Climate Change Risk Assessment
Start your TÜV SÜD Climate Change Assessment with us today.
Recognising climate hazards
The news is full of them, reports of floods, storm damage, drought, landslides and many more occur on a global scale more and more frequent. What do these events have in common? They come as a surprise, hit unprepared assets and cause considerable damage. As weather is difficult to predict, the element of surprise remains, but good preparation can significantly reduce the extent of damage.
However, not only sudden extreme events, so-called acute climate hazards, but also chronic climate hazards, i.e. gradual climatic changes caused by global climate change, can have a negative impact on the asset in the future and should be considered now.
Now the question arises as to what exactly you should equip your asset against. A TÜV SÜD climate risk and vulnerability analysis can provide the answer. It enables you to recognise the climate risks relevant to your location and assets and take countermeasures at an early stage.
Avoid financial risks & increase reliability of availability
On the one hand, financial risks can arise from any physical damage to the asset, which for example may require repairs or impair business activities.
On the other hand, banks and business partners increasingly require such analyses to be able to assess the risk of investments. Those analyses form the basis to define measures for having a resilient business along the way and contribute to lifetime extension plans of your asset.
Climate risks in sustainability reporting
The TÜV SÜD climate risk analysis offers conformity with several regulations like EU Taxonomy, CSRD and especially for buildings, it can also be used for certification such as the DGNB certification or similar.
How we support you
How we support you
Based on location and asset-specific information, we filter out the risks that are relevant to you. We then assess their probability of occurrence and impact based on predefined criteria. We translate both into a corresponding risk value and map the risk profile of your specific project. This then gives you the opportunity to plan customised adaptation solutions and provides you or relevant stakeholders with reference points for making investment decisions.
What is included
All climate hazards listed in Annex A of the Delegated Regulation (EU) 2021/2139, which supplements the EU Taxonomy Regulation (EU) 2020/852, or in Annex A of criterion SITE1.1 of the DGNB criteria catalogue are considered.
The risk is determined for the status quo and a point in the future (up to 2100) selected by you.
The four scenarios SSP1-2.6, SSP2-4.5, SSP3-7.0 and SSP5-8.5 of the latest report from the Intergovernmental Panel on Climate Change (IPCC) are considered.
Absolute values for selected parameters are specified to be able to plan and design specific adaptation measures. Absolute values for selected parameters are specified to be able to plan and design specific adaptation measures.
Why TÜV SÜD
A standardised but not automated process. People still work here who think outside the box and are available to answer questions.
Many years of experience with risk analyses also in other areas ensure a norm-compliant approach that meets the highest standards.
The analyses are carried out by passionate experts.
Individual customer wishes can be considered.
What are the benefits
A climate risk analysis offers various advantages and is beneficial in several respects. Above all, it enables you to identify risks at an early stage so that adaptation measures can be planned and implemented in good time. In addition, investors and banks also benefit from the results, as they provide a solid basis for decision-making when financing projects.
- Identification of risks at an early stage
- Decision-making basis for investors and banks
