Companies increasingly have to deal with climate risks and, if necessary, implement adaptation measures. To this end, there are clear requirements in the EU taxonomy, the European Sustainability Reporting Standards (ESRS) and other frameworks that are mandatory for some companies to apply.
Municipalities are affected differently by climate change due to various factors. The German Environment Agency (UBA) therefore recommends the implementation of municipal climate risk assessments along three essential steps: preparation, implementation and communication of the results. To support this, a handout provides information on the methodological procedure in addition to ISO 14091.
A robust climate risk and vulnerability assessment is the basis for systematic management of physical climate risks. To this end, the EU taxonomy sets out detailed requirements for companies. The German Environment Agency provides recommendations for carrying out a such climate risk and vulnerability assessment which is legally compliant.
