Climate Risk
Carbon & ClimateClimate risk encompasses the potential negative impacts of climate change on an organisation, categorised as physical risks (acute events like floods, storms; chronic shifts like sea-level rise, temperature increase) and transition risks (policy changes, technology shifts, market dynamics, reputational factors from the shift to a low-carbon economy). Climate risk assessment using scenario analysis (e.g., IEA NZE, NGFS, IPCC RCP/SSP pathways) is required under TCFD, ISSB, and CSRD frameworks.
Related Terms
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Carbon Footprint
A carbon footprint is the total amount of greenhouse gases (GHGs) generated…
Carbon Accounting
Carbon accounting is the systematic process of measuring, recording, and reporting an…
Net Zero
Net zero means achieving a balance between greenhouse gas emissions produced and…
Decarbonisation
Decarbonisation is the process of reducing carbon dioxide and other greenhouse gas…
Scope 1 Emissions
Scope 1 emissions are direct greenhouse gas emissions from sources owned or…
Scope 2 Emissions
Scope 2 emissions are indirect greenhouse gas emissions from purchased electricity, steam,…
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