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Ext. PublicationClimate Risks and Opportunities: Weaver’s ESG Commitment
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Weaver continues its unwavering dedication to addressing climate-related challenges through proactive measures and strategic analyses. Our recent initiatives have focused on evaluating and mitigating the impact of climate risks on our operations guided by the principles outlined by the Task Force on Climate-related Financial Disclosures (TCFD).
We conducted a comprehensive physical climate risk analysis assessing the exposure of our office locations to natural disasters and climate-related hazards. By leveraging risk scores from the Federal Emergency Management Agency (FEMA) and evaluating vulnerability levels, we identified areas of high risk, particularly in our California and Texas locations. This data-driven approach informs our prioritization of mitigation efforts, ensuring that resources are allocated where they are most needed to safeguard our operations.
Furthermore, our assessment extends beyond acute weather hazards to encompass chronic risks associated with gradual climate changes. Through scenario analyses using Representative Concentration Pathways (RCPs) and Shared Socio-economic Pathways (SSPs), we anticipate and prepare for potential climate impacts through the year 2100. This forward-looking approach enables us to develop targeted mitigation strategies tailored to our most vulnerable locations, ensuring resilience in the face of evolving climate risks.
In exploring contrasting climate scenarios, we recognize the dual challenges and opportunities presented by high-emission and low-carbon pathways. While high emissions scenarios pose risks to employee well-being and operational disruptions, low-carbon transitions offer opportunities in decarbonization and renewable energy. Weaver can navigate these scenarios, leveraging our knowledge in risk management, strategic planning and sustainability reporting to guide both our operations and clients through the transformative landscape ahead.
As we continue to uphold our commitment to managing climate risks and seizing opportunities in the environmental, social and governance (ESG) space, Weaver remains steadfast in our mission to drive sustainable practices and resilience in a rapidly evolving world.
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