Climate Risk and Resilience

Identifying vulnerabilities related to climate change and proactively managing risks, enables businesses to safeguard operations and seize new opportunities. Effective climate risk management optimises resource use, reduces costs, and strengthens business reputation.

At Cress Consulting, we help you manage exposure by assessing climate risk, identifying solutions, and strategically planning for changing climate conditions. We utilise tailored strategies to build resilience and prepare for future challenges.

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Climate Risk Assessment

Understanding how climate hazards will likely impact your people, operations, infrastructure, assets, and the broader community is essential to building resilience against the worst effects of a changing climate. At Cress, we help organisations assess the potential physical and transition risks associated with climate change impacts, such as extreme weather events, changing regulations, and reputational harm.

We examine business vulnerabilities and create tailored strategies to manage and adapt to these risks while identifying opportunities for improvement or a competitive edge. Cress specialises in developing management plans that include detailed actions, timeframes, and accountabilities, aligned with international reporting frameworks, helping you effectively manage climate risks and future-proof against the impacts of climate change.

Adaptation plans

Adapting to the challenges of a changing climate is important to minimise the impacts on your business and its operations, people, and supply chains. Cress can help you to find ways to do things differently, or indeed, do different things to maintain profitability and even uncover prospects for diversification and growth. Developing an adaptation plan as early as possible is good practice and is generally more cost effective.

Mitigation plans

Reducing carbon emissions to net zero by 2050 is essential to limit warming to 1.5 degrees above preindustrial levels thereby avoiding the worst effects of climate change. Mitigating your carbon emissions will contribute to that goal and can also be a cost-reduction strategy. At Cress, we help businesses design a management plan aligned with your business ambition, risk appetite, and short-term and long-term objectives.

Climate-related reporting

Under the mandatory climate-related financial disclosures in Australia, reporting entities are required to disclose climate-related financial risks, opportunities, management, and strategies. The Australian Accounting Standards Board (AASB) maintains the mandatory climate-related framework AASB S2, and voluntary AASB S1 covering broad sustainability disclosures. At Cress, we assist businesses in providing expert guidance on sustainability and climate risk reporting.

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Cress Consulting is committed to addressing climate risk, ensuring your business remains resilient against environmental challenges. Through our expert climate risk and resilience services, we offer insights and strategies to navigate these risks effectively. Let us partner with you to secure a sustainable and prosperous future for your organisation.

Contact us today to learn how we can help you build resilience and sustainability into your business operations.