Improving public sector Asset Management practice to address Climate Change risks

Climate risks pose concerns for government assets which can impact service delivery, cause damage to assets and create hazards for the community, so how can asset management help?

Without climate change risk being considered as an integral part of the organisation’s asset management capability, the impacts of climate change can lead to increased risk of asset failures, rising costs, reputational damage, and barriers to access for operators, maintainers, and deliverers due to extreme weather events. Governments across Australia are now recognising this and mandating consideration of climate change risk through their asset management policies.

This paper details the approach and learnings from WSP in supporting Governments in Australia and internationally in developing guidance to improve asset management practice through asset life cycle considerations to address the impacts of climate change, while maintaining sustainable and resilient assets for communities.