Advanced Analytical Methods for Climate Risk and ESG Risk Management: A Concrete Approach to Modeling (The Wiley Finance Series) - Tapa dura

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JORGE SOBEHART has over 35 years of experience in advanced quantitative modelling in industry and government, having worked for prestigious institutions including the Atomic Energy Commission of Argentina (Nuclear Fusion Division), the Center for Nonlinear Studies at the US Los Alamos National Laboratory, Moody’s Investors Service, and CASA, a cutting-edge financial consulting start-up, making contributions in the fields of risk management, behavioral finance, theoretical and applied physics, computation and mathematical modeling. He also acted as a technical reviewer for several book editors and over a dozen professional journals in these fields. He is currently a Managing Director at a large global financial institution, leading analytics for wholesale credit and climate risk and risk ratings. During his career, he designed and developed frameworks for wholesale credit risk capital and allocation, credit and climate risk stress testing (CCAR, ICAAP, Climate Risk), credit reserves (CECL, IFRS9, FAS5), risk ratings, probability of default and various early warning tools of credit deterioration.

De la contraportada

PRACTICAL, QUANTITATIVE METHODS FOR ASSESSING THE POTENTIAL IMPACT OF CLIMATE RISKS

Written by quantitative modelling expert Jorge Sobehart, Advanced Analytical Methods for Climate Risk and ESG Risk Management is an essential guide for risk management professionals tasked with addressing potential losses incurred from the shifting climate of our planet.

In reading this book, you will gain a foundation of knowledge in the scientific and practical aspects of climate change, including a historical understanding that will enable you to maintain the perspective needed to soberly quantify risk. You will also find a strong framework for stress testing portfolios, estimating potential losses and reserve requirements. By employing information systems to aid in the monitoring and managing of climate risk, you can gather the data that will enable you to methodically apply risk allocation and management strategies--described in detail inside.

With Advanced Analytical Methods for Climate Risk and ESG Risk Management, you will gain insight into the potential impact of climate change across businesses of all sizes, across industries, and across the globe. These analytical methods for risk management will lead to improved understanding of the choices and obligations present in today's financial markets.

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Climate change is one of the most recognized issues facing society today. International organizations, the scientific community, regulators, and industry groups have been conducting climate risk studies for many years. As the impact of climate change and CO2 emissions gain more visibility globally, there is an increased interest in understanding how the industry landscape will be reshaped in response to the changing physical, economic, and political environment. Advanced Analytical Methods for Climate Risk and ESG Risk Management: A Concrete Approach to Modeling meets that interest, offering risk managers and regulators a comprehensive background on climate change, as well as a concrete method for modelling and managing the resultant risk.

Uniquely, this book provides readers with a thorough introduction to the concepts, scientific principles, historical events, and current political landscape pertinent to climate change and ESG concerns. In order to effectively manage climate risk professionals must understand both the principles of risk modelling and the real-world scenarios to which their models must refer. Author Jorge Sobehart, an expert in advanced quantitative modelling who has focused on issues of energy, climate, social impact, and financial risk, delivers a risk-centric analysis of how the planet got to this point, what might happen in the future, and what is being done about it on a regulatory level and within industry.

At its core, Advanced Analytical Methods for Climate Risk and ESG Risk Management describes a fresh perspective on advanced analytical methods, risk management, and their applications within the field of climate and ESG. By employing this book's three-pillar approach to stress testing portfolios, risk managers are assured of approaching the pressing question of climate risk with the most complete possible understanding of risk scenarios.