Aberdeen Business School

Measuring and reporting climate-related financial risk

Climate change poses two types of risk for the corporate sector: physical and transition risks.

Award

MRes | MPhil | PhD | MSc by Research

Start Date

Usually February and October - at individual School's discretion

Research Opportunities

Summary

Physical risk refers to the economic costs and losses arising from climate-related physical events such as droughts, flooding, landslides, wildfire. Transition risks are risks associated with the adjustment towards a low-carbon economy such as risks associated with regulatory changes, technology advancement, and changes in customers’ and investors’ sentiments. We are interested in investigating whether and how the corporate sector measures and reports climate-related financial risks. We are also interested in measuring the costs, challenges, opportunities, and benefits of measuring and reporting climate-related financial risks.