA, SustainIt, and Carbonfootprint Ltd.

Climate risk software helps with decarbonization in several ways:  

1. Data Analysis and Insight: The software provides detailed data analytics that reveals the carbon footprint of various operations in an organization. With this insight, the organization can create strategies to reduce its carbon output.  

2. Compliance: Several jurisdictions have requirements for organizations to reduce their carbon emissions. Climate risk software can manage and streamline the compliance process, ensuring that an organization meets the necessary standards.  

3. Risk Assessment: The software can be used to conduct risk assessments to identify areas that pose the greatest threat in terms of carbon emissions. This can help to prioritize decarbonization efforts.  

4. Scenario Analysis: The software allows users to model different scenarios to predict and understand the potential impact of various decarbonization strategies.  

5. Reporting and Monitoring: Climate risk software makes it easier to track and report on progress in decarbonization efforts. This not only helps with internal monitoring, but also with demonstrating to stakeholders – including investors – that the organization is committed to sustainability.  

6. Decision Making: By providing detailed insights on carbon emissions and potential risks, the software can facilitate better decision making and strategic planning for decarbonization.

7. Supply Chain Management: The software can also be used to assess the carbon output of a company's supply chain, helping to identify opportunities for decarbonization within these areas.  In conclusion, climate risk software provides the tools and data necessary to understand, plan and implement effective decarbonization strategies.

Selecting a vendor for your climate risk software requires a thoughtful approach. The right vendor will not only provide a tool for measuring and managing climate-related risks, but also support your journey towards becoming a more sustainable company. Here are steps you can follow in selecting one:  

1. Establish Criteria: Prioritize what features you need in your climate risk software such as quality of data, technological sophistication, usability, ability to integrate with your existing systems, and ongoing customer support. Understand your company’s specific needs regarding climate risk management and decarbonization.  

2. Research: Conduct thorough market research to familiarize yourself with the offerings of different vendors. Online resources, including industry news, reports, and reviews, may provide useful insights.  

3. Shortlist: Based on your research, create a shortlist of potential vendors who satisfy your criteria.  

4. Request Demos: Contact the shortlisted vendors and request product demos. This can help you get a feel of the software’s functionality and usability and evaluate whether it meets your criteria.  

5. Check References: Request the vendor to provide references of clients who have used their software. Ask these references about their experiences with the software’s performance and the vendor’s customer service.  

6. Assess Vendor Capability: Review the vendor's customer service and technical support capabilities. Good support ensures that any issues you encounter will be resolved promptly.  

7. Evaluate Cost: Consider the cost of the software. Ensure the pricing model is clear and transparent. Some vendors may charge a higher upfront cost while others operate on a subscription basis.  

8. Test Data Quality: The quality of climate risk data provided by the software is critical. Check the source of their data, how often it is updated, and whether the vendor uses a recognized carbon accounting standard.  

9. Legal and Compliance Considerations: Ensure the software complies with relevant regulations in your jurisdiction and has needed certifications.  

10. Consider Sustainability: You may wish to select a vendor who is committed to sustainability themselves, reflecting a deep understanding of your goals.   Once you’ve gone through these steps, you should be in a position to make a well-informed decision.