Chemical Industry, Sustainability
Climate Risk Scenario Assessment
Preview/Excerpt
ChemicalCo aimed to strengthen its climate risk preparedness by identifying business-specific climate scenarios aligned with global frameworks. SprintlyWorks developed a tailored methodology, conducted site and function-level interviews, and mapped short- to long-term risks and opportunities, equipping ChemicalCo with a structured approach to align sustainability strategy with TCFD expectations and regulatory shifts.
Outcomes
36%
CO2 reduction in upstream logistics & automated tool built
3
Manufacturing Sites Assessed
Problem Summary
ChemicalCo lacked a structured framework to assess climate-related risks and opportunities across its operations. With rising pressure from regulators, investors, and customers to disclose climate impacts, the company needed to align with global standards like TCFD. Existing internal processes were fragmented, and site-level risk visibility was low, limiting ChemicalCo’s ability to proactively plan for transition and physical climate scenarios.
Situation
ChemicalCo operates in a carbon- and energy-intensive industry where climate-related risks, both physical and transitional, are becoming increasingly material. However, its climate risk assessment capabilities were underdeveloped, particularly in translating global frameworks like TCFD, CDP, and IPCC into company-specific scenarios. The organization lacked a standardized methodology to assess climate risks across time horizons and struggled to capture insights at the site and function level. To address this, ChemicalCo engaged SprintlyWorks to define a structured approach, improve internal understanding, and identify critical short, mid, and long-term risks relevant to its operations and supply chain.
Key Research Question
The key question driving the project was:
- What are the knowledge gaps in ChemicalCo’s climate risk assessment processes?
- What are short, medium and long term climate risks scenarios relevant to ChemicalCo?
- What are risks that various site level leaders foresee in each climate risk scenario?
Our Approach
SprintlyWorks adopted a three-phase approach to help ChemicalCo develop a robust, business-aligned climate risk assessment framework grounded in global best practices.
- Define Framework and Methodology:
We began by aligning the project scope with globally recognized climate disclosure frameworks, including TCFD, CDP, IPCC, IEA, and WWF. In collaboration with the sustainability steering team, we outlined assessment parameters, mapped knowledge gaps, and developed a 7-step methodology to identify and assess risks across three time horizons: short (to 2030), medium (2030–2050), and long term (2050+). Preliminary scenario analysis based on RCP2.6 and RCP8.5 was also introduced to simulate divergent futures.
- Conduct Site and Function-Level Risk Identification:
We facilitated in-depth interviews with 13 stakeholders across three high-impact manufacturing sites as well as four global business functions. Interviewees were engaged in small groups to explore perceived risks and opportunities under different climate scenarios. We tailored our interview guides to cover both transition and physical risk domains, from carbon pricing and regulation to extreme weather events and supply chain disruptions.
- Synthesize Insights and Deliver Recommendations:
Findings were consolidated into a visual risk matrix and scenario-based heatmaps to illustrate the likelihood and impact of each risk category. We delivered a practical methodology ChemicalCo can adopt going forward, along with tailored recommendations to improve scenario planning, reporting readiness, and future financial impact analysis.
By embedding best practices and ensuring stakeholder alignment, the project positioned ChemicalCo to proactively manage climate risk and prepare for evolving disclosure expectations.
Results
ChemicalCo could be equipped with a structured, forward-looking methodology to assess climate risks and opportunities across its sites and business functions. It clarified gaps in current assessment practices, mapped short-, medium-, and long-term risks, and highlighted site-specific vulnerabilities and opportunity areas, particularly in energy transition and sustainable product innovation. The tailored climate risk matrix and scenario tools now serve as a foundation for aligning with TCFD guidance. Internal stakeholders reported improved understanding and readiness to advance risk disclosure, strategic planning, and cross-functional coordination on sustainability objectives.

“Extremely helpful to align our teams around climate risk and strategy.”
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