What is a Climate Risk Assessment
Climate change poses both risks and opportunities that can significantly impact an organisation’s operations, resilience, and long-term value. A Climate Risk Assessment provides a structured approach to identify, assess, and manage these risks while aligning with global reporting frameworks.
&BLOOM helps organisations understand climate-related challenges and opportunities across Governance, Risk Management, Strategy, and Metrics & Targets, ensuring regulatory compliance and strategic preparedness.
Why this matters
Regulators, investors, and stakeholders increasingly expect organisations to assess and disclose climate-related risks and opportunities. Failure to understand these risks can lead to operational disruptions, financial loss, and reputational damage.
Expert support ensures that organisations:
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Align with International Sustainability Standards Board (ISSB) and Task Force on Climate-related Financial Disclosures (TCFD) requirements.
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Identify and manage physical and transition risks across operations and supply chains.
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Integrate climate considerations into strategic planning and decision-making.
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Set measurable targets to reduce emissions, including Scope 1, 2, and 3, and track progress over time.
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Use scenario analysis to prepare for a range of climate futures, from regulatory changes to extreme weather events.
What you get
✓ A comprehensive Climate Risk Assessment report in line with global and national standards.
✓ Workshops with your team to validate findings and embed climate considerations into decision-making processes.
✓ Scenario analysis to assess potential impacts under multiple climate futures, supporting strategic planning and resilience.
✓ Measurement and reporting of Scope 1, 2, and 3 emissions, aligned with ISSB and TCFD guidance.
✓ Recommendations and actionable insights to manage climate risks, set measurable targets, and strengthen resilience.
Who is this for
Organisations seeking to comply with ISSB, TCFD, and other climate-related reporting requirements.
Businesses aiming to integrate climate risk into strategy, operations, and governance.
Boards, executives, and sustainability teams responsible for ESG disclosure and risk management.
Companies preparing for investor engagement, regulatory audits, or scenario-based resilience planning.
Where it fits in our framework
Prerequisities
Organisations will gain the most value from a Climate Risk Assessment if their team has a foundational understanding of sustainability and climate-related issues. This ensures participants can engage effectively with scenario analysis, risk evaluation, and strategic discussions. While prior ESG data is helpful, it is not essential, as &BLOOM can support data collection and gap analysis where needed. Introductory climate or ESG training can also help set the scene and provide context for why a Climate Risk Assessment is crucial.
Frequently Asked Questions
What is the difference between Climate Risk Assessment and general ESG reporting?
A Climate Risk Assessment focuses specifically on climate-related risks and opportunities, including physical, transition, and regulatory impacts, whereas ESG reporting covers the broader environmental, social, and governance spectrum.
Do we need complete emissions data to start?
No. The assessment can proceed with available information, and &BLOOM can support building the data foundation to ensure comprehensive reporting.
Which frameworks and standards are used?
Assessments are aligned with ISSB and TCFD requirements, ensuring regulatory compliance and best-practice reporting across all four key pillars.