Mott Mac unveils asset resilience tool

Engineering and advisory firm Mott MacDonald has partnered with the Coalition for Climate Resilient Investment (CCRI) to develop a new guide to assess the resilience of infrastructure assets.

The Physical Climate Risk Assessment Methodology (PCRAM) is a global practitioner’s guide that supplies the practical tools to identify and assess asset resilience.

Designed to enhance the financial valuation of investments, PCRAM uses new methodology that gives infrastructure owners and operators the means to evaluate physical climate risks to infrastructure and analyse their long-term impact on asset performance.

“Strong market forces are pushing the industry towards improved enforcement and reward of these integration practices, translating into opportunities for those that take early action,” said CCRI executive director, Carlos Sanchez. “CCRI analytics offer the potential to drive a more efficient allocation of capital towards climate resilient investments, without which we are unlikely to future-proof our communities for the decades ahead.”

“We set out to create a framework that enables public and private sector infrastructure investors to assess their exposure to climate physical risks, quantify this exposure and improve their asset performance,” added Denise Bower, executive director at Mott MacDonald. “What we found is that investing in resilience leads to better outcomes, better performance, less downtime, less maintenance and, most importantly, fewer negative impacts on the communities that infrastructure serves.”