Introduction to Climate Risk Management
Simon Thompson
CBI Chief Executive & ESG specialist
The 2020 World Economic Forum Global Risks Report ranks climate change as the key risk faced by business, finance, and society over the next 10 years. In this video, Simon focuses on the risks and how to identify and manage them.
The 2020 World Economic Forum Global Risks Report ranks climate change as the key risk faced by business, finance, and society over the next 10 years. In this video, Simon focuses on the risks and how to identify and manage them.
Introduction to Climate Risk Management
14 mins 4 secs
Climate-related risks are the key risk faced by business, finance and society over the next 10 years. The TCFD categorises the risks between physical, transition, and liability. Organisations use scenario analysis and stress tests to try to understand the impact of these risks, and regulatory bodies encourage businesses to disclose their findings in alignment with the TCFD’s recommendations.
Key learning objectives:
Define the TCFD and stranded asset risk
Describe the three climate-related risks, as categorised by the TCFD
Explain any regulatory actions and how climate-related risks can be quantified
Simon Thompson
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