TCFD - Climate-related risk management in the age of exponentials
Sustainability and Corporate Social Responsibility training
Societal expectations for climate change risk responses and disclosures have been shifting rapidly, driven by strong coordinated advocacy by investors, regulators, governments and markets. Best practice is crystallising in the form of the recommendations from the Taskforce on Climate-related Financial Disclosures (TCFD). Issues of concern and disclosure requirements can also be gleaned from CDP and DJSI questionnaires. A range of challenges nevertheless confronts practitioners:
- Building the business case for climate-related risk and opportunity assessments
- Identifying the internal network and related data, management and reporting capabilities that should be leveraged
- Identifying the open source scenarios and data sets that may support initial high level analyses.
Who is the course for?
- Risk managers tasked with incorporating climate issues into enterprise risk frameworks
- Strategy managers wanting to consider plausible climate futures in strategy development
- Sustainability managers facilitating an organisation’s adoption of the TCFD recommendations or tasked with responding to questionnaires from indices and analysts.
After the course, participants will be able to:
- Explain the requirements of the TCFD and their relevance to the organisation
- Construct a business case for action on addressing the recommendations of the TCFD
- Identify and reference key sources of physical and transitional risk data
- Assemble the top 3 candidate risks and opportunities that flow from climate change
- Identify the functions and stakeholders within and outside the organisation that will be relevant to the actions moving forward on managing climate issues.