Specialist management consultant Horváth has partnered with UK-based flood scientists JBA Risk Management in order to help its clients meet the growing international need for physical risk sustainability reporting in the wake of climate change.
The rapidly-expanding, Stuttgart-based consultancy, which provides transformation, performance management and digitalization expertise to companies around the world, will be able to access JBA Risk Management’s location level data related to physical risk – including flood maps as well as flood depths, JBA Flood Scores and Floodability data, for both current day and future flood risk, considering multiple climate change scenarios (RCPs and SSPs) and time horizons.
The high-quality, easy to use flood data, enables Horváth to provide insight for its clients into the physical flood risks they face as part of risk sustainability reporting requirements. In Europe, for example, the first mandatory physical risk reports under the Corporate Sustainability Reporting Directive (CSRD) are due to be submitted by impacted businesses from 2025.
Stefan Tobias, Partner & Head of CFO Strategy and Performance, Horváth, commented:
“The partnership with JBA enables us to more accurately assess current and future risks resulting from severe weather and flooding incidents for our 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.”
Judith Ellison, Head of Business Development, JBA Risk Management, commented:
“Our physical risk data supports the increasing global demand for compliance with regulatory-driven 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. 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.”