Our team reviewed credible, publicly available, previously applied scenario analyses and recommended three to reflect business-as-usual, technology and regulatory environment aligned with Paris commitments, and a more aggressive sustainable scenario.
Based on these scenarios, we provided a qualitative assessment of risks and opportunities by business line, including time horizon and magnitude of impact. WSP also prepared three pilot regional scenarios for China, Africa and India. Recently, we reassessed the climate-related risks and opportunities quantitatively and qualitatively.
We worked with the client to form an enterprise-wide Climate Risk + Resilience (CR+R) Working Group that reports to a new Climate Council on the progress made towards minimizing and managing climate-related risks and opportunities. Through the Working Group, we developed a CR+R Strategy and associated climate risk and resilience commitments to fully integrate across the enterprise and operations to transform their resilience.
