Green Academy

DEEPEN YOUR KNOWLEDGE ON CLIMATE RISK MANAGEMENT AND TCFD

 

Financial institutions worldwide are faced with increasing risks posed by climate change to their investments and operations, making climate risk management an urgent and rapidly evolving topic. Effective management of climate risks is crucial to avoid financial losses, reputational damage, and regulatory penalties. Financial institutions can also boost investor confidence and contribute to the transition to a more sustainable and resilient economy by taking action in managing and disclosing climate risks. This process can start by building the necessary internal capacities among financial institutions to protect their portfolios, ensure their long-term viability, and meet investor and regulatory expectations vis-à-vis climate risk management.

To address this need, GGF Green Academy, in partnership with the UN Environment Programme Finance Initiative (UNEP FI), has developed a training program on Climate Risk Management and TCFD.
This program is delivered in 2 phases:

Phase 1: awareness-building workshops, and
Phase 2: in-depth online course 

Phase 2 aims to provide both theoretical and practical knowledge about climate risks, and offer tools and approaches for effective climate risk management and reporting, while leveraging opportunities in sustainable finance. The training program is tailored to the sectors and geographies relevant to GGF's partner financial institutions and includes practical exercises and case studies.  

Phase 1: Awareness building workshop on Climate Risk Management and TCFD 

The first phase of the program entailed two awareness building workshops around Climate Risk Management and TCFD. Both workshops were held online and led by David Carlin, Head of Climate Risk and TCFD at UNEP FI covering the risks and opportunities related to Climate Change; the path to a more sustainable & resilient financial system, the role of different market players and international experience, recent developments in climate regulation and an overview of climate stress testing efforts, TCFD recommendations, challenges, and transition plans. The workshops included examples and discussion points tailored to regions where GGF is active. 

The first online workshop took place in November and December 2022 and attended by 30 participants from 8 GGF countries – Albania, Bosnia and Herzegovina, Georgia, Kosovo, Moldova, North Macedonia, Serbia, Turkey. Participants represented 16 different financial institutions. 

The second online workshop was organized in March 2023. The 31 participants from 4 GGF countries – Egypt, Jordan, Lebanon, Morocco represented 8 different financial institutions.  

 

Phase 2: In-depth online course on Climate Risk Management and TCFD 

This is an in-depth and comprehensive training program on climate risk management and TCFD for financial institutions, tailored to the sectors and geographies relevant to GGF. The course will be delivered through online lectures and 5 live webinars for interaction and practical learning.  

TIMING AND COST

The training will take place from 25 September 2023 to 25 November 2023 and will cover 30 hours of instruction. 

The GGF Technical Assistance Facility (TAF) funds 100% of the tuition costs. 

WHO CAN APPLY?

GGF Partners – representatives of commercial banks, leasing companies and microfinance institutions can apply for the online training. Trainees should have sufficient time and resources to dedicate to the training, and their level of English must be adequate to complete all modules and online tests. 

HOW TO APPLY?

More information on the in-depth training as well as the registration link can be found on the programme webpage.

If you have any questions, please feel free to contact us at ggf.ta@finance-in-motion.com.

We are looking forward to receiving your applications! 

Requesting the TA support for capacity building projects 

GGF partner institutions can address the GGF TAF with the request to receive tailored capacity building support. Each TA project will be designed and implemented in close cooperation with the partner institution to ensure that it addresses specific needs, challenges, and priorities of the institution.