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Climate Risk Assessment Services
Nowadays, many regions worldwide cope with challenges such as extreme air temperatures, severe windstorms, and droughts. In many parts of the world, already at present, heatwaves kill more people than any other natural hazard, and there is a strong tendency for this phenomenon to increase. In the future, due to climate change, many areas of the planet will face different environmental challenges. The changes in meteorological phenomena frequency and severity as well as altering environmental conditions will increase economic damage, affect the health and even endanger the lives of parts of the global population.
Organisations therefore need to start considering the impact of climate change in both their strategic plans and their daily operations. Due to the inherent uncertainty of climate change scenarios, they must anticipate and manage their exposure to climate-related risks. Already today, large companies are asked to assess the climate risk at their headquarters and locations with significant sales relevance. In some countries, such as in the EU, such risk assessments will become mandatory starting in 2023. This demand is expected to increase in the future due to the ongoing climate change and to the economic benefits of preventive actions such as mitigation or adaptation.