In this episode of Masters of Beautiful Achievements, Alexander engages with Henk Jelle Reitsma, founder of RiskSphere, to explore the intersection of climate change, risk management, and personal leadership. Henk shares his unique journey from neuropsychology to risk management, emphasizing his experiences in regulatory risk and climate risk. We discuss how the banking industry traditionally approaches climate change, highlighting how it often prioritizes climate risks while neglecting biodiversity loss, which is a significant environmental issue. We combine insights on leadership, regulatory frameworks, and the complexities surrounding climate-related risks for businesses today. Effective risk management requires asking difficult questions, confronting uncomfortable realities, and utilizing innovative thinking to ensure resilience in a rapidly evolving landscape. We talk about the concept of stranded assets and their implications in the context of climate change and economic transitions. While stranded assets might invoke fear within organizations, they can potentially be recalibrated and repurposed to stimulate new investments. The dynamics of transitional risk, where sectors may become obsolete due to environmental shifts, highlighting the importance of scenario analyses in predicting these transformations. We explore the narratives of black swans and gray rhinos, with gray rhinos symbolizing foreseen threats that often go unaddressed. Resilience within the financial sector is emphasized, particularly regarding how banks and other institutions prepare for both physical and transitional risks. Notably, the balance between large, powerful banks and smaller, localized institutions presents a complex picture of how communities can sustain themselves during economic downturns. Finally, the conversation hints at the need for innovative strategies and a robust banking system capable of adapting to and financing a sustainable future, which remains crucial for emerging economies facing disruptions. ------------------------------------------------------------------My revenue model is based how you rate this episode and willing to attribute a value for the creator (me). It goes in various names, such as Value 4 Value (Adem Curry), Gift economy (Charles Eisenstein) or Pay what you want model. It could be a monetary value as a donation, membership or something different. As it is always nice to receive an acknowledgement that you have liked what I do. Here are some options how to support this podcast =use Gumroad for a one-time or monthly donation= use Patreon for a one-time or monthly donation= Buy me a coffee for a one time small contribution In addition you can also opt for= Join my emaillist to stay updated = Or something else, like helping me with the podcast or other topics I haven't thought of ------------------------------------ --> Read here more about this and other podcast episodes if you prefer reading instead of listing. The Masters of Beautiful Achievements podcast series is where Alexander Prinsen explores natural science, innovation, systems thinking and leadership. As systemic innovation consultant at scopematters.com he helps organizations accelerate to save costs, do good and operate within the planetary boundaries.
