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  • Assessing physical risks from climate change: Do companies and financial organizations have sufficient guidance?
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Assessing physical risks from climate change: Do companies and financial organizations have sufficient guidance?

Source(s):  World Resources Institute (WRI)

The purpose of this paper is to provide companies and financial organizations with a common understanding of climate-related physical risks according to climate science, to identify gaps in the publicly available guidance to assess those risks, and to propose potential resources that would facilitate better risk assessment and, in turn, risk management.

The analysis reveals that the guidance do not share a robust understanding and approach to identifying and assessing physical climate risks, which could result in unmanaged risks, reduced resilience, and ultimately financial losses. The findings are relevant for companies, financial organizations, environmental, social, and governance (ESG) ratings agencies, climate data and analytical service providers, disclosure initiatives, and others seeking to assess exposure to physical risks from climate change, as well as climate scientists and policymakers seeking to influence the private sector.



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  • Assessing physical risks from climate change: Do companies and financial organizations have sufficient guidance?
  • Publication date 2021
  • Author(s) Pinchot, Ariel; Zhou, Lihuan; Christianson, Giulia et al.
  • Number of pages 43 p.
  • ISBN/ISSN 10.46830/wriwp.19.00125 (DOI)

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