EDHEC-Risk Climate Impact Institute

EDHEC-Risk Climate Impact Institute helps 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.

«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 EDHEC-Risk Climate 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.

This Institute 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 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.

Gianfranco Gianfrate, PhD, Professor of Finance, EDHEC Business School and Research Director, EDHEC-Risk Climate Impact Institute manages the collaboration between the School and the other members of the Global Research Alliance for Sustainable Finance and Investment (GRASFI), the network for cutting-edge research on sustainable finance and investment. The collaboration includes a teaching dimension with the provision by EDHEC Business School of courses titled "Climate Change and Sustainable Investing" and "From Climate Science to Climate Finance".

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