Should You Get a Climate Risk Certificate?

As sustainability and climate risk have been taking center stage in finance, it is a common question to ask if you should go down that path. A subscriber asked about GARP's SCR which stands for Sustainability and Climate Risk. It is a certification. The sad truth is yes, you can build a career in this area of risk. I say sad because there is not a lot of reliable data available from the leading experts in climate sciences. But some how banks and business people are going to try and do better with less expertise and data. I've sat in on a few calls and listened to the discussions which are pure opinions and people asking themselves "how do I sound more environmental?"

The certificate will help build a career because banks are investing time and money into this area and besides actual scientists, there is no actual education for business people or banks.

Website:

Support:

Quant t-shirts, mugs, and hoodies:

Connect with me:

[polo_d_g]

THANK YOU. Broadly agree with you. The former head of sustainable investing at Blackrock, Tariq Fancy, has come out against ESG investing, saying that ESG is a legislative issue, not an investment/fiduciary issue. If it were legal to take the Sinaloa drug cartel public in an IPO, a Wall Street bank would have already done it. But it's not. That's what laws are for. The climate crisis will only be solved through legislative action and public policy, not investing. And I like the comparison of ESG to crypto.

[unbreakable]

You finance bros really need to open a science book, you play with math to try to predict the unpredictable, and enjoy your pseudo wolf of wallstreet life, yet you say " Yes the planet is warming however there is little to no evidence it is from humans. Historical core samples show the temperatures were much higher in the past". I don't know you, but I can guarantee you're a business major, 100%

[Ma]

Which MFE program is better for quant trading or research roles later on. UCB, CMU or any other? You last video of MFE is years ago please make new one.

[lukep]

I respect you a lot for keeping it real Dimitri

[tanumoyhazra]

But Dimitri Climate risk have Large impact on Credit Risk and Market Risk, then ? how can you say Climate Risk and ESG Risks are just Gimmick ?

[marcusmarcula]

Wow I didn't even know this existed

[shanayiamunoz]

By dismissing climate risk and ESG, are you not also dismissing climate change as a whole? I don’t know your stance on that but if you know climate change is real than is it not wise to get ahead of it as a business and identify and mitigate the potential/ actual risks, caused by climate change or the transition to a net zero economy, that ultimately lead to financial risk? I do think some companies greenwash and use it to look good rather than actually be good. But there have been real success stories and the more it’s implemented and pressured from stakeholders the more real it becomes.