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Climate Measurement Standards Initiative Scenario analysis of climate-related physical risk for buildings and infrastructure: Climate science guidance

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Summary

To determine the physical risks in a credible and comparable way, Australian companies need reliable information for scenario analyses. The Climate Measurement Standards Initiative (CMSI) is an industry-led collaboration between Australian insurers, banks, scientists, reporting standards professionals, service providers and supporting parties to assist with TCFD reporting. The CMSI is initially developing technical, business and scientific standards for climate-related physical risk to buildings and infrastructure assets. This is a technical summary of the report ‘Scenario analysis of climate-related physical risk for buildings and infrastructure: climate science guidance’. The report, which was independently authored by the Earth Systems and Climate Change Hub of the National Environmental Science Program (NESP), describes methods, scenarios for acute and chronic climate hazards, gaps and needs, and a roadmap for the future.

Thumbnail image for To determine the physical risks in a credible and comparable way, Australian companies need reliable information for scenario analyses. The Climate Measurement Standards Initiative (CMSI) is an industry-led collaboration between Australian insurers, banks, scientists, reporting standards professionals, service providers and supporting parties to assist with TCFD reporting. The CMSI is initially developing technical, business and scientific standards for climate-related physical risk to buildings and infrastructure assets. This is a technical summary of the report ‘Scenario analysis of climate-related physical risk for buildings and infrastructure: climate science guidance’. The report, which was independently authored by the Earth Systems and Climate Change Hub of the National Environmental Science Program (NESP), describes methods, scenarios for acute and chronic climate hazards, gaps and needs, and a roadmap for the future.
Issuer

Australia

Year

2020

Region

Oceania

Issuer (type)

Climate Measurement Standards Initiative (Industry)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Voluntary


Main industries targeted
  • Construction
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
  • Mining, Quarrying, Oil & Gas Extraction
Restrictiveness

Very Low

Sustainable Development Goals (SDGs)
  • SDG 4: Quality Education
  • SDG 7: Affordable and Clean Energy
  • SDG 9: Industry, Innovation, and Infrastructure
  • SDG 11: Sustainable Cities and Communities
  • SDG 13: Climate Action

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