What We Learned About Climate and Nature Risk in 2024

Hear from Jo Paisley and Maxine Nelson of the GARP Risk Institute as they look back on key learnings from the latest season of the Climate Risk Podcast.

As we head into 2025, the GARP Climate Risk Podcast kicks off the new year with a retrospective on the past 12 months, reviewing the key themes and insights that emerged during 2024. 

From soil scientists to policymakers, financial experts to climate modelers, we’ve welcomed a diverse range of guests to share their expertise. This episode revisits some of the key learnings from these conversations and highlights the invaluable advice our guests have shared with risk professionals as we navigate the path to a net-zero and nature-positive future.

Today’s episode will delve into:

• Why we need to think about climate and nature together
• What we learned about the transition to net zero
• The potential global temperature increases we face
• The modelling underpinning all these insights

To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr 

For more information on climate risk, visit GARP’s Global Sustainability and Climate Risk Resource Centre: https://www.garp.org/sustainability-climate

If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com

 

Speaker’s Bio(s)

Jo Paisley is President of the GARP Risk Institute, the thought leadership arm of GARP. Set up in early 2018, the Institute works across all risk disciplines, with Jo’s focus to date on climate risk management and scenario analysis, stress testing and operational resilience. Her career began at the Bank of England where she worked in a variety of roles across macroeconomics, statistics, supervision and risk. Her last role was as a Director of the Supervisory Risk Specialists Division within the Prudential Regulation Authority, where she was heavily involved in the design and execution of the UK’s first concurrent stress test in 2014. She left the Bank in 2015 and joined HSBC as their Global Head of Stress Testing. She has also worked as an independent stress testing consultant, advising firms on how to get the most value out of stress testing.

Dr. Maxine Nelson is a Senior Vice President at the GARP Risk Institute, GARP’s research and thought leadership arm, where she focusses on climate financial risk management.  She has extensive experience in risk, capital and regulation gained from a wide-ranging variety of roles, including Global Head of Wholesale Risk Analytics and Head of Capital Planning at HSBC, significantly expanding counterparty credit risk management at the UK Financial Services Authority during the last financial crisis, leading the credit risk team at KPMG London, senior credit risk consultant at Oliver Wyman, and embedding operational risk analytics globally at National Australia Bank. Maxine has a degree in mechanical engineering and a PhD characterizing how best to apply probability theory to real world problems.