Risk Consulting
What is Climate Risk?
When discussing climate risk, it is important to note that this refers to the potential harm that could arise due to climate change. These negative effects can be physical, like increased ocean levels, more intense weather patterns,
and longer periods of sweltering heat, or social and economic, like forced relocation of people, damage to essential structures, and a decrease in crop productivity. Climate risk is an intricate and multifaceted issue that
has a global reach, impacting people, communities, and countries alike. It is necessary for governments, businesses, and individuals to take into account climate risk and to take action to reduce their vulnerability to it and
adjust to the shifting climate.
“Climate change is the defining issue of our time and we are at a defining moment. From shifting weather patterns that threaten food production, to rising sea levels that increase the risk of catastrophic flooding, the impacts of climate change are global
in scope and unprecedented in scale. Without drastic action today, adapting to these impacts in the future will be more difficult and costly.” - United Nations Secretary-General António Guterres.
Types of Climate Risk
There are many types of climate risk that can affect different sectors and industries, as well as individuals and communities. Some examples include:
- Physical risks: These are risks that arise from the direct physical impacts of a changing climate, such as sea level rise, more frequent and severe weather events (such as hurricanes, floods, and droughts), and longer heatwaves.
- To identify vulnerabilities and opportunities: Training in climate risk can help individuals and organizations identify their vulnerabilities to climate change and identify opportunities to reduce their exposure to risk.
- To develop resilience: By understanding the risks posed by climate change, individuals and organizations can develop strategies to become more resilient to these risks. This could involve investing in infrastructure that is
more resistant to extreme weather events, for example.
- To make informed decisions: Training in climate risk can help individuals and organizations make informed decisions about how to mitigate and adapt to the impacts of climate change.
- To support sustainability: By understanding the risks posed by climate change, individuals and organizations can make decisions that support sustainability and reduce their own carbon footprint.
What we offer in Climate Risk Consulting
There are a wide range of services that we be offer in climate risk consulting. Some key services include:
- Climate risk assessment: This involves evaluating the potential impacts of a changing climate on an organization, community, or region. This can help identify vulnerabilities and opportunities, and inform the development of
adaptation and resilience strategies.
- Climate risk management: This involves developing and implementing strategies to reduce an organization's exposure to climate risk. This can include measures such as investing in infrastructure that is more resistant to extreme
weather events, or implementing risk management systems to identify and mitigate potential risks.
- Climate risk communication: This involves helping organizations communicate effectively about their climate risks and the actions they are taking to manage those risks. This can include developing messaging and communication
materials, as well as training employees on how to talk about climate risk.
- Climate risk training: This involves providing training to organizations on how to understand and manage their climate risks. This can include workshops, seminars, and other educational events, as well as more formal training
programs.
