{"id":6389,"date":"2020-01-14T18:45:59","date_gmt":"2020-01-14T18:45:59","guid":{"rendered":"https:\/\/clearsum.com\/?page_id=6389"},"modified":"2021-08-10T11:27:05","modified_gmt":"2021-08-10T15:27:05","slug":"climate-strategy","status":"publish","type":"page","link":"https:\/\/clearsum.com\/en\/climate-strategy\/","title":{"rendered":"Climate-related strategy services"},"content":{"rendered":"

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Climate risk assessment, resilience, scenario planning and analysis<\/span><\/h2>[vc_column_text]When upper management needs to determine if a portfolio of capital projects will be affected by climate risks, or when your chief financial, strategy and\/or risk officers need to better understand how these risks can be mitigated, we can help enhance your team\u2019s understanding of climate risks and impacts. Our advisors can nudge your group forward, improve your company\u2019s climate-readiness, and help you gain a clearer sightline on potential opportunities.<\/p>\n

Collaboratively, we raise awareness, assess risks, and develop mitigation strategies. Whether you choose to include risk assessment, climate-resilience, and scenario planning in your journey to build a Climate-Ready Business Foundation, or whether you are seeking expert guidance limited to meeting the TCFD\u2019s recommendations, we are committed to supporting you and your team reach your goals.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″ tablet_width=”1″ css=”.vc_custom_1628609218563{background-image: url(https:\/\/clearsum.com\/wp-content\/uploads\/2021\/08\/cs_image_1920x1440_13_lr.jpg?id=7416) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_empty_space height=”720″ el_class=”image-column”][\/vc_column][\/vc_row][vc_row section_type=”fullwidth-element” bg_type=”color” margin_bottom=”0″ el_class=”row-services-accordions”][vc_column width=”1\/2″ tablet_width=”1″ css=”.vc_custom_1585939889281{padding-top: 9% !important;padding-right: 5% !important;padding-bottom: 9% !important;padding-left: 5% !important;background-color: #4f868e !important;}” el_id=”climate-resilience-planning” el_class=”section services-accordion services-accordion-bg-blue”]

Climate risk assessment and resilience planning<\/span><\/h2>[vc_column_text el_class=”color-white”]Pressure is mounting to position corporations to face climate change risks and capitalize on opportunities. Boards, investors, credit rating agencies, insurers and external stakeholders are increasingly thirsty for climate risk management. This requires companies to assess what climate change could mean to their business operations, supply chain, real assets and human resources (among others). It also requires them to determine what climate-related opportunities may be beneficial and worth pursuing over time.<\/p>\n

Once aware, it then becomes incumbent upon company leaders to integrate these climate-related risks and opportunities into corporate strategy and planning. And while it is unquestionably a challenging process, we are confident that those leading the charge will be rewarded with substantial, sustainable opportunity. We are confident that financial markets will reward change leaders.[\/vc_column_text][vc_tta_accordion c_icon=”chevron” active_section=”99999″ el_class=”hide-mobile hide-tablet”][vc_tta_section title=”What is a physical and transition risk exposure assessment and climate resilience planning?” tab_id=”1579119314378-d210e728-85b0″][vc_column_text el_class=”color-white”]Identifying, considering, mitigating and strategizing around climate-related risks is a complex and long-term process. Assessing exposure to physical and transition risks is the first part of this process. It entails:<\/p>\n

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  1. Evaluating what could be the potential consequences of physical risks on a company\u2019s assets and value creation model (e.g., the consequences of more frequent and significant weather events on resources, assets, suppliers, production, revenues, costs, etc.), and<\/li>\n
  2. Evaluating what could be the potential consequences of transition risks to a company\u2019s value creation model (e.g., shifts in profitability drivers caused by a transition to a low-carbon economy. These could include increased costs related to carbon taxation, tighter regulations, mandatory responsible sourcing requirements, disruptions from carbon capture and storage technology and other green-tech initiatives, etc.).<\/li>\n<\/ol>\n

    Frameworks<\/strong><\/p>\n

    At Clearsum, our physical and transition risk assessment method uses state-of-the-art (from simpler to more complex) frameworks. With a focus on the energy, real assets, and infrastructure sectors, it combines most up-to-date academic science with latest industry-based research and insights. While centered around the Task Force on Climate-Related Financial Disclosures (TCFD), our method integrates key elements drawn from approaches developed by the Cambridge Institute for Sustainability Leadership, the University of Oxford, the Massachusetts Institute of Technology, as well as guidance from leading organizations such as the Intergovernmental Panel on Climate Change (IPCC), the Climate Disclosure Standards Board (CDSB) and a number of select others.<\/p>\n

    Time Horizons<\/strong><\/p>\n

    In assessing exposure to climate-related physical and transition risks and opportunities, we use short to medium time frames, a method designed to align with typical 3 or 5-year strategic plans that may be extended up to 10 years. Among others, this time frame is an important difference between physical and transition risk assessment and future scenario planning and scenario analysis.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”How do we help clients and partners embark on the journey towards climate resilience?” tab_id=”1579119382796-e9850399-255d”][vc_column_text el_class=”color-white”]Discovery meetings<\/strong><\/p>\n

    At a high level, our approach begins with focused engagements, and succinct discovery meetings and interviews with key internal stakeholders. We begin by exploring potential corporate exposure issues and seeking to understand behavioural biases inherent to teams and company culture. We then concurrently focus conversations around raising awareness, establishing the mindset, and deepening your team\u2019s knowledge of the topic at hand. These early, succinct interventions are integral to successfully leading the process forward.<\/p>\n

    In-depth assessment<\/strong><\/p>\n

    Once the table is set and relationships of trust begin to establish themselves, we begin our in-depth assessment. Using the appropriate frameworks, we comprehensively analyze physical and transition risk exposure along several axes, with emphasis on those deemed more critical to select stakeholders. Once our analysis is complete, a summary of our findings is produced and presented to our clients.<\/p>\n

    Strategy sessions<\/strong><\/p>\n

    Guided by our scope of engagement, our expert advisors then typically begin leading short, collaborative ideation sessions to explore the best possible mitigations to abate risks and strategies to realize the full value of opportunities identified (in complete consideration of our clients\u2019 business realities).<\/p>\n

    Outcomes of the strategy sessions are integrated into our internal process, setting the groundworks for the development of the climate-resilience plan.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Discrete outcomes: a climate resilience plan to benefit from expected rewards” tab_id=”1588277282027-50c6aa0f-7e93″][vc_column_text el_class=”color-white”]Clearsum\u2019s Climate Risk Assessment and Resilience Planning service enables you and your teams to demonstrate discrete and immediate action in the face of climate threats and opportunities.<\/p>\n

    By significantly increasing corporate awareness, this bonified business and climate broad scan is a critical element of developing an effective climate-resilience plan that includes:<\/p>\n