Management consultancy Horváth has formed a partnership with UK-based flood science firm JBA Risk Management to support clients in meeting growing global demands for physical risk sustainability reporting amid climate change.
Horváth, a Stuttgart-based consultancy specialising in business transformation, performance management, and digitalisation, will gain access to JBA Risk Management’s detailed physical risk data. This includes flood maps, flood depths, JBA Flood Scores, and Floodability data for both present and future flood risks.
The data considers various climate change scenarios, including Representative Concentration Pathways (RCPs) and Shared Socioeconomic Pathways (SSPs), across multiple time horizons.
This data integration will enable Horváth to provide clients with insights into their exposure to flood-related physical risks, supporting compliance with evolving sustainability reporting requirements. In Europe, businesses subject to the Corporate Sustainability Reporting Directive (CSRD) will be required to submit their first physical risk reports in 2025.
Stefan Tobias (pictured above, left), partner and head of CFO strategy and performance at Horváth, said the collaboration with JBA will enhance the firm’s ability to assess both current and future risks linked to extreme weather and flooding for its clients.
“These capabilities to calculate scenarios and predict future developments for sustainable business models are particularly relevant at a time when the pressure to successfully transform for future economic conditions is higher than ever across all industries,” Tobias said.
Judith Ellison (pictured above, right), climate change commercial lead at JBA Risk Management, highlighted that JBA’s physical risk data aligns with the growing global need for compliance with sustainability reporting frameworks.
“This includes the Corporate Sustainability Reporting Directive (CSRD) in Europe, the Task Force on Climate-related Financial Disclosures (TCFD) in the UK and other regions, the International Sustainability Standards Board (ISSB) standards and other related frameworks,” Ellison said. “However, all businesses can benefit from embracing sustainability reporting as it helps them plan with greater confidence for the future – to understand both the opportunities and risks to their businesses from climate change.”
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