Mandatory reporting in line with the recommendations of the Task Force for Climate-related Financial Disclosures (TCFD) has sprung up across the globe as governments follow investors in demanding companies set out how they plan to identify and manage climate risks. The UK, EU, Japan, Singapore, Canada, and California already have requirements in place. Reporting standards, such as International Sustainability Standards Board (ISSB), SB261 and the EU’s European Sustainability Reporting Standards (ESRS) are also coalescing around the TCFD framework.

Understandably, far-sighted companies are looking to prepare for mandatory reporting, but also recognise that embedding climate change into enterprise risk management can be as much about spotting opportunities as avoiding threats. However, getting to grips with the finer details of ISSB remains a significant challenge for some companies – with lack of knowledge and data gaps particular pain points.

In this guide, we’ll go through how to address both of those issues using our Climate Risk Data to identify and analyse physical climate risks and conduct scenario analysis.