Climate Business Risk: How Climate Change Is Impacting Firms in the Real Economy
This Webcast is available on demand.

In this webcast, Dr. Andrew Coburn and Oliver Carpenter of the Cambridge Centre for Risk Studies will be exploring the climate-related risks impacting firms in the real economy.

Due to factors such as an organization’s location, supply chains, and the carbon intensity of its operations, different firms are going to be impacted by climate change in different ways. Understanding these differentiated impacts is a crucial factor in successfully managing these risks. Join us for this timely webcast on an important topic for risk professionals.

This session will cover:

  • Approaches to assessing climate-related transition and physical risks to a company’s earnings over different time horizons
  • Understanding how climate risks impact the business value chain, including case studies of climate risk scenarios applied to upstream, operational, and downstream business functions
  • Identifying opportunities and upside from business transformation in net-zero plans and investor dialogs
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Dr. Andrew Coburn, Chief Scientist at Cambridge Centre for Risk Studies

Andrew is a founder and Chief Scientist of the Cambridge Centre for Risk Studies at Judge Business School in the University of Cambridge.

Andrew has been the main architect of the climate change risk models and analytics produced by the Centre. These analytics are used by a range of corporate clients who partner with the Centre to produce TCFD reports and net-zero plans. Andrew works closely with clients to develop innovative uses of data and analytics to provide their decision support needs.

Andrew has created the key concepts using value-at-risk models to apply to individual organizations' financial reporting and applying scenarios to businesses as stress tests. He brings a number of techniques from risk analysis in financial services to apply to corporate finance and the application of extreme value theory to tail risk quantification in business. Andrew leads the technical application of analytics in client research and development projects.

Andrew has previously been one of the early-stage innovators of the catastrophe modelling industry for insurance, where he has created and brought numerous analytics products to market. Previously he had a 20-year career as a senior executive at RMS, where he was responsible for the development of natural and man-made catastrophe models for the insurance industry.

Oliver Carpenter, Climate Risk Lead at Cambridge Centre for Risk Studies

Oliver leads the Environmental Risks research and analytics practice at the Cambridge Centre for Risk Studies. He has been instrumental in developing the Centre’s science and quantitative models to assess financial risks to businesses from climate change as well as broader sustainability risks. Oliver is passionate about connecting organizations with relevant analytics to address climate risk, and engages closely with corporate partners to derive insights for senior managers, support ESG disclosures, and develop sustainability and net-zero strategies. His earlier research focused on emerging risk scenario development for enterprise risk management and quantifying the economic impacts of natural catastrophes.

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