Climate risk is now a core business issue. Climate change is reshaping the business landscape, through physical disruptions to assets and operations, accelerating the urgent need to transition to a low-carbon economy. For companies of all sizes, understanding and managing these risks is no longer optional.
Climate change creates severe risks on companies’ assets, sites and business activities both in direct operations and across value chains. These may originate from physical hazards such as floods or droughts, as well as transition pressures that include new regulations, carbon pricing, or shifting market conditions. These risks can significantly affect business viability, while lenders, investors, and regulators are increasingly expecting companies to identify, assess, and disclose them.
Yet for many organisations, knowing where and how to start remains the biggest challenge for many organisations.
To help address this, we publish a practical guidance on conducting climate risk assessments, which looks at the needs and critical steps for both small companies and those with more companies handling complex business models. Our aim is to make the process more accessible, proportionate and focused - whether businesses are running a first screening or refining an already established methodology.
The guidance walks through the full assessment process step by step: from defining the project objective and selecting sites and economic activities, through mapping climate hazards and transition events, to conducting qualitative and quantitative analysis and presenting results. It also addresses how to use assessment findings effectively, embedding them into risk management, resilience planning, transition strategies, and sustainability reporting.
A key principle throughout is proportionality and prioritisation: the guidance is designed to be useful for organisations with straightforward business models and limited resources, as well as for larger companies with complex operations and geographically dispersed assets. The aim is to move beyond a tick-box exercise and help organisations treat climate risk assessment as a genuine strategic tool.
Frank Bold together with other leading NGOs working on corporate sustainability and sustainable finance raised strong concerns about the delay in the publication of the Sustainable Corporate Governance initiative, as well as the lack of information explaining such new delay.
Due diligence is a precondition for the sustainable activities as defined by the EU Taxonomy and green financing under the Sustainable Finance Disclosure Regulation, including green bonds. Particular ESG due diligence requirements will be regulated by the forthcoming Sustainable Corporate Governance Directive. To help companies better understand its scope and to clarify its requirements, Frank Bold is hosting a webinar. It will feature international experts from companies such as Ericsson and outdoor clothing manufacturer Vaude. We invite you to join us on 26 January at 10 am CET.
In mid-December, the European Commission acknowledged a large part of the arguments put forward by the Czechia in an effort to prevent the expansion and continuation of illegal mining at the Turów mine in Poland, that endangers the sources of drinking water for thousands of people in the Liberec region and, according to new studies, has serious impacts on groundwater in Germany as well. Frank Bold's lawyers, who defend the interests of Czech citizens, have long been involved in the case.
