What and why
The climate risk assessment in Voyager follows a structured process that meets the EU Taxonomy's requirements for a climate risk and vulnerability assessment. It combines Telescope's automated hazard data with your team's knowledge about the building to determine whether the property is vulnerable to climate hazards and whether mitigation measures are needed.
The assessment has two phases: screening (automated) and risk assessment (your input).
How it works
Phase 1: Screening (automated)
The first phase determines whether the property is vulnerable. It has three components:
Step 1: Pre-screening. Telescope automatically maps the property against all known climate hazards (flooding, landslides, storm surge, quick clay, heavy precipitation, and others) using public data from NVE, DSB, Kartverket, and climate projection models. This step is fully automated.
Step 2: Exposure assessment. For each hazard, Telescope calculates an exposure level ranging from not exposed to very high. The level is determined by taking the highest risk between current climate conditions and future projections. This step is also automated.
Step 3: Sensitivity. This is where your team's knowledge comes in. For each hazard the property is exposed to, you assess how sensitive the building is based on its type, function, construction, and structural characteristics. For example, a high-rise building is more sensitive to strong winds than a low-rise warehouse. If a property is marked as not sensitive to a hazard, it is classified as not vulnerable and you don't need to continue to phase 2 for that hazard.
Exposure and sensitivity together determine vulnerability. The system calculates this using a vulnerability matrix ranging from very low to very high. If vulnerability is low or very low, no further assessment is needed for that hazard.
Phase 2: Risk assessment (your input)
For hazards where vulnerability is medium or higher, you continue with a detailed risk assessment:
Unwanted occurrences. You describe what could happen if the hazard occurs. For example, for a property exposed to flooding, an unwanted occurrence might be "water damage to ground floor retail units." You can add multiple unwanted occurrences per hazard.
For each unwanted occurrence, you assess:
Likelihood. How likely is it that this will happen during the building's lifetime? Options are unlikely, possible, or likely.
Consequences. You evaluate the potential impact across several categories: economic and material value (as a percentage of property value), health and safety, rental income, and building elements. Each is rated from very low to very high.
Knowledge base. You document what sources and information your assessment is based on, and rate the uncertainty level as low, medium, or high.
Based on the combined likelihood and consequences, Telescope calculates a risk level and determines whether mitigation measures are recommended.
Mitigation measures. When the risk evaluation recommends measures, you add them separately from the assessment flow. Describe the measure, assign it to a team member, and track progress from planned to completed. Measures are visible on the property page and under Measures in the sidebar.
Good to know
You don't need to complete the entire assessment in one sitting. Your progress is saved, and you can pick up where you left off.
The automated steps (pre-screening and exposure) update when new data becomes available from the authorities. Your manual inputs (sensitivity, unwanted occurrences, consequences) are preserved.
If property value data is available, the economic consequence assessment automatically estimates the financial impact based on the consequence level you select. You can adjust this estimate manually if needed.