The starting point.
The customer is a listed real estate operator with a portfolio of 240 buildings across multiple jurisdictions. Climate scenario analysis had previously been run as a one-off engagement with external consultants, on a sample of flagship assets. With regulators in the operator’s primary jurisdiction tightening disclosure requirements, the board wanted the full portfolio modelled within the next reporting cycle.
The brief.
Model physical and transition climate risk for every active asset, aligned to recognised reference scenarios. Land outputs the board can act on, in time for the next regulator-facing disclosure. Avoid a consultant-only engagement that the in-house team cannot maintain.
How we set it up.
1. Asset register as the source of truth.
Noa imported the full asset register including location, asset type, age, and operating profile. Each asset was tagged with the climate hazards relevant at its location, drawing from public hazard layers and the operator’s in-house engineering assessments.
2. Two pathways, both transparent.
Physical risk and transition risk were modelled under two pathways aligned to recognised reference scenarios. Assumptions, hazard intensities and transition signals were declared inside the workspace so reviewers could see what drove each result, rather than receiving a single rolled-up score.
3. Outputs the board can act on.
Per-asset risk profiles were rolled up to portfolio and segment views. The board received a structured view of which segments carried the most concentrated physical risk and which faced the steepest transition-cost exposure, with the underlying methodology in plain sight.
What runs on Noa today.
Climate scenario analysis runs on the same workspace the operator uses for the rest of its sustainability reporting. New acquisitions enter the model on day one. The board reviews refreshed scenarios at its regular cadence, not only when a regulator forces the question.
The outcome.
Before
- Scenarios run as one-off consultant engagements on a sample of assets
- Methodology assumptions buried in slide decks
- Board updated only when an external engagement concluded
- No standing in-house view of climate risk across the portfolio
With Noa
- Every active asset carries a current physical and transition risk profile
- Assumptions and pathways visible inside the workspace
- Board reviews refreshed scenarios on a standing cadence
- New acquisitions modelled on day one
Climate scenarios become a planning tool the moment the board can see the assumptions behind the picture.
Customer details have been generalised. Outcomes described reflect deployments as scoped and may not be representative of all engagements. References to third-party products are descriptive of prior states only.