GARP Joins Global Coalition to Enhance Climate Finance Skills
GARP Enters Global Capacity Building Coalition
The Global Association of Risk Professionals (GARP) has officially joined the Global Capacity Building Coalition (GCBC), marking a significant milestone in its efforts to boost climate finance skills across emerging markets. This collaboration, unveiled during COP28, is designed to improve the readiness of professionals in handling climate-related financial challenges while receiving support from influential stakeholders like Bloomberg Philanthropies.
Commitment to Sustainability and Education
Through its involvement in the GCBC, GARP reaffirms its dedication to equipping professionals with the necessary tools to tackle sustainability and climate issues. As the leading body in risk management, GARP focuses on structured education that highlights the financial ramifications of climate change through its renowned Sustainability and Climate Risk (SCR) Certificate.
SCR Certificate Program Insights
The SCR Certificate Program, developed by elite experts in the field, offers crucial skills and insights on topics such as green financing, transition planning, and net-zero initiatives. Graduates of the program are now employed at prestigious institutions, including the Bank of England, Citigroup, and the World Economic Forum, proving the program’s effectiveness in fostering climate-savvy professionals.
Pioneering a Sustainable Finance Future
Richard Apostolik, the president and CEO of GARP, expressed enthusiasm over this partnership, asserting that it expands GARP’s sustainability efforts. He highlights the shared goal of helping professionals worldwide to develop the expertise required to confront climate-related risks and to contribute to enduring financial systems with resilience.
GCBC's Role in Global Sustainability
The objective of GCBC is to amplify global sustainable finance efforts, leveraging GARP’s extensive experience. With its focus on creating a capable workforce to navigate the intricacies of climate risk, GCBC seeks to meet the increasing demand for support from financial entities in emerging markets, thus aligning with the targets set by both the UN and the G20 Sustainable Finance Working Group.
Ongoing Commitment to Risk Management
Jo Paisley, president of GARP Risk Institute, articulated pride in joining GCBC, emphasizing the urgency to educate risk professionals about climate risks. She stated that collaboration will be instrumental in fulfilling both GARP’s and GCBC’s missions, bringing forth a robust foundation for sustainable finance capacity building globally.
About GARP and the GCBC
The Global Association of Risk Professionals is a not-for-profit organization dedicated to advancing risk management practice. GARP offers the renowned Financial Risk Manager (FRM) certification and several other qualifications, aiming to improve the skill set of risk professionals everywhere.
The Global Capacity Building Coalition stands as a pioneering initiative fostering partnerships among top climate finance organizations. By accelerating and scaling capacity building efforts for financial institutions, particularly in developing economies, the Coalition aims to address the overarching challenges posed by climate finance.
Frequently Asked Questions
What is the Global Association of Risk Professionals?
The Global Association of Risk Professionals (GARP) is a non-partisan, not-for-profit organization that focuses on improving the standards and practices of risk management globally.
What is the purpose of the Global Capacity Building Coalition?
The GCBC aims to enhance collaboration and provide support for climate finance capacity building, focusing on emerging markets and developing economies.
How does GARP support climate finance education?
GARP offers structured education programs like the Sustainability and Climate Risk (SCR) Certificate to equip professionals with skills needed to address climate-related financial impacts.
Who benefits from GARP's SCR Certificate Program?
The SCR Certificate Program benefits risk professionals across various sectors, preparing them to manage climate risks effectively in leading institutions worldwide.
How can individuals learn more about GARP's initiatives?
Individuals can explore GARP's initiatives and educate themselves further through their website and educational offerings focused on risk management and sustainability.
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