Brief Course Description
1. Course Title:
Climate-related Financial Risk Management
2. Language of Instruction:
Vietnamese
3. Course Code:
CLI617013
4. Credits:
3
5. Course Objectives:
- Identify the role and significance of practicing financial risk management in response to climate change in the contexts of business operations, financial institution governance, and public sector management.
- Identify asset and financial risks and losses associated with extreme weather events resulting from climate change.
- Demonstrate in-depth understanding of commodity markets and the price volatility of raw materials directly linked to weather-related natural disasters.
- Understand various tools and instruments used to mitigate financial risks related to climate change.
- Analyze different types of financial risks associated with the impacts of climate change and develop risk disclosure reports in accordance with relevant standards.
6. Brief Description of Course Content:
Climate change and its negative impacts on economic activity and social life have become increasingly present and intensifying on a global scale in the last decade of 2010s. Science generally recognizes climate change as the cause of extreme weather events such as droughts, floods, tropical hurricanes, etc., incorporating the latent risks of business operations disruption and property damage. Therefore, accelerating the transition to a low-carbon or carbon-neutral economy is an ambitious goal of many countries.
In the financial sector, it is becoming growingly important to identify, measure and manage the financial risks associated with climate change. This module supports individuals working in many fields, including: risk managers in financial institutions; analyst and portfolio manager; corporate risk managers; specialists in financial supervisory organisations, government agencies and NGOs working on policies that are directly or indirectly related to financial risks posed by climate change.
The course content is organized into open topics, encouraging students to actively participate in discussions, analysis and assessment of financial risks of economic organizations / financial institutions due to the impacts of the climate change. Students will also learn methods for measuring and disclosing the information of climate-related financial risk.