← Return To Course Library
Course Level
Introduction
Delivery Method
Live Instructor-Led Virtual Course
Professional Development Credit Hours
12
Pre-requisites
There is no pre-requisite for this course.

"The instructor - Carlos - was great!" IBM


Faculty

Dr. Carlos Blanco is a financial risk management expert with over 20 years of diverse experience in energy markets. He has worked with some of the largest energy and commodity market firms worldwide providing educational, advisory services and software solutions.

He is the managing director of analytic solutions for Ascend Analytics. He has advised risk groups and senior management in oil, gas, power, mining and trading firms on various matters related to the risk management process including risk policy, hedging strategy, risk model development and validation, risk appetite and risk metrics.

Dr. Blanco is an active faculty member for Mennta Energy Solutions since 2004, and he has conducted a wide range of energy derivatives hedging, pricing and risk management seminars worldwide. A frequent conference speaker and writer, he has coauthored over 150 articles for Energy Risk Magazine, Commodities Now, Energy Metro Desk, Oil and Gas Journal and others.

He is a former VP Risk Solutions at Financial Engineering Associates, Inc (a MSCI/BARRA Company), where he managed the market risk suite of products as well as the firm's product support and professional services group. He also taught finance at the University of California, Berkeley, and the ABN AMRO Academy. He is a former VP Risk Solutions at Financial Engineering Associates, Inc (a MSCI/BARRA Company), where he managed the market risk suite of products as well as the firm’s product support and professional services group. He also taught finance at the University of California, Berkeley, and the ABN AMRO Academy. Dr. Blanco was recently awarded the GARP Sustainability and Climate Risk (SCR) certification.

GABRIEL THOUMI CFA, FRM, Founder, Responsible Alpha, is a thematic investment research manager with over 12 years’ experience as an award-winning ESG analyst (2014, 2015, 2020 & 2021), fellowship recipient (2001, 2002, 2005 & 2007), member of various NGO boards and scientific and financial technical committees, and advisor applying his scientific and investment technical skills to investors, lenders, exchanges, rating agencies, and companies across many sectors of the real-economy to support sustainable and equitable investment strategies. He has published over 70 thematic research reports employing ESG integration skills, peer reviewed papers, and hundreds of news articles on capital markets and ESG integration. He is an adjunct lecturer at Johns Hopkins University where he teaches Financing a Sustainable World. He has also taught at the Ross School of Business at the University of Michigan and at other universities. He holds the Certified Ecologist and LEED AP designations from the Ecological Society of America and the US Green Building Council respectively. Finally, he spent almost a decade in public service as a volunteer regional environment and energy commissioner supporting a sustainable and just transition economy for the Washington, DC Metro region. He has an MBA and MSc in Sustainable Systems from the University of Michigan.


Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

BAC: Mennta Energy Solutions is pleased to be endorsed by the BAC for Independent Further Education as a Short Course Provider. Endorsement covers courses delivered in the UK only.

GARP: Mennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

Intro to Sustainability and Climate Risk Management, Markets and Instruments (VIRTUAL) - SCRM


Course Schedule

Date Time Location Price* Registration Deadline**
27-31 Mar 2023
Register
10:00am-2:00pm (New York) / 15:00-19:00 (London)
Zoom: Americas to Europe
USD 1,825 (SCRM-VILTNA23-03)
24 Feb 2023

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.


Course Summary

This course is designed to help candidates of the GARP Sustainability and Climate Risk (SCR™) Certificate prepare for the exam. The course will also help professionals understand and manage the potential economic and operational impacts of sustainability and climate risks (SCRs) in their organizations. Delegates not preparing the GARP SCR certificate are welcome to attend however please be aware that there will be much discussion specifically around the exam and its suggested readings.

We will review the way climate risk impacts various economic agents from energy firms, investors and banks to insurance and reinsurance companies, manufacturers and distributors in supply chains. This workshop provides an overview of the “green” finance and trading markets created as a global response to climate change and will cover a wide range of financial products and instruments for financing sustainability and climate projects. We will review different initiative to price carbon, from a market and regulatory perspective.

We will discuss the main recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and see how different energy firms have adopted the framework to report climate risk exposures and guide portfolio management decisions.

The course also explores how to integrate SCR exposures in the Enterprise Risk Management Process, with focus on risk identification, measurement and management. We will also discuss effective design and applications of scenario analysis of climate change risks in the context of energy portfolios.

Case Studies for Energy Firms to illustrate key concepts will be introduced throughout the course.

Prior exam questions and detailed answers will be discussed throughout the course for all modules.


Who Should Attend?

Professionals who need to understand and manage the potential economic and operational impacts of sustainability and climate risks.  Candidates for the GARP Sustainability and Climate Risk (SCR™) Certificate.


Course Content

Foundations of Climate Change

- What is climate change and differences between weather and climate.
- Trends of modern climate change (mean global surface temperature, sea ice coverage, etc.)
- Primary greenhouse gases (and aerosols), sources, global warming potential (GWP), atmospheric lifetimes, and relative contribution to climate change.
- Methods to differentiate between human-induced and natural climate changes
- Earth's energy balance, greenhouse effect, artic amplification and radiative forcing.
- Economic and ecological climate impacts (e.g., precipitation, sea level rise).
- Ocean's unique role in balancing the climate cycle and contributors to sea level rise.
- Climate tipping points
- Climate change adaptation.
- Trends in the energy system and relative carbon intensities of energy sources.
- Renewable and low-emission energy technology (including carbon capture and storage)
- Challenges (e.g., intermittency) in deploying each technology.
- Carbon budgets and emissions trajectories to stay within mitigation targets.
- Sample quiz with chapter questions and review of answers

Sustainability

- UN Sustainable Development Goals (SDGs): Associated goals and targets.
- Key features of sustainable development and the goals of the 2030 Agenda.
- Strategies to reach the SDGs, materiality and alignment within the private sector.
- Principles for responsible banking
- Principles for responsible investment
- Main parameters of sustainability, social responsibility, and various environmental challenges.
- Understanding the relationship and intersection between sustainability, ESG, and climate change.
- Sample quiz with chapter questions and review of answers

Climate Change Risk

- Linkages between climate risk and financial risk.
- Task Force on Climate-related Financial Disclosure (TCFD) disclosure parameters and key recommendation features.
- Physical and transition risks: Practical examples
- Hazards/drivers, exposure, and vulnerability manifestation into physical and transition risks
- Stranded assets and stranded asset risk
- Acute and chronic physical hazards
- Uncertainty, variability, and accuracy in hazard model predictions (e.g., frequency, timeframes).
- Data challenges modeling direct physical risk.
- Current state of climate hazard data availability and key consideration to interpret climate risk data.
- Indirect risks.
- Opportunities from physical and transition risks
- Main drivers of transition risk, categories and examples
- Industry trends for each transition risk category and strategies companies can use to reduce risk or manifest climate-related opportunities.
- Case study: Physical and transition risks for the real estate and electricity sectors.
- Sample quiz with chapter questions and review of answers

Sustainability and Climate Policy, Culture, and Governance

- Relative scale of emissions by country.
- History of international climate agreements: Achievements and shortcomings
- Countries' obligations after joining various climate agreements.
- Climate change policies and goals: Before and after the Paris Agreement
- Mechanisms and plans in the Paris Agreement.
- Carbon-pricing policies of carbon taxes and emissions-trading schemes
- Benefits and drawbacks from carbon pricing mechanisms
- Climate policies in the power generation and transportation sectors.
- Sector-specific emissions reduction policies.
- Climate policy occurs at the national and subnational levels.
- Private-sector sustainability and climate investment policies.
- The role of public policy to promote the adoption of green finance.
- Introduction of climate change into Central Bank's supervision practices.
- Case study: How is the Bank of England incorporating climate-related risk into policies
- Types of policy enforcement for sustainable investment and disclosure.
- Trends in private-sector climate frameworks.
- Broader societal and cultural impacts of climate change and policies.
- Sample quiz with chapter questions and review of answers

Green and Sustainable Finance: Markets and Instruments

- Sustainable, green, and climate finance: Definition and applications
- Trends and flows in sustainable and climate finance.
- Green, social, and sustainable bonds.
- Core components of the Green Bond Principles.
- Green loans and their markets.
- Sustainability-linked bonds and loans: Definition and examples
- Sustainability-Linked Loan Principles and Sustainability-Linked Bond Principles: Core components
- Sustainable funds, green funds, and other sustainable finance products.
- Integration of ESG and climate issues into investment and lending decisions.
- The role of shareholders in the sustainability strategy of a company.
- Existing and emerging approaches to defining sustainable and green finance.
- Trends in ESG disclosure requirements for companies.
- Regulatory trends in sustainable and green finance.
- Sample quiz with chapter questions and review of answers

Climate Risk Measurement and Management

- Approaches to measuring climate-related risks: Metrics and Tools
- Difference and linkages between climate risk and other financial risks
- Main financial risks: operational, credit, liquidity, insurance underwriting, market, and sovereign risk.
- Standard tools and techniques for measuring, modeling, and managing financial risks
- Climate value at risk (CVaR) framework.
- Incorporation of climate risk into existing ERM frameworks.
- Identification, measurement and monitoring of climate related risks
- Climate risk: integration in risk governance frameworks, risk appetite statements, and risk culture.
- Climate risk implications for corporate culture and governance.
- GHG Accounting and Reporting Principles: Direct and Indirect emissions
- Business Goals and Inventory Design
- Setting Organizational Boundaries
- Setting Operational Boundaries: Scope 1, 2 and 3
- Identifying and Calculating GHG Emissions
- Reporting and verification of GHG Emissions
- Sample quiz with chapter questions and review of answers

Climate Models and Scenario Analysis

- Scenario analysis and climate scenario analysis.
- Use of climate scenario analysis by organizations.
- Intergovernmental Panel on Climate Change (IPCC) scenarios
- Representative concentration pathways (RCPs) and shared socioeconomic pathways (SSPs).
- International Energy Agency (IEA) and other global reference scenarios
- Main scenario parameters, corresponding outputs, and their business application.
- Use of scenario analysis to assess transition and physical risk.
- Use scenario analysis to set corporate strategies and communicate with stakeholders.
- Scenario analysis and its role in mitigation of operational risk and resiliency planning.
- Climate scenario analysis by financial firms
- Case studies and analysis of firm's disclosures
- Sample quiz with chapter questions and review of answers

Learn Energy
In the Classroom or Online

Contact
© Mennta Energy Solutions/Website by Hazel Digital Media
Back to Top