Scenarios considered

Orderly Transition
- An orderly transition to manage climate risk where actions are planned, and adaptation is methodical.
- Short-term transition risk impacts from policy / regulation changes. 
- Medium and long-term growth and stabilisation of risk, with less physical risk overall due to early transition.

Estimated +1.5 degrees Celsius at 2100 vs pre-industrial temperatures

Disorderly Transition
- Similar long-term warming outcome to an orderly transition but achieved in an uncoordinated and disorderly fashion.
- Short-term disruption avoided until pressure to meet targets mounts in the medium-term leading to significant transition risk. 
- Long-term stabilisation of risk.

Estimated +1.5 degrees Celsius to +2.0 degrees Celsius at 2100 vs pre-industrial temperatures

Failed Transition
- Failure to adapt and mitigate climate change at a global level.
- No transition to a low carbon economy, hence limited transition risk.
- However, significant and increasing amounts of physical risk lead to severe direct and indirect financial consequences.

Estimated +4.0 degrees Celsius at 2100 vs pre-industrial temperatures