Following the EU’s Omnibus simplification, CSRD now applies only to companies above roughly 1,000 employees and €450 million in turnover — a scope reduced by an estimated 80–85%. In practice, that leaves a small number of Greek companies with a regulatory obligation to assess climate risk.
It leaves almost every Greek company with a physical one.
Drought doesn’t check your headcount before it hits your water-dependent operations. Insurers don’t check your CSRD status before they reprice your coverage or restrict it altogether. Lenders don’t check your reporting threshold before they factor climate exposure into a loan or a valuation. Wildfire doesn’t ask whether your turnover crosses €450 million before it reaches your site.
That’s why we built this as a standalone service — not an ESRS add-on. Whether or not you’re in scope of CSRD, whether or not you publish a sustainability report at all, this is a data-driven answer to a question every Board should already be asking: what does climate change actually cost us, and where does it hit first?
If you also need ESRS E1-aligned disclosure, we deliver that too — but it’s an output of the work, not the reason to do it.
Most companies assess climate risk the way they assess fire risk: site by site, inside their own four walls. That misses where the real exposure concentrates.
The assets you own are usually the easiest part of your climate risk to see — and often the smallest part of the exposure. The larger, harder-to-see risk sits upstream and downstream, in the value chain that keeps your business running:
If your climate risk assessment stops at your own sites, you’ve assessed the smallest and most visible part of your exposure — not the largest.
This is why the analysis we deliver isn’t limited to your own facilities: Our asset-level modelling extends to your critical suppliers, logistics corridors, and — where it matters — your major customers and distribution points, so you see the full chain, not just your link in it.
For the last five years, climate risk has lived inside the sustainability report — a scenario paragraph, a checkbox for ESRS E1. That phase is ending.
Sustainability officers, risk officers, CFOs, and CEOs are now asking a different question: not “have we disclosed our climate risk,” but “have we priced it, planned for it, and protected the business against it.”
That question shows up on the balance sheet — in insurance premiums, asset valuations, financing terms, supply chain continuity, and site selection. Companies that can answer it with data move first. Companies that can’t are finding out the cost the hard way.
Greece is one of the fastest-warming regions in Europe, and the exposure is no longer theoretical:
Source: Eurostat, climate-related economic losses statistics, cited via Clean Energy Wire, "Greece must make up for lost time in climate adaptation," 2023: cleanenergywire.org
Source: Climate Change Impacts Study Committee (CCISC), "The Environmental, Economic and Social Impacts of Climate Change in Greece," Bank of Greece, 2011: bankofgreece.gr — figure restated on the Bank of Greece's current summary page: bankofgreece.gr
Source: Kriit, H., Chen-Xu, J., Semenza, J., et al., "The 2026 Europe report of the Lancet Countdown on health and climate change: narrowing window for decisive health action," The Lancet Public Health, 2026;11(6):e386–e407: thelancet.com
Source: Reuters, "Wildfires, Heatwaves Pose Growing Fiscal Risk to Greece, PM Adviser Says," August 12, 2026.
Every major climate model points the same direction for Greece: more frequent drought, more extreme heat, more wildfire risk, and shifting precipitation patterns — not as a future scenario, but as a trend already underway.
Sources: Bank of Greece climate impact studies; Eurostat; EEA European Climate Risk Assessment; Lancet Countdown 2026; Reuters, August 2026.
If your assets, operations, supply chain, or insurability sit inside this map, climate risk is not an ESG topic. It’s a business risk with a balance-sheet number attached — and it needs to be treated like one.
VERALLIS brings the regulatory fluency, Board-level advisory experience, and on-the-ground understanding of the Greek and regional business environment to turn that global-grade science into decisions your organization can actually act on.
Jupiter Intelligence is the physical climate risk analytics platform trusted by major banks, insurers, and global advisory firms — built on peer-reviewed climate science, asset-level modelling, and finance-grade, auditable outputs.
Global science. Local execution. One partner for the whole journey — from risk data to resilient
strategy.



