Company prepares for climate risk disclosure compliance

A national air medical services provider with over 3,000 employees and operations across the United States, delivering emergency air transport, critical-care response, and patient transfer services through a network of helicopter and fixed-wing aircraft bases.

The situation

The client faced a regulatory and strategic challenge: complying with California’s Climate-Related Financial Risk Act (SB-261). This law requires U.S. companies doing business in California with over $500 million in annual revenue to disclose their climate-related financial risks and mitigation efforts.

As an air medical operator with several California bases, the company needed to meet these disclosure requirements but lacked a formal climate risk framework. They had no systematic process to identify aviation-specific climate risks or assess their financial impact over time.

To comply with regulations and improve transparency with regulators, investors, and stakeholders, the company needed to develop a climate risk disclosure aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

The solution & results

Baker Tilly provided a comprehensive climate risk disclosure solution that:

• Conducted a TCFD-aligned gap assessment across all four pillars — Governance, Strategy, Risk Management, and Metrics & Targets — to establish baseline climate maturity and highlight areas for improvement.
• Facilitated cross-functional workshops with teams from operations, safety, finance, legal, HR, and IT to identify climate risks and opportunities specific to air medical services.
• Developed a comprehensive climate risk and opportunity register, evaluating each item’s likelihood, impact, and time horizon using a structured methodology.
• Performed geographic climate exposure analysis using industry-leading datasets to pinpoint bases vulnerable to heat, wildfires, water stress, and storm volatility.
• Delivered a complete TCFD disclosure report suitable for public release, detailing governance, strategic implications, risk management, and metrics development plans.
• Created a road map of future action steps for areas in early development, guiding the company on strengthening their climate risk reporting and understanding future financial impacts.