Climate Risk Management, Scenario Analysis, Data And Systems

Physical and transition risk channels, integrating climate risk into risk frameworks, scenarios, analytics, climate AI

What you'll learn
Define risk management and climate risk management
Understand the key physical risks from climate change
Understand the important transition risks from climate actions and mitigation plans
Define how climate risk can feature in risk management frameworks
Understand how banks are measuring and managing climate risk
Understand how energy companies are measuring and managing climate risk
Understands the key regulatory approaches to climate risk management
Define Climate Scenario Analysis
Understand the different approaches to climate scenario analysis
Define scenarios to be used in your own scenario analysis
Implement climate scenario analysis
Requirements
A basic understanding of the concepts of a risk management process but no prior experience of risk management or scenario analysis is required.
Description
This course is both for risk professionals as well as people who are studying climate risk management for the first time.  You will be taken on a journey, starting with the normal risk management frameworks already in place in your enterprise then you will be guided through the way to implement climate risk as a cross cutting risk across the existing risk types.  There has been a lot of development on climate risk management in banks so we will take a look at the latest international developments from the Bank for International Settlements and review how they see things.  We will also review the work by the Network for Greening the Financial System which is a network of central banks and supervisors who have invested a lot of time and effort in reviewing how climate risks will impact the financial system as a whole and what it means for them as supervisors.  People often ask for examples of risk management and scenarios so we also include a few examples to illustrate the concepts we are presenting.  The final section of this training course reviews the data and systems requirements and some of the potential solutions for reporting and analysis.  These data and systems can be used for opportunities as well as risk analysis and I hope that you will get some valuable insights into some practical steps you might be able to take after completing this training course to realise these opportunities as well as improve you management of climate related risks.

Overview

Section 1: Introduction

Lecture 1 Learning objectives and what is risk management?

Lecture 2 What is climate risk management?

Lecture 3 Physical risk

Lecture 4 Transition risk

Lecture 5 Impact of physical and transition risks on other risk types

Lecture 6 Climate risk measurement and management in banking

Lecture 7 Credit, market and operational risks

Lecture 8 Regulators' approaches to climate risk

Lecture 9 BP Case study

Lecture 10 Future Research

Lecture 11 Climate Risk Management: wrap-up

Section 2: Climate Scenario Analysis

Lecture 12 What is scenario analysis?

Lecture 13 Scenarios from various organisations

Lecture 14 Case studies

Lecture 15 How to implement scenario analysis

Lecture 16 Scenario Analysis - module wrap up

Section 3: Climate Data and Systems

Lecture 17 Learning objectives

Lecture 18 Climate Data: Data requirements

Lecture 19 Climate Data: Data Models

Lecture 20 Climate Data: systems solutions

Lecture 21 Climate data and systems: wrap-up

Everyone who participates in the risk management and scenario analysis process across the enterprise. And anyone who wants to improve their knowledge of climate risk management and climate risk scenarios.