According to the TCFD, climate-related risks are categorised into two main types: physical and transition risks. Physical risks are direct threats posed by climate change, including acute (extreme weather events) and chronic (long-term shifts in climate patterns) risks, potentially causing asset damage, supply chain disruptions and other issues. Transition risks are associated with the shift to a low-carbon economy, including policy, technological and market changes, which can lead to financial and operational challenges for organisations.
Mauro Tortone
View posts by Mauro TortoneMauro leads P27's Strategy & Finance practice, with expertise in strategic change, financial markets and sustainability. He is a Chartered Member of the CISI, where he works as an external specialist, and sat on its Corporate Finance Forum Committee. He worked with UBS and other firms and authors the CISI Applied Wealth Management workbook. Mauro holds the CISI Investment Advice Diploma (IAD) and is an alumnus of LBS (Investment Management Programme) and Henley (MBA).