IRM joins forces with Imperial College and the Grantham Institute on climate change risk

The Institute of Risk Management (IRM), Imperial College London, and the Grantham Institute have teamed up to deliver a new course on climate change risk management.

Presenters include professor Martin Siegert, co-director of the Grantham Institute and professor of geosciences at Imperial College London; Dr Mark Workman, visiting lecturer at Energy Futures Lab; and Dr Enrico Biffis, associate professor of actuarial finance at Imperial College Business School and associate director for development finance at the Brevan Howard Centre for Financial Analysis.

Also speaking is Martin Massey, chair of the  IRM’s Climate Change Special Interest Group and managing director of OneRisk Consulting.

“Since human started burning fossil fuels at an industrial scale, and increasing the concentrations of greenhouse gases, the world has changed,” said professor Siegert.

“Whether we can keep global warming to 1.5C above pre-industrial levels, or let it go much higher, depends on our ability to take firm action on carbon dioxide emissions over the coming decades. Either way, the world in 2050 will be very different to today; decarbonised and clean, or well on its way to dangerous levels of warming.”

“Business leaders and decision makers who have the ability to build and enact policies that will resonate in the coming decades must understand the environmental risks we are facing,” he added.

“The only way to do this is through programmes like this, where we draw together experts from academia, industry and business to develop a common understanding of the problem. Our world’s future needs such knowledge, and it needs people who are properly informed to make the necessary decisions.”

Senior IRM member Carol (Ouko) Misiko, who contributed to the recent World Economic Forum Global Risks Report on behalf of the IRM added:

“The IRM’s recent Global Risk Predictions highlights how climate change will impact every business and that now is the time for action ahead of COP26. Climate change affects all businesses; the extraction of coal is controversial and will continue to be the cause of continued political risks.”

The Climate Change Risk Management Training Course will be delivered virtually, over two days, with three hours of live sessions per day.