What do we mean when we talk about climate risk?
It can be difficult to conceptualize climate change as a specific risk to your organization – 2100 or even 2050 can feel far off, talk of sea levels rising by inches can sound insignificant, and the global effects are broad and complex. This tool shows changes in acute hazards such as extreme wind and flood as well as chronic stress factors like sea level rise and heat stress under multiple combinations of climate scenarios and timelines. It shows how those changes could affect your specific properties. Climate Diagnostic can advance your journey to effective climate risk management.
This model:
- Connects with our core and broader analytic platform and is part of our Climate Quantified™ offering. You can combine this risk assessment with quantification and extended climate risk analysis aligning with Task Force on Climate Related Financial Disclosure (TCFD) or other climate disclosure frameworks.
- Features a climate change atlas of climatic and exposure maps with options to view high risk areas, locate individual assets and identify relative impact of each hazard. Adapt your climate view by preferred time projection and by climate scenario to explore relative risk over time and alternate climate conditions.
- Generates reporting summaries at an aggregate level and broken out by region, time projection and by acute and chronic climate risks.
- Uses industry recognized data to project exposure for Representative Concentration Pathways (RCP) 2.6 – 8.5, scientific standard climate projection scenarios based on greenhouse gas concentration.
Climate Diagnostic delivers a multifaceted exploration of your organzation’s climate risk.
Why should you use Climate Diagnostic?
- Climate Diagnostic provides flexibility to visualize assets, risks and potential opportunities at a glance, whether at a portfolio or asset level.
- Climate Diagnostic use [industry recognized data and the gold standard in scientific projections to assess climate change and the impact upon your asset portfolio, considering multiple climate scenarios and time projections.
- Use Climate Diagnostic’s dashboard to tailor your analytics journey and navigate to interactive reporting, risk matrices and climate themed geo- visualization.
- Identify exposures that warrant a deep dive analytic engagement on the physical risks associated with climate change: catastrophe modeling or an engineering review.
- Use as in preparation for Task Force on Climate Related Financial Disclosure (TCFD), Carbon Disclosure Project (CDP) or other climate related analysis disclosure.
- Climate Diagnostic is a great entry point to our broader Climate Quantified™ offerings.
Explore your risks via our atlas of interactive maps to see climate risk projections for your locations across the globe.
For whom is it appropriate?
- Climate Diagnostic is designed for organizations with any number of locations anywhere in the world. It is suited for clients with diverse property portfolios and locations on multiple continents and also provides valuable information for our national or regional clients.
- It is appropriate for any organization preparing climate related disclosure such as Carbon Disclosure Project (CDP) or Task Force on Climate Related Financial Disclosure (TCFD).
What geographies does this tool support?
- Climate Diagnostic is a truly global tool and supports all geographies.
- It is an excellent resource for organizations in jurisdictions with current or forthcoming regulatory climate disclosure requirement.
When should you use Climate Diagnostic?
- When engaging with Sustainability, ESG, or Resilience functions within your organization.
- When engaging capital providers, investors or other outside parties concerned with the climate-related risk to your organization.
- When investing in physical infrastructure or new sites, whether new construction or acquisitions
- Use as in preparation for Task Force on Climate Related Financial Disclosure (TCFD), Carbon Disclosure Project (CDP) or other climate related analysis and disclosure.
- Climate Diagnostic is a great entry point to our broader Climate Quantified™ offerings.
What can I do with information gained from Climate Diagnostic?
- Gain greater and immediate insight into climate change.
- Visualize and prioritize key locations influenced by climate change in the mid-term and future.
- Empower future decision making and identification of potential opportunities.
- Extend existing risk understanding derived through our core risk analytics platform.
- Use as in preparation for Task Force on Climate Related Financial Disclosure (TCFD), Carbon Disclosure Project (CDP) or other climate related disclosure.
Clear risk ratings for each of your asset locations.
