---
title: "Building Climate Resilience"
url: "https://www.guidewire.com/pt/about/corporate-sustainability/environmental/building-climate-resilience.md"
language: "pt"
locale: "pt"
---

# Building Climate Resilience

Building Climate Resilience

![](https://edge.sitecorecloud.io/guidewiresodb06-guidewire0f2e-productioncd91-5186/media/building-climate-resilience.png?h=724&iar=0&w=1259)

The scale and impact of climate change presents a risk to our business as well as to many stakeholders — notably our customers, communities, and employees. As a result, we are actively managing related risks and investing in sustainability measures across our operations.

## Governance and Management Oversight for Climate-Related Activities

| **Board Oversight** |
| --- |
| **NCG Committee**              Oversight of sustainability strategy and reporting, including climate-related and impact disclosures, and is appraised quarterly of our climate risks and mitigation activities. |
| Executive Functions |
| Chief Administrative Officer and General Counsel, Head of Sustainability, Chief Information Officer, Senior Director of Workplace, Chief Financial Officer, Chief Accounting Officer, Vice President of Enterprise Risk Management and Internal Audit Assess climate-related risks and associated disclosures. |
| Business Functions |
| **Legal, Sustainability, Business Technology, and Workplace Functions**              The Sustainability and Legal functions are responsible for cross-functional climate strategy development, climate risks, materiality assessments, voluntary climate disclosures (SASB/IFRS, GRI, TCFD, CDP), climate goals, and performance tracking.              The Global Business Technology and Workplace functions provide the data we need to develop our energy and GHG inventory, including accounts of our IT assets, electricity consumption, facilities usage, purchased goods and services, and business travel. |
| **Committees and Working Groups** |
| Sustainability Task Force |
| Business Advisory Council (BAC) Climate Group |
| **Additional Stakeholders** |
| Guidewire Employees, Customers, Contractors, and Suppliers |

## Climate Risks and Opportunities

We are continuing to evolve how we identify and track climate-related risks. When looking at the factors that contribute to climate risk, we categorize climate risk into physical risk and transition risk. Physical risk arises from changes in the climate (e.g., increasing frequency and severity of weather events, such as wildfires, storms, excessive heat, and floods) that could negatively impact asset values. Physical risks are broken into acute (single events) and chronic (long-term impacts). Transition risks are business-related risks arising from asset values being negatively impacted by the transition to a low-carbon economy (e.g., changes in climate policies or the underlying economy due to decarbonization). At present, our primary risks associated with climate change include the following[1](#ftnt1):

| **Categorization of Climate-Related Risks** |
| --- |
| **Acute Risks**              Natural disasters have increased in frequency and severity, and climate scientists have cautioned that acute physical risks (single-event extreme weather issues, such as flooding, wildfires, storm surges, tornadoes, hail, hurricanes, power grid failures, and road and/or infrastructure disruptions that can impact supply routes and workforce connectivity) are expected to intensify. Although we maintain crisis management and disaster response plans, such events could disrupt our ability to deliver our products to our customers; could decrease demand for our products; and could cause us to incur substantial expenses. Our insurance may not be sufficient to cover losses or additional expenses that we may sustain. |
| **Technology**              Technology-related climate considerations can include potential costs to substitute or transition to lower energy-intensive products and services, whether within our value chain or in upstream or downstream activities. They could also include competitors making technological investments to improve energy efficiency, which could shape broader market expectations and competitive dynamics over time.              With respect to our business, our pace and ability to transition to lower-emissions technologies and the potential energy consumption associated with the use of evolving technologies such as AI may influence how stakeholders, including our customers, evaluate companies in the industry we serve. |

[1](#ftnt_ref1) Please refer to our [Forms 10-K](https://ir.guidewire.com/node/24901/html) and 10-Q filed with the SEC for additional discussion of climate-related and other sustainability risks.

## Looking Forward

Our climate strategy is two-pronged and focuses on both innovation and resilience. From a resilience standpoint, we are currently working to assess the resilience of our business strategy relative to different climate-related scenarios identified by the Intergovernmental Panel on Climate Change. From an innovation standpoint, we are evolving our product sustainability strategy by expanding products as they relate to climate risk, greater access to insurance and closing the protection gap, and climate resilience.

## Links

[Learn More](https://explore.guidewire.com/c/guidewire-environmental-policy-2022?x=igMXX3)

## Environmental Policy

[Learn More](https://explore.guidewire.com/c/2024-cdp-corporate-questionnaire?x=igMXX3)

## 2024 CDP Corporate Questionnaire

[Learn More](https://edge.sitecorecloud.io/guidewiresodb06-guidewire0f2e-productioncd91-5186/media/corporate-sustainability/documents/fiscal-year-2024-ghg-inventory-assurance-public.pdf)

## Fiscal Year 2024 GHG Inventory Assurance