The physical effects of climate change – rising global sea levels and temperature, to extreme weather events – are creating or exacerbating numerous risks.
While physical risks are generating a significant amount of uncertainty for business and finance, the most direct impact of physical risk is the damage of physical assets and disruption to their use. Understanding and evaluating these risks is clearly very important, but it can become challenging as the scale of the assessment increases relative to the total assets held by a firm or within a portfolio.
That’s why this episode focuses on how the risks to physical assets can be assessed at scale, and how to navigate the uncertainty inherent in this type of modeling. We also discuss how mapping out supply chains, core infrastructure, and their interdependencies can reveal vulnerabilities as well as opportunities for collaborative adaptation.
By listening to today’s episode, you will learn:
- The impacts of physical risk at the asset level
- The key inputs and outputs used when conducting a physical risk assessment
- The secondary impacts of physical risk on supply chains and core infrastructure
- How physical risk data can be used to facilitate collaborative adaptation efforts
If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you. Please email us at: email@example.com
Links from today’s discussion:
XDI: Cross Dependency Initiative – https://xdi.systems/
GARP’s Climate Resources Hub – https://climate.garp.org/
Rohan Hamden – Founder and CEO at XDI: Cross Dependency Initiative
Rohan Hamden is the founder and CEO of XDI: Cross Dependency Initiative, an international data and analytics organization specializing in the modeling and analysis of asset-level physical climate risk.
Rohan began his career as a firefighter before working in the Australian government for nearly 15 years. During that time Rohan held a number of sustainability and climate-related roles, culminating in the directorship of the Climate Adaptation Program for South Australia, where he designed and led the implementation of the state’s multi-award-winning climate change adaptation program.
Rohan has advised various state and national governments on their climate adaptation programs in Australia, Canada, the USA, and the UK, and in 2017 he co-founded XDI with a vision of mainstreaming climate information into infrastructure and financial decision making.
You might also be interested in
Staying Ahead of the Climate Risk Curve with the SCR
In this webcast we will discuss how the SCR Certificate was created based on the most current thinking on climate risk and sustainability.
Climate Risk Management Begins to Drive Investment Decisions
Investing in resilience is not only imperative to addressing climate change; emerging research is starting to show that doing so
Our Sustainability and Climate Risk CertificateWe’ve designed our sustainability and climate risk certificate to help risk professionals prepare for change, then set and manage standards for years to come. REGISTER NOW
We are a not-for-profit organization and the leading globally recognized membership association for risk managers.