Victorian Remand and Correctional Facilities
Potential Climate Exposure Score:
24.7176 / 100
Time horizon:
2035
The Potential Climate Exposure Rating assesses the likely exposure to climate risks based on a scenario assuming a continuation of current global policies and trends. It offers insight into future climate risks, assisting investors and issuers in identifying potential climate-related vulnerabilities.
The rating captures exposure to both transition and physical risks, using a scale from A to G, where A represents the best rating.
In 2025-05-31, Victorian Remand and Correctional Facilities received a Potential Climate Exposure Rating of C, indicating a moderate climate exposure relative to the Rated Infrastructure Universe.
This overall rating is based on two sub-ratings:
- Physical Exposure Rating: C
- Transition Exposure Rating: C
Companies are categorised using The Infrastructure Company Classification Standard® (TICCS) .
This report includes two benchmarks:
- A comparison against all companies in the Rated Infrastructure Universe.
- A comparison against all rated companies in Victorian Remand and Correctional Facilities’s specific TICCS Peer Group: Prisons (IC303030).
The Potential Climate Exposure Rating assesses the likely exposure to climate risks based on a scenario assuming a continuation of current global policies and trends. It offers insight into future climate risks, assisting investors and issuers in identifying potential climate-related vulnerabilities.
The rating captures exposure to both transition and physical risks, using a scale from A to G, where A represents the best rating.
In 2025-05-31, Victorian Remand and Correctional Facilities received a Potential Climate Exposure Rating of C, indicating a moderate climate exposure relative to the Rated Infrastructure Universe.
This overall rating is based on two sub-ratings:
- Physical Exposure Rating: C
- Transition Exposure Rating: C
Companies are categorised using The Infrastructure Company Classification Standard® (TICCS) .
This report includes two benchmarks:
- A comparison against all companies in the Rated Infrastructure Universe.
- A comparison against all rated companies in Victorian Remand and Correctional Facilities’s specific TICCS Peer Group: Prisons (IC303030).
Potential Climate Exposure Rating
This section provides a comparison of Victorian Remand and Correctional Facilities compared to the full Rated Infrastructure Universe and to Victorian Remand and Correctional Facilities’s peers. The benchmark ranking refers to the weighted sum of the company sub-scores used in the rating determination as per the Potential Climate Exposure Rating methodology.
Rankings
Rated Infrastructure Universe
Distribution
Victorian Remand and Correctional Facilities has moderate climate exposure relative to companies in the Rated Infrastructure Universe, positioning it as a leader within its Peer Group.
The High/Moderate/Low qualification is defined as the fixed distribution of all the asset’ ratings covered in the Rated Infrastructure Universe. The Laggard/Average/Leader qualification is defined as the relative position of the asset compared to the average rating of the Peer Group. If the asset rating is at least one notch below the average Peer Group rating, then the asset is qualified as Laggard.
Key Rating Drivers
Potential Climate Exposure Rating
Infrastructure Universe Distribution
Peer Group Distribution
Victorian Remand and Correctional Facilities’s detailed asset boundaries are captured using satellite imagery, and high-resolution global hazard maps serve as inputs to quantify the spatial distribution, frequency, and magnitude of hazard events.
Compared to its Peer Group, Victorian Remand and Correctional Facilities is a leader.
A high physical exposure rating suggests substantial exposure to climate hazards, which could potentially lead to significant physical damage to assets and affect the financial valuation by 2035.
A moderate physical exposure rating suggests some exposure to climate hazards, which could potentially lead to partial physical damage to assets and affect the financial valuation by 2035.
A low physical exposure rating suggests minor exposure to climate hazards, which potentially would not lead to any significant physical damage to assets nor affect the financial valuation by 2035.
This impact may be reduced if Victorian Remand and Correctional Facilities has implemented specific mitigation, adaptation, and resilience measures.
Physical Exposure Data
* Adjusted scores are shown when available.
Green indicates an improved score or reduced exposure, following our assessment of the resilience measures in place.
Red indicates a deteriorated score or increased exposure, based on the same assessment criteria.
** Data Quality Score - a standardised metric to evaluate the data’s completeness, consistency, and relevance
***Average of annual expected damage per hazard over the selected reference period 2025-2035
**** Average of annual expected loss of revenue due to heat over the selected reference period 2025-2035 converted in damage equivalent
Transition Exposure Rating
Rated Infrastructure Universe Distribution
Peer Group Distribution
Compared to its peer group, Victorian Remand and Correctional Facilities is a leader.
A high Transition Exposure Rating could potentially result in significant adverse impacts on costs and revenues by 2035.
A moderate Transition Exposure Rating could lead to partial adverse impacts on costs and revenues by 2035.
A low Transition Exposure Rating is unlikely to result in any significant adverse impacts on costs and revenues by 2035.
This impact may be reduced if the company has implemented specific decarbonisation measures.
Transition Exposure Data
* Adjusted scores are shown when available.
Green indicates an improved score or reduced exposure, reflecting our assessment of the decarbonisation measures in place.
Red indicates a deteriorated score or increased exposure, based on the same assessment criteria.
** Scopes 1,2 and 3 intensities are expressed in tCO2e/mUSD
What could lead to an improved rating?
Adaptation, mitigation and resilience strategies applicable to this subclass:
Decarbonisation Strategies Applicable to this subclass:
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