Climate-related physical risks are defined as a combination of hazard, exposure, vulnerability, and impact. They are classified into acute and chronic risks. Acute risks refer to hazards that are event-driven, such as cyclones, droughts, or floods. Chronic risks refer to long-term shifts in climate patterns that may cause the continuous evolution in climate variables such as increase in average temperatures, sea level rise, water stress, etc. Transition risks and opportunities are those associated with the pace and extent at which an organisation manages and adapts to the internal and external pace of change to reduce GHG emissions and transition to renewable energy. Transition risks include policy and legal risks, technology risk, market risk, and reputation risk. Transition opportunities include resource efficiency and energy source.