With our guest Sandy Trust, a distinguished actuary in the UK who sits on the council of of the IFOA based in the UK, we continue the conversation about the intersection of climate change and risk management.

In this episode, we cover,

-Understanding Psychological Barriers

-The Role of Imagination in Risk Management

-The Importance of a Holistic View

-Systemic Nature of Risks

-Holistic Perspective in Climate Change

-Conservative Nature of Risk Management vs. Scientific Caution

-Emphasizing Potential Dangers

-Climate Sensitivity and Policy Implications

This episode sheds light on the complexities of risk management in relation to climate change. It emphasizes the need for clear communication, a holistic understanding of systemic risks, and a proactive approach to policy-making. As the world grapples with the realities of climate change, it is imperative that we confront these challenges head-on, utilizing imagination and comprehensive risk assessments to safeguard our future.

Further reading:

2022 - Tipping points with Sir David King (CCAG) – climate change is a risk mgt problem, tipping points change everything

2023 - Emperor’s New Scenarios with Tim Lenton (Exeter) – climate change scenario analysis is understating risk, we need to work backwards from ruin

2024 - Climate Scorpion – the sting is in the tail with Tim Lenton (Exeter) – warming is accelerating, and the climate may be much more sensitive than we think to GHGs

The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and here. Consider subscribing for more thoughts from the 5Cs on Substack.