Solution: Climate Risk Analysis
Solution: Climate Risk Analysis
Climate Risk Analysis
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Climate Risk Analysis
We help you identify and manage climate risks that may impact your company’s operations, improving its climate resilience.
- Identify physical and transitional risks that may affect your activities and assets
- Improve your company’s climate resilience
- Respond to the demands of regulations, banks and financial stakeholders
Consulting for Climate Risk Analysis
Climate risk analysis is a structured assessment to identify the potential impacts of climate change on business operations.
This analysis makes it possible to identify both the physical risks of climate change (such as extreme weather events, heat waves, droughts or floods), as well as the transitional climate risks, related to regulatory, technological and market changes resulting from the transition to a low-emission economy.
Understanding these risks enables companies to anticipate potential impacts on operations, assets and the supply chain, improving their climate resilience and the ability to adapt to future scenarios.
When is a climate risk analysis required?
A climate risk analysis may be required in several contexts. The most frequent are as follows:
1. CSRD and EU Taxonomy: Climate Risk and Vulnerability Assessment (CRVA)
The companies subject to the CSRD must assess climate risks in the context of ESG reporting. In this context, a Climate Risk and Vulnerability Assessment (CRVA), including climate scenario analyses.
2. Banking and Financing: Physical and Transition Climate Risks
More and more banks and investors require climate risk analyses when financing relevant physical assets, such as production facilities, logistics infrastructure or real estate. In these cases we carry out ananalysis of physical transition climate risks, to assess the exposure of the investment to the impacts of climate change.
3. Corporate strategy and ISO 14001: climate resilience and adaptation
Many companies also develop this analysis proactively, to integrate climate change into risk management processes and improving climate resilience. This also fits in with the context analysis and environmental risk management standards such as ISO 14001.
What are the benefits of a climate risk assessment?
Addressing the issue of climate risks in a structured manner allows companies to anticipate potential impacts and improve their adaptability. This has several advantages, including:
Identifying the physical risks of climate change
Climate change increases the frequency and intensity of extreme events such as floods, heat waves or droughts. A climate risk analysis makes it possible to identify the assets and activities most exposed to these events.
Managing transition climate risks
The transition to a low-emission economy brings new risks related to regulatory, technological and market changes. Understanding these risks enables companies to plan effective adaptation strategies.
Improving the company’s climate resilience
By integrating climate change into corporate risk management processes, climate resilience can be improved, strengthening the organisation’s ability to cope with uncertain future scenarios.
What steps does the climate risk analysis follow?
Let us now see what steps our support for the Climate Risk Analysis:
1. Identification of climate risks
Analysing potentials physical risks of climate change and the transition risks that may influence the company’s activities, taking into account the geographical context and the reference sector.
2. Climate risk and vulnerability assessment
We develop a climate risk and vulnerability assessment of the analysed organisation or assets, identifying the areas of greatest exposure to climate risks.
3. Analysis of climate scenarios
When required (e.g. under the CSRD), we develop analysis of climate scenarios based on scientific models, to assess how different climate change scenarios may affect business activities in the medium and long term.
4. Adaptation strategies and climate resilience
Based on the results of the analysis, we define actions and strategies to improve the climate resilience of the organisation and reduce the risks identified.
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