Climate Change and Business Risk
Climate Change and Business Risk
Climate Change and Business Risk
Course Overview
Climate Risk
Assessing Physical and Transition Climate Risk Across the Business
Learn to read climate science as a business signal and map it to revenue, costs, assets, and liabilities. The course covers physical hazards and transition shocks, asset exposure mapping, carbon and financed emissions, scenario stress testing, supply chain vulnerability, enterprise risk integration, board oversight, disclosure under IFRS S2, adaptation, risk transfer, and the opportunities in low-carbon markets.
What You Will Learn
The main objectives of the course are:
- Translate climate science into boardroom language.
- Explain financial and double materiality of climate.
- Navigate climate policy, carbon pricing, and regional regulation.
- Assess acute and chronic physical climate hazards.
- Analyze policy, technology, market, and reputational transition risk.
- Map climate drivers to financial impact channels.
- Build a carbon inventory including financed emissions.
- Overlay hazard data onto asset and operations exposure.
- Run NGFS, IEA, and IPCC scenario stress tests.
- Assess supply chain and supplier climate vulnerability.
- Integrate climate into enterprise risk and governance.
- Disclose under IFRS S2 and build resilience strategies.
Who Should Enroll
This certificate is designed for risk managers, CFOs and finance teams, insurance and underwriting professionals, asset and facilities managers, sustainability and climate leads, strategy and planning teams, internal auditors, supply chain managers, and non-executive directors.
Skills You Will Build
- Physical Risk Assessment
- Transition Risk Analysis
- Hazard Exposure Mapping
- Financed Emissions Accounting
- Climate Scenario Analysis
- Financial Impact Quantification
- ERM Integration
- IFRS S2 Disclosure
- Adaptation Planning
- Climate Risk Transfer
- Climate Science Interpretation
- Materiality Judgement
- Geospatial Risk Analytics
- Supply Chain Vulnerability
- Risk Appetite Setting
- Board-Level Reporting
- Assurance And Litigation Awareness
- Nature Risk Integration
- Resilience Strategy
- Opportunity Identification
Course Outline – Climate Change and Business Risk
Module 1: Climate Science for Business
- The Greenhouse Effect and the Carbon Budget
- From Weather to Climate: Timescales That Matter to Firms
- Warming Pathways, Tipping Points, and Uncertainty
- Translating Science Into Boardroom Language
Module 2: Why Climate Is a Business Issue
- Financial Materiality and Double Materiality
- Stakeholders Driving Climate Expectations
- The Cost of Inaction Versus the Cost of Action
- Climate as a Strategic, Not Peripheral, Concern
Module 3: The Global Climate Policy Landscape
- The Paris Agreement, NDCs, and Net-Zero Commitments
- Carbon Pricing, Taxes, and Emissions Trading Systems
- Regional Regulation: EU, US, UK, and Asia-Pacific
- Article 6 and International Carbon Markets in 2026
Module 4: Physical Climate Risks
- Acute Hazards: Storms, Floods, Wildfires, and Heatwaves
- Chronic Shifts: Sea-Level Rise, Drought, and Temperature Trends
- Asset and Location Exposure Mapping
- Cascading and Compounding Physical Impacts
Module 5: Transition Risks
- Policy and Legal Transition Risk
- Technology Disruption and Stranded Assets
- Market and Consumer Shifts
- Reputational Risk and Social License
Module 6: Climate Risk as Financial Risk
- Mapping Climate Drivers to Financial Impact Channels
- Effects on Revenue, Costs, Assets, and Liabilities
- Credit, Market, and Liquidity Risk Transmission
- Quantifying Climate's Impact on the Bottom Line
Module 7: Carbon Accounting and Emissions Measurement
- The GHG Protocol and Scope 1, 2, and 3 Emissions
- Building an Organizational Carbon Inventory
- Measuring Value-Chain and Financed Emissions
- Data Quality, Assurance, and Common Pitfalls
Module 8: Mapping Assets to Climate Hazards
- Building the Asset and Operations Inventory
- Overlaying Hazard Data on Geographic Exposure
- Vulnerability, Sensitivity, and Adaptive Capacity
- Prioritizing Hotspots for Deeper Analysis
Module 9: Climate Scenario Analysis
- Reference Scenarios: NGFS, IEA, and IPCC Pathways
- Designing Physical and Transition Scenarios
- Stress Testing Strategy and Financial Resilience
- Communicating Scenario Insights to Decision-Makers
Module 10: Supply Chain Climate Risk
- Upstream Exposure and Supplier Concentration
- Downstream and Logistics Vulnerabilities
- Assessing and Engaging Tier-N Suppliers
- Building Supply Chain Resilience
Learn at your convenience
*Note: These are self-paced courses, allowing learners to study independently at their own pace.
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