Climate Resilience
According to CDP by 2050 US$158 trillion of global assets will be at high risk from climate hazard including 750,000 properties in the UK alone. To address the visibility and financial impact of this escalating risk the International Sustainability Standards Board [ISSB] has published global standards for climate disclosure [formally called TCFD] focused on the needs of investors, financial markets and public reporting.
Sustainability factors are now a mainstream part of creating prosperity for cities, business and government. Federal governments are progressively implementing mandatory reporting of climate risk disclosure using the ISSB Standards for Sustainability Disclosures, encompassing IFRS S1 and S2.
To help clients meet compliance whilst reducing business risk, McGregor Coxall utilises data and digital twins to assess the vulnerabilities of their public and private property assets, simulate hazards and prepare resilience action plans. These resilience action plans utilise our biourbanism model and are used by clients to undertake site feasibility, mitigate climate impact and as an interactive digital twin to underpin sustainable masterplanning outcomes.
Organisations can utilise climate resilience action plans to support corporate governance, inform business strategy, establish indicators, set targets and monitor climate-related risk. Our work often incorporates interactive stakeholder and community consultation undertaken through a digital twin.