CRISPTM - A Solution to Quantify Risk
| CRISPTM Score | Company Score on a scale of 1 – 1000 |
|---|---|
| Tied to climate change impact on the resiliency of a company | |
| Every input impacts the CRISPTM Score | Energy source for manufacturing |
| Process inputs to manufacture | |
| Impacted by the climate change on these commodities | |
| Total score provides companies, solutions | Minimize the impact |
| Cross reference company’s strategic objectives | |
| Provide global investors risk criteria | Visibility into the climate change impacts of their investment portfolio |
| Dynamically updates as variables change |
The CRISPTM Model and the QUASARTM methodology are based on the ClimatekkTM three pillars, Collect, Normalize and Quantify the climate risk data.
Climate GPO
Organizations are not only challenged trying to understand their own Climate Change risks but also their suppliers and partners. This has been driven by regulatory pressures, investor demands and above all reputational risk to their business. As the supply chains are closely linked and global, the impact to the organization could be multi-fold.
ClimateGPO offers the ability for the organization to create a multi-dimensional data store of all the suppliers and vendors who comply with the company’s sustainability goals and procure required operational items from the suppliers and vendors who meet those goals.
ClimatekkTM Consulting
The key for successful corporate climate risk initiatives falls into three distinct categories:
Understanding what the key factors that impact a specific organization
- Understanding all of the variables Climatekk provides climate risk strategy and management consulting services for nonprofit, financial services, general enterprise, industry and governmental organizations that need to be measured
- Developing an actionable plan that is built around the data and positive outcomes that have been measured to ensure financial services, general enterprise, industry and governmental entities adhere to industry and governmental risk compliance standards.
- At Climatekk. we deliver services that provide tangible measurements, actionable advice on climate impact to physical locations, well developed plans structured to enhance compliance for global and industry-based climate risk standards, creating new business strategies and/or providing advice on new government regulation, geopolitical impact and advisory services to move ahead of regulation enforcement.
- Climatekk consultants design and implement studies to evaluate management decisions using public and bespoke gathered data based on tangible metrics, industry rating methodologies and internal company interviews to test hypotheses cross-referenced to specific industry standards, policies and certification criteria.
- A typical Climatekk engagement can last between two and twelve months and involves one to six Climatekk consultants. An engagement is usually managed by a generalist that covers the region the client's headquarters are in and specialists that have either an industry or functional expertise.
CRISPTM Climate Resilience Process:
There are a number of steps companies can take toward integrating climate resilience into their decision-making process concerning capital allocations, operation management, and risk mitigation. The recommendation actions are:
- Assess the vulnerability of operations and facilities to climate risks and extreme weather events
- Embed climate risks into Enterprise Risk Management (ERM) programs
- Undertake scenario analysis to quantify risks, opportunities, and identify potential responses.
ClimatekkTM Consulting / Services Offered:
ClimatekkTM consulting is derived from three pillars of understanding:
- Collecting and Measuring the impact of climate risk to corporate financial wellness
- Normalizing and quantifying the size if climate risk impact using both internal and publicly available data
- Quantify to deriving an action plan to leverage the thought leadership and derive strong outcomes
The use of Climatekk’sTM CRISPTM Climate Resiliency Model and the ClimatekkTM QUASARTM methodology are based on the ClimatekkTM three pillars of operation in order to develop actionable plans.
| ClimatekkTM Consulting 3 Pillars of Operation | ||
|---|---|---|
| Collect | Normalize | Quantify |
| Solicited and Unsolicited Data | Internal and External risk factors | Climate Risk data aligned with mitigation strategies to develop actionable plans |
At the core of all ClimatekkTM consulting is the use of Climatekk’sTM QUASARTM methodology which is based on the ClimatekkTM three pillars of operation, to Collect, Normalize and Quantify the climate risk data in order to develop actionable plans.
Once the CRISPTM Score is generated and all pertinent industry compliance scoring tools are cross-referenced Climatekk consultants will work to:
- QUantify the Climate risk being addressed (platform)
- Complete the Climatekk Climate Analyzer tool
- Take the data and run it through the Climatekk cenario Builder
- Develop Action / Optimization plan for resilience
- Resilience Remediation programs that will be leverageable and available for quarterly review
ClimatekkTM Consulting Engagement Model:
Climate Data
Maximize the value of your Climate Data.
Clean climate data is critical to supply chain operations, impacting systems throughout. By cleansing and conditioning your organization’s climate data, Climatekk helps you reduce errors and improve efficiency and reach sustainability goals. Our solutions deliver more accurate, up-to-date data enabled by the Climatekk Data Catalog containing data from multiple sources that organizations need for reaching operational and sustainability goals. By more effectively managing your operational and external climate data.
Climanalytics
Climatekk uses advanced analytical models and internally developed tools to understand the impact of climate change on the operations of an organization – for profit, non-profits and governmental organizations.
The current models insufficiently address the aggregated data sources that are essential to correctly understand the impacts. Climatekk uses multi-metric models to compute and quantify the underlying insights. Climatekk also creates custom and customer specific analytical models for research and also understanding ongoing business operations.
Getting Started
Problem:
Across the planet, individuals, companies, financial investors, governmental entities, and non-profit organizations are grappling with the consequences of climate change and the associated financial and physical impacts to their operations exacerbating negative pressures to the continuity of operations. Understanding the associated ramifications and recognition of all the risks to an organization is the first step before any problem can be address. To understand and quantify the risks of climate change to an organization, all businesses and governments need to formulate common frameworks of assessment, through a quantifiable metric of the impact of climate change and deliver a tangible result that can become actionable. However, climate change risks are hard to quantify into a common nomenclature and action based report that will be beyond reproach to challenge to and highlight opportunities that will arise from resiliency planning.
Solution :
It is well known; the negative effects of Climate Change are not solved by rhetoric alone. Environmental impact is minimized by the combination of technological, financial, social, and political innovations working together in concert. At Climatekk, our mission is to use leverage technology and combine all current industry methodologies, referencing all of the other interactions listed above into one common metric that enables management. The CRISPTM score is designed to enable organizations to manage and decide their climate resiliency performance and current state along with the ability to understand, quantify, manage in order to develop plans to remediate the negative effects of Climate Change. At the center of this methodology is CRISPTM
CRISPTM – Climate Resiliency Index for Sustainable Planet
- Scenario-based Analytics
- Industry Specific Climate Frameworks
- Global Data & Standards
- Industry/Sector Specific Solutions
