The Provocateurs Episode 45 | Spencer Glendon: What’s Not in the Model

What happens when the biggest risk to business isn’t in the model? Most financial models have a silent assumption buried at their core: that the climate will stay stable. Spencer Glendon spent nearly two decades in investment research identifying what others missed. His search for hidden assumptions led him to discover that climate stability underpins virtually every business model, yet most leaders still treat climate as a specialist issue rather than a core strategic concern. In conversation with Des Dearlove and Steve Goldbach, Spencer explores: • why climate belongs in the boardroom, not in a box • why markets have been so slow to price climate risk • how to turn abstract climate science into practical decisions As the founder of Probable Futures, Spencer translates complex climate models into accessible tools, helping leaders understand probable future, rather than distant challenges or apocalyptic scenarios. --- This podcast is part of an ongoing series of interviews with executives. The executives’ participation in this podcast are solely for educational purposes based on their knowledge of the subject and the views expressed by them are solely their own. This podcast should not be deemed or construed to be for the purpose of soliciting business for any of the companies mentioned, nor does Deloitte advocate or endorse the services or products provided by these companies.