Physical Climate Risk Assessment Methodology (PCRAM)
Creator: PCRAM
Type of methodology: Rating or Index system
Approach type: CVRA (Climate Vulnerability and Risk Assessment)
Short description: The report recommends using scenario analysis to consider physical risk. This includes identifying drivers of change, ranking them in terms of importance and building scenarios around them.
URL to access information about the tool: https://storage.googleapis.com/wp-static/wp_ccri/c7dee50a-ccri-pcram-final-1p.p…
Hazards covered: Others
Audiences: Architects and engineers
Assessment level: Business line
Evaluation system:
N/A
Strengths:
Provides recommendations for scenario analysis disclosures in relations to physical risk (concrete steps)
Limits:
- Not specific to buildings
- Does not describe steps of a specific methodology
The report makes recommendations for scenario analysis disclosures in relations to the assessment of physical risk. The report identifies key steps to scenario planning, that can be relevant in the context of CVRA:
- Define the geographic scope and the planning goal; identify relevant stakeholders and facilitators
- Define the most relevant drivers of change (climate and non-climate)
- Address questions about certainties or uncertainties of the relevant physical climate risks and opportunities
- Address other drivers of change (socio-economic, political)
- Rank these factors based on their level of uncertainty and importance
- Procure data
- Build scenarios
- Define strategy
- Identify opportunities to monitor change
