Summary
This document is a technical report that outlines a climate risk assessment conducted for 3D Systems, focusing on identifying and evaluating climate-related transition risks, physical risks, and associated opportunities. The assessment involves periodic reviews with cross-functional business leaders and assigns risk owners to manage prioritized risks and opportunities. The report categorizes risks into acute and chronic physical risks, market risks, reputational risks, and policy-related risks, detailing potential impacts on the company's business strategy. It also presents relevant initiatives and mitigating actions taken by 3D Systems to address these risks, such as reevaluating business continuity plans, prioritizing multi-sourcing for raw materials, and investing in renewable energy solutions. Additionally, the report discusses opportunities for developing new products and services that align with climate mitigation and adaptation efforts, highlighting potential market growth driven by customer preferences for sustainability and localized production.
