Our client, an electricity distribution company was concerned about the growing impacts of climate change in their distribution license area. Repetitive instances of extreme temperatures rise, heavy rainfall with inundation of equipment, heavy storms causing damage on distribution towers was creating a major concern among the company leadership as well as investors.
Energy Distribution
Energy Distribution Company builds Climate Resilience
The Problem
The Intervention
We carried out a comprehensive climate risk and opportunity assessment study following the TCFD framework. The risk mitigation costs were arrived at in consultation with the site level leadership of the company. The results were incorporated in the existing risk management framework of the company.
The Result
The risk management team of the company has been able to get several of the major risks insured. For the other risks that could not be insured, comprehensive plans have been prepared on actions to be taken to build resilience.