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Climate Risk Management for Business Leaders

$3,344.00 $3,800.00 Save $456.00
Climate Risk Management for Business Leaders

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Location

NYU Stern School of Business
44 West 4th Street
New York, NY 10012

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Climate Risk Management for Business Leaders

$3,344.00 $3,800.00 Save $456.00

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Overview

PLEASE NOTE: This program is currently being taught as an In Person class.

 

The physical manifestations of climate change such as wildfires and rising sea levels can have substantial effects on firms’ operations and overall economic activity. Similarly, regulatory responses to limit carbon emissions create both risks to carbon-intensive business models and opportunities for firms supporting the transition to a low-carbon world. As a result, investors, regulators, employees, and customers are increasingly requiring firms to understand, disclose, and manage the various risks from climate change. 

This 2-day course provides participants with an introduction to the various types of climate risks as well as approaches to managing these risks. We will review the science behind climate change and discuss how physical and transition climate risks can be measured and managed across both financial and non-financial businesses. Participants will leave with a better understanding of how climate change will affect their organizations, and how to minimize the risks and maximize the opportunities from a transition to a low-carbon economy.

 

Certificates and Credits

Upon completion of this course, participants will receive a Certificate of Achievement.

Program Takeaways

During this course, participants will:

  • Understand the Science

    Understand the science behind climate change, and the various physical and transition risks it brings for different industries and asset classes.
  • Quantify the Risks

    Examinine methods (and their limitations) for quantifying climate risks at firms and financial institutions.
  • Develop an Approach

    Develop approaches to managing the direct and indirect risks from climate change.

Who Should Attend

Although there are no formal education or background requirements, this course is designed for executives who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.

  • Years of Experience

    This course is designed for professionals with 5+ years of work experience
  • Job Functions

    Ideal for professionals across a wide range of functions and businesses interested in developing and demonstrating their ability to understand and manage the various risks from climate change for their businesses.
  • Prerequisites

    No prior knowledge of climate risk management is required for this introductory course.

Agenda

The following agenda is a sample and subject to change.

9:00 - 10:30 am ET: Session 1: Introduction & The Science of Climate Change

  • Review the basic science behind climate change and global warming.
  • Understand the climate change scenarios produced in the latest IPCC (Intergovernmental Panel on Climate Change) report.
  • Discuss the state of technological solutions to climate change (e.g., carbon capture and storage, geoengineering).

10:30 - 10:45 am ET: Break

10:45 am - 12:15 pm ET: Session 2: Sources of Climate Risk

  • Identify and describe physical and transition climate risks. 
  • Review regulatory responses to combat climate change, such as carbon taxes and cap-and-trade systems.

12:15 - 1:15 pm ET: Lunch Break

1:15 - 2:45 pm ET: Session 3: Climate Risk Measurement and Reporting

  • Discuss the challenges in measuring and reporting climate risks.
  • Describe current reporting frameworks such as the EU’s Taxonomy and reporting requirements under the proposed SEC rule.

2:45 - 3:00 pm ET: Break

3:00 - 4:30 pm ET: Session 4: Climate Risks in Energy & Real Estate Markets

  • Discuss how climate risks affect the energy sector and energy prices.
  • Examine the costs and benefits of renewable energy sources and green hydrogen. 
  • Understand how physical and transition climate risks affect real estate valuations.

9:00 - 10:30 am ET: Session 5: Managing Climate Risks in Investment Portfolios

  • Learn about pricing of climate risks across equity and fixed income markets.
  • Discuss strategies to hedge climate risks in investment portfolios, and how this relates to ESG investing.

10:30 - 10:45 am ET: Break

10:45 am - 12:15 pm ET: Session 6: Managing Climate Risks in the Financial Sector

  • Appreciate the rise of climate risk as a focus of central banks and financial regulators.
  • Review climate stress tests and scenario analyses to manage financial climate risks.
  • Describe the effect of banks’ climate risk management on their lending activities.
  • Discuss the growth of green financial products, such as green bonds.

12:15 - 1:15 pm ET: Lunch Break

1:15 - 2:45 pm ET: Session 7: Managing Climate Risks in the Non-Financial Sector

  • Understand the opportunities and challenges with using insurance markets, internal carbon prices, and carbon offsets to manage climate risks.
  • Discuss the role of various climate risk adaptation strategies.

2:45 - 3:00 pm ET: Break

3:00 - 4:30 pm ET: Session 8: Compound Risks

  • Understand the relationship between climate risks and other key risks, such as geopolitical risk, pandemic risks, and biodiversity risks.

    Program Conclusion and Evaluations

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