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Climate Risk Capability Statement Climate Risk Capability Statement JACOBS® >Jacobs at a glance Dall as, Texas 1947 Contents Founded by Headquartered in Joseph J. Jacobs Dallas, Texas Jacobs at a glance ...........................................2 74,000 400+ 40+ $10 $7.79 About Jacobs ..................................................2 Employees Locations Countries Billion 2017 Revenues Billion 2016 Client Savings Understanding and Managing Climate Risk .....3 Why Jacobs? ...................................................4 The Need to Manage Climate Risk to Assets & Infrastructure ...............................................5 About Jacobs Climate Risk Disclosure and Reporting ...........6 Climate Risk Health Check Tool/Application.....7 > Jacobs Climate Risk Team ..............................8 Jacobs Engineering Group Inc. is one of the world’s largest Central to the Jacobs culture of building relationships and and most diverse providers of technical, professional, and developing trust is a global network of offces and specialists About ClimSystems .........................................8 construction services, including all aspects of engineering, who work together to solve the toughest design and building About Informed365 ..........................................8 architecture, and construction, operations and maintenance, problems in the world. Jacobs is literally a company that never as well as scientifc and specialty consulting. We serve a broad sleeps. The sun shines on project teams hard at work every Recent Climate Risk Projects .........................10 range of companies and organisations, including industrial, hour of every day. This provides constant potential not only for commercial, and government clients across multiple markets sharing (and accelerating) work, but also the opportunity to tap and geographies. into a deep repository of expertise. Our global network includes more than 400 location in more The Jacobs network encourages team members to reach out than 40 countries, with operations in North America, South to other offces around the world to collaborate on problem America, Europe, the Middle East, India, Australia, Africa, and solving and best practices at every level. The result is world- Asia. Jacobs was founded in 1947 and our headquarters is in class client solutions based on long-term relationships and the Dallas, Texas. fundamental drivers of trust. Circular Economy Capability Statement Understanding and Managing Climate Risk Jacobs is committed to providing solutions for a more connected sustainable world. We aim to deliver this by integrating sustainability and resilience into our business: through our business model, our procedures, how we deliver our projects and infusing it across our culture. We have a reputation as a thought leader and trusted advisor in climate resilient infrastructure. Jacobs has state ---of the art tools and processes to help you manage climate risks to your infrastructure and assets and build their resilience to climate change and other natural hazards. Our existing infrastructure and that being built to accommodate growing populations faces increasing climate -related challenges, including from: extreme rainfall events and extreme fooding; sea level rise, salt water intrusion and coastal erosion; heat; water insecurity; wildfres and storms. Infrastructure that is resilient to future climate and extreme weather events will help to maintain better functioning and more liveable cities and communities. There are growing expectation on all organisations to understand, disclose and manage climate risk to assets/infrastructure, this includes the recent disclosure and reporting recommendations introduced in 2018 by the Task Force on Climate - Related Financial Disclosures (TCFD). 3 Circular Economy Capability Statement >Why Jacobs? We want to help you Our climate specialists work We can help you to report We also provide Our approach is pragmatic, We work across understand and manage closely together with our and disclose these risks ‘state-of -the-art’ tools to and our solutions are geographies, infrastructure the risks that climate infrastructure specialists and satisfy reporting needs, help you undertake your based on the best available types and industry sectors change poses to your in an integrated and such as those proposed by climate risk assessments science and technology. and can bring insights from infrastructure and assets. interdisciplinary team, as the Taskforce for Climate across multiple assets We focus on delivering cost these experiences to our We have the skills and tools they understand (at depth) Risk Financial Disclosures and regions. Our tools effective and proportionate clients’ operations. to do so and a strong track our clients infrastructure (TCFD). are scalable to any asset responses to emerging record in working with and assets, as well astheir portfolio, from small or climate risks. owners and operators of resilience challenges. very large. Our tools can most kinds of infrastructure also help you to report and clients to identify and disclose these risks. manage climate risks. 4 Circular Economy Capability Statement The Need to Manage Climate Risk to Assets & Infrastructure Financial losses from natural hazard events such as foods, storms, coastal erosion and wildfres are an Infrastructure (Transport, Water, increasing source of concern for many organisations. Buildings, Environment, The need to understand and manage climate risks and Spatial and Power) build resilience for key assets and infrastructure against such events is an increasingly pressing corporate risk management issue. The best available science projects that climate M A T S EN variability will increase and that extreme climate events S MOVEM R I R S E will occur more frequently and/or become more severe. I T NG A Potential impacts from these changes mean that there GROUNDW is a need to better incorporate climate -related issues V T I O N SUNAM L O into decision- making by companies, governments C I E A PT X E NI RU T R C E U ER T insurers, investors and fnanciers. Many of these risks M RA E TEMPE ST D are outlined in Fig X below. Advanced planning leads Planning and RONG WIN Social and to smarter approaches and saves money and time in Consenting Environmental management and recovery. DROUGHT D AM EAK C BR E O A E N R K A THQUA O S I T T A A L D ER UN OS IN ION & W ILD FIRES S N E O H W C N , IC A E & AVAL FLOOD Emergency Management Fig X: Climate Impacts and Asset Management 5 Circular Economy Capability Statement >Climate Risk Disclosure and Reporting New climate risk disclosure and reporting guidance for asset owners was introduced in 2018 by the G20 Financial Stability Board’s Task Force on Climate- Related Financial Disclosures (TCFD). The reporting CONSO IDATED R SK OVERVIEW (A Y LEVEL) should be done annually usually as part of annual reporting. The Taskforce has developed voluntary, consistent climate-related fnancial risk disclosures for use by companies and organisations in providing information to investors, lenders, insurers, and other stakeholders. The reporting covers physical, liability and transition risks associated with climate change and what constitutes effective fnancial disclosures : RATING ,,' I' across industries. This guidance will help companies H and organisations understand what fnancial markets 11~,_~ .. ·:. ~, ' want from disclosure to measure and respond to climate change 0 Started: 05/12/2016 ~ Completed: 05/12/2017 -:'.'.· Progress: 100% G20’s Financial Stability Board (FSB) is chaired the Bank of England and the FSB Task Force on Climate-Related Financial Disclosures (TCFD), is chaired by Michael Bloomberg. The TCFD is - promoting climate-related disclosures so that a variety . ,.._.... of stakeholders can understand the concentrations of carbon-related assets in the fnancial sector and the L ...... fnancial system’s exposures to climate related risk. : - Many sectors are strongly encouraged to disclose . and report: Financial (banks, insurers, asset owners and managers) and Non-Financial (transport, energy, buildings and agriculture sectors). Increasingly infrastructure fnanciers are looking for this information as part their due diligence assessments. Company Directors also have a legal obligation to ensure their company is actively managing these risks. "It is almost certain that directors of an Australian company will one day face legal action for neglecting to properly account for the potential impact of climate change on their business." - Noel Hutley SC, 2018 6 Circular Economy Capability Statement >Climate Risk Health Check Tool/Application Tool Name Jacob’s and our partners ClimSystems and Informed365 provide ‘state-of -the-art’ tools to help you effciently undertake your climate risk assessments across multiple assets and regions. Our tools are scalable to any asset portfolio, from small or very large. Our tools can also help you to report and disclose your climate risks. i365’s unique Climate Risk Health Check (CRHC) screening tool provides a centralised aggregation point for all asset climate risk assessments in a comprehensive and integrated online platform. Data and recommendations are stored in a searchable database and the tool allows you to produce any manner of reporting - by individual asset, by asset/service types, and by Business Units. Each clients’ tool will be bespoke and customised to your needs. It will be licenced for use by your organisation in perpetuity through a small annual maintenance charge. The charge covers annual updates to both
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