Climate risk assessment
involves evaluating the potential impacts of climate change on an organization’s operations and assets. This process enables organizations to develop strategies to mitigate negative effects, enhance resilience, and align with regulatory requirements, ultimately supporting sustainability and climate action efforts.
Process & Approach
Framework Design and Policy Development
Determine the potential climate-related risks that could impact the organization, including physical risks (e.g., extreme weather events) and transitional risks (e.g., policy changes, market shifts).
1
Risk Analysis
Evaluate the likelihood and potential severity of identified risks, often using quantitative and qualitative methods to assess their impact on operations, assets, and financial performance.
2
Risk Evaluation
Compare the assessed risks against the organization’s risk tolerance and thresholds to prioritize which risks require immediate attention and action.
3
Risk Management and Reporting
Develop and implement strategies to mitigate identified risks, such as investing in resilience measures or adjusting business practices, and communicate the findings and actions taken to stakeholders and regulatory bodies.
4
Elements
The climate risk assessment process includes four key elements: risk identification, which determines potential climate-related risks such as extreme weather and regulatory changes; risk analysis, evaluating the likelihood and impact of these risks; risk evaluation, prioritizing risks based on the organization’s risk tolerance; and risk management and reporting, which involves developing mitigation strategies and communicating findings to stakeholders.
GC's Value Proposition
01.
Expert Assessment
We provide in-depth evaluations of your current sustainability practices and climate-related risks, leveraging industry expertise to identify gaps and opportunities for improvement.
02.
Tailored Strategies
We develop customized, actionable strategies that align with your business goals, ensuring that sustainability initiatives are not only effective but also integrated into your overall operations.
03.
Implementation Support
Our team offers hands-on assistance during the implementation phase, guiding you through the process, overcoming challenges, and ensuring successful execution of sustainability initiatives. reductions.
04.
Continuous Improvement
We establish mechanisms for ongoing monitoring and reporting, helping you track progress, refine strategies, and communicate results to stakeholders, ensuring sustained value and alignment with evolving climate goals.