What and why
The climate risk assessment meets the EU Taxonomy's requirement for a climate risk and vulnerability assessment. It combines Telescope's automated hazard data with your team's knowledge of the building to work out whether a property is vulnerable to climate hazards, and whether measures are needed.
The assessment has two phases: screening, which is automated, and risk assessment, which is your input.
Where you start
Open Climate risk to see your whole portfolio for this risk as a prioritized list. Properties with a high climate risk score that have not been assessed yet sit at the top, under "High risk score, not assessed," so you deal with known exposure first. The list groups properties by what needs doing, settled properties (Up to date) collapse at the bottom with a count, and a summary line above shows where the whole portfolio stands.
Open a property to begin. You land on its pre-screening page, which lists every hazard with its exposure level. This is your hub for the property: you work through the hazards from here, and you come back here between them.
Phase 1: Screening
Screening determines whether the property is vulnerable. It has three parts.
Pre-screening (automated). Telescope maps the property against all known climate hazards, such as flooding, landslides, storm surge, quick clay, and heavy precipitation, using public data from NVE, DSB, Kartverket, and climate projection models.
Exposure (automated). For each hazard, Telescope sets an exposure level from not exposed to very high, taking the higher of today's conditions and future projections.
Sensitivity (your input). For each hazard the property is exposed to, you assess how sensitive the building is, based on its type, function, construction, and structure. A high-rise, for example, is more sensitive to strong wind than a low warehouse. If the building is not sensitive to a hazard, it counts as not vulnerable, and you can stop there for that hazard.
Exposure and sensitivity together give vulnerability, on a matrix 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
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 "water damage to ground floor retail units" for a flood-exposed property. You can add more than one per hazard.
For each unwanted occurrence, you assess:
Likelihood: how likely it is during the building's lifetime, as unlikely, possible, or likely.
Consequences: the potential impact across economic and material value (as a share of property value), health and safety, rental income, and building elements, each from very low to very high.
Knowledge base: the sources your assessment rests on, with an uncertainty level of low, medium, or high.
From likelihood and consequences together, Telescope works out a risk level and whether measures are recommended.
Measures. When measures are recommended, you add them separately from the assessment flow. Describe the measure, assign it to someone, and track it from planned to completed. Measures show on the property page and in the portfolio overview.
Coming back to a completed assessment
A property you have finished can resurface under Review changes if the data behind it moves. Two things put it there: measures have become recommended, because rising exposure pushed the property to medium vulnerability or higher and it is no longer compliant, or a new hazard now applies that has never been assessed. The property stays completed either way. The flag only asks for a second look, and it clears once you review the moved result or assess the new hazard.
Good to know
You do not need to finish in one sitting. Your progress is saved, so you can pick up where you left off, and the arrows take you straight to the next property in your list.
The automated steps, pre-screening and exposure, update when new data comes from the authorities. Your manual input, such as sensitivity, unwanted occurrences, and consequences, is kept.