Climate Risk Assesment
Understand what climate change means for your business. Physically and commercially so you can act on the risks that matter, not just report on them.
Why does this matter now? UK SRS S2 and IFRS S2 (formerly TCFD) require companies to identify, assess and disclose climate-related risks and opportunities across short, medium and long-term horizons. Relevant for you if clients, regulators or frameworks are asking, or you’re already a fair way down the sustainable business track.
Beyond compliance, businesses that understand their climate exposure earliest are best placed to protect margins, meet customer expectations and secure financing.
What's involved in a climate risk assessment?
Physical risks
Extreme weather events (flooding, extreme heat, major storms and long term shifts (ambient temperature, ground water levels, sea level rise) mapped to your sites, operations and value chain using established scenarios and pathways (IPCC/NGFS, SSP/RCP).
Transition risks
Policy, regulatory, technology, market, customer behaviour and supplier behaviour changes that affect your cost base, asset values and revenue. Assessed against IEA NZE, APS and STEPS pathways as appropriate to your business to effectively stress test your business model.
Climate opportunities
Efficiency gains, new markets, product innovation, supply chain innovation and partner attraction. IFRS S2 requires disclosure of opportunities, not just risks. We make sure they are identified and commercially framed. More importantly we support you to progress the highest potential ones.
Resilience planning
Translating material risks into prioritised mitigation and adaptation actions. Across your value chain not just on your door step. So the assessment produces a management agenda that proactively addresses risks, rather than just have them sitting in a disclosure table.
Climate risk management options
Risk register & triage
A structured, customer ready climate risk register covering your most material physical and transition exposures. The minimum you need to satisfy customer, investor and regulatory expectations if you’re getting them.
- Sector relevant risk long list
- Qualitative scenario application
- Risk to your business triage (high / medium / low – materiality)
- Narrative for reporting / presentation
Scenario analysis & quantification
Full scenario analysis across at least two climate pathways for physical and transition risks, with financial impact quantification where data allows. This is the standard expected by IFRS S2 and UK SRS S2.
- Physical & transition risk modelling
- IEA + IPCC scenario alignment
- Financial exposure sizing
- Strategy & resilience narrative
Embedded climate risk management
Climate risk integrated into your wider business risk framework, with board ownership, oversight , reporting, feedback and annual refresh. Building organisational knowledge and capability over time. This is built in not bolted on.
- Business risk system integration & escalation process
- Board reporting pack design
- Key Risk dashboard & monitoring
- Annual review & refresh cycle
How we work
01
Scope & context
Understand your sector, geographies, value chain and existing risk processes
02
Risk identification
Longlist of physical and transition risks applied to your operations
03
Scenario analysis
Assess likelihood and impact across short, medium and long-term horizons using appropriate scenarios
04
Action & disclosure
Mitigation and resilience actions prioritised for material risks; outputs formatted.
Standards and pathways alignment
IFRS S2, UK SRS S2, CSRD ESRS E1, TCFD, ISO 14090, ISO 31000, IPCC SSP/RCP, IEA NZE | APS | STEPS, NGFS scenarios,