Standard Chartered has announced a partnership with Imperial College on climate change risk management.
The partnership aims to uncover solutions that will help embed climate risk identification and management into financial decisions, and to unlock solutions to practical questions such as how local policy actions will affect business models, and how clients build resilience to increasing physical risks, such as flooding and sea level rise.
Mark Smith, Chief Risk Officer, Standard Chartered, said: “Climate change is redefining the way we do business and manage risk. The better we can quantify the risks, the higher are our chances for developing effective responses as a society. We are excited to be partnering with Imperial College to create industry leading solutions for climate risk management and, consequently, support emerging markets.” Imperial will also provide education and training, at boardroom level and throughout Standard Chartered, via its digital learning, raising awareness of climate change and climate risk.