450
Companies Supported on Their Journey Toward Sustainability
150
Products Designed Using LCA Methodology
Climate Risk Assessment
We help you assess and manage climate risks that may impact your business operations, thereby improving your climate resilience.
- Identify the physical and transition risks that could affect your operations and assets
- Improve Your Company’s Climate Resilience
- Meet the requirements of regulators, banks, and financial stakeholders
- We will get back to you within 24 hours
- First free online consultation
- No commitment, just a conversation
Incorporate sustainability into your business strategy, just as these clients of ours have done:
Home > Services > Environment >
Climate Risk Assessment & Consulting
Climate risk assessment is a structured assessment that helps identify the potential impacts of climate change on business operations.
This analysis helps identify both the physical risks of climate change (such as extreme weather events, heat waves, droughts, or floods) and climate transition risks, which are linked to regulatory, technological, and market changes resulting from the transition to a low-emission economy.
Understanding these risks enables companies to anticipate potential impacts on their operations, assets, and supply chain, thereby improving their climate resilience and ability to adapt to future scenarios.
When is a climate risk assessment (CSA) required?
A climate risk analysis may be required in various contexts. The most common are as follows:
Companies subject to the CSRD must assess climate risks as part of their ESG reporting. In this context, a Climate Risk and Vulnerability Assessment (CRVA) may be required, including an analysis of climate scenarios.
2. Banks and Financing: Analysis of Physical and Transition Risks Associated with Assets
More and more banks and investors are requiring climate risk analyses when financing significant physical assets, such as manufacturing facilities, logistics infrastructure, or real estate. In these cases,an analysis of the assets’ physical and transition risks is conducted to assess the investment’s exposure to the impacts of climate change.
3. Corporate Strategy and ISO 14001: Climate Resilience and Adaptation
Many companies also conduct this analysis proactively to integrate climate change into their risk management processes and improve climate resilience. This is also partof the context analysis and environmental risk management required by standards such as ISO 14001.
What are the benefits of a climate risk assessment?
Addressing climate risks in a structured manner enables companies to anticipate potential impacts and improve their ability to adapt. This offers several benefits, including:
Identifying the Physical Risks of Climate Change
Climate change increases the frequency and intensity of extreme events such as floods, heat waves, and droughts. A climate risk analysis helps identify the assets and activities most exposed to these events.
Managing Climate Transition Risks
The transition to a low-emission economy brings new risks related to regulatory, technological, and market changes. Understanding these risks enables companies to plan effective adaptation strategies.
Improving the Company's Climate Resilience
Integrating climate change into corporate risk management processes helps improve climate resilience by strengthening the organization’s ability to cope with uncertain future scenarios.
What steps does our climate risk consulting service follow?
Let’s now take a look at the steps involved in our support for Climate Risk Analysis:
1. Identification of Climate Risks
Let’s analyze the potential physical risks of climate change and the transition risks that may affect the company’s operations, taking into account the geographic context and the relevant industry.
2. Climate Risk and Vulnerability Assessment (CRVA)
We conduct an Climate Risk and Vulnerability Assessment for the organization or assets under review, identifying the areas most exposed to climate risks.
3. Analysis of Climate Scenarios
When required (for example, under the CSRD), we develop climate scenario analyses based on scientific models to assess how various climate change scenarios might affect business operations in the medium and long term.
4. Climate Adaptation and Resilience Strategies
Based on the results of the analysis, we define actions and strategies to improve the organization’s climate resilience and reduce the identified risks.
Where do we work?
We offer climate risk consulting throughout Italy and internationally, thanks in part to our joining the TÜV AUSTRIA Group.
Do you have a question?
Request a free initial consultation to assess your company’s climate risks
Do you have a question?
Request a free initial consultation to assess your company’s climate risks
Whether you have a question about our services, a general inquiry, a partnership proposal, or simply want a free initial consultation with a climate risk consultant to see how we can support you—feel free to contact us with no obligation!
One of our consultants will respond within 24 hours!
“Professionalism, passion, availability, and competence are the characteristics that identify Ollum. Under their supervision, we identified the main sources of CO2 emissions and developed effective strategies to reduce them.”
Diego Ferrante, QHSE of Gruppo Trasporti Romagna
Related Services
Frequently Asked Questions
Can Ollum help integrate climate risks into corporate risk management processes?
Ollum helps companies integrate climate risks into their risk management processes by applying the TCFD, EU Taxonomy, DNSH, and IPCC frameworks. The result isa structured analysis of physical and transition risks that can be used in dialogue with investors, banks, and stakeholders.
