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Due to high demand, we are working to make each chapter accessible to the relevant participants. In this particular chapter, we will be featuring an expert for the session. Chapter 9: Climate and Nature Risk Assessment | Exam weightage: 4-6 questions This chapter examines the latest methodologies, frameworks, and organizations driving climate risk assessment, as well as nature and biodiversity risks. The chapter begins with a contextualization of climate risk assessments at the international, national, and regional levels, with a particular emphasis on new ISSB IFRS S1 and S2 reporting guidance. It also reviews climate risk tools and differentiates physical and transition risk assessment steps. The specific Learning Objectives for this chapter are as follows: • Differentiate between climate risk measurement and assessment, and how these processes are crucial to effective climate risk management. • Know the major international and regional protocols for climate risk and their requirements or recommendations across industry. • Discuss the IFRS S1 and S2 standards and their context in the wider ecosystem of reporting frameworks. Compare the differences between the TCFD and ISSB standards. • Know the different types of data sets and tools available for climate risk assessment. • Understand ISSB and TCFD recommendations for scenario analysis. • Demonstrate the ability to walk your organization through a physical and transition climate risk assessment. • Identify similarities, differences, and interdependencies among climate and nature risks. • Know the key components and steps of the TNFD and LEAP framework. • Understand the impacts and opportunities nature risk presents for companies and financing. • Outline the challenges in financing biodiversity and ecosystem projects. • Understand the drivers of water risk. etc.