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Strategise & manage risk · 17

Climate risk & TCFD

Physical and transition risk, quantified.

In short

A climate risk assessment quantifies your physical and transition risk — structured to TCFD, ready for IFRS S2, scenario-tested, and expressed in financial terms a board and investors can act on rather than as a qualitative heat map.

What it is

An assessment and quantification of your physical and transition climate risk, structured to TCFD and ready for IFRS S2 — scenario-tested and expressed in financial terms a board and investors can act on.

Why it matters

Climate risk is now a governance and disclosure obligation, not a sustainability footnote. Assurance and investor scrutiny reward quantified, scenario-tested analysis and expose narrative, generic analysis.

60%+
of global GDP moving to the IFRS climate baseline

The disclosure hook is direct: IFRS S2 builds on the TCFD recommendations and is being adopted across jurisdictions representing over 60% of global GDP (S&P Global; ISSB, 2026), and transition risk now explicitly includes carbon-pricing exposure such as CBAM, live since January 2026 (European Commission, 2026).

What & how we do it

The work, in the order we do it.

  • Identify physical risk — acute and chronic hazards across sites and value chain
  • Identify transition risk — policy, carbon pricing, technology and market shifts
  • Run scenario analysis against recognised pathways
  • Quantify material exposures financially
  • Structure disclosure for IFRS S2

Standards & frameworks

  • TCFD
  • IFRS S2

Common questions

Physical comes from a changing climate; transition from the shift to a low-carbon economy.

Yes — S2 builds on TCFD, so the work maps straight across.

Quantify your climate risk.

Send us a site list and we will scope the physical and transition exposure worth quantifying.

A senior specialist replies within one business day.