Research Incubator Labs: Enhancing Postgraduate Students’ Research Skills and Capacity

Climate change severe impacts on economies, organisations and society highlight the need to build climate resilience and respond to its emerging risks. Although risk managers are responsible for identifying and assessing climate-related risks, they may also struggle to determine how to effectively respond to and/or adapt (to) new(er) regulatory and stakeholder demands, given the complexity of accounting for climate resilience (AICPA & CIMA, 2023). Little consensus exists regarding which metrics, tools and techniques should be used to enhance climate resilience, despite the high number of climate-related initiatives, such as the Sustainable Development Goals (SDG) 13, EU Next Generation Fund and Task Force on Climate-Related Financial Disclosures (TCFD). Through an explorative study in the UK, thus, this research project aims to shed light on how risk managers are building climate resilience and dealing with its emerging risks to design a Climate Resilience Toolkit to help finance functions and companies visualize climate-related risks. This study will enable professionals and firms to manage climate resilience threats and opportunities more effectively, share best practices, and enhance organisation’s climate resilience, while demonstrating challenges and changes posed to the role and focus of risk management and other finance functions due to climate resilience imperatives.