Author: Jorge R. Sobehart Publisher: John Wiley & Sons ISBN: 139422009X Category : Business & Economics Languages : en Pages : 503
Book Description
A holistic view on climate risk and practical ways to model and measure it Advanced Analytical Methods for Climate Risk and ESG Risk Management provides risk management professionals and other interested parties with an introduction to climate risk, a detailed history of climate change, and analytical risk management methods. Readers will gain insight on the potential impact of climate change and learn to apply a concrete three-pronged framework for risk modelling and assessment. The management of climate risk—regardless of the size of the business or of the potential loss—is also considered in detail, with discussions of risk allocation, portfolio optimization, regulatory constraints, and sustainable goal setting. The development of advanced risk management analytical methods for ESG and climate risk is limited. This book fills a gap by offering a comprehensive review of modelling theory and methods for addressing the accelerating changes to the planet's climate. Gain thorough background knowledge of climate science, the history of climate change, and the current political and public policy landscape Understand how global climate shifts introduce localized impacts to business Identify, measure, and manage financial and operational risks Utilize a concrete methodology for stress testing portfolios and accounting for risk Risk management professionals in financial institutions, along with academics and advanced students of economics and finance, will be grateful for this comprehensive approach to climate and ESG risk. Regulators will also benefit from the thorough considerations outlined in Advanced Analytical Methods for Climate Risk and ESG Risk Management.
Author: Leonardo Martinez-Diaz Publisher: U.S. Commodity Futures Trading Commission ISBN: 057874841X Category : Science Languages : en Pages : 196
Book Description
This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Author: Chris Whipple Publisher: Springer Science & Business Media ISBN: 1468452932 Category : Technology & Engineering Languages : en Pages : 215
Book Description
On May 29 and 30, 1985, a workshop was held to explore the legal, ethical, social, scientific, and practical aspects of the use of the de minimis risk concept for health and safety regulation. The workshop was sponsored by the Society for Risk Analysis and its National Capital Area Chapter, the Environmental Protection Agency, the Nuclear Reg ulatory Commission, and the Electric Power Research Institute. The two-day meeting was held in Washington, D. C. , at the Brookings Institution; however, the Brookings Institution was not a sponsor of the meeting and did not playa role in its program. De minimis risk policy considerations were addressed from a theoretical and phil osophical viewpoint, from a quantitative and methodological basis, and through insights gained with regulatory applications. The distinctions between these three approaches to the subject are not sharp; most papers in these proceedings address aspects of all three topics. The reader familiar with the literature on the use of risk assessment in regulatory policy and decision making will find significant new contributions to the field. One of these is the examination of regulatory actions-in particular actions by the EPA-in response to risks of varying magnitude. Many attempts to seek patterns in regulatory policies have been based on analysis of the implicit economic value in obtaining risk reductions. These analyses have typically found great variability in the marginal cost 1 effectiveness of regulatory actions.
Author: Martin Hellmich Publisher: World Scientific ISBN: 180061103X Category : Business & Economics Languages : en Pages : 338
Book Description
Mastering climate change has been recognised as a major challenge for the current decade. Besides the physical risks of climate change, the accompanying economic risks are substantial. Carbon Finance: A Risk Management View provides an in-depth analysis of how climate change will affect all aspects of financial markets and how mathematical and statistical methods can be used to analyse, model and manage the ensuing financial risks. There is a focus on the transition risk (termed carbon risk), but also a discussion of the impact of physical risks (as these risks are closely entangled) on the way to low carbon economies. This is a valuable overview for readers seeking an analysis of carbon risks from the perspective of financial risk management, utilising quantitative risk management tools.
Author: Hanna Silvola Publisher: Springer Nature ISBN: 3030714896 Category : Business & Economics Languages : en Pages : 252
Book Description
This book reviews the latest methods of sustainable investing and financial profit making and describes how ESG (Environmental, Social, Governance) analysis can identify future business opportunities and manage risk to achieve abnormal returns. Megatrends such as climate change, sustainable development and digitalisation increase uncertainty and information asymmetry and have an impact on the future returns on investments. From a profit perspective, it is largely about how ESG factors affect the long-term value added by companies and the valuation of companies in the financial markets. Although sustainability provides an opportunity for abnormal returns, this phenomenon must be considered in a critical light. The book describes the risks and limitations associated with the accountability and availability of ESG data and tools. This book provides both academic findings and practical models for assessing the sustainability of investees and introduces practical tools and methods to make ESG analysis practice. It focuses on the ESG analysis of equity investments and fund investments in institutional investment organizations and provides a handbook for all investment analysts who are involved with investment decisions. Readers will benefit from understanding the methods, opportunities and challenges that professionals use in their ESG analysis with cases, interviews and practical tools for both institutional and private investors.
Author: Witold J. Henisz Publisher: Routledge ISBN: 1351287869 Category : Business & Economics Languages : en Pages : 174
Book Description
Managers of multinational organizations are struggling to win the strategic competition for the hearts and minds of external stakeholders. These stakeholders differ fundamentally in their worldview, their understanding of the market economy and their aspirations and fears for the future. Their collective opinions of managers and corporations will shape the competitive landscape of the global economy and have serious consequences for businesses that fail to meet their expectations. This important new book argues that the strategic management of relationships with external stakeholders – what the author calls "Corporate Diplomacy" – is not just canny PR, but creates real and lasting business value.Using a mix of colourful examples, practically relevant tools and considered perspectives, the book hones in on a fundamental challenge that managers of multinational corporations face as they strive to compete in the 21st century. As falling communication costs shrink, the distance between external stakeholders and shareholder value is increasingly created and protected through a strategic integration of the external stakeholder facing functions. These include government affairs, stakeholder relations, sustainability, enterprise risk management, community relations and corporate communications. Through such integration, the place where business, politics and society intersect need not be a source of nasty surprises or unexpected expenses. Most of the firms profiled in the book are now at the frontier of corporate diplomacy. But they didn’t start there. Many of them were motivated by past failings. They fell into conflicts with critical stakeholders – politicians, communities, NGO staffers, or activists – and they suffered. They experienced delays or disruptions to their operations, higher costs, angry customers, or thwarted attempts at expansion. Eventually, the managers of these companies developed smarter strategies for stakeholder engagement. They became corporate diplomats. The book draws on their experiences to take the reader to the forefront of stakeholder engagement and to highlight the six elements of corprate diplomacy.
Author: Walter Leal Filho Publisher: Springer Science & Business Media ISBN: 3642311105 Category : Business & Economics Languages : en Pages : 675
Book Description
There has been some degree of reluctance in the past to consider disaster risk management within the mainstream of adaptation to climate variability and climate change. However, there is now wide recognition of the need to incorporate disaster risk management concerns in dealing with such phenomena. There is also a growing awareness of the necessity for a multi-sectoral approach in managing the effects of climate variability and climate change, since this can lead to a significant reduction of risk. This book presents the latest findings from scientific research on climate variation, climate change and their links with disaster risk management. It showcases projects and other initiatives in this field that are being undertaken in both industrialised and developing countries, by universities and scientific institutions, government bodies, national and international agencies, NGOs and other stakeholders. Finally, it discusses current and future challenges, identifying opportunities and highlighting the still unrealised potential for promoting better understanding of the connections between climate variation, climate change and disaster risk management worldwide.
Author: T. R. Crompton Publisher: Elsevier ISBN: 1483157717 Category : Medical Languages : en Pages : 247
Book Description
Additive Migration from Plastics Into Food examines the intrusion of foreign chemicals into food via additives present in plastics packaging and the toxic hazards they pose to consumers. This book shows how direct contact between the packed commodity and the plastic is likely to result in the transfer of polymer additives, adventitious impurities such as monomers, catalyst remnants, and residual polymerization solvents, and low-molecular-weight polymer fractions from the plastic into the packaged material. This book is comprised of nine chapters and begins with a discussion on the various types of plastics used in food packaging as well as the types of substances present in the plastic that might migrate into the food. Subsequent chapters review world literature on extraction testing and the analysis of extractants. The determination of various types of polymer additives and residual monomers in extractants of liquid foodstuffs and beverages, solid foods, edible oils, and fatty foodstuffs is considered. The final chapter looks at the legal requirements concerning the use of additives in food-grade plastics in various countries. This monograph will be of interest to those in the plastics industry, food and beverage packaging industry, and large retail outlets such as supermarkets, along with medical and public health officials, legislators, environmentalists, and the general public.
Author: Terje Aven Publisher: John Wiley & Sons ISBN: 0470871237 Category : Mathematics Languages : en Pages : 208
Book Description
Everyday we face decisions that carry an element of risk and uncertainty. The ability to analyse, communicate and control the level of risk entailed by these decisions remains one of the most pressing challenges to the analyst, scientist and manager. This book presents the foundational issues in risk analysis ? expressing risk, understanding what risk means, building risk models, addressing uncertainty, and applying probability models to real problems. The principal aim of the book is to give the reader the knowledge and basic thinking they require to approach risk and uncertainty to support decision making. Presents a statistical framework for dealing with risk and uncertainty. Includes detailed coverage of building and applying risk models and methods. Offers new perspectives on risk, risk assessment and the use of parametric probability models. Highlights a number of applications from business and industry. Adopts a conceptual approach based on elementary probability calculus and statistical theory. Foundations of Risk Analysis provides a framework for understanding, conducting and using risk analysis suitable for advanced undergraduates, graduates, analysts and researchers from statistics, engineering, finance, medicine and the physical sciences, as well as for managers facing decision making problems involving risk and uncertainty.
Author: Yusuf Cengiz Toklu Publisher: John Wiley & Sons ISBN: 1119849071 Category : Technology & Engineering Languages : en Pages : 258
Book Description
Metaheuristics for Structural Design and Analysis discusses general properties and types of metaheuristic techniques, basic principles of topology, shape and size optimization of structures, and applications of metaheuristic algorithms in solving structural design problems. Analysis of structures using metaheuristic algorithms is also discussed. Comparisons are made with classical methods and modern computational methods through metaheuristic algorithms. The book is designed for senior structural engineering students, graduate students, academicians and practitioners.
Author: Jorge R. Sobehart
Author: Leonardo Martinez-Diaz
Author: Chris Whipple
Author: Martin Hellmich
Author: Hanna Silvola
Author: Witold J. Henisz
Author: Walter Leal Filho
Author: T. R. Crompton
Author: Terje Aven
Author: Yusuf Cengiz Toklu