Building a sustainable future with Zurich Resilience Solutions' Climate Services
Zurich Resilience Solutions (ZRS) is committed to collaborating with our customers and the communities they call home to help create a more resilient, sustainable future. The challenges of climate change demand thoughtful and proactive action, and ZRS is ready to be part of your organization’s climate resilience strategy.
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Identifying and mitigating climate risks
The climate crisis has moved past a time for words . . . a time for action. Many companies are recognizing the potential risk not just to society, but to their immediate and long-term business operations.
ZRS applies a well-established, science-based, data-driven methodology to develop tailored analyses and solutions for your organization. ZRS’ climate risk specialists can help your organization:
- Identify, assess and quantify current and future climate risks
- Create targeted resilience plans to mitigate and adapt to climate risks
- Address climate disclosure requirements, providing assessments in formats aligned with regulatory requirements
Being prepared for future challenges will be crucial to mitigate the business impact of climate change.
Helping protect your business
Understanding climate-related exposures is the first step in jump-starting effective climate resilience plans — whether from an adaptation or mitigation perspective. ZRS offers tailored sustainability services for companies of all sizes and sectors, and our core services include:
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Climate Resilience services, with climate models and analysis
A suite of solutions to help businesses:
- Identify sites with critical natural hazard and climate change risks
- Assess risks associated with perils like floods, wind and earthquakes across time horizons and climate scenarios to help guide business continuity and supply chain plans
- Assess risks from local infrastructure vulnerabilities (e.g., power sources, transportation)
- Develop tailored resilience programs with location-specific actions
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Carbon Advisory services including emissions analysis and reporting
ZRS can help your business understand your carbon footprint and create an action plan, wherever you are in your sustainability journey. Click here to learn more.
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Natural hazards assessmentsOnce you’ve identified any climate perils — such as earthquakes, floods and wind — that are significant risks to your operations, a detailed assessment can help your company identify vulnerabilities and quantify impacts to create targeted resilience plans.
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Additional climate servicesWe provide holistic and creative solutions for customers’ evolving risk needs including services related to renewable energy, water efficiency and energy audits.
How to weather climate risks with data-driven strategies
In this video, Lisa Leftwich, ZRS Head of Sustainability Services, and Darren Richardson, North America Head of Sustainable Energy, discuss risks that businesses are facing as a result of weather-related disasters, the critical role of data, and how companies can take action now.
Helping companies take action on their sustainability goals
As they turn sustainability goals into action, ZRS can support customers in:
- Ensuring implementation of sustainability measures at existing locations does not increase the risk
- Informed decision making, by identifying sites with significant natural hazard and climate change risks
- Sustainability reporting in existing frameworks, e.g., TCFD (Task Force on Climate-Related Financial Disclosures)
- Developing tailored resilience solutions (physical, organizational and insurance)
The importance of climate risk management for businesses
The 2023 Global Risks Report ranked “failure of climate change adaptation” and “natural disasters and extreme weather events” as two of the top three risks in terms of severity over the next decade.1 For businesses, this will have a direct effect on their ability to survive and thrive as severe weather events increase in severity and frequency, impacting their people, their facilities, their supply chains and their bottom line.
Businesses also will be under increasing scrutiny from government and regulatory agencies as new climate/energy legislation emerges, and as communities and activists demand greater responsiveness to climate volatility. Building more sustainable operations is not only the right thing to do, increasingly it will be a necessity.
Climate action. Not climate words.
Zurich works closely with customers to tailor holistic solutions for evolving sustainability risk needs. For example, when construction customers
began using mass timber in their projects, Zurich was the first insurer to offer coverage, with ZRS developing assessment tools to support
these projects. ZRS customers also benefit from Zurich’s broad expertise to address the interconnected risks of climate, supply chain, cyber
and workforce exposures.
Zurich has made climate and environmental impact a top priority within our own business practices. These include being the first insurer to
sign on to the United Nations’ ’1.5°C target goal of the Paris Agreement, setting a goal for net-zero emissions by 2030, transforming our
company auto fleet to all electric or hybrid vehicles by 2025, and sponsoring The Zurich Forest, a major project battling deforestation in Brazil.
Read more about sustainability at Zurich.
