“The development and promotion of new tools to quantify the economic and financial consequences of climate change and climate change action or inaction can change the perceptions and actions of public and private decision makers for the better. Likewise, assessing new ‘green finance’ policies and instruments and analysing climate-related financial regulations and standards can contribute to decisions by standard setters that will better support alignment of financial flows with climate change mitigation and adaptation objectives.”

Frédéric Ducoulombier, Director, EDHEC-Risk Climate Impact Institute

 

Mission and ambitions

The mission of EDHEC-Risk Climate Impact Institute is to help private and public decision makers manage climate-related financial risks and make the best use of financial tools to transition to low-emission climate-resilient economies.

Building upon the expertise and industry reputation developed by EDHEC-Risk Institute over two decades, the core ambition of ERCII is to become the leading academic reference helping long-term investors manage the asset pricing and investment management implications of climate change and adaptation and mitigation efforts.

ERCII also aims to play a noted role helping financial supervisors and policy makers assess climate-related risks in the financial system and understand their links with the real economy, as well as advising on policy and financial tools to mitigate those risks and optimise the contribution of finance to climate change mitigation and adaptation.

Research and policy advocacy

The delivery of these ambitions is centred around two long-term research programmes and a policy advocacy function.

  • The research programme looking at "the Implications of Climate Change on Asset Pricing and Investment Management" is managed by Riccardo Rebonato, PhD, Professor of Finance, EDHEC Business School, and Scientific Director, EDHEC-Risk Climate Impact Institute.
  • The research programme looking at "the Impact of Finance on Climate Change Mitigation and Adaptation" is managed by Irene Monasterolo, PhD, Professor of Climate Finance, EDHEC Business School.
  • The policy advocacy function is managed by Frédéric Ducoulombier, CAIA, Director, EDHEC-Risk Climate Impact Institute.

Impact philosophy

EDHEC-Risk Climate Impact Institute aims to further research into climate-related financial risks and the impact of finance and financial tools on climate change mitigation and adaptation, highlighting its practical relevance and uses.

As such, the Institute not only intends to validate its work through academic publications but also to promote its applications by engaging with private and public decision makers through industry publications and position papers; articles in practitioner-oriented media; contributions to industry and policy workgroups; organisation of and participation in seminars, conferences and executive and online courses.

Support for school programmes and initiatives

The faculty and permanent researchers of the Institute support the integration of climate-related issues into the curricula of EDHEC Business School degree programmes through design and teaching; supervise graduate and doctoral students in their related projects and research (notably as part of the MSc in Climate Change and Sustainable Finance and the PhD in Finance); and lead the design and delivery of the online course (4 MOOCs) on Climate Change and Sustainable Investing.

Recent highlights

(23-05-2022) Climate physical & transition risks: Irene Monasterolo, co-author of a European Central Bank (ECB) working paper.

(09-05-2022) Over 5000 learners enrolled to increase their skills in climate change and sustainable investing.

(27-04-2022) Irene Monasterolo invited to take part in the OECD experts’ meeting - LAC Outlook 2022.

(08-03-2022) “The finance of climate change”: discover the latest special issue of the Journal of Corporate Finance.

(02-03-2022) Gianfranco Gianfrate, contributing scientist for the IPCC report on climate change.

(24-02-2022) New paper by Irene Monasterolo published with the World Bank.

In video

 

 

 

Contact

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