The insights of Sandy Trust, a distinguished actuary in the UK who sits on the council of of the IFOA underscore the interconnectedness of government policy, corporate responsibility, and societal beliefs in addressing environmental challenges. By advocating for proactive policy engagement and a rethinking of economic education, Sandy envisions a path forward for businesses to navigate the complexities of sustainability and avoid potential catastrophes. Business leaders are called to embrace their role in shaping a more sustainable future, leveraging the power of policy, transparency, and education to drive meaningful change.

Key takeaways are:

-The Role of Government Policy in Shaping Sustainable Business Practices

-Balancing Free-Market Capitalism with Regulatory Guardrails

-The Influence of Industries on Public Perception and Policy

-Education in Ecological Economics

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.

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 get into the one area nobody wants to look at. The Point of No Return. Sandy provides a comprehensive overview of the risks associated with climate change, emphasizing the importance of understanding temperature thresholds and tipping points. He highlight the interconnectedness of Earth's systems and the urgent need for collective action to mitigate the impacts of climate change before it is too late. This conversation serves as a stark reminder of the precarious state of our planet and the critical choices we face in the coming years.

Key highlights are:

-Understanding the "Point of No Return"

-What is the "Point of No Return"?

-Why is it Important?

-Temperature Thresholds and Their Implications

-The Paris Agreement Goals

-Understanding Temperature Sensitivity

-Implications of Exceeding Temperature Thresholds

-What are Tipping Points?

-Known Tipping Points

-Consequences of Crossing Tipping Points

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.

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.