Strategic Risk Solutions Europe (SRS Europe) has launched its carbon emission risk programme, which will run in conjunction with Kenneth Miger, director of Carbon Risk Solutions (CRS).
CRS, which was established in 2015 to identify how risk management techniques can support corporate commitments to becoming carbon neutral, developed a risk identification methodology in 2016 that included the use of captives.
The methodology was a response to a comprehensive analysis undertaken by CRS on the impact an unforeseen increase consolidated carbon emissions might have on a multinational’s ambitions to become carbon neutral.
The new programme will involve a series workshops helping sustainability directors and risk managers to identify, manage and finance the carbon emission risks their firms face in the transition to the low carbon economy.
Miger commented: “By educating and equipping sustainability and risk management departments with the necessary methodology and tools we are confident challenges can be overcome.”
Stuart King, president of SRS Europe, said: “With our strong network of industry partners and independent global captive management capabilities, we are pleased to partner with Carbon Risk Solutions to bring this programme to market and enhance the options available to finance carbon risk.”
He added: “We see an opportunity to develop these programmes within captives and cells, while the commercial market develops and becomes more comfortable with this emerging risk.”
