A Framework for Measuringand Reporting of Climate-related Physical Risks to Built Assets
Creator: UKGBC
Type of methodology: Reporting framework
Approach type: CVRA (Climate Vulnerability and Risk Assessment)
Short description: Reporting framework, containing elements of process-based CVRA
URL to access information about the tool: https://ukgbc.s3.eu-west-2.amazonaws.com/wp-content/uploads/2022/02/09114419/UK…
Hazards covered: Droughts
Audiences: Architects and engineers
Assessment level: Building
Evaluation system:
Risk = hazard x exposure x vulnerability x capacity
Strengths:
- Clear methodology and accompanying framework
- Practical guidance with a focus on buildings
- Aligned with TCFD recommendations
Limits:
Reporting framework rather than CVRA methodology
The Framework includes different sections relevant to CVRA:
- Section 1: Initial Information.
- Sections 2 and 3: Assessing Baseline and Future Risk from Physical Hazards.
- Previous Physical Risk Assessments (Review)
- Historic Impacts (provide records of)
- Describing Inherent Vulnerabilities and Resilience Measures
- Assessing the Likelihood of Impacts
- Assessing the Consequence of Impact
- Assessing Risk Rating
- Assumptions and Limitations (document)
- Section 4: Assessing Overall Risk Rating
- Interdependencies Analysis
- Cost impact
- Overall Risk Rating
- Adaptation Measures
- Section 5: Using the Framework to Disclose Physical Risk
The reporting FWC is linked to the TCFD recommendations.
