Brief Course Description
1. Course Title:
Climate-related Financial Risk Management
2. Language of Instruction:
Vietnamese
3. Course Code:
SFI517013
4. Credits:
3
5. Course Objectives:
At the end of the course, students will be able to achieve the following objectives:
- Identify the role and importance of practicing financial risk management in response to the impacts of climate change on businesses, financial institutions, and the public sector.
- Identify risks and financial asset losses associated with extreme weather events caused by climate change.
- Master standard financial risk prevention tools currently used in financial institutions' risk management and investment funds.
- Have in-depth knowledge of commodity markets and price fluctuations of raw materials related to natural disasters caused by extreme weather conditions.
- Analyze different types of financial risks arising from climate change and prepare risk disclosure reports according to standards.
- Know how to apply tools to control financial risks resulting from climate change.
6. Brief Description of Course Content:
Climate change and its negative impacts on economic activities and social life have become increasingly evident and intensified globally in the past decade of the 2010s. Science recognizes that climate change is the cause of extreme weather events such as droughts, floods, tornadoes, etc. This leads to disruption of business operations and property damage. Vietnam is one of the five countries most severely affected by climate change. Therefore, in the financial sector, identifying, measuring, and managing financial risks associated with climate change is becoming increasingly important.
This module supports individuals working in a variety of fields, including: risk management specialists in financial institutions; investment portfolio analysts and managers; corporate risk managers; and specialists in financial supervision organizations, government agencies, and non-governmental organizations working on policies directly or indirectly related to financial risks due to climate change.
The module begins with identifying and assessing the financial risks of economic organizations/financial institutions due to the impacts of climate change, associated with each group of fields. Next, based on the foundation of Financial Risk Management, methods of managing financial risks related to climate change will be implemented. In particular, students will also learn about methods of measuring and disclosing climate-related risks to stakeholders according to international standards.