Climate Risk Management
CPChem uses climate-specific scenario analyses to assess climate-related risks, categorized into physical risks (e.g., flooding, extreme heat, hurricanes, water scarcity) and transition risks (e.g., policy changes, market responses). These analyses inform CPChem’s Enterprise Risk Management and strategic planning, ensuring resilience and competitiveness.
In 2024, CPChem revisited our Climate Risk Assessment. Incorporating data from the latest IEA NZE scenario and other third-party sources aligned to IPCC RCP 7 and RCP 8.5, we utilized scenario-planning tools for our internal analysis of transition and physical risks. The 2024 results identified risks consistent with our previous analyses. Risks discussed in previous reports are summarized at the end of this document.
