Unavailable
Time horizon:
Unavailable
Climate Risk Rating
This section provides a comparison of Unavailable company compared to the full Rated Infrastructure Universe and to Unavailable company Peer Group. The benchmark ranking refers to the weight sum of the company's sub-scores used in the rating determination as per the Climate Risk Rating methodology.
Rankings
Rated Infrastructure Universe
Distribution
Translating Climate Risk into Financial Terms
Our climate-conditioned asset valuation approach
Since there are no readily available market prices for privately held infrastructure assets, we conduct a bespoke asset valuation to quantify the financial materiality of climate risks. This approach aligns with the guiding principles of International Financial Reporting Standards (IFRS) and applies modern asset pricing theory, specifically a multi-factor Discounted Cash Flow (DCF) model, as used in the ESMA-regulated infraMetrics® indices.
The key parameters in the Net Asset Value (NAV) calculation include:
- The risk-free rate for each country, derived from the relevant climate scenario
- The market price of risk (risk premia) applicable to each infrastructure company at the valuation date
- The company’s cash flows available for debt service (CFADS), actual debt service, retention rate, and dividends
Forecasted revenues and NAV are then adjusted to reflect losses from physical damage and transition costs under each scenario and time horizon, enabling a scenario-based assessment of climate risk financial impact.
Climate-Conditioned Financial Model
Multi-Climate Scenario Probabilisation Approach
Rated Universe and Peer Group benchmarks calculated as of May 2025.
* NAV impact resulting from a given natural hazard until the chosen horizon 2035 or 2050
** Impact on NAV due to policy and technology risks as proxied by the cost of carbon (in percentages)
*** Impact on NAV due to market preferences risk modeled as change in revenues (in percentages)
Asset valuation
Data per climate scenario
Positive figures indicate a positive impact on the future NAV, that can be seen as avoided NAV impact, negative figures indicate potential negative NAV impact.
* Our probability-based climate scenario model assigns probabilities to all major climate scenarios. We assess the likelihood of climate scenarios based on the probability distribution of the abatement speed’s aggressiveness
Infrastructure Universe Distribution
Peer Group Distribution
Physical Risk Data
** Adjusted scores are shown when available.
- Green indicates an improved score or reduced exposure, reflecting our assessment of the resilience measures in place.
- Red indicates a deteriorated score or increased exposure, based on the same assessment criteria.
Transition Risk Rating
Rated Infrastructure Universe Distribution
Peer Group Distribution
Transition Risk Data
* Adjusted scores are shown when available.
- Green indicates lower NAV loss, reflecting our assessment of the decarbonisation measures in place.
- Red indicates higher NAV loss, based on the same assessment criteria.
** Scopes 1 and intensities are expressed in tCO2e/mUSD
What could lead to an improved rating?
Effectiveness of adaptation, mitigation and resilience strategies applicable to this subclass:
Decarbonisation Strategies Applicable to this subclass:
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