This is the first masterclass in the Climate Risk Masterclass Series, providing a practical, expert-led introduction to climate risk. It covers the fundamentals of climate risk and why it matters for organisations, along with the key distinction between physical and transition climate risks. Combining real-world examples with clear guidance, this session builds the foundational understanding needed to assess, manage, and report climate risk in line with leading frameworks such as IFRS S2 and TCFD, setting you up for the deeper dives into physical risks, transition risks, and reporting covered later in the series.
Summary
This is the first masterclass in the Climate Risk Masterclass Series, providing a practical, expert-led introduction to climate risk. It covers the fundamentals of climate risk and why it matters for organisations, along with the key distinction between physical and transition climate risks.
It focuses on applied learning, using real-world examples to build a clear, foundational understanding before moving into the more detailed sessions later in the series.
You will learn how to:
◆ Understand the fundamentals of climate risk and why it matters for organisations
◆ Differentiate between physical and transition climate risks
◆ Recognise how climate risk connects to organisational resilience and decision-making
◆ Prepare for the more detailed assessment and reporting concepts covered later in the series
Learning Outcomes
By completing this masterclass, you will build a foundational understanding of climate risk and how it applies to organisations.
What Climate Risk Is and Why It Matters
◆ Understand the fundamentals of climate risk
◆ Recognise why climate risk matters for organisations across sectors
Physical and Transition Risk
◆ Differentiate between physical and transition climate risks
◆ Understand practical examples of each risk type
Setting the Foundation for the Series
◆ Recognise how climate risk assessment, management, and reporting connect
◆ Understand how this foundational knowledge applies to IFRS S2 and TCFD
◆ Prepare for the deeper dives into physical risks, transition risks, and reporting in Masterclasses 2 to 4
Format
This masterclass is a single recorded session, approximately 1 hour in duration, and can be completed at your own pace. It is the first of four sessions in the Climate Risk Masterclass Series.
Topics covered include:
- What climate risk is and why it matters
- The difference between physical and transition climate risks
- How climate risk connects to organisational resilience and decision-making
- How this foundation supports the assessment, management, and reporting concepts covered later in the series
Who This Is For
This masterclass is designed for professionals involved in climate risk, sustainability reporting, governance, and decision-making, including those in leadership and management roles:
◆ Sustainability and ESG professionals
◆ Sustainability consultants and advisors
◆ Finance and accounting professionals
◆ Risk and compliance professionals
◆ Internal and external auditors
◆ Assurance professionals
