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Investor Presentaiton

DRA and climate change strategy Client story - City of Sydney KPMG Dynamic Risk Assessment helps the City of Sydney develop its climate change strategy. The City of Sydney in New South Wales, Australia needed to understand how climate change is likely to affect the city in 2030 in order to develop an effective Climate Adaptation Plan. KPMG in Australia performed a DRA to understand the interdependencies between 32 different climate change risks faced by the city. KPMG analysts used expert elicitation to develop a graphic representation of the relationships between the risks and perceptions of severity. Their analysis also identified trigger risks which were central to causing other risks, and those that are most centrally affected by other risks. Clusters of risks that were likely to occur together were also identified, so that these could be managed together. As a result of the DRA, the Sydney City Council benefited from greatly improved insight into the risks that climate change posed to the city and was in a better position to develop actions to address these. The thickness of the connecting lines in the diagram illustrates the strength of the connections between the individual risks. Bushfire/cascading impacts Strain on heat refuges Structural degradation Community health impacts City wide power disruption Inundation foreshore transport/ pedestrian routes Safe sea transport Heat wave behavior-related risks Changed human behavior Energy system strain Inundation property/ infrastructure Airport delays Heat island effects Insurance affordability Reduced physical activity Displacement Property / infrastructure damage Localized power infrastructure damage Workforce productivity Transport disruption Inundation foreshore icons Air pollution Traffic congestion Overflow of Sea level rise-related risks Reduced appeal outdoor events Food security Reduced amenity Pests and disease Flash flooding contaminates Intense rainfall-related risks Communication disruption Changed biodiversity Graphic adapted from: RPS (2015) City of Sydney Climate Risk and Adaptation: Project Report. Available from: https://meetings.cityofsydney.nsw.gov.au/Data/Environment%20Committee/201512071401/Agenda/151207 EC ITE M03 ATTACHMENTD.pdf KPMG © 2020 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved. 44
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