Climate-related Financial Risk Programme
In brief
Details | |
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Date | 26-28 June 2023 |
Duration | 3-day residential |
Location | Oxford |
Fees | |
Private sector | £3,750 |
Public sector | £2,625 |
Contact
Programme Brochure
Overview
Overview
Measuring and managing climate-related financial risks is critical for institutions across the financial system. Our three-day Climate-related Financial Risk Programme at the University of Oxford is designed to equip individuals from financial institutions and regulators, government officials, and corporate strategists with the latest understanding of climate risks.
The G20 Task Force on Climate-related Financial Disclosures (TCFD), central banks and financial regulators have all highlighted the need for comprehensive, high-quality information on the impacts of climate change. The physical impacts are stranding assets across specific sectors of the global economy, with real implications that need to be appropriately and professionally managed.
In addition to the latest knowledge on climate-related financial risks, the Climate-related Financial Risk Programme provides participants with the expertise, networks, and confidence to design and implement practices for measuring and managing these risks.
Designed and developed by the Oxford Sustainable Finance Group, the programme is aimed at individuals such as:
- Risk officers in financial institutions
- Analysts and portfolio managers
- Corporate risk managers and strategists
- Financial regulators supervising or considering how to supervise firms in relation to climate-related risk
- Government officials integrating climate-related risk into government decision-making and policy
- NGOs working on climate-related financial risks.
The programme focuses on the latest evidence, the toolkit elements required to measure climate-related risks, and how these can be implemented in practice. Through the programme participants will be provided with an understanding of:
- Climate-related physical risk
- Climate-related transition risk
- Climate-related legal risk
- The use of data for analysing risk
- Scenarios for climate and energy transitions
- The latest theories on measuring climate-related risk
- The roles and expectations of regulators
- Means to navigate climate-related financial risk
Our programmes equip attendees with an understanding of the core principles and concepts in sustainable finance, as well as an in-depth knowledge of the latest developments. They are ideal preparation for professional examinations in sustainable finance and related areas.
Alumni will receive invitations to our events and conferences as part of our growing community. Alumni are eligible for a 15% discount on all other Oxford Sustainable Finance Group open enrolment executive programmes.
Through the programme participants will form a network of senior practitioners working at the intersection of finance and sustainability. Previous participants have attended from organisations including:
- Barclays Bank
- Environment Agency
- Bank of England
- Linklaters LLP
- Kresge Foundation
- CBRE Global Investors
- KPMG
- Legal & General
The programme is designed by the Oxford Sustainable Finance Group, and the content is underpinned by its research, faculty and networks. The Oxford Sustainable Finance Group is a multidisciplinary research centre working to be the world's best place for research and teaching on sustainable finance and investment. It was established in 2012 to align the theory and practice of finance and investment with global environmental sustainability.
The programme blends academic expertise with professional insight with contributions from leading Oxford faculty and leading practitioners from across the public and private sectors.
Previous speakers have included:
- Dr Ben Caldecott, Director, Oxford Sustainable Finance Group and the Lombard Odier Associate Professor and Senior Research Fellow
- Dr Friederike Otto, Senior Lecturer in Climate Science, Grantham Institute for Climate Change and the Environment, Imperial College London
- Ellie Mulholland, Director, Commonwealth Climate and Law Initiative
- Dr Nicole Röttmer Partner, PwC Germany
Apply
In order to apply please complete an online application form.
Applicants will be expected to demonstrate their suitability for the programme in terms of:
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The relevance of the programme to their occupation and organisation
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Their experience and potential, particularly in areas related to programme content
Fees & funding
The programme fee includes all teaching costs, en-suite accommodation at an Oxford college for three nights, breakfast, lunch and a dinner. It does not include the cost of travel to and from Oxford, visas, insurance or any personal expenses.
Fees | |
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Private sector | £3,750 |
Public sector and civil society | £2,625 |
We have a small number of scholarships for applicants from the public sector and civil society, in particular for candidates from developing countries.
Scholarships will cover a proportion of the course fees depending on need, and are intended to increase diversity and accessibility.
To be considered for a scholarship please ensure you select the appropriate option on the application form.
Applications are reviewed for suitability to the programme, and if the application is accepted, notification will be sent with a link for online payment.
Payment is due within 30 days of notification of acceptance, or 6 weeks before the programme begins, whichever is sooner. Registrations will be confirmed on receipt of full payment of the programme fee. Places are allocated in order of receipt of payment. Prices are subject to periodical revision.
Please read our full Terms and conditions.
Climate-related financial risk video
Video transcript
Dr Ben Caldecott, Director of Oxford Sustainable Finance Group: Climate change, the impacts of climate change are reshaping sectors of the global economy. Physical climate impacts already having a pronounced effect on the value of assets, on livelihoods, on welfare around the world. There is a growing risk around litigation and liability associated with climate change. How societies react to tackle climate change through policy, through regulation, through technological change, through social norms and so on and so forth, is also significant. So these factors are really very significant material risks today, they look set to grow. This is the reason why Mark Carney at the Bank of England and now 40-plus different financial regulators and central banks have said that climate-related risk is something that they need to be concerned about as managers and supervisors of the financial system, their financial stability. So this is one of the biggest issues facing economies facing corporations facing financial institutions, and so the course is all about that – understanding that, and then turning that into something that's actually going to make a difference in your institutions, and primarily it's focused on measurement and management and disclosure, and it touches on the whole range of issues.
So the first day of the course is focused on really getting the latest updates on the science, the social science, the legal opinions on these risks, physical risks, transition risks, liability risks, associated with climate change, and then the other the other days of focus on sort of building up the toolkit for how you measure, manage, disclose, integrate, these things into your respective institutions. So what's the right data, what are the best data sets to use, what scenarios should you be using, what projections, and how do these things come together into models, and what results are going to be useful to drive different choices, different decisions if you're a bank or an asset manager, an asset owner, government – these are all questions that we seek to explore and it's a rapidly developing area, the TCFD itself is quite new, the Supervisory statement from the Bank of England is also very new and there are other regulatory changes coming through, and even if there wasn't regulatory change it would make sense for your institution, your home institution, to think about this systematically.
The climate-related financial risk course is designed for people working in organisations who are looking to integrate climate-related financial risk into strategy and into management in their own institutions, and it's really also meant for people that are working closely on the Task Force on Climate-Related Financial Disclosures, the TCFD, for preparing disclosures under that framework, and also for people that might be responding to increased regulatory supervision on climate change, and we've seen this over recent years, and in particular the Bank of England's supervisory statement on climate change that came out in April this year, 2019.
Sir Martin Smith, Founder of the Smith School of Enterprise and the Environment: In the end this is all about people, so getting people from those companies to come and learn what's happening at the cutting edge of environmental thinking at a university like ours, it seemed to us, and I think the evidence is there, has the potential to create considerable impact.
Dr Ben Caldecott: So if you're in institutions thinking about climate-related financial risk, how do you measure it, how do you manage it, how should you disclose it, how should you report it, how should you systematically integrate this into a variety of different functions in your institution, that's the course for you.
Subscribe
In brief
Details | |
---|---|
Date | 26-28 June 2023 |
Duration | 3-day residential |
Location | Oxford |
Fees | |
Private sector | £3,750 |
Public sector | £2,625 |