Climate Risk Consulting Services for Resilient Businesses

Climate risk consulting services can help businesses build resilience in the face of climate-related disruptions. Businesses that fail to adapt to climate change may face significant financial losses.

Climate-related disasters such as hurricanes, wildfires, and floods can cause billions of dollars in damages. For example, Hurricane Katrina in 2005 caused over $160 billion in damages.

A climate risk assessment can help businesses identify potential climate-related risks and develop strategies to mitigate them. This can include assessing the business's physical assets, supply chain, and operations.

Businesses can also use climate risk consulting services to develop climate-resilient business strategies.

Explore further: California Insurance Bad Faith Punitive Damages

Our climate risk consulting services help clients prepare for and respond to the impacts of climate change. We offer a range of services to assess and mitigate climate-related risks.

We conduct climate risk assessments for various aspects, including buildings, infrastructure, operations, and service delivery. Our assessments cover flooding, water resource management, extreme heat, and natural capital. We also analyze future climate scenarios to help clients understand potential risks and opportunities.

For your interest: Insurance Back Office Services

Our services include social and physical vulnerability assessments, stakeholder workshops, and engagement. We help clients design and implement interventions to reduce vulnerability and manage biodiversity risk. By investing in climate risk consulting, clients can better prepare for the impacts of climate change and build more resilient communities.

Here are some of the key services we offer:

Riding the wave of climate change requires careful planning and preparation. Our climate risk consulting services help clients navigate the uncertainty of a changing climate.

We assess climate risk and vulnerability across various sectors, including buildings, infrastructure, and operations. This involves analyzing future climate scenarios and identifying potential hazards such as flooding, water resource management, extreme heat, and natural capital.

Our team of experts uses a range of tools and techniques, including geo-spatial analysis, GIS, and remote mapping, to provide a comprehensive understanding of climate risk. We also engage with stakeholders through workshops and consultations to ensure that our assessments are informed by local knowledge and expertise.

Expand your knowledge: Climate Risk

Effective climate resilience and adaptation planning requires collaboration between government agencies, businesses, and local communities. By working together, we can identify and prioritize risks, and develop strategies to address them.

Here are some of the ways we help our clients prepare for a changing climate:

By investing in climate risk consulting services, our clients can better prepare for the impacts of climate change and build more resilient communities for the future.

Discover more: Climate Risk Modeling

BMT has grown its climate and environment capability worldwide by appointing a Global Lead for Climate Risk and Resilience.

Greg Fisk has been named as BMT's new Global Lead for Climate Risk and Resilience, a move that will help expand the company's climate and environment expertise globally.

This appointment will enable BMT to better serve clients who are navigating the challenges of climate risk and resilience.

On a similar theme: Insurance Agent Lead Generation

BMT has partnered with the Institute of Asset Management (IAM) to address climate change challenges. This partnership is a significant step towards mitigating climate risks.

BMT is a conference sponsor, speaker, and exhibitor at the IAM Conference, focused on asset management and climate change.

Readers also liked: Guaranteed Asset Protection Insurance

Inside Cop28, we see the world's top leaders coming together to discuss climate action. The conference is a critical platform for countries to share knowledge, best practices, and innovative solutions to mitigate climate change.

The UNFCCC's (United Nations Framework Convention on Climate Change) 2023 report highlights the urgent need for climate action, stating that the world has just over a decade to limit global warming to 1.5°C above pre-industrial levels.

Climate risk consulting services are essential for businesses to navigate these challenges and identify opportunities for growth. By assessing climate-related risks and opportunities, companies can make informed decisions and develop strategies to thrive in a changing climate.

The conference also focuses on climate resilience and adaptation, with many countries sharing their experiences in building resilient infrastructure and communities. For example, Bangladesh has made significant strides in climate-resilient infrastructure development, investing heavily in flood protection and early warning systems.

Businesses can learn from these examples and apply climate-resilient strategies to their own operations. This includes investing in climate-resilient infrastructure, developing climate-resilient supply chains, and engaging with stakeholders to build climate-resilient communities.

The Cop28 conference emphasizes the importance of climate action and the need for collective action to address the climate crisis. By working together, we can create a more sustainable future for all.

Here's an interesting read: Does Everyone in an Apartment Need Renters Insurance

Decarbonisation and Greenhouse Gas Accounting are critical components of climate risk consulting. Climate risk mitigation and decarbonisation are essential strategies for addressing the growing threat of climate change.

Decarbonisation involves transitioning away from fossil fuels and towards cleaner, renewable sources of energy. This is necessary to reduce the amount of carbon dioxide and other greenhouse gases released into the atmosphere, which contribute to climate change.

Greenhouse gas accounting refers to measuring and reporting the emissions of greenhouse gases from a particular activity or sector. This helps identify areas of high emissions and opportunities for reductions.

Decarbonisation advice involves identifying strategies to reduce emissions and transition towards a low-carbon economy. This can include increasing energy efficiency, transitioning to renewable energy sources, and implementing carbon capture and storage technologies.

We can help you establish the foundations of a suitable decarbonisation program to drive transformational change. By accounting for and reducing greenhouse gas emissions, we can work towards a more sustainable and resilient future.

A fresh viewpoint: Climate Bonds

Here are some strategies for reducing greenhouse gas emissions:

Our strong sector knowledge means we can advise you on meaningful decarbonisation targets. We will guide you through the decision-making process, so that you can make informed choices about these targets and help formulate strategies fit for purpose.

Climate change poses a significant threat to peace and security, undermining livelihoods, increasing involuntary migration, and reducing a state's ability to provide security. Its impacts can be devastating, and it's essential to understand the risks involved.

Climate risk assessments are crucial tools for identifying the most at-risk populations, ecosystems, and infrastructure. These assessments involve evaluating the likelihood and consequences of different climate-related hazards, such as floods, droughts, and wildfires.

By understanding the vulnerability of your assets, operations, or workforces due to climate impacts, you can develop evidence-based policies and strategies to mitigate the effects of climate change. Climate change vulnerability and risk assessments can help you identify the most critical areas to focus on.

Intriguing read: S Buys a 50000 Whole Life Policy

Here are some key areas to consider when assessing climate risk:

By understanding these risks, you can take proactive measures to reduce vulnerability and build resilience.

Monitoring critical assets during extreme weather events is crucial for minimizing damage and ensuring business continuity. This involves preparing offshore and nearshore energy projects for tropical storms, as well as identifying areas that are most vulnerable to climate-related hazards.

Climate hazard modelling and mapping are important tools for understanding the potential impacts of climate change on different regions and communities. Our approach involves using climate data and models to simulate different climate scenarios and to identify areas that are most at risk of climate-related hazards.

Hazard mapping can help to identify areas that are most vulnerable to climate change and to prioritize adaptation measures accordingly. It can also help to inform land-use planning, infrastructure development, and emergency response efforts.

Related reading: Identify Risk Process

For example, our industry-leading hydraulic modelling software, TUFLOW, can be customized to any scenario to offer robust flood, urban drainage, estuarine and coastal assessments. It has been setting the benchmark for accuracy, speed, and workflow efficiency for the past 30 years.

Here are some key considerations for monitoring critical assets during extreme weather events:

By taking a proactive approach to monitoring critical assets during extreme weather events, we can better prepare for the impacts of climate change and build more resilient communities for the future.

La Niña weather events have been impacting the east coast of Australia, particularly North and South East Queensland and Northern New South Wales, causing severe weather events.

The recent floods and fires in these regions are a stark reminder of the power of La Niña.

La Niña has been a recurring theme in Australian weather, with its effects still fresh in our minds.

Additional reading: Weather Commodity Trader