Introduction to Climate Risk Management
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 will focus on the risks and how to identify and manage them.
Overview
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
Summary
Expert
Simon Thompson
Simon is the Chief Executive of the Chartered Banker Institute and co-author of Green Finance: Principles and Practice. He is also a former Vice President of the European Bank Training Network, and is currently Chair of the Global Banking Education Standards Committee. He specialises in professional ethics, and green and sustainable finance.
