ESG as part of risk management
We help companies identify and assess ESG risks at an early stage and integrate them into their corporate governance.
Climate risks, natural hazards, regulatory requirements and changes along the value chain have a direct impact on business locations, supply chains, financing, insurability and business development, regardless of whether there is a legal reporting obligation. Our focus is not on collecting ESG data, but on the question: What risks does your company face and how can these be managed?
Why act now?
ESG requirements have long since gone beyond legal requirements.
- Banks and investors take ESG factors into account when making lending decisions and setting financing terms.
- Insurers are increasingly assessing climate risks and resilience when determining the insurability of locations.
- Customers and supply chains demand ESG evidence and transparency.
Our ESG services
For us, ESG is not a reporting requirement, but a risk management issue: as part of the Funk Group, we help companies to identify, assess and manage ESG risks – combining risk analysis, prevention, resilience, insurability and risk transfer into an integrated approach. The information gained in this way can be used for risk management, financing, insurance cover and reporting.
Manage your ESG risks. Arrange a consultation now
Verification of sustainability and climate claims
Objective
To review, assess and validate sustainability, climate and ESG claims in terms of verifiability, regulatory requirements and potential liability and reputational risks.
Result
- Transparency regarding critical sustainability and ESG statements
- Identification of potential greenwashing risks
- Assessment of regulatory and liability risks
- Review of the evidence and supporting documentation for ESG claims
- Recommendations for substantiating material statements
- Reduction of reputational and liability risks
- Improved auditability and assurance of existing ESG information
Benefits
Companies gain certainty about which sustainability and climate statements are robust and where risks lie. This helps to avoid accusations of greenwashing, liability risks and subsequent corrections.
NatCat analysis
Objective
To quantify potential property damage and business interruption losses caused by natural hazards.
Result
- Quantified property damage
- Quantified business interruption losses
- Worst-case and stress scenarios
- Assessment of financial impacts
- Basis for risk financing and insurance cover
- Support for investment and resilience decisions
Benefits
- Transparency regarding potential financial impacts
- Optimisation of insurance cover and risk transfer
- Improved negotiating position with insurers
- Informed investment and risk financing decisions
- Support for BCM and resilience strategies
Climate scenario analysis
Objective
To assess the impact of different climate scenarios on the business model and corporate development.
Result
- Assessment of climate-related risks and opportunities
- Impact on markets, demand and cost structure
- Impact on locations and value chains
- Strategic resilience assessment
- Basis for investment and transformation decisions
- Suitable for ESRS/CSRD requirements
Benefits
- Early identification of strategic risks and opportunities
- Better preparation for market and regulatory changes
- Well-founded transformation and investment decisions
- Support for financing discussions and investor communication
Safety in times of crisis
Achieve operational reliability in just a few steps with business continuity management and business interruption analyses.
Start nowClimate risk and vulnerability analysis
Objective
To assess physical climate risks for sites, buildings, technical installations and processes.
Result
- Assessment of physical climate and natural hazards
- Analysis of the vulnerability of sites, facilities and processes
- Gross and net vulnerability
- Prioritised adaptation measures
- Resilience assessment in accordance with EU taxonomy / DNSH
- Basis for investment decisions and protective measures
- Suitable for regulatory verification and reporting
Benefits
- Early identification of risks to sites and operational processes
- Prevention of future damage and investment errors
- Improved resilience to climate and natural hazards
- Basis for investment decisions and protective measures
- Support with regulatory compliance
Your benefits at a glance
- Clarity on key ESG, climate and sustainability risks
- Transparent assessment of physical, transitional and regulatory risks, as well as their impact on sites, processes, supply chains, products and finances.
- Robust decision-making foundations for management and investment
- Reduction of greenwashing, liability and reputational risks
- The information gathered can be used simultaneously for risk management, sustainability reporting, insurance management, financing, investment planning and strategic corporate governance.
- Linking climate scenarios, resilience, business interruption, investment needs and transformation requirements into an integrated management overview.
- Early identification of adaptation and action requirements
Why VSME?
The VSME standard was developed specifically for medium-sized enterprises and provides a structured, proportionate framework for ESG information. It helps to efficiently meet requirements from the value chain (customers’ CSRD reporting obligations, banking requirements) – without unnecessary complexity. VSME is the pragmatic first step towards systematic ESG management.
Why conduct climate scenario analysis under the CSRD?
The CSRD requires companies subject to reporting obligations to carry out a detailed analysis of physical and transitional climate risks based on scientifically sound climate scenarios. SMEs acting as suppliers are also indirectly covered by these requirements. Companies that analyse scenarios at an early stage create transparency regarding their own risks and strengthen their position in discussions with customers, banks and insurers.
Why use climate risk analysis to assess natural disasters?
Natural disaster risks (NatCat) – flooding, storms, hail, drought – are, for many businesses, the most tangible manifestation of climate change. A location-specific NatCat analysis shows where your business is exposed, which assets and operational processes are at risk, and what this means for your insurability. It also forms the basis for the DNSH climate risk assessment under the EU taxonomy.
Why the EU taxonomy and climate risks?
The EU Taxonomy is increasingly becoming the benchmark for investment and financing. The classification of activities as ‘sustainable’ often falls short when it comes to the DNSH climate risk assessment – due to a lack of reliable data. Organisations that have carried out a structured analysis of climate risks create transparency and improve their access to sustainable financing and green capital markets.
Who is this relevant for?
Our approach is aimed at medium-sized companies that wish to meet the ESG requirements of banks, customers or investors and build up their reporting capabilities in a structured manner. This is particularly relevant for companies with:
- Increased climate, property or business interruption risks at their sites
- Supply chain requirements (CSRD reporting obligations of customers, LkSG)
- Financing needs or sustainability-related transformation projects
- An interest in insurability and risk transfer in the context of climate risks
How does Funk provide support?
We link ESG to what really matters to businesses: risk transparency, resilience and insurability. As a leading independent insurance broker in Germany, we understand not only the regulatory requirements but also their implications for risk transfer and insurance cover – a unique selling point that pure ESG consultants cannot offer.
Make ESG a genuine management tool!
For greater resilience, better financing and well-informed decisions – pragmatically integrated and clearly to the point.
Get in touchYour contact
