Regulatory requirement
Climate risk and vulnerability analysis with K.A.R.L.® TAXO
The man-made increase in greenhouse gases is causing global climate change, which is manifesting itself in extreme weather events (e.g., heavy rain, violent storms) but also through gradual changes (e.g., rising temperatures or less precipitation). The consequences of climate change are already manifold today and affect society as a whole. In response, the EU adopted the Green Deal in 2020. K.A.R.L.® helps companies meet growing regulatory requirements, such as those under the EU taxonomy or the CSRD. Our analyses are a decisive advantage, especially for financial service providers and internationally active companies.
Results report of the K.A.R.L.®-TAXO climate risk and vulnerability analysis
ESG solutions
K.A.R.L.® complies with the relevant regulations.
K.A.R.L. supports a wide range of regulatory requirements with its climate risk analyses. These analyses are important for financial market participants, industrial companies, and real estate companies in order to assess the quality and sustainability of their businesses and to meet regulatory requirements. Climate risk analysis can be used in particular for real estate, production facilities, and energy buildings.
EU taxonomy
CSRD
BREEAM
TCFD
DGNB
§15 PfandBG
Basis for certifications
Climate risk and vulnerability analysis
Assessing climate-related risks is a crucial step in determining the taxonomy compliance of an economic activity. It serves both to fulfill the “do no significant harm” criterion and as proof that a significant contribution has been made to environmental objective 2. K.A.R.L.®-TAXO provides an object- and location-specific climate risk analysis for all natural hazards, which not only meets the requirements of the EU taxonomy, but also forms a solid basis for further ESG certifications. This is done using a four-stage classification system: no relevant, low, medium, or high risk. The assessment takes into account not only current climate conditions, but also various future climate scenarios. In addition to the risk classification, users receive the relevant data (e.g., precipitation and temperature data) for further use. The current focus is on analyzing different types of real estate properties. In principle, however, the analyses can also be adapted to other properties such as production facilities, industrial sites, or renewable energy plants (e.g., wind turbines, solar plants).
K.A.R.L.® supports companies in meeting the requirements of the EU taxonomy and the CSRD by providing a sound basis for analyzing climate risks and their impact on business activities.
Climate risk analysis results
Planning basis for adaptation measures
Based on the results of the analysis, targeted adaptation measures can be planned and implemented if material risks have been identified. Even outside the taxonomy context, the analysis can serve as a basis for systematic management of physical climate risks. Adaptation measures are part of the requirements of climate protection goal 2, but are not currently provided automatically by our analysis tool. If required, we can refer you to a partner company that plans adaptation measures specifically for the significant risks and in line with your property.
Special features at a glance
Natural hazards
All natural and climate hazards required by the EU are analyzed.
Time periods
Current climate projections (CMIP6) are evaluated for short-, medium-, and long-term time periods.
Scenarios
The selected climate projections are based on the scenarios required by the EU taxonomy for the future development of greenhouse gas emissions (SSP1-2.6, SSP2-4.5, SSP5-8.5).
Locations
Analyses can be performed for individual locations (results in a detailed report) and for portfolios of any size (results in a clear Excel table).
Languages
Results reports are available in German and English.
Methods
Risk assessment is carried out using scientific methods, which are explained to our customers in a user manual.
Legal requirements
KA’s climate risk assessment is based on the legal requirements of the EU taxonomy (Delegated Regulation 2021/2139, Annex II) and the guidelines issued by the German Federal Environment Agency for preparing a legally compliant climate risk and vulnerability assessment.
Request a climate risk and vulnerability analysis
We are delighted that you are interested in a climate risk and vulnerability analysis with K.A.R.L.®-TAXO! Simply fill out the form below and we will get back to you shortly with all the relevant details for the natural hazard analysis of your location.
