Zurich & KPMG launch climate advisory service

Zurich Resilience Solutions and KPMG Switzerland have formed a partnership to offer advisory services on physical and transition risks associated with climate change.

The offering is initially available in Switzerland and later in other markets across Europe, the Americas and Asia Pacific regions.

The service combines Zurich Resilience Solutions’ physical risk assessment with KPMG’s transition risk assessment and enables businesses to manage their exposures and develop transition strategies to a low-carbon economy. It includes customized climate scenario analysis to identify material exposures and assess financial impacts across the entire value chain.

Sierra Signorelli, CEO Commercial Insurance at Zurich, says, “Our collaboration with KPMG is a great example of how we are delivering on our commitment to use our capabilities to help customers around the globe tackle the challenges of climate change. By working together with a like-minded organization that shares our values and combining our strengths, we can have a greater impact and drive meaningful change towards a more sustainable future.”

Marc Gössi, Global Client Lead Partner at KPMG Switzerland, says “In the current landscape, effective climate risk management has developed into a paramount concern for businesses. The imperative lies in fortifying resilience across the entire value chain. By bringing together Zurich’s strong physical risk capabilities and the specialized expertise of KPMG professionals, we empower our clients to craft judicious and sustainable choices, underpinned by a comprehensive climate risk assessment that takes into account the broader picture.”