AI, ESG and 1.5 Degrees: UNEP FI Reports at the Frontier of Climate Risk
Release Date: 05/02/2024
Embedding Nature Risk: Insights from a Senior Banking Professional
Climate Risk Podcast
Hear from Judson Berkey, Managing Director in the Chief Sustainability Office at UBS, as we learn first-hand how banks are approaching nature risk. Within finance, nature is usually treated as background: important, but invisible. However, that is beginning to change. New frameworks, regulations, and expectations are emerging worldwide, and many firms are starting to measure their impacts and dependencies on nature. In this episode, we explore how that shift is happening from the perspective of someone inside one of the world’s largest banks. We discuss: Which lessons from climate...
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Positive Tipping Points: How to Fix the Climate Crisis
Climate Risk Podcast
Hear from Prof. Tim Lenton OBE, as we explore the potential of positive tipping points in accelerating the transition to a net-zero economy. What happens when the conversation about climate change shifts from avoiding disaster to unlocking positive change? Suddenly, it’s not just about risk - it’s about momentum. Because while some systems may be close to dangerous tipping points, others – like clean energy, electric transport, and sustainable food – are tipping in the right direction. That’s why in this episode, we explore how to accelerate those positive shifts, including: ...
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From Basel to Biodiversity: An Ex-Central Banker’s Take on Nature Risk
Climate Risk Podcast
Hear from Hirotaka Hideshima, former central banker and member of the TNFD, as we explore the parallels between financial risk, nature risk and regulation. What happens when a central banker steps into the world of nature risk? Well, they can see parallels between financial risk and nature risk that aren’t obvious to others. For example, just as the global financial crisis exposed systemic vulnerabilities in banking, nature loss poses systemic risks that today’s models and disclosures struggle to capture. And although the Basel framework and the Taskforce on Nature-related...
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Navigating Systemic Risk in the Age of Polycrisis
Climate Risk Podcast
Hear from Dr. Ajay Gambhir, Director of Systemic Risk Assessment at ASRA, as we reconsider systemic risk in an increasingly interconnected world. When we think about climate risk, it’s easy to focus on individual threats - rising sea levels, extreme weather events, or biodiversity loss. But in reality, these risks are part of a larger, interconnected web of crises. Climate change interacts with geopolitical tensions, pandemics, food insecurity, and energy shocks, often creating feedback loops that can strain or even break the systems we depend on. That’s why in this episode, we explore...
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From the Archives: Revisiting the Tail Risks from Climate Change
Climate Risk Podcast
In this special episode, revisit this conversation with Prof. Tim Benton, as we remind ourselves of the devastating potential of the tail risks from climate change. Our regular listeners will know that we usually to take a break from the podcast in August. But every once in a while, in this fast-moving field of climate and sustainability, it’s helpful to pause and reflect on where we’ve been, what we’ve learned, and how far we’ve come. That’s why we’re re-releasing this episode from the archives, and revisiting a conversation that’s just as relevant today - if not more so -...
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Resilience and Retreat: What Insurability Tells Us About Climate Risk
Climate Risk Podcast
Hear from Rowan Douglas CBE, CEO of Climate Risk and Resilience at Howden Group, as we explore the vital role of insurance in the climate transition. When we talk about climate resilience, insurance often flies under the radar. But it’s one of the oldest and most powerful tools we have for managing risk: pooling resources, spreading losses, and crucially, sending signals about where risk is growing too great to bear. That’s why in this episode, we explore the vital and evolving role of insurance in supporting climate resilience. We discuss: How insurance acts as both a safety net for...
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Greening the Games: How Paris 2024 Delivered on Climate Ambition
Climate Risk Podcast
Hear from Georgina Grenon, Director of Environmental Excellence for the Paris 2024 Olympic and Paralympic Games, as we explore what it truly means to put sustainability first. Turning climate ambition into reality is a complicated process. Sustainability often requires systemic change, which is precisely why it can be so challenging. That’s why in this episode, we’re hoping to inspire and encourage our audience with the story of the greening of one of the largest and most watched events in the world: the Olympic and Paralympic Games. We explore: How clear targets and innovative...
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Why Food System Disruption Is the New Normal
Climate Risk Podcast
Hear from Stephanie Race, Founder & CEO of Earth Analytics Group, as we dive into the connections between physical climate risk, the global food supply chain, and systemic financial risk. As climate impacts intensify - from wildfires to water scarcity - these risks are no longer distant. They’re material, and they’re here to stay. This is most evident in our food system, where disrupted crop yields, shifting growing regions, and stressed supply chains are becoming the new normal. That’s why in this episode, we explore the vital and often overlooked links between climate...
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Beyond 1.5°C: How to Think About Our New Climate Reality
Climate Risk Podcast
Hear from Laurie Laybourn, Executive Director of the Strategic Climate Risk Initiative, as we explore how climate risks change in a 1.5°C world. As we look increasingly certain to breach 1.5 degrees of warming, we are entering an era defined not just by extreme weather and policy uncertainty, but also by cascading disruptions, systemic instability, and the potential for tipping points in both the environment and society. That’s why in this episode, we take a hard look at how our understanding of climate risk needs to evolve. We explore: Why traditional climate risk frameworks may be...
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How to Make an Impact: Secrets to Climate Startup Success
Climate Risk Podcast
Hear from Alyssa Gilbert, Director of Innovation at the Grantham Institute of Climate Change and the Environment, as we dive into the climate startup ecosystem. Innovation can provide powerful responses to environmental risks, from AI tools predicting the spread of wildfires in real time, to seaweed-based packaging replacing plastic at mass scale. But in fact, innovation means more than just inventing new technologies – it also means changing the ways we do business today, and helping connect these solutions with the people who can best make use of them. That’s why in today’s episode,...
info_outlineHear from David Carlin, Head of Risk at the UNEP Finance Initiative, as we dive into their latest reports covering the climate risk tool landscape, the use of AI in disclosures, and 1.5 degree warming scenarios.
As the world’s leading authority on the environment, the United Nations Environment Programme (or UNEP), has a mission to inspire, inform, and enable nations and peoples to improve their quality of life, without compromising that of future generations. And, they recognise the critical role of the financial system in achieving this goal. Through UNEP FI – their Financial Initiative – they convene networks of banks, insurers and investors to help accelerate sustainable development, as well as manage the associated risks.
Today’s guest is an energetic part of this network, helping financial firms tackle issues such as climate scenario analysis, climate risk assessments, and navigating the world of sustainability regulation. In this episode, we’ll explore some key insights from his work, including:
· How the landscape of climate risk tools and analytics providers is changing, for example with the increased use of Machine learning and AI;
· The challenges of translating the science of climate change to actionable insights for financial practitioners.
· And our guests’ secrets for reaching 100,000 followers on LinkedIn to help drive awareness of these vitally important topics.
To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr
For more information on climate risk, visit GARP’s Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate
If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com
Links from today’s discussion:
- UNEPFI homepage – https://www.unepfi.org/
- UNEPFI’s 2024 Climate Risk Landscape Report – https://www.unepfi.org/themes/climate-change/2024-climate-risk-landscape/
- David Carlin’s LinkedIn page - https://www.linkedin.com/in/david-carlin7/
Speaker’s Bio
David Carlin, Head of Risk, United Nations Environment Programme Finance Initiative (UNEPFI)
David and his team support financial actors across the world to develop best practices for managing environmental risks and identifying environmental opportunities.
Alongside his current role, David advises the Task Force on Nature-related Financial Disclosures (TNFD) and the Net-Zero Banking Alliance (NZBA) and is the founder of Cambium Global Solutions, which helps governments, corporations, and financial institutions address environmental challenges. Prior to his current role, David worked as a Principal in Finance, Risk, and Public Policy for Oliver Wyman.