The current offering on the Platform is scoped to provide quantifications of physical climate risk “exposure”. That is, a measure of the likelihood or probability of a particular phenomenon above a specific threshold of severity, occurring at a particular location, within a specific time frame. In the context of physical climate risk, the phenomenon might be an acute hazard (e.g., tropical cyclone or river flood) or a chronic stress (e.g., water stress or sea-level rise).
As such, it does not take into consideration the real asset type.
An estimation of Value at Risk (VAR) would require an estimation of sensitivity, adaptive capacity, and strategic planning in addition to exposure. These elements are very asset-specific and should be considered carefully. While GRESB is involved in multiple initiatives focused on the accurate and standardized translation of physical climate risk exposures into financial impacts, we do not yet provide an estimation of VAR on the Platform.