Climate Change - Financial Impact of Physical Risk

Masterclass date: Thursday 21st March 2024

Physical risks resulting from climate change can be acute (driven by an event such as a flood or storm) or chronic (arising from longer-term shifts in climate patterns), presenting increasing financial risks including damage to assets, interruption of operations, and disruption to supply chains. To navigate the challenges of climate physical risk, it is critical that market participants access robust climate modelling tools to understand their exposures and inform decisive mitigation and adaptation strategies. But climate physical risk scenario analysis is no easy challenge, requiring the overlay of climate models, geospatial data and vulnerability pathways to develop actionable financial impact analysis.

In this 2.5 hour interactive and informative Masterclass, Rick Lord will explore practical approaches to climate physical risk scenario analysis including:

Modelling climate change hazards (coverage, resolution and data sources)
What latest generation climate models cover and what insight they provide
The importance of geospatial data and how to leverage proprietary and third-party asset data
How the financial impact of climate physical risk can be quantified
How clients are using this data to inform decision-making

You will receive practical takeaways – ideas, strategies and tools – you can use immediately, to help support your understanding of the financial impact of climate change and how it will affect your organisation.

Date: Thursday 21st March 2024
Time: 9:00am to 11:30am AEDT
Location: Zoom Meeting

In order to address the challenges posed by physical climate risks, it is essential for market participants to utilize robust climate modeling tools. These tools enable a comprehensive understanding of exposures, empowering informed decision-making for effective mitigation and adaptation strategies. You’ll learn this, and more during this popular Masterclass.

Workplace

Rick Lord

Rick is a climate and sustainability expert with over 15 years’ experience across the public and private sectors in Australia and the United Kingdom. Rick leads the methodology innovation team at S&P Global Sustainable 1 focusing on the design and development of innovative methodologies to aid companies and investors in understanding climate and sustainability risks and opportunities.

Key topics of interest include climate change physical and transition risks to real assets, companies and portfolios, and responding to emerging sustainability regulations and disclosure standards. Rick holds a Masters in Environmental Economics from Imperial College London and a Bachelors of Science from Queensland University of Technology.

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