Understand your climate risk. Physical and transition, assessed and prioritised.

Climate change presents real and growing risks to organisations, from the physical impacts of extreme weather on assets and operations to the transition risks created by policy, technology and market change. Understanding these risks is now a core part of good governance, and increasingly a regulatory requirement.

AES conducts climate change risk assessments for organisations and projects across Australia. We help you identify, assess and prioritise your physical and transition climate risks, and turn that understanding into practical management and disclosure.

Featured Project

Environmental Management Plans & Inspections

Noosa, Queensland

Applied Environment & Safety provided environmental support to PCA Ground Engineering during road embankment stabilisation works in Noosa, Queensland. These works were important to maintaining the long-term serviceability of the road and drainage infrastructure at this location.

Our role on this project was to provide technical environmental support. This included the development of a Construction Environmental Management Plan, Sediment and Erosion Control Plan, and Rehabilitation Plan. Then we undertook inspections of the works during construction to ensure compliance with the controls for the environmental aspects.

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What is a Climate Change Risk Assessment?

A climate change risk assessment is a structured process for identifying and evaluating the risks that climate change poses to an organisation or project. It considers two broad categories: physical risks, such as damage from extreme weather, heat, flooding or sea level rise, and transition risks, such as changes in policy, carbon pricing, technology, market demand and reputation as the economy shifts towards net zero.

The assessment typically involves mapping climate hazards against the organisation’s assets, operations and value chain, testing exposure under different climate scenarios, and prioritising risks by likelihood and potential impact.

Climate risk is now financial risk. Under the ASRS, large entities must identify, assess and disclose their material climate-related risks, including through scenario analysis. Beyond compliance, a climate change risk assessment protects value: it helps organisations anticipate disruptions to assets and supply chains, make better long-term capital and investment decisions, and build resilience into operations and planning.

What we include

AES delivers structured, evidence-based climate change risk assessments, including:

  • identification of physical and transition climate risks
  • mapping of climate hazards against assets, operations and value chain
  • climate scenario analysis using recognised pathways
  • risk assessment, prioritisation and registers
  • consideration of climate-related opportunities
  • recommendations for risk management and adaptation
  • assessment outputs ready for disclosure and strategy

Industries We Support

Applied Environment & Safety conducts climate change risk assessments for organisations and projects across a range of industries.

Why Work With Applied Environment & Safety

We deliver climate change risk assessments that are structured, evidence-based and directly useful for decision-making and disclosure. Our team understands both the technical side of climate risk and scenario analysis and the practical need to produce outputs your board, your project team and your reporting can actually use.

We assess physical and transition risk with equal rigour, ground our analysis in recognised climate scenarios, and prioritise risks so you know where to focus. Our work aligns with ASRS and ISSB requirements and integrates directly with your disclosure and strategy.

AES combines climate risk expertise with deep environmental and emissions experience. As a certified carbon neutral organisation, we bring first-hand understanding of the transition to every assessment.

Discuss your climate change risk assessment requirements

Tell us about your organisation or project. Our team will come back to you within one business day to discuss how AES can support your climate change risk assessment.

Contact our team today to discuss your project requirements.

Other Sustainability Services

Carbon Accounting

Measure, verify and report your organisation’s greenhouse gas emissions across Scope 1, 2 and 3. AES provides end-to-end carbon accounting services that give you a credible, audit-ready picture of your emissions baseline that is essential for mandatory disclosure, target-setting and abatement planning.
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Sustainability Reporting

Navigate mandatory and voluntary sustainability reporting with confidence. AES prepares sustainability reports aligned to GRI, ASRS (AASB S1/S2), ISSB and other recognised frameworks. Every report is accurate, framework-compliant and ready for publication.
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NGER Reporting

Meet your National Greenhouse and Energy Reporting obligations accurately and on time. AES manages the full NGER data collection, calculation and lodgement process for energy producers, large facilities and controlling corporations.
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Materiality Assessment

Identify the sustainability issues that matter most to your business and your stakeholders. AES conducts robust materiality assessments that form the strategic foundation for your sustainability programme. Each assessment is structured, evidence-based and aligned to GRI, ISSB and ASRS requirements.
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Sustainability Management Plans

Embed sustainability requirements into project delivery with a structured, practical sustainability management plan. AES develops SMPs for infrastructure, construction and development projects of all scales. Each plan is specific to your project, aligned to client requirements and written to be used.
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Decarbonisation Strategy

Chart a credible path to net zero. AES develops decarbonisation strategies that turn your emissions baseline into a practical, staged reduction pathway aligned to your targets, operations and reporting obligations.
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Sustainability Framework

Give your sustainability programme a clear structure. AES develops practical sustainability frameworks that connect your material issues to strategy, commitments, governance and reporting.
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Climate-Related Disclosures

Meet your mandatory climate reporting obligations with confidence. AES prepares ASRS and ISSB-aligned climate-related disclosures that are accurate, defensible and audit-ready.
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Infrastructure Sustainability Rating

Deliver and demonstrate sustainability performance on major projects. AES provides practical, credit-focused support through the ISC Rating process, from planning to verification.
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View all Sustainability Services

Resources & Insights

  • Corporate Climate Change & Decarbonisation Planning

    Corporate Climate Change & Decarbonisation Planning

    Turning climate commitments into practical action requires more than setting emissions targets. Organisations need a clear understanding of their emissions profile, realistic reduction opportunities and a plan for putting those opportunities into practice.  Applied Environment & Safety recently supported a major infrastructure and utilities business in developing its 2027–2032 Climate Change and Decarbonisation Plan, building…

  • Environmental Tender Support for a Major Transmission Project

    Environmental Tender Support for a Major Transmission Project

    Applied Environment & Safety supported a design and construct contractor through the tender phase of a major transmission infrastructure project in the Hunter Valley, New South Wales.

  • What is the Rehabilitation Hierarchy? A Guide to Land Rehabilitation and Environmental Management

    What is the Rehabilitation Hierarchy? A Guide to Land Rehabilitation and Environmental Management

    Rehabilitation is often viewed as the final stage of a project, something that occurs once construction or operations have ceased and equipment has been removed. In reality, effective rehabilitation begins long before the first disturbance occurs. The most successful rehabilitation programs are guided by a rehabilitation hierarchy, a structured framework that prioritises avoiding impacts wherever…

FAQ’s

Common questions from organisations about carbon accounting.

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What is a climate change risk assessment?

A climate change risk assessment is a structured process for identifying and evaluating the risks climate change poses to an organisation or project, covering physical risks such as extreme weather and flooding, and transition risks such as changes in policy, carbon pricing, technology and market demand.

What is the difference between physical and transition climate risk?

Physical risks are the direct impacts of a changing climate on assets and operations, such as heat, flooding, storms and sea level rise. Transition risks arise from the shift to a net zero economy, including policy and carbon pricing changes, technology shifts, market demand and reputation.

Do we need a climate change risk assessment for ASRS?

Yes. Under the ASRS, large entities must identify, assess and disclose their material climate-related risks, including through scenario analysis. A climate change risk assessment produces the analysis and outputs needed to support that disclosure.

Who needs a climate change risk assessment?

Large entities disclosing climate risk under ASRS, infrastructure and asset owners with long-lived, climate-exposed assets, organisations undertaking scenario analysis, project proponents assessing climate risk in approvals or design, and boards seeking to understand and govern climate risk.