Climate Risk Assessment
Understand the climate risks your company faces, and your current climate risk score across the four core TCFD pillars: governance, strategy, risk management, metrics & targets
Prepare for Climate Risk Reporting
Get ready for climate-related risk reporting and build effective strategies to mitigate risk exposure.
Get Prepared
Learn how Good.Lab can support your business on climate reporting:
Stay ahead of changing climate reporting & ESG regulations
Climate-related risk reporting is becoming more widespread. California leads the way with its GHG Accountability Bill on Climate-related Financial Risk, SB 253 & SB 261, followed by the upcoming SEC climate disclosure rule, and potential climate risk disclosure legislation in New York and other states.
These regulations hold the potential to impact 10,000+ U.S.-based, private, and public companies that are advised to prepare now to disclose a wide range of climate information, including Scope 1, 2, and 3 GHG emissions, and relevant climate-related risks.
Climate Reporting Ready
Assess your readiness for California’s TCFD-aligned climate risk disclosure regulations before reporting begins in 2026 with tools that support your corporate ESG & sustainability reporting efforts.
Get preparedClimate Risk Compliance
Get a tailored roadmap of actions and targets covering your company’s physical and transition climate risks, and plans to mitigate risks, and exploit related opportunities.
Explore approachFuture Proof Reporting
Streamline your reporting for new and upcoming sustainability disclosures, and align with International Sustainability Standards Board (ISSB) & Taskforce on Climate-related Financial Disclosures (TCFD).
ESG reportingGood.Lab’s ESG Software Supports Climate-related Risk Reporting
Good.Lab delivers end-to-end ESG performance management solutions that provide companies of all ESG performance and reporting maturity levels with powerful software and dedicated ESG experts.
We will work together to assess your readiness to report on climate-related risks and prepare you to disclose for regulations, such as California’s SB 261.
Step 1
Assess Reporting Readiness
- Online climate readiness survey
- Multi-stakeholder & unlimited user access
- TCFD-aligned risk assessment
- Covers 4 core TCFD reporting pillars
Conduct a multi-stakeholder, software-based assessment to determine your organizational readiness for reporting on climate-related risks.
Step 2
Reporting Readiness Score
- Get your climate reporting readiness score
- Review results with your dedicated ESG expert
- Drill-down into results across 4 TCFD pillars
- Uncover any gaps in your current reporting capabilities
Get a score assessing your readiness to report on climate-related risks broken down by the four reporting pillars of the TCFD and uncover any gaps in your reporting preparations.
Step 3
Reporting Readiness Roadmap
- A clear path to compliance and risk mitigation
- Tailored roadmap for actionable compliance improvements
- Determine improvement time horizon for compliance
Get your tailored roadmap of action items to prepare for reporting on climate-related risks, plus gain visibility into levers to bolster your long-term climate strategy.
Step 4
Climate Reporting Compliance
- Governance
- Climate Strategy
- Climate Risk Management
- Metrics and Targets
Once you complete your climate risk roadmap of actions, you’re ready to conduct voluntary or mandatory ESG reporting disclosures in line with TCFD & ISSB.
Good.Lab’s Approach to Climate-related Risk
We understand that every company is different, and we’ll work with you to identify the unique climate risks that your business faces, considering factors such as location, industry, supply chain, and disclosure requirements. Our work is guided by the latest scientific research and data to provide accurate and actionable insights into your climate risks, helping you make more informed decisions.
Legislature & Regulations
Ensure compliance with the related geography and industry-specific legislation and regulations, including California’s SB 261 that impact your business
Climate Risk Roadmap
Your customized climate risk roadmap helps you to mitigate risks, exploit opportunities, and prepare for industry-compliant risk reporting
Take the next steps in assessing your company’s preparedness for climate reporting.
Reach out today to demo our Climate Risk Readiness solution and prepare your business navigate climate-related risk disclosures.
Schedule A ConsultationGood.Lab’s Approach to Climate-related Risk
We use the latest , helping you make more informed decisions.
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Climate Risk Readiness FAQs
Climate Risk Readiness refers to a company’s preparedness to handle and adapt to the challenges posed by climate change. It involves assessing the physical and transition risks associated with climate change. It will help companies determine whether they are prepared to meet climate risk disclosure regulations like California’s SB 261 and build strategies to ensure compliance and mitigate risks.
Climate risks are the potential negative impacts that could happen to an organization due to climate change. These include physical risks, such as flooding from rising sea levels or damage from extreme weather events, and transition risks, which arise from the shift towards a low-carbon economy, including changing market demand, regulations, and damaged reputation.
- Physical Climate Risks: The direct damage to assets from extreme weather, forest fires, flooding, etc., or indirect impacts from broader changes in climate patterns and extreme weather events affecting global supply chains, agriculture, and migration.
- Transition Climate Risks: These are risks associated with the transition to a low-carbon economy, including policy changes, evolving market preferences (switch to low-carbon sustainable products), and advancements in technology affecting business models.
Many global regulations for climate risk disclosure, including California’s SB 261, are TCFD-aligned. TCFD alignment in climate risk disclosure refers to reporting practices that align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). It involves disclosing the financial impacts of climate risks and opportunities on an organization’s operations and strategy by using four reporting pillars.
The TCFD’s four reporting pillars are:
- Governance: The organization’s governance around climate-related risks and opportunities.
- Strategy: The actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.
- Risk Management: The processes used by the organization to identify, assess, and manage climate-related risks.
- Metrics and Targets: The metrics and targets used to assess and manage relevant climate-related risks and opportunities.
These are also the reporting pillars of the IFRS – International Sustainability Standards Board (ISSB).
Mandatory climate risk reporting varies by jurisdiction and industry. Some regions and regulatory bodies are increasingly requiring organizations to disclose climate-related risks. California’s recent Senate Bill 261 will require over 10,000 companies doing business in California to report on their climate risk by 2026. The EU also has a climate risk disclosure regulation, and the US SEC could also pass one soon.
Good.Lab’s Climate Risk Readiness solution helps businesses identify and manage climate-related risks and opportunities. It provides insights and tools to develop a comprehensive strategy and help companies align with global standards like the TCFD and ISSB to enhance resilience and ensure regulatory compliance.
Good.Lab’s Climate Risk Roadmap is part of our Climate Risk Readiness solution and includes a strategic plan tailored to your business, outlining steps to manage and mitigate climate risks and a pathway to reporting and compliance. It covers risk identification, resilience planning, and guidance for aligning with global reporting standards such as the TCFD framework.
GoodLab. uses the latest scientific research and data to provide accurate and actionable insights into your climate risks.Our team of experts can help you implement measures to reduce your carbon footprint, increase your resilience to climate impacts, and meet regulatory requirements, including, industry specific research reports from academia, research institutes, rating agencies and the ESG risks narratives of industry leaders (sustainability reports and 10Ks). The latest industry specific legislative and regulations, including Industry research briefs from TCFD and the SEC proposal, and the climate risks narratives of top companies in each industry from publicly available sustainability reports.
Climate Reporting Resources
View All
The SEC’s Final Climate Rule: Your Guide To Compliance
After a two-year wait, the U.S. Securities and Exchange Commission (SEC) has officially passed a groundbreaking climate disclosure rule that sets a clear course for business sustainability efforts and provides decision-useful climate risk disclosures to investors. The finalized rule was voted through 3-2 on Wednesday, March 6th, 2024 and will require companies listed on the […]
ISSB Ups the Ante for Climate Disclosures for Mid-Market US Companies
This week, the International Sustainability Standards Board (ISSB), the organization tasked with developing a comprehensive global baseline of sustainability disclosures for the capital markets, announced a unanimous climate decision that under its guidelines, companies will be required to use climate-related scenario analysis as part of their ESG disclosures. Last month, the ISSB confirmed that reporting on Scope 3 emissions – those […]
Infographic: Navigating the SEC’s Climate Disclosure Proposal
With 38 out 50 of the largest global economies enacting or developing disclosure requirements for companies covering environmental, social, and governance (ESG) issues, demand for high quality ESG data will increase in proportion to the pressure from investors, regulators, and others. The time to transform your ESG and SEC reporting processes is now. We’ve put […]