EU taxonomy physical climate risk assessment
Bolt is a global mobility platform with ride-hailing, scooter and e-bike rentals, car-sharing, and food delivery services in over 50 countries and 850 cities.
Miltton supported Bolt in conducting an EU taxonomy-aligned physical climate risk assessment, with the primary objective of assessing and demonstrating the resilience of Bolt’s taxonomy-eligible activities to climate hazards. The assessment supports Bolt’s broader ambition to achieve EU taxonomy alignment.
The analysis covered Bolt’s core business verticals across key international markets, applying a forward-looking time horizon.
Working with the Miltton team on our EU taxonomy climate risk assessment was a pleasure. They brought expertise, clear structure, and a collaborative approach throughout the project. They delivered on time, supported us reliably during a busy period, and produced high-quality work that gives us a strong foundation for future assessments and our climate adaptation plan.
Liisa Aavik
Sustainability Compliance Manager at Bolt
Project scope
The assessment followed a four-phase methodology. The project concluded with a leadership workshop to validate the findings and recommendations.
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1. Hazard screening and exposure mapping
EU taxonomy climate hazards were screened for relevance to Bolt’s activities, supported by geographical exposure mapping using open-source climate data.
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2. Scenario formulation
A forward-looking climate scenario was selected in line with EU taxonomy requirements. The IPCC high-emissions scenario (SSP5-8.5/RCP8.5) was used to assess future changes in climate hazards.
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3. Risk and vulnerability assessment
Climate hazards were translated into business risks and assessed for likelihood and operational and financial impact through workshops with Bolt teams.
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4. Adaptation measures
Existing and potential measures to reduce climate risk exposure and strengthen resilience were identified through expert interviews and internal consultations.
Miltton as a sustainability advisor
Our sustainability team provides expert advice to support sustainable business. Our strength is our ability to support our clients holistically, all the way from strategic groundwork to choosing your narrative and channels. Our team has a wide range of expertise in areas such as:
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Strategy & governance
sustainability strategies, double materiality assessments, CSDDD and human rights due diligence
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Climate & environment
climate risk assessments (in line with TCFD, CSRD, EU Taxonomy), transition planning, SBTi support
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Reporting & compliance
sustainability reporting advisory (CSRD, ESRS, VSME, GRI, EU Taxonomy)
Interested?
Let’s talk more!
Valeriia Vasileva
Senior sustainability consultant Miltton Finland +358 407 189 220 valeriia.vasileva@miltton.com
