Peel Ports Group partnered with Royal HaskoningDHV to conduct a comprehensive assessment of their operations in the UK and Ireland, aiming to determine their vulnerability to physical climate risks and develop a climate adaptation strategy.
Working with local teams, we analysed various climate change scenarios projected over the next 100 years. Leveraging our TWINN hazard datasets, we determined the likelihood and impact for a full range of physical climate hazards, including sea level rise, rainfall, and heat, among others. Additionally, drawing upon our climate resilience and maritime expertise, we reviewed the potential financial impacts of all types of flooding on port assets and operations.
Based on our findings, we compiled a detailed report that outlined recommended changes to operational processes and proposed enhanced monitoring of weather conditions and their impacts. These modifications aimed to improve understanding of asset vulnerability and track changing conditions more effectively. We also prioritised specific adaptation actions for each location, highlighting the anticipated capital investment required to improve the resilience of the group's assets.
Implementing the report’s recommended actions is expected to minimise the risk of damage to Peel Port’s assets and the potential operational downtime and loss of productivity which might occur during extreme weather events.
The screening assessment also proposes next steps that will incorporate the consideration of climate change risks into the group’s corporate strategy and business processes.