What is a Climate Risk Assessment?
A climate risk assessment is a structured analysis of the physical and transition risks related to climate change for a company.
Physical risks have a direct impact on physical assets, such as flood risks to assets exposed to rising sea levels or wildfire risks for assets exposed to drought areas.
Transition risks relate to changes connected to a transition towards a low-carbon economy. This includes changes in the market, policies and changes in legislation or reputational risks. Examples are increased carbon taxes or substitution of existing products and services with lower emissions options.
This comprehensive analysis helps companies understand how their assets and their business model are exposed to climate risks. With this information, companies can react proactively with risk mitigation or prepare their business model for upcoming changes. These practical insights help companies prepare to meet stakeholder expectations, protect their future value and align with ESG standards, such as VSME or CSRD.
What will you get from a climate risk assessment?
- Climate risk register for physical and transition risks: A structured inventory of your company’s most significant physical risks (like floods or heatwaves) and transition risks (such as regulatory changes, new carbon taxes, or market shifts). Each risk is clearly described, prioritized by likelihood and potential impact, and linked to specific assets, operations, or business units. This register gives you a clear, actionable overview of where your business is most vulnerable, helping you focus resources on what matters most.
- Identification of climate-related opportunities: Analysis of potential opportunities arising from climate change, such as new markets, products, or services that align with shifting consumer preferences or emerging regulations. Examples might include developing low-carbon products, tapping into green finance, or enhancing your brand by demonstrating climate leadership. This helps you not only manage risks but also spot ways to gain a competitive edge and create new value.
- Recommendations for risk mitigation roadmap: Practical, step-by-step recommendations for reducing your exposure to key risks – such as upgrading infrastructure, diversifying suppliers, or investing in new technologies. You get a clear action plan to protect your business, support investment decisions, and demonstrate proactive risk management to stakeholders.
- Reporting-ready outputs in line with VSME or ESRS: Practical, step-by-step recommendations for reducing your exposure to key risks – such as upgrading infrastructure, diversifying suppliers, or investing in new technologies. Guidance on adaptation strategies to build long-term resilience, including timelines, responsible teams, and potential costs/benefits. You get a clear action plan to protect your business, support investment decisions, and demonstrate proactive risk management to stakeholders.
Our Approach: Straightforward. Strategic. Scalable.
Whether you’re just starting your climate journey or deepening an existing ESG strategy, we meet you where you are:
Focused – we prioritize material risks and what’s most relevant to your sector
Efficient – results typically delivered in 2-4 weeks
Scalable – options for basic screening or deep-dive analysis
Whether your goal is to meet investor expectations, unlock new funding, or stay ahead of ESG regulation – a climate risk assessment is your first step.
