Climate risk
In Norway, climate change is expected to result in a warmer, wilder, and wetter climate, with significant regional and local variations. Extreme weather events and natural disasters will occur more frequently, and failure to adapt infrastructure may lead to material and financial consequences, as well as impact punctuality and regularity.
Since 2001, Avinor, the Norwegian Public Roads Administration, the Norwegian Coastal Administration, and the Railway Directorate have assessed the impact of climate change on Norway’s transport infrastructure through the work on the National Transport Plan (NTP). In addition, Avinor has conducted its own risk and vulnerability analyses and implemented a range of measures on its infrastructure. Avinor also engages in climate adaptation efforts through ICAO, Eurocontrol, and the industry organization Airport Council International (ACI).
Here is Avinor’s climate adaptation analysis from 2022:
There are increasing expectations and requirements from both the financial market and other stakeholders that companies demonstrate awareness of climate risk, including both physical and transitional risks. Avinor is conducting a climate risk analysis in accordance with the methodology developed by the Task Force on Climate-related Financial Disclosures (TCFD).