WTW - Climate Diagnostic

What do we mean when we talk about climate risk?

It can be difficult to conceptualize climate change as a specific risk to your organization – 2100 or even 2050 can feel far off, talk of sea levels rising by inches can sound insignificant, and the global effects are broad and complex. This tool shows changes in acute hazards such as extreme wind and flood as well as chronic stress factors like sea level rise and heat stress under multiple combinations of climate scenarios and timelines. It shows how those changes could affect your specific properties. Climate Diagnostic can advance your journey to effective climate risk management.

This model:

• Connects with our core and broader analytic platform and is part of our Climate Quantified™ offering. You can combine this risk assessment with quantification and extended climate risk analysis aligning with Task Force on Climate Related Financial Disclosure (TCFD) or other climate disclosure frameworks.
• Features a climate change atlas of climatic and exposure maps with options to view high risk areas, locate individual assets and identify relative impact of each hazard. Adapt your climate view by preferred time projection and by climate scenario to explore relative risk over time and alternate climate conditions.
• Generates reporting summaries at an aggregate level and broken out by region, time projection and by acute and chronic climate risks.
• Uses industry recognized data to project exposure for Representative Concentration Pathways (RCP) 2.6 – 8.5, scientific standard climate projection scenarios based on greenhouse gas concentration.