We base our evaluation of an adaptation project on the increase in resilience the project is likely to provide for the covered geographical area or asset base. This results in the adaptation score.
First, we quantitatively evaluate the benefit of the added resilience, relative to the amount of the financing’s proceeds, on a five-point scale.
The benefit is the forecast reduction in the cost of expected damages caused by extreme weather events. It is based on an entity’s analysis, to which we may apply quantitative adjustments.
Second, we modify the evaluation score determined in the first step, based on our qualitative view of the adequacy of an entity’s quantification approach to determining the resilience benefit.
Third, we may apply additional adjustments in certain cases – for example, for projects that are in developing countries for which the resilience benefit may be understated because the likely significant social benefits are difficult to quantify.
|Diagnose & Conceive||Design & Deliver||Operate & Maintain|
Maturity In Use
S&P Global Ratings