ClimateAdapt
Enabling development of a dynamic adaptation strategy, to shield your organization from climate risk cost exposure.
Technology Solutions to Achieve Sustainability Goals
Large-scale, long-life assets such as utilities are critical for our world – they are relied upon to meet populations’ needs and allow them to thrive. But these assets face long-term climate threat, impacted by physical and transition risk factors with varying intensity.
ClimateAdapt is first to market in asset adaptation. Deloitte generates a tailored, client-specific risk profile and leverages Workday Adaptive Planning – integrated with Financials – to quantify your possible present and future state risk exposure. Through ClimateAdapt’s outputs, you can plan for asset adaptation guided by research-backed climate futures to ensure financial resilience, protect enterprise value, and demonstrate strategic flexibility to stakeholders.
Thriving in a Carbon Neutral Future
Today's business leaders recognize the role their organizations must play in reversing the effects of climate change. Many are wondering just where to begin - and how to succeed in this challenging new landscape. The good news is, achieving a better tomorrow is within reach. It's possible to position your business to thrive in a carbon neutral future.
Discover how Deloitte's innovative solutions, built on flexible, familiar Workday technology, can empower your organization to bring sustainability into operations, reduce carbon emissions, map out effective strategies, and achieve environmental goals, right now. Together, we can lead the way forward.
ClimateAdapt Capabilities
Visualize Materiality
The ClimateAdapt quant model performs a robust materiality analysis over physical and transition risks, to accurately identify the most material climate-related risks an organization faces, helping to pinpoint the actions needed to build in resilience. ClimateAdapt provides a cascade map, showing the genesis of climate risk and the interlinked and cascading risks of assets, operations, people, and exposure under different scenarios.
Scenario Analysis
The tool enables organizations to establish a current day baseline exposure on their balance sheet, and to model climate risk exposure under multiple SSP-RCP scenarios against future time horizons.The purpose of providing multiple scenario analyses is to counter the magnitude of uncertainty that climate risk presents, by enabling organizations to adapt their planning and investment strategies to respond to the intensity and frequency that climate stressors may present to organizations, over time, under various global warming pathways.
Adaptation Option Cost-Benefit Analysis
Having identified and quantified baseline risk, an organization is then well positioned to identify adaptation options and opportunities. ClimateAdapt then enables a cost-benefit analysis of each option to identify the optimal planning and investment strategy for building resilience into your business model.
Dynamic Planning
The end product of a cost-benefit analysis of adaptation options is a dynamic adaptive plan. This plan provides a helicopter view of tolerance threshold exceedance triggers, to inform the timing and budget required for the selected adaptation options, over time, and under different global warming scenarios.
Report
The science-based outputs of ClimateAdapt can be integrated into an organization's climate-related disclosure and included in financial statements. These outputs demonstrate to regulators and investors that the organization has a robust understanding of the impact of climate risk on the balance sheet and a strategy for strengthening business resilience.
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