Opportunities for a Financial Services Client

WSP assessed the risk associated with the physical impacts of climate change to the client’s supply chain, operations and products and services.

Our assessment began with a review of the most recent and credible science, divided into six U.S. regions. Once the impacts were identiﬁed, we began a review of risks to speciﬁc assets beginning in the southeastern U.S. and moving on to the northeast and then the Gulf Coast. Concurrently, the WSP team conducted a review of threats to key elements of the supply chain. Finally, after proof of concept on the company owned assets, we examined similar risks to their lending portfolio, starting with the oil and gas industry.

Through this work, our client came to a preliminary understanding of risks to its portfolio, and the importance to their clients of managing these risks.