December 20, 2022
December 1, 2022
November 10, 2022
October 25, 2022
August 29, 2022
CelsiusPro’s physical climate risk scenario analysis is presented in Holcim’s first Climate Report (Holcim Climate Report 2022). The disclosure and underlying work is both a steptowards climate reporting aligned to the Taskforce for Climate-related Financial Disclosure (TCFD) recommendations, andalso seeking to embed the consequences of climate change into risk management and corporate strategy.
Climate risks and Scenarios
In an assessment of chronic and acute climate risks (flood, wind, precipitation, wildfire, heat and drought) of selected Holcim cement plants and supply chains across the globe, we quantified scientific climate-related financial risk metrics with the latest models for 2025, 2030, 2050 and 2100 for a 2°C ,2.5°C and 4°C warmer world.
CelsiusPro’s climate risk assessment unlocked metrics that are key for the disclosure of physical climate risks and the basis for integrated risk management and strategy. CelsiusPro supported Holcim in the disclosure of the assessment outcomes. By emphasizing physical climate risk, current and future scenario analysis, Holcim further positions itself as forerunner of sustainability in the cement industry and aligns with TCFD recommendations and Swiss reporting requirements coming into force in 2024.
“Managing and disclosing Physical Climate Risks is key to a comprehensive and holistic approach to climate risks and TCFD disclosure. Working with CelsiusPro put physical climate risk and the scenario analysis on our corporate agenda.” Antonio Carrillo - GlobalHead Climate and Energy at Holcim