Amphos 21 – RSK’s climate risk register is a powerful tool to detect potential economic and operational consequences that businesses and supply chains may face due to climate change hazards and evolving net-zero regulations. This strategic catalogue identifies, assesses, and categorizes risks associated with climate-related factors, allowing organizations to manage and mitigate these challenges.
The climate risk register can be an essential component of a company's risk management strategy, providing a framework for recognizing vulnerabilities arising from both physical and transition climate impacts. Amphos 21 – RSK climate risk register includes a diverse range of risks, such as extreme weather events, sea-level rise, regulatory changes, carbon pricing, and shifts in consumer preferences influenced by sustainability, environmental and health concerns.
By compiling this register, businesses gain a deep understanding of how climate-related risks can manifest across their operations and supply chains. Therefore, they can take appropriate actions: develop adaptive strategies, invest in resilience measures, and seize opportunities associated with the transition to a low-carbon economy.
A climate risk register serves as a foundation for developing robust and cutting-edge adaptation plans. With the insights of the register, businesses can strategically design and implement measures to protect assets, fortify business resilience and secure their workforce. Addressing potential risks at their roots can guide companies in an evolving climate landscape, fostering a sustainable and secure future for both their operations and the well-being of their workforce and the community. Through effective adaptation planning, businesses not only safeguard against the immediate impacts of climate-related hazards but also contribute to long-term sustainability and the preservation of their economic viability.