The Sustainability Accounting Standards Board (SASB) establishes standards to guide the disclosures of material sustainability and ESG (Environment, Social, Governance)-related information across industries. The availability of quality, comparable and decision-useful information is required to assess risks and opportunities later integrated into financial decision-making. Particularly, standardized, industry-specific climate risk metrics and topics can support these efforts. SASB’s latest climate risk technical bulletin introduces three climate-related risks that are financially material - physical, transition and regulatory risks - and maps these across industries. The main objective of this work is to create a framework that can analyze climate related risk disclosures using an AI-based tool that automatically extracts and categorizes climate-related risks and related metrics from company disclosures based on SASB’s latest climate risk guidance. This process will help with automating large-scale analysis and add much-needed transparency vis-a-vis the current state of climate-related disclosures, while also assessing how far along companies are currently disclosing information on climate risks relevant to their industry. As it stands, this much needed type of analysis is made mostly manually or using third-party metrics, often opaque and biased, as proxies. In this work, we will first create a climate risk glossary that will be trained on a large amount of climate risk text. By combining climate risk keywords in this glossary with recent advances in natural language processing (NLP), we will then be able to quantitatively and qualitatively compare climate risk information in different sectors and industries using a novel climate risk score that will be based on SASB standards.