Climate series #4: Climate risk mapping

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What kind of risks does climate change pose to your business? From financial losses to supply chain disruptions, climate-related impacts are growing—and ignoring them could come at a cost. In this episode, we explore:

What is climate risk and how can it impact operations, finances, and product demand?
Why do organisations need to conduct a Climate Risk Assessment?
What are the steps involved in mapping climate risks?
How does this help meet reporting obligations (CSRD, TCFD) and improve stakeholder confidence?
What benefits does it offer to supply chain stability and future-proofing the business?

We wrap up the series with a call to action: Climate risk mapping isn’t just a best practice—it’s essential. Thanks for joining us. If you’ve followed along, you now have a stronger grasp on building a climate strategy, tackling Scope 3 emissions, and preparing your organisation for what’s ahead. Now is the time to take the first step of action. Explore how we can help with climate risk strategies.

Need further support? Contact us and start your climate journey now!

Welcome back everyone to the series of climate strategy. We just finalised how you go from voluntary reporting to mandatory reporting, and now it’s time for the final episode which is going to be about climate risk assessment — how are you going to map your risks in climate?

César is going to get you all around on how you really dive into that complexity.

Climate change can create negative impacts through different fronts such as financial losses due to property damage, business disruptions, increased insurance claims, changes in demand for certain products, and supply chain disruptions.

Although not all of them might happen, the likelihood of some of them actually taking place puts companies at risk. Hence, a climate risk assessment must be in place.

This long-term planning method ensures that you have visibility for the years to come based on the different scenarios as communicated by the IPCC.

In order for this to happen, your organisation must define the scope of the project and the timeline, identify variables and climate scenarios, assess exposure, vulnerability, and resilience. This includes adaptive capacity, plan how and when to adapt to minimise this risk, and moreover present and communicate this to your stakeholders.

This of course takes time and resources, but the earlier it is done, the better, as it will provide confidence to all of your stakeholders which includes customers, suppliers, and shareholders.

This shows that your organisation is prepared to face any adverse effects, both physical or transitional.

This secures an ongoing supply chain for your customers and at the same time offers some insight for your suppliers while preparing your organisation years in advance, allowing you to set financial, human, and technical resources to enhance preparedness.

In addition, it supports your compliance with both voluntary and compulsory reporting and disclosure frameworks.

Climate risk mapping is not just nice to have — it’s a must.

Thank you, César, for the whole explanation on all these complexities around climate strategy and foremost, thank you all for watching and sticking with us around how to set up a climate strategy from A to Z.

Again, now it’s time to close off the series together.

If I have one key takeaway that I want to give you, it is: please set that baseline, check that baseline, and start with that.

Thank you all for watching.

In order to close off this episode correctly, please visit our website with our climate page where you’ll find blogs, webinars, testimonials of our clients, and we will be happy to put you in contact with them to really understand where and how to start with your climate strategy.

Thank you very much.