Sustainability and Climate Risk Climate risk and Sustainability are fast gaining importance in today’s financial world because of the global agenda on climate change and efforts to reduce Greenhouse gas (GHG) emissions internationally. These follows the Paris agreement on climate change in 2015 and the alliances formed at COP26 Glasgow more recently. Indeed, climate risk is an emerging ‘new’ risk class in financial institutions because of indirect dire impact from transition risk and physical risks. Importantly regulators (such as the Monetary Authority of Singapore (MAS)) are drafting the standards and reporting requirements for this new emerging risk class to be measured, controlled, and disclosed. In terms of global banking regulations, climate risk is fast making its way into industry-wide stress tests, accounting standards, and potentially Basel capital.The Risk Management Institute (RMI)’s Sustainability and Climate Risk exam preparation course is designed to align with Global Risk Professionals' certification objectives and examination structure.There are following 10 chapters in the latest SCR certificate covering aspects of sustainability and climate risk management. The SCR Certificate Program and Exam covers the following topics:Foundations of Climate Change: What is Climate Change?SustainabilityClimate Change RiskSustainability and Climate Policy, Culture, and GovernanceGreen and Sustainable Finance: Markets and InstrumentsClimate Risk Measurement and ManagementClimate Models and Scenario AnalysisNet ZeroClimate and Nature Risk AssessmentTransition Planning and Carbon Reporting
What you'll learn
understand the fundamentals of climate change and its impact on financial markets
identify and manage climate risks in various financial contexts
analyze sustainability policies and governance structures
navigate green finance markets and associated instruments
apply climate risk measurement techniques and management strategies
Course objectives
prepare for the SCR Certification exam
build a solid foundation in sustainability and climate risk management
develop skills in climate risk assessment and transition planning