Imagining Catastrophe: The Key to Unlocking Climate Resilience

With our guest Sandy Trust, a distinguished actuary in the UK who sits on the council of of the IFOA based in the UK, we continue the conversation about the intersection of climate change and risk management.In this episode, we cover, -Understanding Psychological Barriers-The Role of Imagination in Risk Management-The Importance of a Holistic View-Systemic Nature of Risks-Holistic Perspective in Climate Change-Conservative Nature of Risk Management vs. Scientific Caution-Emphasizing Potential Dangers-Climate Sensitivity and Policy ImplicationsIn SummaryThis episode sheds light on the complexities of risk management in relation to climate change. It emphasizes the need for clear communication, a holistic understanding of systemic risks, and a proactive approach to policy-making. As the world grapples with the realities of climate change, it is imperative that we confront these challenges head-on, utilizing imagination and comprehensive risk assessments to safeguard our future.Further reading:2022 - Tipping points with Sir David King (CCAG) – climate change is a risk mgt problem, tipping points change everything2023 - Emperor’s New Scenarios with Tim Lenton (Exeter) – climate change scenario analysis is understating risk, we need to work backwards from ruin2024 - Climate Scorpion – the sting is in the tail with Tim Lenton (Exeter) – warming is accelerating, and the climate may be much more sensitive than we think to GHGs Ready to benchmark your leadership impact? Take this 5-minute Stewardship Quiz and get a personalized report showing exactly where you rank - plus actionable strategies to elevate your performance.The 5Cs Podcast connects forward-thinking executives who are building sustainable competitive advantages while driving positive impact. Think of it as an exclusive network of leaders who understand that stewardship isn't just good ethics - it's good business.Connect with Charlene Norman on LinkedIn, find her at her website, subscribe to our Substack for strategic insights, or download the full series on Spotify and Apple.