Advancing Climate Resilience Through Innovation
- Catherine Louropoulou
- 2 days ago
- 2 min read
A New Era in Climate Risk Management
As Europe experiences increasingly severe climate-related events — from devastating floods to unprecedented heatwaves — climate adaptation and resilience have become essential to the sustainability and competitiveness of organizations. The Federation of European Risk Management Associations (FERMA) has emphasized that effective climate resilience requires a holistic approach to risk management — one that integrates risk assessment, adaptation, and financing.
From Policy to Action
FERMA’s recent contribution to the European Commission’s call for evidence highlighted the urgent need to close climate protection gaps and to strengthen risk management at the enterprise level. As natural catastrophes (NATCAT) become more frequent and destructive, organizations are exposed to increasing financial uncertainty and declining insurance availability.
According to FERMA’s 2024 European Risk Managers Survey, climate adaptation, the transition to carbon neutrality, and natural disasters are identified as the top three risks for the coming decade. Moreover, over 50% of risk managers believe that certain risks — particularly natural catastrophes — will soon become uninsurable.
Promoting Good Risk Management Practices
FERMA underlines that bridging the climate insurance gap requires not only financial mechanisms but also robust risk management practices across all sectors. It also stresses the need for greater awareness and education among organizations and citizens about climate-related risks and insurance coverage.
Bridging the Climate Protection Gap with Technology
Our Proposal: RiskClima
To support the EU’s objectives, we introduce RiskClima — an Innovative Climate Risk Management Tool fully aligned with FERMA’s vision and the European Commission’s call to strengthen resilience and risk management within the European Union.
Our cloud-based Climate Change Risk Assessment Tool directly addresses today’s challenges by transforming complex climate and operational data into useful and actionable insights. Developed with next-generation technologies, it enables Risk Managers to identify vulnerabilities, model the impacts of climate change, and design effective adaptation strategies — all in real time.
RiskClima allows organizations to identify, assess, and prioritize climate risks through interactive dashboards and scenario simulations, helping businesses integrate climate resilience into their decision-making processes.
From Insight to Impact
The cost of inaction is far greater than the cost of adaptation. By combining policy insight, sound risk management practices, and advanced digital technologies, RiskClima empowers organizations to transform data into resilience, uncertainty into preparedness, and intent into measurable progress.
It offers a reliable pathway toward a more resilient and informed European business community — ready to face the challenges of a changing climate.
See FERMA's response to the Commission’s call for evidence on climate resilience and risk management: