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Climate Risk Investment

Overview

In partnership with PWC and The Centre for Climate Finance Investment, The Climate Risk Programme is for senior executives in risk, finance, operations, and sustainability. The aim of the programme is to enable participants to build a strong understanding of physical risk and transition risks associated with climate change and related government policies. The programme draws from a pool of faculty with expertise in both business and the natural sciences, and will be hosted at Imperial College’s South Kensington Campus.

Who should attend?

Senior executives in risk, finance, operations, and sustainability

Learning objectives

  • Comprehension of climate change and its potential impact on agriculture, energy, public health, natural resource exploitation and geopolitical security
  • Understanding of supply chain disruptions and potential sector-specific financial losses associated with inland flooding, sea level rises, temperature increases, changes in agricultural productivity and spread of infectious diseases
  • How to undertake scenario-based business planning  to anticipate company-specific risks
  • Ways to integrate assessments about climate-related risks with other risks and therefore risk planning approaches

Programme content

Morning

1. An introduction to climate change (What are the facts?)

  • The science behind it
  • What’s happening today?
  • Physical impacts
  • Technological disruptions
  • Policy
  • Liability
  • Reputation
  • Shareholder resolutions

ImpactLab™ Imperial College Data Observatory: Experiential learning in Europe’s largest big data visualisation centre. Simulation on climate scenarios and risk planning

Afternoon

2. Main drivers for action: How climate change translates into risks and opportunities for business

  • How physical, transition, liability risks translate into strategic, operational, financial (+ credit, market, liquidity for financial institutions) risks and opportunities
  • Real-life examples

3. Secondary drivers for action: investors, regulators, credit/equity analysts, reputation, peers

  • The state of play on each of these drivers
  • Guest speaker from each driver – investor, regulator, credit rating agency

Morning

4. Risk Management

How to identify such risks and manage them? How do you integrate these into your existing enterprise risk management framework?

  • Overlay climate risks/opportunities onto business models
  • Integrating into risk management framework

5. Reporting

How will climate change affect companies’ financial reporting? Assets and liabilities? Impairments? Investment in capital assets and innovation? R&D? What about revenues and costs, profits and cashflow?

6. Overview of climate disclosure frameworks

CDP, CDSB, TCFD etc

  • Shift away from “boilerplate” disclosures, rise of activist investors
  • Location of reporting
  • Measuring and setting targets

Afternoon

Business Games

A business game split between each of the following topics:

Governance – what does this mean for the board and C-Suite? How to change behaviour? What is the role of the audit committee, risk committee, finance director etc?

Strategy – What does climate change mean for the risks and opportunities faced by companies? How can they assess materiality over the short, medium and long term? How resilient are their businesses? How do they communicate this to customers, shareholders, suppliers and staff?

Stock take of current business model – products, services, geographies

  • Technical session on how scenario analysis can be applied to participants’ businesses
  • Case study from industry or guest speaker to present on how they deal with climate change risks and/or opportunities through scenario analysis

Programme key info

07/03/2018
08/03/2018
2 days
£2,390
Imperial College Business School, London

In partnership with:

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