What is climate risk & opportunity?

Climate risk is the potential negative impacts or adverse consequences that can arise from changes in the Earth’s climate and related environmental factors. These stem from the increasing concentration of greenhouse gases (GHG) in the atmosphere, primarily due to human activities such as burning fossil fuels, deforestation, and industrial processes. The resulting climate change leads to a wide range of effects on natural ecosystems, human societies and economies.

Climate change brings opportunities for those companies willing to innovate. As well as a reduction in emissions, the shift towards a low-carbon economy can bring other benefits for companies such as addressing new customer demands, strengthening reputation, and attracting and retaining new talent.

How does climate risk affect businesses?

Climate risk can profoundly affect businesses, placing them under immense financial pressure through unforeseen disruptions. As extreme weather events, regulatory changes, and shifting consumer preferences escalate, companies must adapt to protect their market share and build resilience. Anticipating systemic shifts, identifying climate opportunities, and transparently communicating strategies to investors and clients are crucial steps for businesses aiming to thrive amidst climate-related uncertainties.

How we can help with your climate risk planning

We help our clients prepare for future change with our range of bespoke services:

Upskilling – We provide workshops to organisations to empower staff to understand, manage and respond to climate-related challenges.

Climate risk & opportunity readiness check – We can provide a gap analysis of the governance, processes, strategy and measurement approach that your business takes and how it stacks up to current best practice.

Climate risk & opportunity assessment: We assess the various risks and opportunities posed by climate change and identify those that will have the most impact.

Climate risk & opportunity strategy: We develop a strategy for your business to manage and prepare for the risks and opportunities associated with climate change.

Reporting & disclosure: We work with clients to develop transparent climate risk and opportunity reporting for internal and external stakeholders.

A guide to Climate Risk & Opportunity

Climate risk is a complex and ever-evolving topic. Download our comprehensive guide to learn more about:

  • Physical risks vs transition risks
  • Implications for businesses
  • Climate risk in a UK regulatory context
  • Climate risk in a global context

A Guide to Climate Risk

How can we help you?

Would you like to learn more about how we can support your organisation in integrating climate risk planning into your net zero transition?

Related services

Net zero roadmap

Our net zero roadmaps are aligned with climate science and standards, on a full scope 1, 2 and 3 baseline.

road through green forest

Carbon pricing

We can develop your bespoke internal carbon pricing strategy incorporate the cost of carbon into investment decisions, budgeting and project planning

Energy & climate reporting

Whether it’s mandatory energy reporting like ESOS or SECR, or voluntary schemes, we guide companies through reporting their environmental impact.