Climate Change Enterprise Risk Management: A Practical Guide to Reaching Net Zero Goals
Martin Massey, Kogan Page, 2022

Developing and then executing a resilient climate change enterprise risk strategy is a challenge for companies everywhere. Having a blueprint that can be tailored to any organisation must surely be one of the most useful tools for risk professionals and business leaders today. It is this that Kogan Page’s latest book seeks to achieve.

Martin Massey’s Climate Change Enterprise Risk Management sets out to equip readers with a practical roadmap, offering expert guidance on creating a robust framework that can identify and manage climate threats and opportunities, and increase the visibility of climate risk management activities at board level. He also advises on how and when to implement techniques such as thresholds, mitigation strategies, monitoring capabilities and risk appetite metrics.

Massey, as some readers will know, has worked for some of the leading global insurance and risk consulting firms and has over 30 years of industry experience. The chair of the Institute of Risk Management’s Climate Change Special Interest Group is particularly well placed to tackle one of the most important risk issues of the day, having helped to design and launch the IRM’s climate change training course, and authored the institute’s Climate Change Practitioners' Guide in 2021.

Massey’s latest book covers both existing best practice risk management tools and how they can be adapted for climate enterprise risk management, in addition to introducing helpful new interdisciplinary tools, such as stakeholder mapping.

Supported by global case studies across a variety of industries including the insurance, finance, infrastructure, oil and gas, legal and auditing sectors, this expansive and fully indexed tome features a helpful glossary for practitioners looking to get to the detail in this complex arena.

Further, as Paul Mahon, head of technical development at Cornish Mutual points out in his praise for this impressive publication, Massey has written a book which will not only be welcomed by the risk management community, “but more importantly by their children and grandchildren as we wrestle with the changes required for a net zero future”.

This is a must-read for all practitioners managing climate risk, and one that chief risk officer at R&Q, Susan Young, hails an “insightful, informative and a great one stop shop among a plethora of thought leadership out there on the topic”. Crucially, this book contains practical guidance on how to incorporate climate risk management into existing risk management frameworks, and, equally, how to start from scratch.

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