Portfolio-wide Climate Risk Assessment

Abacus Storage King (ASK) operates more than 220 self-storage sites across Australia and New Zealand. Primarily located in metropolitan areas chosen for demographics and urban density, the portfolio reflects an investment strategy focused on performance and long-term value. It also presents a significant challenge for climate risk assessment, reporting, and mitigation.

With climate regulations tightening and climate impacts accelerating, ASK engaged TSA Riley to gain a clear and comparable view of climate exposure across existing assets and potential acquisitions. The challenge lay in the scale and spread of ASK facilities; numerous sites across disparate geographies, each one facing unique climate hazards and levels of exposure.

Portfolio-wide climate risk screening with HEAT

TSA Riley successfully overcame this challenge, performing a detailed assessment of current and likely future exposure to climate hazards across ASK’s Australian and New Zealand portfolio.

This was delivered using our Holistic Exposure Assessment Tool (HEAT), a platform developed to help organisations quantify, manage and report on climate-related risks.

Using HEAT, our Climate Advisory team:

• Assessed exposure to climate hazards
• Integrated exposure findings with ASK-derived information on known asset vulnerabilities
• Conducted a first-pass risk screening across more than 220 sites

This screening identified assets with potentially material physical climate risks and prioritised them for subsequent investigations, detailed site assessments, and development of adaptation plans.

Informing capital planning and ASRS reporting

The portfolio-wide assessment translated climate exposure into actionable insight.

It now informs:

• ASK’s prioritisation of mitigation and adaptation efforts
• The evaluation of mitigation options for material climate risks
• Capital allocation decisions across the portfolio
• ASK’s response to Australian Sustainability Reporting Standards requirements

With a comparable view of climate risk across more than 220 assets, ASK is now equipped to integrate climate considerations into capital planning and acquisition decisions with greater consistency and clarity.