Who We Are
About EDHEC-Risk Climate Impact Institute
Delivering research insights on double materiality to the financial community
Institutional context
EDHEC Business School is ranked in the top 10 of European business schools and operates from campuses in Lille, Nice, Paris, London and Singapore. With more than 110 nationalities represented in its student body, some 50,000 alumni in 130 countries, and learning partnerships with 290 institutions worldwide, it truly is international.
For more than 20 years, EDHEC Business School has been pursuing an ambitious research policy that combines academic excellence with practical relevance. Spearheaded by EDHEC-Risk Institute, our aim has been to make EDHEC Business School a key academic institution of reference for decision makers in the small number of areas in which it reached critical mass in terms of expertise and research results. This goal has been delivered by expanding academic research in these areas and highlighting their practical implications and applications to decision makers. This approach has been complemented by strategic partnerships and business ventures to accelerate the transfer of scientific innovation to the industry and financially benefit the School and its constituencies.
In the Fall of 2022, EDHEC-Risk Institute became EDHEC-Risk Climate Impact Institute (EDHEC-Risk Climate). This transition reflects the importance assigned by the School to sustainability issues and builds on the foundations laid by EDHEC-Risk Institute research programmes exploring the relationships between climate change and finance.
Mission and ambitions
The mission of EDHEC-Risk Climate Impact Institute (EDHEC-Risk Climate) is to help private and public decision makers manage climate-related financial risks and make the best use of financial tools to support the transition to low-emissions and climate-resilient economies.
Building upon the expertise and industry reputation developed by EDHEC-Risk Institute, EDHEC-Risk Climate’s central ambition is to become a leading academic reference point for long-term investors. Our goal is to help them manage the asset pricing and investment management implications of climate change as well as mitigation and adaptation efforts.
EDHEC-Risk Climate also aims to play a noted role helping financial supervisors and policy makers assess climate-related risks in the financial system and understand their links with the real economy and advising on policy. We will help to provide the financial tools they need to mitigate those risks and optimise the contribution of finance to climate change mitigation and adaptation.
The delivery of these ambitions is centred around two long-term research programmes and two initiatives:
- The research programme looking at the Implications of Climate Change on Asset Pricing and Investment Management is led by Riccardo Rebonato, PhD, Professor of Finance, EDHEC Business School, and Scientific Director, EDHEC-Risk Climate Impact Institute.
- The research programme looking at the Impact of Finance on Climate Change Mitigation and Adaptation is led by Irene Monasterolo, PhD, Professor of Climate Finance, EDHEC Business School.
- The policy advocacy initiative is managed by Frédéric Ducoulombier, CAIA, Director, EDHEC-Risk Climate Impact Institute.
- The technological transitions initiative is managed by Rob Arnold, PhD, Sustainability Research Director, EDHEC-Risk Climate Impact Institute
Currently bringing together a dozen faculty members, researchers and staff, the Institute is endowed with a EUR20 million budget for its first five years of operation.
Impact Philosophy
EDHEC-Risk Climate will pursue further research into climate-related financial risks and the impact of finance and financial tools on climate change mitigation and adaptation and will highlight its practical relevance and uses.
As such, the Institute will not only validate its work through academic publications but will also promote its applications by:
- Engaging private and public decision makers through industry publications and position papers;
- Publishing articles in practitioner-oriented media;
- Contributing to industry and policy workgroups;
- Organising and participating in seminars, conferences and executive and online courses.
Support to School Programmes and Initiatives
The faculty and permanent researchers of the Institute support the integration of climate-related issues into the curricula of EDHEC Business School degree programmes through:
- Design and teaching;
- Supervising graduate and doctoral students in their related projects and research, notably as part of the MSc in Climate Change and Sustainable Finance and the PhD in Finance;
- Lead the design and delivery of the online course (4 MOOCs) on Climate Change and Sustainable Investing.
The Institute also supports the integration of climate issues into the research agenda of the School’s other financial research centres and into the product offering of the School’s business ventures. In particular, it helps leading infrastructure research centre EDHEC Infra & Private Assets build capacity on sectoral alignment and transition plans.
#MakeAnImpact
TEAM
Research Team
AMENC Noël, PhD
Associate Professor of Finance, EDHEC Business School
Director, Scientific Infra & Private Assets
Senior Advisor, Scientific Beta
Affiliate Member, EDHEC-Risk Climate Impact Institute
ARNOLD Rob, PhD
Sustainability Research Director
DUCOULOMBIER Frédéric
Director
EDHEC-Risk Climate Impact Institute
DURANOVIC Anja
Research Assistant, EDHEC-Risk Climate Impact Institute
PhD student, EDHEC Business School
GIANFRATE Gianfranco, PhD
Professor of Finance, EDHEC Business School
Research Director, EDHEC-Risk Climate Impact Institute
KAINTH Dherminder, PhD
Research Director
LE SOURD Véronique
Senior Research Engineer
LIOUI Abraham, PhD
Professor of Finance, EDHEC Business School
Head of Faculty - Data Science, Economics & Finance
Affiliate Member, EDHEC-Risk Climate Impact Institute
MAESO Jean-Michel, PhD
Senior Quantitative Researcher
MONASTEROLO Irene, PhD
Professor of Climate Finance, EDHEC Business School
Head of Research Programme, EDHEC-Risk Climate Impact Institute
O'KANE Dominic, PhD
Professor of Finance, EDHEC Business School
Research Director, EDHEC-Risk Climate Impact Institute
REBONATO Riccardo, PhD
Professor of Finance, EDHEC Business School
Scientific Director, EDHEC-Risk Climate Impact Institute
ZERBIB Olivier David, PhD
Associate Professor, EDHEC Business School
Affiliate Member, EDHEC-Risk Climate Impact Institute
ZHANG Fangyuan, PhD
Senior Research Engineer
Marketing and Communications
Maud Gauchon
Marketing and Communications Manager
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.
