Climate Change Risk Management Training Course

Participants can interpret climate information appropriately for risk and adaptation decisions.

• Greenhouse gas forcing connected to observed temperature, precipitation and sea-level trends
• Climate variability separated from long-term climate change signals
• Return periods and probability distributions interpreted for hazard planning
• Downscaled projections assessed for relevance, resolution, uncertainty and limitations
• Representative concentration pathways compared with shared socioeconomic pathways
• Hazard indicators selected for heat, flood, drought, wildfire and coastal risks

Participants can define a proportionate scope for a climate risk assessment.

• Assessment boundaries set across entities, locations, products and value chains
• Materiality criteria defined using financial, operational, social and environmental consequences
• Time horizons aligned with strategy, asset life, contracts and financing
• Stakeholder mapping identifies risk owners, affected groups and decision authorities
• Data inventory records internal evidence, external datasets and information gaps
• Risk assessment charter documents objectives, scope, roles and approval points

Participants can identify physical climate risks across operations, assets and supply chains.

• Asset registers screened against heat, flood, drought and coastal hazards
• Critical dependencies mapped for power, water, transport, communications and workforce
• Process mapping identifies climate-sensitive operational failure points
• Supplier exposure examined through location, commodity, logistics and capacity dependencies
• Community and ecosystem dependencies considered within physical risk identification
• Risk statements written using cause, event, consequence and affected objective

Participants can assess transition risks and opportunities affecting organisational strategy.

• Policy and regulatory change translated into commercial and operational impacts
• Carbon pricing exposure estimated through emissions sources and cost pass-through
• Technology substitution risks assessed against asset lives and investment cycles
• Market demand shifts tested for products, services and customer segments
• Litigation and reputation risks linked to claims, disclosures and conduct
• Strategic options compared against transition pathways and competitor responses

Participants can conduct a structured vulnerability assessment using ISO 14091 concepts.

• ISO 14091 assessment stages applied to a defined climate hazard
• Sensitivity factors identified for people, assets, services and ecosystems
• Adaptive capacity assessed through resources, skills, systems and authority
• Vulnerability scoring combines exposure, sensitivity and adaptive capacity evidence
• Participatory assessment methods capture operational knowledge and local experience
• Vulnerability findings documented with assumptions, confidence ratings and data sources

Participants can construct decision-useful climate scenarios and stress tests.

• Scenario purpose defined for strategy, assets, finance or continuity planning
• Baseline conditions established from historical hazards, losses and operating performance
• Plausible climate futures developed using SSP assumptions and hazard projections
• Narrative scenarios connect climate drivers with operational and market consequences
• Stress tests apply severe but plausible disruption to critical systems
• Scenario assumptions recorded for review, challenge and future updating

Participants can analyse and rank climate risks using transparent criteria.

• Likelihood scales calibrated using hazard projections, controls and exposure duration
• Consequence scales cover safety, service, financial, legal and environmental effects
• Inherent and residual risk differentiated through existing control effectiveness
• Risk matrices used with caution around low-probability high-consequence events
• Uncertainty ratings distinguish evidence quality, model limits and expert judgement
• Risk heat maps prioritise treatment decisions and management attention

Participants can estimate financial and operational consequences of priority climate risks.

• Direct damage costs estimated from asset values and damage functions
• Business interruption losses modelled through downtime, volume and margin assumptions
• Expected annual loss calculated from probability and consequence estimates
• Sensitivity analysis tests material assumptions, thresholds and control performance
• Discount rates and time horizons selected for long-lived adaptation decisions
• Financial impacts connected to revenue, operating costs, capital expenditure and insurance

Participants can build a climate risk register integrated with enterprise risk processes.

• Climate risk register fields aligned with enterprise risk management conventions
• Risk owners assigned according to authority, accountability and operational knowledge
• Control descriptions distinguish preventive, detective, corrective and recovery measures
• Key risk indicators designed with thresholds, frequency and escalation actions
• Risk treatment actions scheduled through accountable owners and target dates
• Register review cycles linked to planning, incidents and new climate evidence

Participants can identify adaptation measures matched to defined climate risk pathways.

• Avoid, accommodate, protect, retreat and transform adaptation pathways compared
• Nature-based solutions assessed alongside engineered and operational measures
• No-regret actions identified under uncertainty and multiple climate futures
• Maladaptation screened for displaced risk, lock-in and unintended harm
• Adaptation measures matched to hazard thresholds and decision trigger points
• Interdependencies considered between adaptation actions, emissions and social outcomes

Participants can prioritise adaptation investments using financial and non-financial evidence.

• Multi-criteria analysis compares cost, effectiveness, feasibility and equity criteria
• Cost-benefit analysis estimates avoided losses, costs and residual exposure
• Real options thinking stages investments under evolving climate information
• Life-cycle costing captures maintenance, replacement and operating implications
• Distributional impacts assessed for employees, customers, communities and suppliers
• Investment cases present recommendations, assumptions, sensitivities and approval requirements

Participants can embed climate adaptation requirements into asset and operational management.

• Design standards reviewed against projected climate loads and asset life
• Criticality analysis prioritises assets supporting essential services and revenue
• Maintenance plans adjusted for heat stress, corrosion, drainage and vegetation
• Business continuity plans incorporate climate triggers and cascading failures
• Procurement specifications include resilience performance, data and supplier obligations
• Site adaptation plans assign actions, budgets, monitoring and review cycles

Participants can assess climate risks affecting suppliers, customers, investments and financing.

• Supplier segmentation identifies climate exposure, criticality and substitutability
• Contract clauses allocate climate data, continuity and notification responsibilities
• Portfolio heat maps compare climate exposures across geographies and sectors
• Due diligence questions test counterparties' adaptation capacity and governance
• Credit and investment decisions incorporate climate risk drivers and covenants
• Financing needs linked to adaptation capital plans and risk reduction benefits

Participants can design governance arrangements for effective climate risk oversight.

• Board oversight responsibilities defined for climate risk, strategy and disclosure
• Management committees allocate decisions, challenge, resources and escalation authority
• Three lines model applied to climate risk roles and assurance
• Policies connect climate risk criteria with investment and procurement decisions
• Competence plans identify required climate knowledge across key functions
• Internal audit scopes climate risk controls, evidence and governance effectiveness

Participants can create monitoring arrangements for climate risks and adaptation performance.

• Key risk indicators selected for hazards, exposure, controls and losses
• Adaptation indicators distinguish implementation progress from resilience outcomes
• Thresholds trigger predefined actions, escalation and contingency responses
• Dashboards combine leading indicators, lagging indicators and management commentary
• Data governance assigns ownership, quality checks, retention and update frequency
• Post-event reviews convert climate disruptions into revised risk evidence

Participants can prepare climate risk communications for boards, investors and regulators.

• TCFD governance disclosures connect oversight, management roles and accountability
• IFRS S2 requirements mapped to governance, strategy, risk and metrics
• Material climate risks translated into concise board reporting language
• Scenario analysis disclosures explain assumptions, limitations and decision relevance
• Adaptation expenditure reported with expected benefits and residual risk
• Evidence files support traceability, review and assurance readiness

Participants can plan implementation of climate risk management across business functions.

• Maturity assessment identifies current practices, gaps and priority capabilities
• Implementation roadmap sequences governance, data, assessment and treatment activities
• RACI matrix clarifies responsibilities for climate risk management tasks
• Stakeholder engagement plan addresses technical, financial and operational concerns
• Budget planning distinguishes assessment costs, adaptation capital and operating expenditure
• Review milestones connect implementation progress with strategic planning cycles

Participants can adapt climate risk methods to sector-specific operating conditions.

• Urban infrastructure case examines flood resilience and service continuity priorities
• Banking case links climate scenarios to credit and portfolio exposure
• Energy case assesses heat, water stress and network reliability
• Manufacturing case addresses supplier disruption, cooling demand and asset downtime
• Agriculture case evaluates drought, pests, water allocation and farmer resilience
• Public services case prioritises vulnerable populations and critical service delivery

Participants can build, review and present a complete climate risk management and adaptation plan for a selected organisational context.

• Assessment scope, materiality criteria and climate scenarios consolidated into one plan
• Priority physical and transition risks validated against evidence and decision needs
• Adaptation portfolio justified through effectiveness, cost, feasibility and equity
• Governance, ownership, indicators and assurance arrangements integrated within implementation plans
• Board paper presents investment choices, residual risks and approval requirements
• Peer review challenges assumptions, risk ratings, controls and adaptation priorities