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The Global Association of Risk Professionals (GARP) has launched a new certificate in sustainability and climate risk.

The aim is to help professionals understand and manage the potential economic and operational impacts of climate change on their organisations.

The certificate is claimed to be the first global climate risk management programme and will include modules on policy and regulation, green and sustainable finance, the science, effects and measurement of climate-related risks, scenario analysis and emerging issues such as health effects and geopolitical impacts

The GARP SCR certificate is a result of a study conducted by GARP which revealed the need by professionals to be educated on sustainability and climate change.

Of the 943 study participants, 85% indicated they would need greater knowledge around sustainability and climate change in the future.

82% of respondents expect their own organisation’s focus on sustainability and climate change to increase in the long term.

Jo Paisley, Co-President of the GARP Risk Institute, said: “As businesses start to recognise climate change as a financial risk, managers will increasingly need to add climate risk management to their skill sets – not only those working in finance but also in disciplines such as supply chain management, operations and technology.”

“We developed the SCR curriculum in consultation with leading climate experts, including industry practitioners, academics and regulators,” said Bill May, Global Head of Certifications and Educational Programs at GARP. “We will regularly update our programme to give business managers the best tools – and credentials – to succeed in this rapidly-evolving field.”

Registration will begin June 1, 2020. Interested parties can sign up for more information at www.garp.org/scr.