Overview: 

Financial institutions are being asked to implement climate risk across their businesses under regulations such as SS3/19. The recent CBES exercise revealed that scenario analysis and understanding of climate risk data is still at an infancy stage across the industry. During this session led by global climate risk data and analytics provider, Climate X, we’ll unpack what climate-related risks are, the science that underpins it all, and what it means for you.

Learning outcomes: 

  1. Reminder of Climate Risks in the Banking & Regulatory Context,
  2. Understanding the science behind physical risk modelling,
  3. Attributing financial risk to physical risk exposures, including EPC ratings and transition risks
  4. Top 10 questions to ask when looking for a climate data provider
Area of expertise:
Lukky Ahmed

Lukky Ahmed

Co-founder & CEO, Climate X

Lukky is co-founder & CEO of Climate X, a member of Forbes Business Council, and several Climate-focused initiatives including Leaders for Climate...

Lukky is co-founder & CEO of Climate X, a member of Forbes Business Council, and several Climate-focused initiatives including Leaders for Climate Action. He has over 15 years of international experience with leading Banking and Financial Services including HSBC, Hang-Seng, Lloyds Banking Group and Accenture. He has now led multi-million dollar fundraising rounds for Climate X, securing investment from some of the world’s best venture capital, family office and angels.

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Kamil Kluza

Kamil Kluza

Co-founder and CPO, Climate X

Kamil is a co-founder and CPO at Climate X, a financial services-focussed and London-based data & analytics firm quantifying climate risk ratings ...

Kamil is a co-founder and CPO at Climate X, a financial services-focussed and London-based data & analytics firm quantifying climate risk ratings and associated losses at an asset-level scale. Kamil is a statistician and econometrician with a passion for tinkering with all kinds of models that project the future. He has an extensive experience in risk management and treasury functions across tier 1 banks and consultancies globally, including Barclays, Lloyds Banking Group and Accenture. Outside of Climate X, Kamil is a NED and a member of several climate-related initiatives. He's also part of the Climate Tech Council.

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Dr Claire Burke

Dr Claire Burke

Head of Science, Climate X

After completing a PhD in astrophysics, Dr Claire Burke turned her attention back to Earth to help solve the biggest challenges society has ever faced...

After completing a PhD in astrophysics, Dr Claire Burke turned her attention back to Earth to help solve the biggest challenges society has ever faced – climate change. She has more than a decade of interdisciplinary experience, bringing expertise from physics, computer sciences and natural sciences together to solve problems previously considered impossible. Claire has worked at the Met Office and several universities, and has collaborated with large NGOs including the WWF and the Institute of Physics. Her work and ability to communicate science to a non-specialist audience has been recognised with awards from the IoP, the British Science Association and the UK Government. Claire now leads the science team at Climate X, solving other impossible science problems.

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Alexandre Crépault

Alexandre Crépault

Commercial Strategy Manager, Climate-X

Prior to moving to the UK, Alexandre led commercial strategies for internationally renowned consumer brands at Coca-Cola and AB InBev. Mixing both exp...

Prior to moving to the UK, Alexandre led commercial strategies for internationally renowned consumer brands at Coca-Cola and AB InBev. Mixing both experience & passion, Alex is driving the adoption of climate risk integration across multiple industries and international markets for Climate X; one of the most in-demand, venture-backed companies in the world, quantifying the impacts of climate change through location specific risk ratings and loss estimates.

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Climate X

Climate X

A London-based firm that helps financial institutions analyse the impact of extreme weather events linked to climate change across their existing port...

A London-based firm that helps financial institutions analyse the impact of extreme weather events linked to climate change across their existing portfolios and originations. They do this by delivering location specific risk ratings, EPC ratings for transition risk and climate adjusted loss estimates between now and 2100, under multiple climate emission pathways.

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Job titles:

  • Risk Directors
  • Heads of Credit Risk
  • Finance Directors
  • Heads of Climate Risk
  • Heads of ESG
  • Heads of Stress Testing
  • Mortgage Directors

Firms:

  • Mortgage providers
  • Banks
  • Building Societies
  • Asset Managers
  • Pension Funds
  • Insurance/Re-Insurance providers

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