Performance category >

Climate management

Assessment of climate risks

Orange downward arrow to the content
Assessment of climate risks

Identifying and assessing climate risks

The progression of climate change has diverse and sometimes serious effects on companies. This makes it all the more important to identify climate risks at an early stage and prepare for them accordingly. Five Glaciers Consulting offers comprehensive analyses to identify and assess climate-related risks.

We help organizations to act with foresight and increase their own resilience. This enables us to strengthen your market position and competitiveness in the long term.

Challenges in the assessment of climate risks

The biggest challenge in assessing climate risks for companies is that there are so many different risks. Potential climate risks should therefore be thought through using well-founded assumptions, taking into account key influencing factors and developing a wide range of scenarios - in order to then prioritize them accordingly and focus on the greatest risks.

We create individual risk scenarios for you

We create a wide range of risk scenarios for your company, identify and prioritize the greatest climate risks for you and derive recommendations for action to counteract and avoid these risks at an early stage. In this way, we proactively support the future viability and sustainability of your organization.

Identifying climate risks as a basis and an opportunity

Those who anticipate their own company's climate risks at an early stage and dare to take a close look will create the best preparation and basis for a viable and entrepreneurially successful future. Playing through and evaluating all scenarios increases the chances that these risks will never materialize thanks to good prevention and innovation strategies. We are happy to use your risk analysis as a basis for deriving positive sustainability strategies for the future of your company.

Climate Targets (SBTi)

Climate Targets (SBTi)

Five Glaciers supports you in developing science-based climate targets (SBTi), creating a climate transition plan, and implementing emissions reduction strategies in accordance with the CSRD/ESRS.

learn more

Orange arrow pointing to the right to the article
Life cycle assessment (LCA)

Life cycle assessment (LCA)

Optimize your products throughout their life cycle - we accompany the evaluation of your environmental impact

learn more

Orange arrow pointing to the right to the article
Carbon footprint for companies (CCF)

Carbon footprint for companies (CCF)

Record your corporate emissions - with our Corporate Carbon Footprint Service

learn more

Orange arrow pointing to the right to the article
Frequently asked questions about
Assessment of climate risks

What are climate risks and why should companies assess them?

Climate risks can be divided into physical risks, such as extreme weather events, and transitory risks (transition risks), such as CO₂ pricing or changing market requirements. Companies that assess their climate risks can better protect themselves against future financial and operational uncertainties. In addition, climate-related risk analyses are increasingly being demanded by investors and regulatory authorities.

How can a company specifically reduce its climate risks?

Companies can minimize climate risks by investing in climate-resilient infrastructure, sustainable supply chains and low-carbon technologies. They should also integrate measures to adapt to changing regulatory requirements into their corporate strategy at an early stage. Close collaboration with stakeholders helps to identify future risks at an early stage and develop countermeasures.

What role does the EU taxonomy play in the assessment of climate risks?

The EU taxonomy defines which economic activities are considered sustainable and promotes investment in climate-resilient companies. Companies must prove that they make significant contributions to climate protection and do not cause significant environmental damage. The taxonomy therefore has a significant influence on the availability of capital for companies with high climate risks.

What requirements does the CSRD (ESRS E1) place on the assessment of climate risks?

ESRS E1 requires companies to identify physical and transitory climate risks and analyze their financial impact. Companies must also explain what measures they are taking to minimize risks. The results are included in the non-financial reporting of the CSRD and influence investment decisions.

Which scenario analyses are required for the climate risk assessment?

Companies should evaluate their business strategy on the basis of different climate scenarios in order to identify potential risks and opportunities at an early stage. A 1.5°C scenario, for example, shows how stricter CO₂ regulations will affect business models, while a 4°C scenario focuses on extreme physical climate risks. Such analyses help with long-term strategic planning and investment decisions.

Five Glaciers news and perspectives

May 6, 2026 | 8 min | Experiences & Comments

ÖKOPROFIT: Five Glaciers Consulting is part of the ÖKOPROFIT consultant network in Germany

ÖKOPROFIT Consulting Explained: Process, Benefits, Key Metrics, Programs, and Implementation for Businesses, Municipalities, and Regions – with Five Glaciers as part of the ÖKOPROFIT Consultant Network Germany.

Jan 9, 2026 | 10 min | Experiences & Comments

The ESG Solutions Market 2026: Trends & Outlook

ESG Software Market Analysis 2026: Maturity Phase, Consolidation & AI Reality. How Companies Strategically Evaluate ESG Tools – Practical & Forward-Looking

Nov 28, 2025 | 8 min |

Dynamic ESG Ratings: Why Performance Scores on EcoVadis, CDP, and Other Platforms Are Declining Despite Consistent Documentation

Mountain in the background - symbolic image by Five Glaciers Consulting for contact page

Contact form

Hike up a mountain - symbol image from Five Glaciers Consulting for contact page

Let's talk about climate! We look forward to getting to know you.

Headquarters in Hamburg
Tel.: +49 174 1305766
Email: info@fiveglaciers.com

Branch Office in Kiel
Tel.: +49 (0) 174 1305766

OR INQUIRE DIRECTLY ONLINE:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.