Climate risk assessment

Turn risk into reward with Cool Planet

Cool Planet’s climate risk assessment services deliver the clarity and confidence needed to navigate and respond to climate risks and opportunities. Using internationally recognised frameworks, we help you uncover where your business could be vulnerable, build resilience, and turn these insights into strategic advantage – so risk becomes a catalyst for growth, innovation, and lasting success.

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Why climate risk assessment matters

Once climate risk is identified as a priority ESG issue, a comprehensive assessment provides boards, investors, and regulators with transparent, practical insights into your exposures – from supply chain disruptions to compliance requirements. Crucially, our approach doesn’t just manage risk; it also identifies opportunities to save costs, innovate, and future-proof your strategy, strengthening your business model in step with regulatory trends and evolving stakeholder expectations.

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The real benefits of climate risk assessment

  • Safeguard your assets and investments

    A climate risk assessment highlights real threats from extreme weather, policy changes, and shifting climate patterns. It allows you to proactively protect your company’s assets, supply chain, and financial health for the long term.
  • Enable resilient, future-proof operations

    By identifying vulnerabilities and adaptation needs, you build resilience that allows your business to withstand disruption and confidently plan for growth in a changing world.
  • Uncover strategic opportunities

    A thorough assessment allows you to turn risk into opportunity inspiring innovation, future-proofing technologies, and improved resource efficiency.
  • Empower better decision-making

    Our data allows leaders to make impactful decisions, prioritising resources where they’ll deliver the most impact for both risk mitigation and value creation.
  • Strengthen investor and stakeholder trust

    Proactively addressing climate risk signals strong forward-thinking leadership, enhancing reputation, attracting responsible investment, and building market trust.
  • Attract and keep talent

    A forward-thinking approach to climate risks attracts and retains employees passionate about purpose-driven business and long-term success.
  • Drive cost savings and performance

    Mitigation strategies allow you to do more with less and improve your supply chain resilience. That means you’re not just avoiding losses; you’re actually saving money and boosting profits in the process.
  • Build community and sector leadership

    Businesses that take the lead on climate set the standard for the whole industry. You’ll proactively inspire others, encourage teamwork, and help shape new solutions that benefit everyone.
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Our proven climate risk assessment process

1. Materiality assessment

This is where we pinpoint climate risk as a critical ESG issue. This step clarifies whether climate threats could significantly influence your organisation’s performance, strategy, or stakeholder decisions.

2. Strategy & alignment

Next, we take a close look at what matters most to your business and what your stakeholders expect. We map out exactly where your operations could be affected by climate risks – from physical threats like weather events to changes in policy or market conditions. This helps make sure your plans for climate resilience are lined up with your business goals and the realities of your industry

3. Readiness assessment

We’ll take stock of what you’re already doing, looking at your current controls, data, and everyday practices, with a focus on where your business might be vulnerable to climate risks. This shows us what’s working well and where there’s room to strengthen your resilience, planning, and compliance.

4. Evidence mapping

Next, we gather the facts, collecting and double-checking the key risk details, like physical hazards or financial exposures. This way, when you make decisions or share reports, it’s all based on real numbers and impacts that matter for your business.

5. Implementation & action

Now’s the time to get practical. We help design and launch steps to manage your risks, from running ‘what if’ scenarios to protecting assets or cutting emissions. The goal is to weave climate resilience into your everyday operations so you’re ready for anything.

6. Disclosure submission & review

We guide you in sharing your climate risk story clearly, both inside your business and out. Whether it’s for investors or regulators, we make sure your reports are thorough and meet the highest standards, so everyone trusts your approach.

7. Ongoing monitoring & improvement

Finally, we help keep an eye on things, tracking how your risks and resilience measures perform over time. As the science or requirements change, we update strategies together to keep your business adaptable and future-ready.

Proven impact for business and planet

Cool Planet has delivered thousands of climate risk and impact consulting projects—with over 4,000 engagements supporting Australia’s largest companies and high-growth SMEs. Our work has enabled clients to offset 700,000+ tonnes of carbon, divert 10,000+ tonnes of waste, save over $15 million, and build powerful reputations for climate risk readiness and resilience.

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Turn risk into reward with a climate risk assessment from Cool Planet

Set your business up for a future that’s smart, resilient, and ready for anything.

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Need to know more?

Talk to us

If you have a business problem and need an environmental lens, or you have an environmental issue, needing a commercial lens, we'd love to hear from you.

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