As the impacts and costs of climate change grow around the world—from wildfires in Australia and floods in Bangladesh to hurricanes in the U.S.—the urgency to accelerate decarbonization, prepare for extreme weather and build climate resilience is increasing.
Climate resilience is now a top priority for leaders in the public and private sectors, but they have been slow to account for climate change in their risk management and investment strategies. The unpredictability of climate risks makes it challenging to invest now rather than later. Climate resilience consulting delivers strategic insights to safeguard against the shocks, stresses and costs of climate change. Those that build resilience now will be better prepared to manage the unexpected in the future. The cost of doing nothing is formidable.
Climate resilience planning leverages knowledge, insight, data and technical capacity to manage the actual or expected effects of climate change. And it has never been as urgent as it is today. Global organizations, energy utilities, infrastructure planners and municipalities increasingly recognize the urgency of climate planning to address the probability and consequences of natural disasters driven by climate change.
Given the large-scale damages and losses caused by events like hurricanes, floods, wildfires and droughts, it is essential for public and private entities alike to engage in climate resilience planning to bolster their ability to resist and recover from such events, thereby safeguarding their business continuity.
The maximum-efficiency model of modern production methods and supply chains raises an apparent tension with the need to implement climate resilience measures. It leaves decision-makers facing a key question: given the unpredictability of extreme events, is there a clear business case for investing in resilience planning right now?
While we believe the answer is clear, uncertainty regarding the severity and timing of climate events creates the following barriers to resilience planning:
ENGIE Impact helps public as well as private sector organizations identify, measure, and respond to climate-related risks and opportunities across the entire value chain. We apply scenario analysis and assessments alongside advanced analytics and techno-economic tools to generate insights that establish a ‘no regrets’ approach to decision-making and strategy.
We assess the maturity of climate risk disclosures against TCFD (Task Force on Climate-Related Financial Disclosures) recommendations. Powerful analytics offer insights into disclosures by sector, country, market capitalization and more.
We identify the potential impacts of various climate threats, considering their frequency and magnitude when assessing the vulnerability of hard assets. Our data-driven analytics pinpoint and measure risk using climate projections and value chain emissions profiles.
We build simulations of power networks to pinpoint assets at risk and create a range of scenario models to build resilience strategies that will drive the greatest impact at the lowest cost. Helping organizations consider the most relevant financial impacts, avoided expenditures and financing considerations can refine the business case for investing in critical infrastructure and operational agility.
We provide support to organizations preparing climate-related disclosures aligned to TCFD recommendations, tailoring metrics for monitoring and reporting on physical and transition risks. For utilities, we analyze the recovery process to limit negative impacts and properly assess potential financial implications.
“How businesses embrace opportunity in the transition to Net Zero and build resilience to a changing climate is crucial to the creation of long-term value.” - David Bekaert
ENGIE Impact is helping utilities and organizations plan resilient, low-carbon infrastructure and managing the technological, financial, and operational challenges to resilient planning. We bring the needed tools and expertise to assess risks and vulnerabilities and increase public and private resiliency through adapted solutions.
Our insights can help foster your climate resilience.