Certificate of completion issued to
Hanqi Zhou
For completing
Portfolio Climate Risk Management and Climate Stress Tests Pathway
Completion date
11 Feb 2023
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Certificate ID
dd3a7f175e57a169c3a41326443ec16e
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About Portfolio Climate Risk Management and Climate Stress Tests Pathway
7 Learning modules
2 hours of learning
4.5 rating
Proficient level
Why do banks need to prepare for climate change risks? Banks are increasingly recognising the risks that climate change brings, and stress tests have become integral to understanding these risks. In this pathway, Professor Robert Engle explains how we can construct a climate hedge portfolio to stress-test banks. Misa Tanaka then discusses the application of GEOVOL and CRISK concepts in Climate Policy. Finally, Tony Hughes will explore the macroeconomic and microeconomic risks to bank safety due to climate-related risks.
In this pathway
Understand portfolio climate risk management
Explore macroeconomic and microeconomic risks
Construct a climate hedge portfolio and use it to stress test banks
Pathway experts
Robert Engle
Nobel Prize-winning Economist
Robert Engle is a co-director of the Volatility and Risk Institute. He was awarded the 2003 Nobel Prize in Economic Sciences for his work on autoregressive conditional heteroskedasticity. He holds a Ph.D. in economics from Cornell University in New York, United States.
Misa Tanaka
Head of Research at Bank of England
Misa Tanaka is the Head of Research at the Bank of England, a position she has held since 2018. Misa joined the Bank of England in 2002 following the completion of her D. Phil in Economics at the University of Oxford. She has published articles on the likes of international policy spillovers, bonus regulations and sovereign debt finance. Misa’s current research interests include prudential policies and the impact of climate change on the financial system.
Tony Hughes
Climate Risk Modeller
Dr Tony Hughes is an expert risk modeller and data scientist at Grant Thornton. Tony has over 20 years of experience in industry and academia. Before he joined Grant Thornton he worked as a senior quantitative modeller at Moody’s Analytics for over two decades. At Moody’s, Tony developed market risk models and structural macroeconomic models for use in simulation and scenario development. Tony’s key focus is in climate modelling and ESG, which Tony described as the “greatest quantitative challenge the industry has faced for many decades”.