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Geopolitical risk - Climate


Climate risk and other environmental geopolitical risk factors affect an organisation’s resilience, its ability to protect customers and employees, and its financial performance. Climate change has clear physical impacts with geopolitical consequences: food and water shortages, upheaval and unrest, migration and warfare. Even the most orderly transition to a carbon-neutral future will see winners and losers.

Image showing geoopolitical risk and climate risk factors and how they interact
Geopolitical and climate risks

Climate change’s impact on organisations

We help clients unravel the complexity of climate change impact on their organisation, to better manage risks and seize opportunities.

  • What is your current and future exposure to climate risk?
  • What adaptions will you need to make to deal with the effects of climate change, whether from physical impacts, transitional risk or liability risk?
  • Are you prepared for the increased demands in disclosure and changes in regulation?

Capabilities in managing climate risk

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Understand
  • Climate Quantified: assessing climate risks and opportunities, for portfolios or specific assets
  • Physical and transition risks
  • Using the latest science via the Willis Research Network
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Protect
  • Parametric solutions
  • Captive financing vehicles
  • Risk optimisation
  • Insurance re-structuring to close protection gap
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Respond
  • Climate related financial risk disclosure: Task Force on Climate-related Financial Disclosures (TCFD) disclosure benchmarking; TCFD workshops
  • Carbon journey planning
  • Environmental social and governance (ESG) scoring
  • Incentive, remuneration and reward strategy

Our approach

Climate change is a challenge that requires a multi-disciplinary response. Willis Towers Watson is well-placed to provide bespoke analytical solutions using state-of-the-art technology and the very latest in academic findings. Our integrated approach, connecting geopolitical risk specialists, our award-winning research team and our internal climate change experts across our global business network, provides tailored, client-driven, advice. Willis Towers Watson has developed a network of relationships with international institutions, regulators and humanitarian organisations to advocate for an integrated approach to building climate resilience.

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