About This Webinar
This is the third masterclass in the Climate Risk Masterclass Series, providing a practical, expert-led look at how to assess transition climate risks. Unlike physical risks, transition risks are driven by structural shifts in policy, markets, technology, and stakeholder expectations, and are assessed through structured business analysis rather than climate datasets. This session covers how to identify where a business is exposed to transition risk, translate that exposure into financial impact, and apply scenarios to test resilience under different transition pathways. Using real-world examples, including carbon cost impacts for Smurfit Kappa and demand shifts at Unilever, it also highlights the common challenges and mistakes to avoid when assessing transition risk.
Summary
This is the third masterclass in the Climate Risk Masterclass Series, providing a practical, expert-led look at how to assess transition climate risks.
It focuses on applied learning, using a structured business analysis approach and real-world examples to show how transition risks can be identified, quantified, and tested under different future scenarios.
You will learn how to:
◆ Understand what transition risk is and how it differs from physical risk
◆ Identify where a business is exposed to transition risk, through revenue, cost, and asset exposure
◆ Translate transition risk into financial impact
◆ Apply transition scenarios to test business resilience
◆ Recognise common challenges and mistakes in assessing transition risk
Learning Outcomes
By completing this masterclass, you will build practical capability in assessing transition climate risks.
Understanding Transition Risk
◆ Understand what transition risk is and the structural drivers behind it: policy and legal, market, technology, and reputation
◆ Recognise why transition risk is fundamentally different from physical risk, and why it depends on business understanding and assumptions rather than physical data
Assessing Exposure and Financial Impact
◆ Identify where a business is exposed to transition risk, through revenue, cost, and asset exposure
◆ Apply this approach using a real-world example from chemical manufacturing
◆ Translate transition risk into financial impact, considering cost increases, revenue pressure, margin impact, and asset risk
◆ Apply this approach using real-world examples, including carbon cost impacts for Smurfit Kappa and demand shifts at Unilever
Applying Scenarios and Avoiding Common Pitfalls
◆ Apply orderly, delayed, and limited transition scenarios to test business resilience and support strategic planning
◆ Recognise the main challenges in assessing transition risk, including uncertainty, limited data, and cross-functional complexity
◆ Identify common mistakes, such as treating transition risk as purely qualitative, over-relying on generic scenarios, or overlooking opportunities alongside risks
Format
Climate Risk Masterclass 3: Transition Climate Risks is a single recorded session, approximately 1 hour in duration, and can be completed at your own pace. It is the third of four sessions in the Climate Risk Masterclass Series.
Topics covered include:
What transition risk is and how it differs from physical risk
Identifying where a business is exposed to transition risk
Translating transition risk into financial impact
Applying transition scenarios to test business resilience
Common challenges and mistakes in assessing transition risk
Real-world examples, including Smurfit Kappa and Unilever
Who This Is For
Climate Risk Masterclass 3: Transition Climate Risks 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
