Course description
Climate Risk & TCFD Training
- Fulfil regulatory requirementson climate risk disclosure and likely developments in the future
- Use quantitativeasset and portfolio-based climate risk and opportunity analysis
- Design and conducta portfolio analysis project from scoping to disclosure
- Integrate analysisand disclosure as an automated and continuous process
- Read and compareclimate risk disclosures from investees
- Use risk analysisand reporting for the whole set of sustainable development goals
Training content
An Introduction to Climate Risk Assessment
- What are the financial risks of climate change?
- Definition of physical and transition risks
- Understand the different time scales of climate risks
- How are climate risk metrics mapped to financial numbers?
- Examples of divestment as a reaction to climate risks
- Allianz
- BlackRock
- European Investment Bank
Legal Background in the UK, Continental Europe and the Rest of the World
- BoE / PRA’s policies
- France’s article 173 • EU non-financial reporting guidelines and law-making process
- Climate risk disclosure at major ex-Europe financial hubs
The TCFD Framework and Recommendations
- How is the TCFD set up and what is its relation to other frameworks
- EU taxonomy
- EU NFRS
- Details of the TCFD framework
- TCFD recommendations for Financial Services
- Introduction to scenario analysis as key building block of risk assessment
Evaluating Climate Risk
- Legislation is striving for Net-Zero emissions from building emissions by 2050 (NL)
- Politics issues subsidies for electric car purchase (DE)
- A process company is unable to continue production in an extended heat wave (DE)
- A country’s agrobusiness is suffering three years of drought in a row (DE)
- A global machine producer is supplying coal mining equipment (AUS)
Practice Examples from the Industry
- HSBC Pension: Typical pension fund
- AXA asset management from a global insurer’s perspective
- Landsec climate risk analysis from a real estate viewpoint
- Climate risk disclosure of oil and gas companies
- Strengths and weaknesses of today’s solution landscape
The Use of Scenario Models
- Climate economy models
- Interests and expectations from scenario-based disclosure
- Challenges to corporate transparency, comparability, completeness
- Enhancing the understanding and use of scenarios
Implementing Financial Climate Risk Portfolio Analysis and Disclosure
- Phased approach
- Scoping of analysis
- Tool and scenario selection
- Execution of analysis
- Embedding climate risk assessment into regular risk management process
Likely Developments within Climate Risk
- Internal knowledge build-up for climate risk and opportunity management
- Extension of disclosure requirement along the supply chains and towards SMEs
- Inclusion of biodiversity risk
- Extension to SDG investment
- Strategic opportunities for the Net-Zero transition
- Optimising risk and investment strategies for the Net-Zero transition
Contact this provider
IFF - International Faculty of Finance
Maple House 149, Tottenham Court Road
W1T 7AD London
International Faculty of Finance - IFF Finance & IFE Energy - Specialist Training Courses
As one of the world's leading specialist financial training organisations, The International Faculty of Finance, provides participants in the global financial markets with intensive technical training programmes designed to help them succeed on the global stage. Established in 1991 we...
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