Physical Risks


  • You are a financial service provider facing an increasingly demanding regulatory context (TCFD, local reporting rules).

  • Considering the increase in extreme weather events, you wish to measure the exposure of your investments to climate risks, factor these risks into your strategy, and engage in dialogue with your partners.


Climate Risk Impact Screening (C. R. I. S) is a method developed for financial service providers to assess the exposure of their asset portfolio to physical risks. The method applies to multi-asset investment portfolios (stocks, corporate and sovereign bonds, real assets).
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A comprehensive approach to physical risks

The analysis covers 7 direct and 9 indirect climatic hazards. The 7 direct climatic hazards are provided for 3 IPCC scenarios which correspond to several emissions trajectories.

A bottom-up analysis

Climate Risk Impact Screening (C.R.I.S) provides a risk rating for each of a company’s business segments, based on the sectoral and geographical breakdown of its activities. These ratings are then assembled at the issuer level before aggregating at the portfolio level.

A method rooted in scientific data

The method is based on the study of future climate trends in different countries of the world. This information was built on the results of simulations used in IPCC reports and other databases that compile information on climate change factors or sectoral, corporate and sovereign vulnerabilities. The development of the method has been supported by a scientific council composed of economists and physicists.

A set of indicators to meet different needs

Climate Risk Impact Screening (C.R.I.S) provides several indicators that allow us to obtain several levels of detail on physical risks: from an overall assessment for reporting purposes to a detailed assessment to engage with underlying companies.

Sample company risk analysis

Sample country risk analysis



sector-specific corporate vulnerability profiles


infrastructure profiles covering all sectors


sovereign vulnerability profiles


direct and indirect climatic hazards studied


time horizons studied (2050 and 2100)


IPCC scenarios considered

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