Building climate resilience across critical GCC assets
A leading global energy producer in the GCC sought to understand and proactively manage physical climate risks across key Oil & Gas assets. Working with dss+, the organisation piloted a scalable Climate Risk Assessment framework combining exposure analysis, vulnerability evaluation, site validation and adaptation planning. The programme identified 32+ vulnerabilities per key asset, defined 15+ critical risks for adaptation action and quantified more than USD 500 million in Climate Value at Risk, supporting informed decisions to protect assets, maintain business continuity and safeguard long-term enterprise value.
The challenge
Seeking to proactively manage physical climate hazards, the client prioritised several key Oil & Gas assets for a focused pilot evaluation. The objective was to assess each asset’s climate vulnerabilities and adaptive capacity to enable informed decision-making, while establishing a robust, scalable risk assessment methodology for the broader asset portfolio.
The approach
dss+ executed a comprehensive Climate Risk Assessment, rating hazards through exposure assessment, vulnerability evaluation and adaptation planning. A preliminary assessment identified location-specific hazards, followed by targeted site visits to validate findings and secure primary data. dss+ then consolidated its modelling to quantify indicative Value at Risk and produce high-level adaptation strategies in a final report to stakeholders.
Impact on the ground
- 32+ vulnerabilities identified per key asset.
- 15+ critical risks defined for adaptation action.
- USD 500M+ Climate Value at Risk quantified across business continuity and asset risk.
The inflection point
“Our climate resilience programme provided a clear view of over USD 500 million in Climate Value at Risk, enabling informed decisions to protect critical assets, maintain business continuity, and safeguard long-term enterprise value. The result is a more resilient operation, better prepared for future climate challenges.”
- Timothy Paul, Sustainability Principal
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