Climate-related physical risks
Organized by the Oxford Sustainable Finance Group, the Oxford Sustainable Finance Summit 2022 took place on July 21 and 22 at the University of Oxford and brought together leading researchers from across Oxford with practitioners, policymakers, regulators, and civil society organisations to examine and reflect on the latest developments and trends in sustainable finance and investment. The event will also showcased and critically evaluated emerging best practice across finance sub-sectors, asset classes, and sustainability themes.
Irene Monasterolo participated as a panelist in the session entitled "Climate-related physical risks", together with:
- Dr Olivier Mahul, Practice Manager, Crisis and Disaster Risk Finance (World Bank)
- Adityadeb Mukherjee, Head of ESG, (Lloyds Banking Group)
- Tom Perkins, Catastrophe & Climate Risk Analyst (Bank of England)
- Chair: Dr Nicola Ranger, Deputy Director, UK Centre for Greening Finance & Investment, Head of Sustainable Finance Research for Development, Oxford Sustainable Finance Group (University of Oxford).
Physical risk is often seen as more remote than transition risk, particularly for wealthier countries. But COVID has taught us that risks can interact in complex ways and cascade globally. This session drew upon the evidence on systemic risks related to physical climate shocks, including compound risks and cascading global physical risks.
In this session, experts showcased the latest science in this area and identified potential hot spots of risk.
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
