Back to Blog
The Netherlands is a leader in climate adaptation, built on flood defences, water management and land reclamation. Yet its climatic and geographic uniformity means there are few refuges: when climate stress hits, risks can affect the country simultaneously.
Scientific Climate Ratings examines how these vulnerabilities translate into financial exposure, linking physical climate hazards to infrastructure valuations and sovereign economic risk. The findings highlight significant differences across assets: TMA Logistics receives a G rating, with a climate exposure score of 98/100 and projected asset-value losses of 18.2% by 2035, while Maastricht Aachen Airport faces projected losses of 10.4%. Data centres and other critical infrastructure also face growing exposure.
Climate risk, however, extends beyond physical damage. Enecogen Power Station receives an A/11 rating for physical exposure but a G/99 rating for transition risk, illustrating how decarbonisation can threaten an asset’s economic viability even when its physical integrity remains intact.
The broader lesson is that climate resilience must be assessed in financial as well as physical terms. For investors and policymakers, understanding how climate hazards affect asset values, economic output and sovereign risk is essential to making informed long-term decisions.
The report’s conclusion is not that the Dutch model is failing, but that its climate risks may not yet be fully reflected in asset valuations and sovereign pricing. Investors who identify and quantify these exposures early may gain an investment advantage.