Advanced Analytical Methods for Climate Risk and ESG Management: A Concrete Approach to Modeling

PRACTICAL, QUANTITATIVE METHODS FOR ASSESSING THE POTENTIAL IMPACT OF CLIMATE RISKS Written by quantitative modelling expert Jorge Sobehart, Advanced Analytical Methods for Climate Risk and ESG Risk Management is an essential guide for risk management professionals tasked with addressing potential losses incurred from the shifting climate of our planet. In reading this book, you will gain a foundation of knowledge in the scientific and practical aspects of climate change, including a historical understanding that will enable you to maintain the perspective needed to soberly quantify risk. You will also find a strong framework for stress testing portfolios, estimating potential losses and reserve requirements. By employing information systems to aid in the monitoring and managing of climate risk, you can gather the data that will enable you to methodically apply risk allocation and management strategies—described in detail inside. With Advanced Analytical Methods for Climate Risk and ESG Risk Management, you will gain insight into the potential impact of climate change across businesses of all sizes, across industries, and across the globe. These analytical methods for risk management will lead to improved understanding of the choices and obligations present in today’s financial markets. A holistic view on climate risk and practical ways to model and measure it Advanced Analytical Methods for Climate Risk and ESG Risk Management provides risk management professionals and other interested parties with an introduction to climate risk, a detailed history of climate change, and analytical risk management methods. Readers will gain insight on the potential impact of climate change and learn to apply a concrete three-pronged framework for risk modelling and assessment. The management of climate risk—regardless of the size of the business or of the potential loss—is also considered in detail, with discussions of risk allocation, portfolio optimization, regulatory constraints, and sustainable goal setting. The development of advanced risk management analytical methods for ESG and climate risk is limited. This book fills a gap by offering a comprehensive review of modelling theory and methods for addressing the accelerating changes to the planet's climate. Gain thorough background knowledge of climate science, the history of climate change, and the current political and public policy landscape Understand how global climate shifts introduce localized impacts to business Identify, measure, and manage financial and operational risks Utilize a concrete methodology for stress testing portfolios and accounting for risk Risk management professionals in financial institutions, along with academics and advanced students of economics and finance, will be grateful for this comprehensive approach to climate and ESG risk. Regulators will also benefit from the thorough considerations outlined in Advanced Analytical Methods for Climate Risk and ESG Risk Management.

Pagina's: 496, Editie: Eerste editie, Hardcover, Wiley