Identify Climate Risks, Minimize Risks, Secure the Future
Climate change and the associated extreme weather events are presenting many companies with new challenges. With its new climate risk analysis, the SKZ Plastics Center helps companies assess physical climate risks. The analysis provides guidance for risk management, sustainability strategy, and compliance with the requirements of the EU Taxonomy and the CSRD.
Eine neue Klimarisikoanalyse des SKZ unterstützt Unternehmen bei der Bewertung klimabedingter Risiken. (Foto: InfiniteFlow - stock.adobe.com)
New Climate Risk Analysis from SKZ Helps Companies Assess Climate-Related Risks
This summer has shown once again that extreme weather events are on the rise, and so are their logistical and economic consequences. Low river levels and the resulting disruption of transportation routes are just one of many examples.
Climate change thus presents companies with new challenges. In addition to these direct impacts from extreme weather events or rising temperatures, regulatory and economic changes are also becoming increasingly significant.
With its new climate risk analysis service, SKZ helps companies systematically assess the impacts of climate change on their locations and business activities and develop appropriate measures.
This service complements SKZ’s sustainability portfolio, which covers CO₂ footprints, sustainability reporting, packaging regulations (PPWR), and the transition to a climate-neutral economy.
The analysis utilizes climate projections (e.g., from the German Weather Service or the European Copernicus program) as well as climate scenarios from the IPCC that cover medium- and long-term timeframes to assess potential impacts on a company’s sites, plants, and assets. These include, for example, damage or operational restrictions caused by heavy rain, flooding, storms, heat waves, or other climate-related extreme events.
Identifying Relevant Risks—SKZ Can Help
The SKZ supports companies in identifying relevant risks and potential courses of action and conducts climate risk analyses in accordance with the requirements of the EU Taxonomy and the Corporate Sustainability Reporting Directive (CSRD), which will become mandatory for large companies as of January 1, 2027. This provides companies with a robust foundation for their sustainability strategy, risk management, and reporting.
“Companies with a long-term and strategic outlook are increasingly asking themselves how climate change will specifically impact their locations, supply chains, and business models. With our climate risk analysis, we create transparency regarding relevant risks and opportunities and support companies in making the right strategic decisions early on,” explains Jonathan Lambers, Group Leader for Transformation of the Plastics Industry in the Sustainability Division at SKZ.
Strengthening Resilience
This service is aimed in particular at companies that wish to assess their sites for potential climate risks and prepare for future developments at an early stage. By combining sustainability expertise with industry knowledge, the SKZ supports companies in strengthening their resilience to the impacts of climate change while efficiently implementing regulatory requirements.
Further information on the Plastics Industry Transformation Research Group
