About This Webinar
This is the second masterclass in the Climate Risk Masterclass Series, providing a practical, expert-led look at how to assess physical climate risks. It covers the five-step process companies use to assess physical risk, from identifying hazard sources and mapping exposure, to applying climate scenarios and translating risk into financial terms. Using real-world examples, including a detailed sourcing case study and Unilever's own physical risk disclosures, this session shows how to turn climate hazard data into a practical, decision-useful risk assessment that can inform procurement, operations, and strategy.
Summary
This is the second masterclass in the Climate Risk Masterclass Series, providing a practical, expert-led look at how to assess physical climate risks.
It focuses on applied learning, working through a structured, repeatable assessment process and real-world examples to show how physical risks can be identified, measured, and translated into decision-useful information.
You will learn how to:
◆ Identify sources of physical climate risk and prioritise where to focus
◆ Find and use climate hazard data from recognised sources
◆ Assess exposure and vulnerability, and combine these with hazard data to calculate risk
◆ Evaluate how risks evolve under different climate scenarios and time horizons
◆ Understand how physical risk assessments are used across procurement, operations, product design, and finance
Learning Outcomes
By completing this masterclass, you will build practical capability in assessing physical climate risks.
Identifying and Measuring Risk
◆ Understand the five-step process for assessing physical climate risk: hazard identification, exposure mapping, vulnerability assessment, scenario analysis, and financial translation
◆ Identify sources of risk, prioritising critical raw materials, high-value assets, and single-source dependencies
◆ Locate and apply climate hazard data from sources such as the Copernicus Climate Data Store, WRI Aqueduct, ND-GAIN Index, and EM-DAT/INFORM Risk Index
Assessing Exposure, Vulnerability, and Risk
◆ Understand the difference between exposure and vulnerability, and how they combine with hazard data to calculate risk
◆ Apply this approach using a real-world sourcing example across multiple materials and geographies
◆ Recognise how risk assessments evolve under different climate scenarios and time frames
Applying Physical Risk Assessments in Practice
◆ Understand what the outputs of a physical risk assessment typically look like, including data tables, scenario comparisons, and methodology explanations
◆ Recognise how physical risk assessments inform procurement, operations, product design, and finance decisions
◆ Identify the company and climate data needed to carry out an assessment
Format
This masterclass is a single recorded session, approximately 1 hour in duration, and can be completed at your own pace. It is the second of four sessions in the Climate Risk Masterclass Series.
Topics covered include:
- The five-step process for assessing physical climate risk
- Identifying risk sources and sourcing climate hazard data
- Assessing exposure and vulnerability, and calculating risk
- Evaluating risk under different scenarios and time horizons
- Real-world examples, including a sourcing case study and Unilever's physical risk disclosures
- How physical risk assessments are applied across the business
Who This Is For
This masterclass is designed for professionals involved in climate risk, sustainability reporting, governance, and decision-making, including those in leadership and management roles:
◆ Sustainability and ESG professionals
◆ Sustainability consultants and advisors
◆ Finance and accounting professionals
◆ Risk and compliance professionals
◆ Internal and external auditors
◆ Assurance professionals
