At present, there is no established framework for conducting climate risk assessments, leaving stakeholders confused and under supported by the lack of consistency and varying degrees of resolution amongst data or service providers. This lack of clarity inhibits critical decision-making on climate resilience and adaptation actions, and with climate change increasing the frequency and intensity of hazards, there is a growing need for a framework that champions transparency.
The taxonomy defines the levels of risk assessment required, at a minimum, to make certain decisions or take actions with sufficient confidence to increase climate resilience across an organization’s buildings. It establishes consistency in the methods, data needs, data quality and resolution, and metric types for meaningful risk assessments. The taxonomies are for use by a range of stakeholders, including organizations that need to consume risk information and take action on resilience as well as consultants, across public and private sectors, and can help answer a range of questions pertaining to identifying, describing, and addressing climate risk.
