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September 25, 2022

Guiding Companies Through Physical Climate Risk Assessment and the EU Taxonomy: A Jupiter Web Series


In 2020, the European Commission passed the European Green Deal, a landmark legislation, with the ultimate goal of making Europe the world’s first “climate-neutral continent.”

Moving towards a sustainable finance system is a key pillar of this goal, by enabling consumers to invest sustainably in the companies and sectors that help achieve the EU’s six environmental objectives. For that reason, the EU Taxonomy was introduced last year, acting as the “dictionary” for all sustainable reporting directives in the EU, in which companies can check if their economic activities qualify as a sustainable investment.

In order to qualify, companies must show that their activities are:

a) Contributing substantially to one of the EU’s environmental objectives,

b) AND do no significant harm to any of the other objectives

The EU Taxonomy’s first phase impacts all large companies, and those listed on regulated markets, in the European Union.

Companies must first report on the first two objectives, climate change mitigation and climate change adaptation, and they must do so by the end of 2022. It’s a daunting task, even for the largest, most sophisticated company.

Physical climate risk assessment is an important component of the requirements, and Jupiter is here to help you navigate the EU Taxonomy jungle. We’re the global market leader for physical climate risk analytics. Our upcoming series of three webcasts, Making Sense of the Upcoming EU Taxonomy Mandate, begins the process of guiding you through the requirements.

Our goal is to empower you and your organization to better understand the need for state-of-the-science climate risk data models, and their role within the EU Taxonomy, for:

  • Identifying relevant climate risks
  • Defining your risk threshold and identifying assets at risk
  • Quantifying climate risk’s material impacts on economic activity, and
  • Developing mitigation measures.

I’ll kick off the series with a deeper dive into understanding the Taxonomy’s screening requirements, and how to conduct vulnerability assessments.

On our second webcast, my colleague Megan Arnold will focus on the role of physical climate risk assessment, and the timing of disclosure enforcement,  across the global regulatory landscape.

And in the third video, another Jupiter colleague, Meghan Purdy, will examine the metrics that will enable you to both comply with the EU Taxonomy—and make your organization more resilient in the face of climate change.

The clock is ticking.  Please join us!

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