Browse Hierarchy BUSM238: Climate Change Risk for Business

Many market stakeholders including firms, corporations, banks, insurance companies, and government agencies are becoming increasingly interested in sustainability, climate risk resilience and climate change mitigation. This module will provide the necessary analytical and empirical fundamentals to unpack and measure climate related factors that result in risk for businesses and corporations. It will then help students understand, evaluate and develop business management practices that are helpful in carbon emission reduction and to address climate risks. Moreover, students will learn analytical tools to measure environmental, social and governance impact of instruments and policies that can be employed by businesses and organisations. This course will cover the steps necessary to: i) define and measure climate risks for businesses, ii) define sustainability of business and organisations, developing metrics to measure their environmental, social and governance impact, ii) set and achieve a carbon reduction goal, including: understanding GHG accounting techniques and standards and reporting GHG, iii) analyse the impact of climate policy on business, and iv) design business management practices conducive to carbon emission reduction.