Climate risk analysis: a secure foundation for your long-term success
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Our climate risk analysis solution
What are the biggest economic risks posed by climate change? And how can companies identify all the potential risks in time? Our experts will help you to conduct a climate risk analysis to determine your company’s climate risks and to take possible countermeasures.
Here you will find an overview of all the relevant basic information related to climate risk analysis.
Several EU regulations, such as the Corporate Sustainability Reporting Directive (CSRD) and the EU Taxonomy, which incorporate the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), as well as the growing demands of investors and stakeholders, are increasing the demands on corporate climate risk management. To meet these requirements and to integrate climate risks and opportunities into their risk management and corporate strategy, companies need verifiable climate risk management processes.
Identifying potential measures early on and promptly implementing these can strengthen your company's resilience to physical and transitory climate risks. Physical risks include, for example, increasingly frequent extreme weather events or rising sea levels, while transitory risks result from the transition to a low-carbon economy. The climate risk analysis serves as the basis for assessing your company’s resilience. In the coming years, this analysis will become increasingly important with regard to reporting, communication with banks and insurance companies, and with business partners in the value chain.
Our approach to implementing your climate risk analysis
Our team of experts will assist you in analysing the potential climate risks of your business sector and along your upstream and downstream supply chain – in accordance with the requirements of the EU Taxonomy, the CSRD, and the TCFD recommendations.
Our solution for implementing your climate risk analysis
Our strategy and approach:
- We are your sparring partner in determining your objects of interest as defined by the EU Taxonomy (e.g., production sites, procurement, and transport).
- We analyse your company’s short, medium, and long-term physical climate threats worldwide. Using the analysis tool of a renowned external software company, we interpret the latest climate forecasts and the climate projections of the Intergovernmental Panel on Climate Change (IPCC).
- We define and evaluate your physical climate risks based on cause-and-effect relationships.
- We use different transition scenarios to identify your company’s transitory risks and opportunities in accordance with CSRD guidelines.
- We assist you in assessing your company's adaptability and help you develop an adaptation plan.
- We prepare audit-proof documentation for you.
- We advise you on communications related to your climate risk analysis, e.g., on your website or in your company report.
How you benefit
Our experienced climate team works closely and trustfully with internal and external specialists. This enables us to optimally support you in proactively managing your assessed climate risks and determining how these will affect your business model so that you remain economically successful. In addition, we help you develop verifiable climate risk management processes within your company. For this purpose, we collaborate with a renowned external software company and other entities.
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