The Working Paper “Carbon Risk” by Maximilian Görgen, Andrea Jacob, Martin Nerlinger, Ryan Riordan, Martin Rohleder and Marco Wilkens was accepted for presentation at the 2019 FMA European Conference in Glasgow, Scotland (12. June – 14. June 2019).
The CARIMA concept was presented in Brussels on 28.11.2018 at the invitation of the Directorate-General for Financial Stability, Financial Services and Capital Market Union. We would like to thank you again for the active participation of the numerous participants in our presentation and the opportunity to present our concept.
On November 22, 2018, an expert conference on climate risk tools was held in Frankfurt. The climate risk scanner of Ecofys, GCF, and Triple A Risk Finance, PACTA of the 2° Investing Initiative, ClimateXellence of the CO Firm, the Value at Risk of Carbon Delta, ISS Oekom, and the CARIMA concept were presented and their methods were compared to each other in an open discussion.
On 23/10/2018 the second workshop of the CARIMA project took place in Frankfurt. The concept of the project was presented and critically discussed to the asset managers as a holistic approach and numerous possible applications for determining the carbon risk of shares, funds, bonds as well as at country and sector level were discussed. Extensive application possibilities of the carbon risk factor in various areas such as hedging, stress testing, factor investing, best-in-class approaches or reporting were also reflected in detail.
We would like to thank the participants again for the interesting, critical and open discussion as well as for the numerous contributions to the improvement of the CARIMA concept and its applications.
On 10/04/2018 the first workshop of the CARIMA project took place in Frankfurt. The concept of the project was presented in its wholety to the Sustainable Finance experts present and critically discussed as well as the key aspects of evaluation of ESG databases and data selection, data scoring, portfolio and factor construction and numerous applications of the CARIMA concept in science and practice were reflected in detail.
At this point we would like to thank the participants once again for the interesting, critical and open discussion and for the numerous contributions to the improvement of the CARIMA concept.