Advancing technologies, flexible processes, and highest-quality physical climate risk data are combining to support today's and tomorrow’s CSRD financial materiality assessments and disclosure efforts. This Jupiter webinar shows you how.

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Compulsory and both expansive and rigorous in scope, the European Union’s Corporate Sustainability Reporting Directive (CSRD) may—at first glance—seem overwhelming to sustainability, risk, and compliance professionals from the growing thousands of organizations, worldwide, that the regulation affects.

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Many companies are struggling to interpret the detailed guidance within the European Sustainability Reporting Standards (ESRS) or need to better understand critical CSRD components like the double materiality assessment, especially when it comes to the assessment of physical climate risk.

But trusted advisors such as Jupiter have developed technologies, tools, frameworks, and expertise to help companies simplify risk identification and materiality assessment and navigate the CSRD compliance process.

In a recent webinar, CSRD: Understanding Materiality & Physical Climate Risk, Jupiter climate and technical experts Megan Arnold, Allan Kapoor, and Elisa Seith dive deeply into the key elements of the CSRD, its reporting standards and how to meet them, how to assess your asset portfolio for material physical risk, and how to get started today. 

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This on-demand webinar describes a basic framework for identifying, quantifying, and reporting the financial impacts of physical risk, and introduces a solution, Jupiter’s CSRD Toolkit, that supports a science-led approach to compliance. 

A recommended assessment approach

The ESRS do not prescribe a specific materiality assessment methodology; instead, they grant each respondent the flexibility to iteratively design a process that’s most appropriate to their company’s unique conditions and risk thresholds. The Jupiter-recommended, four-pronged approach outlines key steps that such a bespoke process should include.  They are:

• Screen asset portfolios for hazards
• Assess exposure
• Determine materiality
• Report assets at risk

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Highest-quality data—and the right tool to get started

In addition to insights about the assessment process, the webinar and its Q&A session stress the critical importance of using highest-quality, high-resolution, and globally consistent physical risk data as the basis for exposure and vulnerability analysis. For example, the 90m resolution and worldwide coverage of Jupiter ClimateScore™ Global physical risk data enable users to reduce their chances of underestimating—or overstating—material physical risk.

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The Jupiter experts also explain the simplicity and power of the CSRD Toolkit, which streamlines CSRD materiality and physical climate risk reporting by providing:

• Jupiter’s Materiality Tool, which calculates materiality risk rankings based on climate risk data and an asset vulnerability library that aligns with CSRD requirements
• Physical risk data that can be easily leveraged for CSRD reporting internally and within industry-standard reporting systems
• CSRD- and EU Taxonomy-aligned dashboards for hazard screening and exposure assessment
• Documentation and, if needed, limited support.

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A lively, informative one-hour session, CSRD: Understanding Materiality & Physical Climate Risk is available on demand. The session was so successful that Jupiter will be holding “Office Hours Webinars” in the upcoming weeks to address live questions from the online audience. Please sign up here to be notified of upcoming sessions. 

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Reach out and we will help you jumpstart your CSRD reporting today.

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