Climate Change Risk & Vulnerability Assessment Software

Streamline your most critical risk assessments with LogicManager’s comprehensive Climate Change Risk Assessment solution package.
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What is a Climate Change Risk Assessment?

Responding to changes in environmental regulations should be a proactive and ongoing process. Not only does it help you avoid financial and reputational costs, but more importantly it keeps you prepared for natural disasters and weather events. Linda Lacewell of the NYDFS summed up the importance of expecting the unexpected: “As the global public health pandemic of COVID-19 has made clear, preparation is key to addressing systemic risks. By the time a crisis occurs, it is simply too late.”

Just recently, the New York Department of Financial Services sent out a letter asking organizations to start integrating the financial risks from climate change into their governance frameworks, risk management processes and business strategies. This warrants the need to conduct a risk assessment of the physical and transition risks of climate change. LogicManager’s Climate Change Risk Assessment solution package is designed to do just that.

Risks

There are significant financial penalties associated with noncompliance with environmental regulations. As a result of the Clean Air Act, Gulf Oil and George E. Warren paid penalties of $7.5 million for violating reporting requirements.

Failing to meet these requirements can also create a negative image for your brand; and a negative reputation is incredibly hard to recover from. Climate change is becoming a growing concern with each passing year, and today more than ever, consumers tend to choose vendors that align with their personal beliefs.

Achieve your Climate Change Risk & Vulnerability Assessment with LogicManager

Prepare for disasters

Within LogicManager, develop business continuity plans and disaster recovery tests that keep your organization prepared for natural disasters and weather events.

Stay ahead of the curve

LogicManager helps you stay on top of changes in environmental regulations. This will prevent you from being caught off guard and help you avoid penalties associated with noncompliance.

Demonstrate a positive brand image

Implementing a robust solution for assessing the risks associated with climate change demonstrates your commitment to going green. This can help you maintain a positive image and brand.

LogicManager’s Climate Change Risk Assessment Solution

Here’s what you can expect with LogicManager’s Climate Change Risk Assessment solution package:

  • Start off on the right foot using our suggested Climate Change risks built on guidance from the PEW Center on Global Climate Change as well as the NYDFS.
  • Increase engagement across your enterprise by sending out direct tasks with email integration to the people closest to the operations and involved with the climate change processes.
  • Continually strengthen your organization through the mitigations that are born out of your climate change assessment.
  • Test the effectiveness of these controls by assigning monitoring tasks to users who will provide crucial qualitative, quantitative and event-driven data.
  • Take advantage of our out-of-the-box regulatory change notification form so that information can be shared with whomever needs to be involved.
  • “Bookmarking” allows you to save the scores of every risk assessment to draw comparisons and see the improvements you’ve made to your processes over time. This also provides an accurate record to regulatory agencies and auditors to satisfy legal compliance requirements.
  • Make links and references from your climate risk assessments to different verticals and horizontals within your organization. This helps you better understand the impact of these risk assessments. LogicManager’s GRC platform helps you visualize interdependencies across other activities at your organization, enabling you to work more efficiently and effectively.
  • Access a wide range of out-of-the-box risk reports, including a variety of heatmaps and plan-specific reports that can be customized and scheduled on a set frequency.
  • Through your subscription, access strategic and best practice advice from our expert Advisory Analysts. Our team is here to help you organize and strengthen your ERM and compliance program and use LogicManager to its fullest potential.

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Climate Change Risk Assessment Tools

Want to learn how LogicManager’s Climate Change Risk Assessment solution package can help transform your ERM program? Start by requesting a free demo today.

REQUEST FREE DEMO