Climate Risk Podcast

GARP
  • 5.0 (8)
  • BUSINESS
  • UPDATED MONTHLY

Hello and welcome to GARP's Climate Risk Podcast series, where we will be investigating how climate change is impacting the world of business and finance and what this means for risk management. Through the course of this series we will be bringing you insights from those working at the cutting edge of climate change. We will be joined by regulators, business leaders and risk practitioners who will help us build up a holistic view of the risks and opportunities that climate change poses and explore how this might affect you in your day to day work.

  1. 12/11/2025

    Societal Collapse in a Warming World: A Risk Manager's Lens

    Hear from Dr. Luke Kemp of the Center for the Study of Existential Risk at the University of Cambridge, as we dive into the risk factors for societal collapse in both the past and future. When risk professionals talk about systemic risk, we usually mean markets, institutions, and interconnected exposures. But zoom out far enough, and there's a bigger question underneath it all: what makes an entire society resilient – or vulnerable – to collapse? That's why in this episode, we explore the history and future of societal collapse through a risk lens: looking at how complex systems fail, how multiple threats compound, and the early warning signs of collapse. We discuss: ·        What societal collapse actually means in practice, and why it's rarely a single event, but a buildup of stresses and cascading failures; ·        How inequality amplifies fragility, weakening trust, institutions, and the capacity to respond when shocks hit; ·        And what a real-world "collapse risk dashboard" might look like for societies. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com Links from the discussion: Goliath's Curse: The History and Future of Societal Collapse - https://www.penguin.co.uk/books/321192/goliaths-curse-by-kemp-luke/9780241741238   Speaker's Bio Dr. Luke Kemp, Research Affiliate, Centre for the Study of Existential Risk, University of Cambridge Luke researches the end of the world. He is a Research Affiliate at the Centre for the Study of Existential Risk (CSER) at the University of Cambridge. He has advised and led foresight studies for multiple international organisations, including the WHO and Convention on Biological Diversity. His work has been covered by media outlets such as the BBC, the New York Times, and the New Yorker. He is the author of the bestselling book Goliath's Curse: The History and Future of Societal Collapse.

    41 min

  2. 11/13/2025

    Embedding Nature Risk: Insights from a Senior Banking Professional

    Hear from Judson Berkey, Managing Director in the Chief Sustainability Office at UBS, as we learn first-hand how banks are approaching nature risk. Within finance, nature is usually treated as background: important, but invisible. However, that is beginning to change. New frameworks, regulations, and expectations are emerging worldwide, and many firms are starting to measure their impacts and dependencies on nature. In this episode, we explore how that shift is happening from the perspective of someone inside one of the world's largest banks. We discuss: Which lessons from climate disclosure apply to nature, and which do not; Why some regulatory approaches to ESG-type topics are more effective than others; and The importance of not waiting for perfect data before taking action. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com   Speaker's Bio Judson Berkey, Managing Director, Chief Sustainability Office, UBS Judson is a Managing Director in the Chief Sustainability Office at UBS based in Zurich where he has worked since 2003 on global risk, regulatory and compliance topics. He currently focuses on sustainable finance policy and regulation including engagement with policymakers and standard setters. He also leads UBS work on nature. He graduated from Harvard Law School and the University of Virginia and is on the board of ECOFACT. He currently chairs the Institute of International Finance Sustainable Finance Working Group and represents UBS on the Taskforce for Nature-related Financial Disclosures and Glasgow Financial Alliance for Net Zero Steering Group.

    39 min

  3. 10/23/2025

    Positive Tipping Points: How to Fix the Climate Crisis

    Hear from Prof. Tim Lenton OBE, as we explore the potential of positive tipping points in accelerating the transition to a net-zero economy. What happens when the conversation about climate change shifts from avoiding disaster to unlocking positive change? Suddenly, it's not just about risk - it's about momentum. Because while some systems may be close to dangerous tipping points, others – like clean energy, electric transport, and sustainable food – are tipping in the right direction. That's why in this episode, we explore how to accelerate those positive shifts, including: ·         How smart policies can trigger widespread, self-reinforcing change across economies and societies; ·         Why leveraging social norms and human behavior is just as critical as investing in technology; ·         And what it takes to create the tipping points that move us toward a stable climate, not away from one. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com Links from today's discussion: Tim's previous podcast appearance - https://www.garp.org/podcast/complexities-climate-risk-cr-201102 Positive Tipping Points: How to Fix the Climate Crisis - https://academic.oup.com/book/60007 Global Tipping Points Report 2025 - https://global-tipping-points.org/ Speaker's Bio Prof. Tim Lenton OBE, Founding Director, Global Systems Institute, and Chair in Climate Change and Earth System Science, University of Exeter Tim is the founding Director of the Global Systems Institute at the University of Exeter and Chair in Climate Change and Earth System Science. He has more than 25 years research experience, focused on modelling of the biosphere, climate, biogeochemical cycles, and associated tipping points. Tim is renowned for his work identifying climate tipping points, which informed the setting of the 1.5C climate target, associated net zero targets, and nationally determined contributions.  Tim works with policymakers and businesses helping them assess the risks of climate change and nature loss and highlighting the opportunities for 'positive tipping points' that can accelerate change towards net zero. In 2023, Professor Lenton led a team of more than 200 people from over 90 organisations in 26 countries to produce an authoritative assessment of the risks and opportunities of both negative and positive tipping points in the Earth system and society. The 'Global Tipping Points Report' produced in partnership with Bezos Earth Fund was published at COP28.

    36 min

  4. 10/02/2025

    From Basel to Biodiversity: An Ex-Central Banker's Take on Nature Risk

    Hear from Hirotaka Hideshima, former central banker and member of the TNFD, as we explore the parallels between financial risk, nature risk and regulation.  What happens when a central banker steps into the world of nature risk? Well, they can see parallels between financial risk and nature risk that aren't obvious to others. For example, just as the global financial crisis exposed systemic vulnerabilities in banking, nature loss poses systemic risks that today's models and disclosures struggle to capture. And although the Basel framework and the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations are very different, they do share one key underlying objective — that is, to internalize externalities that markets fail to price. In this episode, we explore what a 30-year career in financial regulation can tell us about nature risk, including: Why risk professionals must consider the long-term materiality of nature risk, even when short-term impacts may appear limited; Practical first steps for incorporating nature into credit risk processes and operational resilience planning; and The role of qualitative judgment when models cannot fully capture environmental externalities. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com Links from today's discussion: Taskforce on Nature-related Financial Disclosures (TNFD) homepage: https://tnfd.global/ Basel Committee on Banking Supervision (BCBS) homepage: https://www.bis.org/bcbs/index.htm World Economic Forum (WEF) Global Risks Report 2025: https://www.weforum.org/publications/global-risks-report-2025/ Speaker's Bio Hirotaka Hideshima, Fellow, Global Intelligence & Sustainability Unit, Dai-ichi Life Holdings Before joining Dai-ichi Life, Hirotaka served as Counsellor on Global Strategy to the President and Board of Directors at the Norinchukin Bank, where he became actively involved in the work of the Taskforce on Nature-related Financial Disclosures. Hirotaka spent over 30 years at the Bank of Japan, where he represented the Bank on the Basel Committee on Banking Supervision, co-chaired the development of Basel III's definition of regulatory capital, and helped design the G-SIB assessment framework.

    35 min

  5. 09/11/2025

    Navigating Systemic Risk in the Age of Polycrisis

    Hear from Dr. Ajay Gambhir, Director of Systemic Risk Assessment at ASRA, as we reconsider systemic risk in an increasingly interconnected world. When we think about climate risk, it's easy to focus on individual threats - rising sea levels, extreme weather events, or biodiversity loss. But in reality, these risks are part of a larger, interconnected web of crises. Climate change interacts with geopolitical tensions, pandemics, food insecurity, and energy shocks, often creating feedback loops that can strain or even break the systems we depend on. That's why in this episode, we explore the concept of the "polycrisis," including: ·         Why understanding the connections between risks is key to managing them; ·         How a new systemic risk framework can reveal vulnerabilities across critical systems like food, energy, and health; ·         And why addressing inequality is essential if we want to strengthen resilience and meet climate and sustainability goals. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com Links from today's discussion: ASRA homepage: https://www.asranetwork.org/ GARP Climate Risk Podcast with Alyssa Gilbert: https://www.garp.org/podcast/how-to-make-an-impact-secrets-to-climate-startup-success GARP Climate Risk Podcast with Erica Thompson: https://www.garp.org/podcast/flawed-models-fragile-systems-the-risks-in-energy-food-policy Mike Berners-Lee, A Climate of Truth: https://climateoftruth.co.uk/ A systemic risk assessment methodological framework for the global polycrisis: https://www.nature.com/articles/s41467-025-62029-w Kate Raworth, Doughnut Economics: https://www.kateraworth.com/ Cascade Institute homepage: https://cascadeinstitute.org/ Speaker's Bio(s) Dr. Ajay Gambhir, Director of Systemic Risk Assessment, ASRA The Accelerator for Systemic Risk Assessment (ASRA) is an independent non-profit initiative that aims to mainstream systemic risk assessment in policy and decision-making. Ajay leads on ASRA's approach to assessing systemic risks, as well as identifying and curating supporting data, evidence and models.  In addition to this role, Ajay is also a Visiting Senior Research Fellow at Imperial College London, where he previously worked on climate change mitigation, the energy transition and associated risks, leading a team on integrated assessment modelling of low-carbon development pathways.

    33 min

  6. 08/21/2025 · BONUS

    From the Archives: Revisiting the Tail Risks from Climate Change

    In this special episode, revisit this conversation with Prof. Tim Benton, as we remind ourselves of the devastating potential of the tail risks from climate change. Our regular listeners will know that we usually to take a break from the podcast in August. But every once in a while, in this fast-moving field of climate and sustainability, it's helpful to pause and reflect on where we've been, what we've learned, and how far we've come. That's why we're re-releasing this episode from the archives, and revisiting a conversation that's just as relevant today - if not more so - than when it first aired in late 2021. This conversation about the tail risks from climate change left a huge impression on us at the GARP Risk Institute. The framing of climate risk as non-linear, deeply complex, and capable of amplifying other risks from food insecurity to political instability, was enormously influential on the direction of this podcast. Today, where the window for an orderly transition is rapidly narrowing, it's all the more important that we remember the extent of the risks posed by climate change. This episode explores: Why the risks associated with even 2.0◦C warming are greater than you might think; How climate risks are transmitted through, and amplified by, our interconnected economy; and How risk professionals can best prepare for the complex and unpredictable risks of climate change. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com Links from the discussion: Climate change risk assessment 2021: Chatham House's research publication detailing the consequences and systemic cascading risks likely from climate change - https://www.chathamhouse.org/2021/09/climate-change-risk-assessment-2021 UK Climate Risk Independent Assessment (CCRA3) Technical Report: The UK Climate Change Committee's independent analysis of the risks and opportunities for the UK - https://www.theccc.org.uk/publication/independent-assessment-of-uk-climate-risk/ Speaker's Bio Tim Benton, Professor of Population Ecology, University of Leeds Tim's research spans food security, sustainability, climate change, ecology, and systemic and interacting risks. Formerly, he was a Distinguished Fellow and Research Director at Chatham House, Environment and Society Centre, working on range of projects about how environmental risks interact with human systems. From 2011 to 2016, Tim was the 'champion' of the UK's Global Food Security programme. He has also been a contributing author for the IPCC and has more than 150 published academic papers to his name.

    33 min

  7. 07/31/2025

    Resilience and Retreat: What Insurability Tells Us About Climate Risk

    Hear from Rowan Douglas CBE, CEO of Climate Risk and Resilience at Howden Group, as we explore the vital role of insurance in the climate transition. When we talk about climate resilience, insurance often flies under the radar. But it's one of the oldest and most powerful tools we have for managing risk: pooling resources, spreading losses, and crucially, sending signals about where risk is growing too great to bear. That's why in this episode, we explore the vital and evolving role of insurance in supporting climate resilience. We discuss: How insurance acts as both a safety net for businesses and communities, and a driver of risk reduction and adaptation; The concept of "insurability," and what it reveals about our growing exposure to climate risk; and How these dynamics are playing out in the real world, through a case study of climate risks facing Europe's agricultural sector. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com Links from today's discussion: Ex-CEO of Allianz Investment Management Günther Thallinger - "The math breaks down" quote: https://www.linkedin.com/pulse/climate-risk-insurance-future-capitalism-g%C3%BCnther-thallinger-smw5f/ GARP Natural Catastrophe Modelling Masterclass (for SCR® Certificate Holders): https://www.garp.org/scr/catastrophe-modeling-masterclass The Insurability Imperative: Using Insurance to Navigate the Climate Transition: https://www.howdengroup.com/uk-en/insurability-climate-report-2025 Insurance and Risk Management Tools for Agriculture in the EU: https://www.howdengroupholdings.com/news/eu-agriculture-faces-28-billion-annual-average-loss-from-extreme-weather Video summary of Insurance and Risk Management Tools for Agriculture in the EU report: https://www.fi-compass.eu/videos/interviews/insurance-and-access-finance-farm-resilience-and-adaptation-eu Speaker's Bio Rowan Douglas CBE, CEO Climate Risk and Resilience, Howden Group Prior to joining Howden, Rowan held a number of senior roles at Willis Towers Watson, including as Head of their Climate and Resilience Hub, and also at Willis Re, where he was CEO of Global Analytics. Until recently, he was also Chair of the Operating Committee of the Insurance Development Forum, a role he began in 2015, which focused on driving resilience in communities, business, and public institutions through insurance. Rowan holds a Bachelor's in Geography from Durham University, and an MPhil in Geographical Sciences from the University of Bristol.

    31 min

  8. 07/10/2025

    Greening the Games: How Paris 2024 Delivered on Climate Ambition

    Hear from Georgina Grenon, Director of Environmental Excellence for the Paris 2024 Olympic and Paralympic Games, as we explore what it truly means to put sustainability first. Turning climate ambition into reality is a complicated process. Sustainability often requires systemic change, which is precisely why it can be so challenging. That's why in this episode, we're hoping to inspire and encourage our audience with the story of the greening of one of the largest and most watched events in the world: the Olympic and Paralympic Games. We explore: How clear targets and innovative procurement strategies helped deliver on ambitious climate goals; Why systems-thinking and good governance were critical to aligning decisions with long-term objectives; And what risk professionals can learn from this experience to apply in their own organizations, particularly around resilience, efficiency, and driving change at scale. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com Speaker's Bio Georgina Grenon, Director of Environmental Excellence, Paris 2024 Organising Committee for the Olympic and Paralympic Games Georgina has had a long and varied career in energy and sustainability across the public and private sectors. She began her career in oil and gas, before moving into renewable energy and innovation. She worked at the French Ministry of Ecology and Energy, where she supported the development of renewable energy policies and markets. She later became a Director at ENGIE Group, a French multinational electric utility company, before joining the Organizing Committee of the Paris 2024 Olympic and Paralympic Games in 2018.

    35 min
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About

Hello and welcome to GARP's Climate Risk Podcast series, where we will be investigating how climate change is impacting the world of business and finance and what this means for risk management. Through the course of this series we will be bringing you insights from those working at the cutting edge of climate change. We will be joined by regulators, business leaders and risk practitioners who will help us build up a holistic view of the risks and opportunities that climate change poses and explore how this might affect you in your day to day work.

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