Climate & Biodiversity Risk Management for Utility Companies

Identifying climate risks at scale, protecting infrastructure and implementing EU regulations

refinq: Nature and Climate Risk Solution Platform for Utility Companies

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Trusted by leading companies

The sustainable transformation of the utilities industry, both strategically and regulatory essential, presents companies with numerous new challenges. Concurrently, previously unimaginable climate events are threatening the physical locations and business foundations of utilities.

Our advanced tool, backed by a team of seasoned experts, offers strategic insights and simplifies regulatory compliance for everyone. This ensures you can proactively secure your operations and consistently guarantee a reliable supply to your customers.

Identifying climate risks precisely

Recognize potential dangers and take measures at an early stage.

Protect critical infrastructure

Make sure that your most important systems are protected.

Fulfill regulatory requirements

Supports you in complying with the EU taxonomy and the CSRD.

Take advantage of our team's expertise and ensure the reliability of your supply. Our tool provides strategic insights and facilitates regulatory compliance so you can be proactive.

As Austria's largest energy company, Wiener Stadtwerke faces significant physical climate risks. These risks are crucial both for regulatory compliance (e.g., CSRD) and to ensure a reliable, future-proof energy supply for Vienna. Additionally, protecting the value of their numerous operational sites is strategically vital. To address these challenges, Wiener Stadtwerke's sustainability, reporting, and risk officers rely on refinq's Nature Intelligence Hub.

"Partnering with refinq has significantly enhanced our ability to manage and mitigate climate-related risks. Their solution is easy to handle and, thanks to the way it’s presented, can be seamlessly integrated with strategic decision making. refinq has proven a reliable and valuable partner and we look forward to continuing our sustainability and risk management journey with them."

Edin Boskovic| Head of Riskcontrolling @ Wiener Stadtwerke

Our tool's features

We use a strictly scientific approach and aim for highest-quality insights

Decision-grade data

Accurate and actionable intelligence

Scenario-based analysis

Assess financial impacts under different climate models

Regulatory Compliance

Fully aligned with EU Taxonomy and CSRD requirements

Benefits

By partnering with refinq, energy providers can achieve:

Cost SavingsStay ahead of nature-related risks with our predictive analytics. Our platform leverages advanced geospatial AI to forecast potential threats from natural events, allowing your company to proactively implement mitigation strategies, reduce downtime, and safeguard assets before incidents occur.

Enhanced EfficiencyReduce the need for expensive post-event recoveries with our cost-effective risk mitigation solutions. By identifying potential risks early and suggesting economically viable preventive measures, our platform helps minimize potential losses and optimizes spending on risk management.

Strategic Decision-MakingMake better, faster decisions with real-time data at your fingertips. Our platform updates continuously, offering the latest in risk assessment and financial implications, so your risk management and sustainability teams can act swiftly and effectively.

Trusted by major utility providers:

"With refinq, we can precisely assess and proactively manage climate risks. The innovative platform helps us to make informed decisions, identify risks at an early stage and achieve our sustainability goals efficiently. Thanks to refinq's reliable insights, we have also strengthened our confidence in the effectiveness of our sustainability initiatives."

Marika Püspök| Chief Climate Officer @ Wiener Stadtwerke

Discover all covered risks and our detailed procedure

Learn more

FAQ

Questions specifically relevant for utility providers and their auditors.

Is it possible to provide “only” the values for RCP 8.5 instead of weighted RCP scenarios?

Yes, it is possible to output only the values for the RCP 8.5 scenario. The tool shows the results for all four RCP scenarios for each location, provided that data is available. For some climate hazards, RCP 4.5 values have a greater impact than RCP 8.5 values (with regard to frost days or hail). You can therefore choose the most suitable scenario for you in terms of content, or work with the weighted values from refinq.

Is there a description of the procedure?

Yes, you will receive a detailed document with background information on the procedure, methodology and sources.

Which climate risks detailed in Annex A can refinq assess?

In short: all of them. Depending on the economic activity, certain climate risks are classified as not relevant, such as the melting of permafrost or the overflowing of glacial lakes, if these climate risks are not relevant for selected economic activities or cannot occur per se at the selected location. However, if desired, the tool also offers the flexibility to identify climate risks that are not relevant.

What time horizon can the tool cover?

The regulatory framework requires the identification of physical climate risks in the short, medium and long term. You can therefore view various time horizons up to 2100 in our tool. This ensures that there is the required link to the expected lifespan of the assets and the company's strategic planning cycles.

Can we use shapefiles or kmz files as input data for the project location?

Currently our API accepts GeoJSON format. A direct upload for shapefiles, kmz, and other common geospatial formats is currently in development.

Is it possible to give access to the platform to several users for the same package?

Yes, its possible to have different user licences. There is also the possibility to give users different permissions (e.g. read only), and to assign them to different departments, such that they only have access to their designated assets.

Ready to Climate-Proof Your Energy Assets?

Don't let climate uncertainty threaten your operations. Contact refinq today and take the first step towards a resilient, sustainable future for your energy business.

book a demo

Learn more about relevant climate risks in our blog

Read up on detailled insights into the science behind climate risks, assessments, and financial implications in our expert-curated blog.

River floodsKnow Your Flood Zone: Don't Let Flood Risk Sweep Away Your Business. Get Assessed & Protect Your Investment

Wildfires The Looming Inferno: Increasing Wildfire Preparedness

Windstorms Brace for the Gales: Why Europe Needs to Weatherproof Now!

Your assets are exposed to mother nature. It’s time to act.

refinq: Nature Risk Management Platform for Enterprises

refinq GmbH

Neustiftgasse 104/11 1070 Vienna

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