Imperial College Business School will develop new research and projects on climate change risk management through a new partnership.
The Centre for Climate Finance and Investment at Imperial College Business School is working with international banking group Standard Chartered to develop a programme of long-term academic research projects and short-term reports and insights designed to help companies identify the financial risks presented by climate change and come up with more robust business models.
Through the four-year partnership, Imperial academics will aim to unlock solutions to practical questions like how local policy actions will affect business models and trade globally, and how to build resilience to increasing physical risks such as flooding and sea level rise. The funding from Standard Chartered will enable a new series of research projects covering risk management, scenario modelling, and financial risk assessment. A key aim of the partnership is to help translate academic science into effective solutions for businesses.
“This partnership will enable an important expansion of Imperial’s efforts to help define a way forward for major financial institutions and corporations on climate risk management." Dr Charles Donovan Executive Director of the Centre for Climate Finance and Investment, Business School
The Centre for Climate Finance and Investment was established in 2017 to help investors and policymakers gain greater clarity about the risks and opportunities of the transition to clean energy, energy efficiency and low-carbon technologies. Imperial and the centre will also provide training at Standard Chartered, at boardroom level and throughout Standard Chartered, via its digital learning and holographic capabilities, raising awareness of climate change and climate risk.
Dr. Charles Donovan, Executive Director of the Centre for Climate Finance and Investment at Imperial College Business School, said: “This partnership will enable an important expansion of Imperial’s efforts to help define a way forward for major financial institutions and corporations on climate risk management. Standard Chartered’s support is a testament to not only the bank’s commitment in this area, but also the pace and scale of the challenges ahead.”
Mark Smith, Chief Risk Officer at Standard Chartered, said: “Climate change is redefining the way we do business and manage risk. The better we can quantify the risks, the higher are our chances for developing effective responses as a society. We are excited to be partnering with Imperial College to create industry leading solutions for climate risk management and, consequently, support emerging markets.”
Article text (excluding photos or graphics) © Imperial College London.
Photos and graphics subject to third party copyright used with permission or © Imperial College London.
Reporter
Laura Singleton
Communications Division
