Where does your organisation stand today?
Mark where your organisation currently stands across each of the four CRIF components. Your responses will surface the right entry point from the options below.
| CRIF Component | Not Started | In Progress | In Place |
|---|---|---|---|
| Governance and Objectives | |||
| Physical Climate Risk Assessment | |||
| Adaptation Identification | |||
| Stakeholder Engagement |
Which situation best describes your organisation?
Select the profile that best matches your current constraint. Each card shows the recommended PCRAM entry point and why.
Data-rich, action-poor
Disclosure deadline approaching
Board alignment needed
No programme yet
Want the full diagnostic questions for each step, the regulatory output mapping per step, and the detailed methodology behind each option? Read the complete PCRAM and CRIF guide.
What each step does and what it produces
Five steps from portfolio screening to continuous monitoring. Each step produces a specific output and satisfies specific disclosure requirements. This is a reference summary — for the full methodology and implementation guidance, see the complete guide.
| Step | What you do | What it produces | Disclosure output |
|---|---|---|---|
| 1 Screen | Rank your portfolio by hazard exposure across all sites | Priority list of sites by risk type and severity | TCFD Risk Mgmt IFRS S2 §10 |
| 2 Quantify | Calculate Expected Annual Loss per site across event probabilities | EAL per site; worst-case event cost in financial terms | IFRS S2 Financials CSRD/ESRS E1 |
| 3 Identify options | Map available adaptation measures with indicative costs and risk reduction | Adaptation menu with NPV per option | TCFD Strategy CSRD/ESRS E1 |
| 4 Build investment case | Combine Steps 2 and 3 into board-ready financial documents | Cost of inaction; adaptation NPV; insurer evidence pack | IFRS S2 Effects CSRD Implications |
| 5 Monitor | Set site-specific alert thresholds and operational protocols | Monitoring record; early warning capability; incident log | TCFD Metrics IFRS S2 Ongoing CSRD Targets |
What adaptation delivers: WRI analysis of 320 adaptation investments shows an average return of 27%, with 65% of benefits accruing regardless of whether a major weather event occurs. Sainsbury's avoided a £3m flood damage event across its 1,000+ site estate using the monitoring infrastructure built at Step 5.
in adaptation
adaptation investments
of weather events occurring
Source: World Resources Institute, analysis of 320 adaptation investments across 12 countries
How PCRAM maps to your disclosure obligations
Completing PCRAM is how you meet your disclosure obligations — not additional work alongside them. Each step produces the specific outputs IFRS S2, TCFD and CSRD require.
| CRIF Component | TCFD Pillar |
|---|---|
| Governance and Objectives | Governance |
| Physical Climate Risk Assessment (PCRAM) | Risk Management |
| Adaptation Identification | Strategy |
| Stakeholder Engagement | Metrics and Targets |
CSRD scope (post-Omnibus revision): The threshold is 1,000+ employees and €450m+ in turnover, covering approximately 6,000 of the largest EU undertakings. EFRAG's 2025 State of Play reports 98% of in-scope companies map ESRS E1 as material. Physical risk and adaptation requirements are retained in full.
Handling the three most common internal objections
These are the objections sustainability and risk teams encounter most when building internal support for a PCRAM programme. Each one has a direct, data-backed response.
Having an assessment and having operationalised it are different things. S&P Global's data shows 92% of companies assess physical risk, but only 35% have a formal adaptation plan and only 17% disclose the financial impact. The assessment is the input for PCRAM — not a substitute for it. SmartResilience takes your existing assessment outputs and converts them into the financial figures and adaptation cases the assessment alone does not produce.
Data gaps at site level are the norm rather than the exception, and PCRAM is designed to work with what you have. SmartResilience uses pre-computed global hazard models to fill gaps in your site-level data, and the Step 1 screen identifies where higher-resolution data is genuinely critical versus where modelled data is sufficient for the level of analysis you need.
IFRS S2 is effective for reporting periods on or after 1 January 2024, and CSRD obligations for companies with 1,000+ employees and €450m+ in turnover are already live. Delaying typically means higher adaptation costs and a weaker negotiating position with insurers when you do engage. SmartResilience produces the TCFD and IFRS S2 outputs your current reporting period requires, while your longer-term programme develops in parallel.