
Climate Risk
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Hello and welcome to GARP's Climate Risk Podcast series, where we will be investigating how climate change is impacting the world of business and finance and what this means for risk management. Through the course of this series, we will be bringing you insights from those working at the cutting edge of climate change. We will be joined by regulators, business leaders, and risk..
Climate Risk
6d ago
Hear from Sebastian Leape, CEO of Natcap, as we explore how regulation such as the Corporate Sustainability Reporting Directive (CSRD) is pushing nature risk to the top of firms’ sustainability agendas.
At GARP, we’ve been benchmarking financial firms’ climate and nature risk management capabilities since 2019, and we see that nature is lagging climate risk by several years. But things are changing, and part of that change is driven by new regulations – such as the EU’s Corporate Sustainability Reporting Directive or CSRD – where firms are being asked to report on a range of sustainability iss ..read more
Climate Risk
3w ago
Hear from Jo Paisley and Maxine Nelson of the GARP Risk Institute as they look back on key learnings from the latest season of the Climate Risk Podcast.
As we head into 2025, the GARP Climate Risk Podcast kicks off the new year with a retrospective on the past 12 months, reviewing the key themes and insights that emerged during 2024.
From soil scientists to policymakers, financial experts to climate modelers, we’ve welcomed a diverse range of guests to share their expertise. This episode revisits some of the key learnings from these conversations and highlights the invaluable advice our ..read more
Climate Risk
2M ago
Hear from Prof. J. Doyne Farmer, Professor of Complex Systems Science at the University of Oxford, as we explore new modelling approaches designed to better capture the complex and chaotic nature of our climate and economy.
We spend a lot of time on this podcast covering the transition to a low carbon economy, which will be driven largely by policies and technological innovation. These policies tend to be based on insights from economics. And our view on the pace of innovation is often informed by expert judgement. But traditional economic models often oversimplify the world, leading to poor p ..read more
Climate Risk
2M ago
Hear from Prof. David Stainforth of LSE’s Grantham Research Institute, as we explore the limitations of climate modelling and the implications for risk management.
There are some things in life that we can be virtually certain about: if one throws a ball into the air, it will fall back down. Similarly, scientists have evidence beyond reasonable doubt that atmospheric concentrations of carbon dioxide have increased a lot in the recent past. But there are quite a lot of things that we don’t know with any confidence, giving rise to significant uncertainty when we try to forecast those things.
Tha ..read more
Climate Risk
3M ago
Hear from Prof. Pete Smith of the University of Aberdeen, as we explore the overlap in the challenges from, and solutions to, climate change and biodiversity loss.
Climate change and biodiversity loss are often treated separately – in science, policy, and even risk management. But as the connections between these global crises come into sharper focus, it’s clear that understanding them together is essential for real progress.
In this episode, we break down those silos of climate and nature, exploring an integrated approach and how it might help us address these challenges simultaneously. We di ..read more
Climate Risk
4M ago
Hear from Gordon Bennett, Managing Director at ICE, as we dive into theory and practice of carbon pricing and its important role in driving the transition to net zero.
Carbon pricing is the poster child of market-based solutions to climate change. The principle is simple: by assigning a cost to greenhouse gas emissions, we incentivize polluters to emit less, and to do so in the most cost-effective way.
But there’s a significant gap between the theory and practice. Currently, only 24% of global emissions – about 12.8 gigatonnes – are covered by pricing mechanisms such as carbon taxes or cap-and ..read more
Climate Risk
5M ago
Hear from three leading experts in natural catastrophe modeling, as we explore how climate change is causing the insurance industry to rethink their approach to modeling extreme weather.
In the previous episode, we discussed the challenges facing the insurance industry from climate change – so in this episode, we’re going to dive into some of the solutions.
Since natural catastrophe (Nat Cat) modeling was established in the late 1980s, the predictive power of their models has come from the statistical analysis of historical data. But as climate change continues to push the frequency and severi ..read more
Climate Risk
5M ago
Hear from two leading experts, as we explore how insurance is adapting to climate change and the role of the industry beyond underwriting.
Insurance plays a critical role in protecting households and businesses from the impacts of climate change, and with physical risks on the rise, it will become ever more important. However, insurers have also been significantly impacted by these risks, with annual losses from natural catastrophes exceeding 100 billion dollars for four consecutive years.
The primary concern is that these physical risks eventually become uninsurable, as we are already seeing ..read more
Climate Risk
7M ago
Hear from Emma Howard Boyd CBE, Chair of the London Climate Resilience Review, as we dive into the challenges of climate adaptation and what it means for our cities.
2023 was not only the warmest year on record, it also marked the warmest 10-year period on record. As we witness first-hand the impacts of a warming climate, including heatwaves, more intense precipitation and increased flooding, the case for building resilience against these risks becomes ever more important. This is particularly so in our cities, where the concentration of populations and economic activity make adaptation non-ne ..read more
Climate Risk
7M ago
In this special episode, hear from Tony Rooke, Executive Director at Howden Group Holdings and Beth Gould Creller, GARP’s Sustainability & Climate Risk Program Lead, as they discuss the recent improvements to the SCR’s syllabus and learning experience.
Long-time listeners of the podcast will have noticed that we often mention GARP’s Sustainability & Climate Risk (SCR) Certificate. It’s a program that GARP launched in 2020, providing all the foundational knowledge you need to become a climate risk leader within your own firm.
This episode is a special one, as we bring you a conver ..read more