Foundations of Climate Risk for Business with Jay Shah, SCR®
Jay Shah
Foundations of Climate Risk for Business
About this session
Target Audience: Students, early-career professionals, business owners, and anyone new to climate risk.
Course Description: This foundational course provides a comprehensive introduction to climate risk, its relevance to the modern business landscape, and the fundamental concepts necessary to understand its impact. Participants will learn why climate risk is no longer a peripheral issue but a core strategic concern for every organization.
Learning Objectives:
● Understand the definition and scope of climate risk.
● Identify the key reasons why climate risk matters to businesses, including potential financial and operational impacts.
● Differentiate between physical and transition risks, and recognize examples of each.
● Appreciate the scale of potential economic losses associated with climate disruption.
● Recognize climate risk as both a regulatory necessity and a competitive advantage.
Modules:
- Introduction to Climate Risk:
● Defining Climate Risk: Financial and operational disruptions.
● The Urgency of Climate Risk: Global economic impacts and future projections (e.g., $25 trillion in losses by 2060, $127 billion annual adaptation funding).
● Climate Risk as a Strategic Imperative: Regulatory necessity and competitive advantage.
- Physical Risks Explained:
● Acute Physical Risks: Hurricanes, floods, wildfires, extreme heat.
● Chronic Physical Risks: Sea-level rise, temperature shifts, changing precipitation patterns.
● Real-world examples and case studies of physical risk impacts on businesses.
- Transition Risks Explained:
● Policy and Legal Risks: Carbon pricing, emissions regulations, litigation.
● Technology Risks: Disruptive low-carbon technologies, stranded assets.
● Market Risks: Shifting consumer preferences, supply/demand changes.
● Reputational Risks: Stakeholder perceptions, brand value.
● Examples of transition risk impacts across various industries.
- The Business Case for Climate Action:
● Beyond Compliance: How climate action drives innovation and new opportunities.
● Investor Expectations: The growing pressure from financial markets.
● Building Resilience: Strategies for long-term business continuity.