-Leading global risk management association partners with innovative company to deliver hands-on climate risk workshop
The Global Association of Risk Professionals (GARP) has partnered with leading climate risk analysis provider, Riskthinking.AI, to offer its members a hands-on climate risk modeling workshop, enhancing GARP's educational offering on climate risks. .
TORONTO, Sept. 19, 2023/PRNewswire/ -- World-renowned risk management association, GARP, has launched a new collaboration with Riskthinking.AI to offer its members a hands-on climate risk modeling workshop, thereby improving GARP's educational offering on climate risks.
GARP is a nonpartisan, nonprofit organization dedicated to elevating the practice of risk management through education, research, and the promotion of best practices on a global scale. GARP sponsors the industry-leading Sustainability and Climate Risk (SCRⓇ) certificate and the Financial Risk Manager (FRMⓇ) professional certification.
Riskthinking.AI is a climate risk data analytics provider committed to helping financial institutions and businesses understand their climate-based financial risk to inform corporate strategy, drive decision-making, and achieve normative compliance.
With growing demand to incorporate climate risk into existing risk management practices, GARP recognized the importance of complementing its offering with the best methodologies and technologies to support real-world applications of climate risk management processes. Jo Paisley, President of the GARP Risk Institute, explains GARP's motivation for seeking collaboration: "We are always striving to ensure that risk managers around the world have the most advanced approaches and tools. We are seeing a demand for more knowledge. deep insights into industry-accepted practices that support climate risk management. After learning more about their unique, forward-thinking stochastic approach and technology, we thought partnering with Riskthinking.AI would give our members access to a suite of cutting-edge, high-quality tools to address this critical area of interest."
The initiative will begin with a hands-on workshop in New York on October 24-25, co-hosted by GARP and Riskthinking.AI. This workshop will offer participants the opportunity to work with Riskthinking.AI's proprietary data sets and technology, including exploring key use cases relevant to risk professionals. Led by Riskthinking.AI Founder and CEO Ron Dembo, among other subject matter experts, the 2-day workshop will be designed to provide participants with the knowledge and ability to begin applying these learnings in their workplace. .
"It has been my life's work to advance the field of risk management and climate-related financial risk. It is an honor to work with GARP to collectively offer hands-on experience with the most advanced climate risk management tools. It is "It's exciting to be able to educate risk professionals on the most advanced methods and tools to help them truly understand the climate risk facing their company or their counterparties and make more informed decisions based on this knowledge." Ron Dembo, Founder and CEO of Riskthinking.AI
For more information about GARP, the SCR Certificate, and the upcoming workshop, visit garp.org.
ABOUT RISKTHINKING.AI
Founded by financial risk pioneer Dr. Ron Dembo, Riskthinking.AI is a leading data and technology company that is reassessing financial risk with the reality of climate change. Its innovative algorithms are used to generate, preserve and maintain a detailed database of physical assets, infrastructure and raw materials that covers more than one hundred thousand public and private companies. This data, combined with Riskthinking.AI's proprietary stochastic and multi-factor climate risk analyses, allows financial institutions, businesses and governments to capture unforeseen effects of climate change that current models miss. Riskthinking.AI operates in North America and Europe and provides services worldwide. For more information, visit www.riskthinking.ai.
CONTACT: Riskthinking.AI, Dr. Ron Dembo, Founder and CEO, 416-294-3144, r.dembo@riskthinking.ai; John White, Director, EMEA, 44 778 0003337, j.white@riskthinking.ai
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