Climate Change Risk In Finance
A fundamental course for financial professionals focused on the consequences of climate change on finance – how to navigate data, measure risk, gain accurate insights for financial decision making, and capture opportunities related to transitioning to net zero.
Learners will gain an overview of the assessments made to establish financial risk associated with climate change. They will be familiarised with the way these assessments are increasingly informing decision-making in global capital markets.
This online course provides an overview of the Financial Stability Board’s Taskforce on Climate-Related Financial Disclosures (TCFD) framework for disclosing both climate risks and opportunities in financial reports. It covers the integration of climate risks into central banks’ activities and supervisory authorities’ monitoring. It also discusses how investment managers and advisers assess exposure to climate change risks using Environment, Social, Governance (ESG) frameworks.
This course is intended for those who have some prior work experience in a related field and those who wish to reskill in this area. The course content will be of interest to finance, banking, investment, fintech and insurance professionals.
The desire of governments, regulators, standard-setters and business to understand how climate change can be a threat multiplier to key macro-financial risks requires individuals with the necessary skills to translate insights from climate science and climate modelling into micro and macroeconomic impacts, and eventually into financially risks. This course will help participants to gain accurate insights for financial decision making, and capture opportunities related to transitioning to net zero.
The course will be taught through online sessions consisting of a mix of self-paced and live, facilitated discussions with participants and industry experts.
The programme is aimed at financial professionals who are:
- Interested in developing their knowledge of sustainable finance
- Want to learn the latest from academics and practitioners
- New to sustainable finance
- Tasked with developing new products and services
- Responsible for leading change
Over the course of 12 weeks, you will:
Explore the emerging theories and practice of sustainable finance and climate-related financial risks.
Be introduced to climate change fundamentals and terminology.
Understand how to translate the complex climate information compiled from observations and near- and long-term model predictions for financial decision-makers.
Understand how to assess and quantify the direct risks arising from climate change on physical assets, businesses, portfolios and supply chains; but also potentially near-term disruptive impacts associated with mitigation policies, changing preferences, and ongoing technological change.
Understand the impact of climate change on different financial asset classes (equity markets, fixed-income markets, real estate).
You will build confidence in applying learnings for financial decision-making.
We assume no prior knowledge, but we do assume a keen interest in learning the tools required to help you think about future solutions linked to your day-to-day work.
Further information can be found on the course website:
This is a 12 week course, comprising a total of 50-60 learning and teaching hours overall, with 10-12 hours per module (of which there are 5, A-E).
Starting on 5th September,live sessions will take place every 2nd Tuesday from 1-2pm on Zoom.
Course fees for 23/24 are £2,000 but funded places are available for people employed or unemployed in Scotland (residency requirements apply).
Funding
Through the Scottish Funding Council (SFC) Upskilling Fund, a limited number of fully-funded places are available on Data Upskilling Short Courses at The University of Edinburgh.
Eligibility
Funded places are available to those who meet SFC fee waiver criteria:
“Courses/provision is open to all Scottish-domiciled/’home fee’ students, which is consistent with SFC’s policy for core funded student places. Students from the rest of the UK (rUK) are not normally considered eligible for SFC funding. If however a university is working with a Scottish/UK employer which has a physical presence or operating in Scotland, rUK employees of that employer would be eligible.”
If you are from outside Scotland, you need to have settled status in the UK and meet other residency criteria:
- be ordinarily resident in the United Kingdom, the Channel Islands or the Isle of Man for the three years immediately before course start date, and
- have ‘settled status’ in the UK (as set out in the Immigration Act 1971) at the course start date, and
- be ordinarily resident in Scotland at the course start date.
You can find out more about residency criteria on the SAAS website or in this summary.
Funding eligibility will be assessed at the point of each application for each course; you may be asked to provide further information if you do not meet the general residence conditions. You can check your likely fee status here: https://www.ed.ac.uk/tuition-fees/fee-status/work-out Please email us at upskilling@ed.ac.uk if you would like to discuss your funding eligibility before applying.
Please note that full-time students (including full-time PhD students) are not eligible for funding.
You will receive a certificate of completion.
Application for September 2023 are now closed.
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