A new tool has been launched that helps asset owners and investors assess the risk posed to critical infrastructure by climate change.
Engineering consultancy Mott Macdonald and investor body Coalition for Climate Resilient Investment (CCRI) have launched a first-of-its-kind guide on how to evaluate and quantify physical climate risks to infrastructure.
Unveiled late last week, the new Physical Climate Risk Assessment Methodology draws from expertise from climate data providers, resilience practitioners, asset managers, and investors.
Denise Bower, executive director of Mott MacDonald, said the guide highlighted the positive returns that could be generated by investing in climate resilient assets.
“We set out to create a framework that enable public and private sector infrastructure investors to assess their exposure to climate physical risks, quantify this exposure and improve their asset performance,” she said. “What we found is that investing in resilience leads to better outcomes, better performance, less downtime, less maintenance