Climate risk isn’t an ESG line item. It’s a balance-sheet number.
The smartest companies have already made the shift: from treating climate as a disclosure requirement to treating it as a capital allocation, insurance, and continuity decision. VERALLIS, in partnership with Jupiter Intelligence — the global leader in physical climate risk analytics — brings that capability to Greek and regional businesses for the first time at this level of precision.
This is not a CSRD service. It's a business-risk service.

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.

Climate risk doesn't stop at your gate — it lives in your value chain

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:

Agricultural and raw-material inputs — food, beverage, cosmetics, and manufacturing companies sourcing from drought- and heat-exposed regions (olives, grapes, dairy, cotton) face yield volatility and price shocks long before it ever shows up on their own balance sheet.
Energy-intensive suppliers — glass, packaging, cement, and metals suppliers are exposed to heat-driven power constraints and water restrictions that can halt their production with no warning to you — and no visibility for you as the buyer.
Logistics and transport routes — port disruption, flooding, and wildfire-driven road or rail closures can sever a supply route for days or weeks, even when neither your site nor your supplier's site is directly damaged.
Water and energy utility dependencies — manufacturing, hospitality, and agri-processing operations that rely on public water and grid infrastructure inherit the resilience — or fragility — of that infrastructure.
Downstream customers and distribution — tourism-dependent buyers, retailers, and distributors concentrated in heatwave- and wildfire-exposed regions carry demand risk that flows back up the chain to you.
Insurance and financing counterparties — as insurers reprice or withdraw cover in high-risk zones, the availability and cost of your suppliers' and customers' insurance becomes your risk too.

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.

The shift smart companies have already made

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.

Why Greece, why now

Greece is one of the fastest-warming regions in Europe, and the exposure is no longer theoretical:

Greece already records the highest climate-related economic losses per capita of any EU country — roughly three times the EU average.

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
Bank of Greece modelling puts the cost of unmanaged climate change to the Greek economy at over €700 billion by 2100 — under an inaction scenario — several multiples of current annual GDP.

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
Independent climate-health research projects summer heat-related deaths in Greece could climb toward 2,000 a year by 2040 — alongside worsening drought across Crete, the Peloponnese, and other regions.

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
Government economic advisers now publicly describe wildfire and heatwave exposure as a growing medium- and long-term fiscal risk — to tourism, agriculture, and infrastructure across the country.

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.

What we deliver
Physical Climate Risk Analytics, powered by Jupiter Intelligence
Science-validated, high-resolution projections of the hazards that matter most to you — heat, drought, wildfire, flood, water stress, and precipitation extremes — modelled site-by-site and asset-by-asset, out to 2100, across the scenarios your regulators and lenders expect.
Financial Quantification of Exposure
We don't stop at hazard maps. We translate physical risk into what your CFO needs: potential asset impairment, insurance and financing implications, operational disruption, and capital planning inputs.
Regulatory-Grade Reporting (if and when you need it)
For the minority of Greek companies in CSRD scope — or those reporting voluntarily for investors and lenders — outputs are built to satisfy ESRS E1, TCFD, and ISSB physical risk disclosure requirements. For everyone else, the same data drives decisions, not disclosures.
Resilience & Adaptation Strategy
From risk identification to a costed adaptation roadmap — the investments, site decisions, and operational changes that convert exposure into resilience.
Executive & Board Briefings
Because climate risk is now a governance topic. We translate the science into the language your Board, lenders, and investors need to hear.
Built for the people who own this risk
Chief Executive Officers
Climate resilience is fast becoming a condition of long-term license to operate, insurability, and investor confidence. We give you the data to lead on it — before it becomes a crisis you're reacting to.
Chief Financial Officers
Physical climate risk is a financial risk — to asset values, insurance costs, financing terms, and capital allocation. We quantify it in numbers your treasury and investor relations teams can use.
Risk Officers
Move beyond generic climate narratives to asset-level, scenario-based exposure data you can integrate directly into your enterprise risk framework.
Sustainability Officers
Whether or not CSRD applies to you, physical climate risk still belongs on your desk. Use the same science-grade methodology to build a resilience strategy your organization actually needs — and if you do fall under CSRD, the same work doubles as defensible ESRS E1 evidence. Either way, you're ahead of the next wave of regulation or investor expectation, not scrambling to catch up to it.
Why this partnership

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.

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