The insights of Sandy Trust, a distinguished actuary in the UK who sits on the council of of the IFOA underscore the interconnectedness of government policy, corporate responsibility, and societal beliefs in addressing environmental challenges. By advocating for proactive policy engagement and a rethinking of economic education, Sandy envisions a path forward for businesses to navigate the complexities of sustainability and avoid potential catastrophes. Business leaders are called to embrace their role in shaping a more sustainable future, leveraging the power of policy, transparency, and education to drive meaningful change.

Key takeaways are:

-The Role of Government Policy in Shaping Sustainable Business Practices

-Balancing Free-Market Capitalism with Regulatory Guardrails

-The Influence of Industries on Public Perception and Policy

-Education in Ecological Economics

Further reading:

2022 - Tipping points with Sir David King (CCAG) – climate change is a risk mgt problem, tipping points change everything

2023 - Emperor’s New Scenarios with Tim Lenton (Exeter) – climate change scenario analysis is understating risk, we need to work backwards from ruin

2024 - Climate Scorpion – the sting is in the tail with Tim Lenton (Exeter) – warming is accelerating, and the climate may be much more sensitive than we think to GHGs

The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and here. Consider subscribing for more thoughts from the 5Cs on Substack.

With our guest Sandy Trust, a distinguished actuary in the UK who sits on the council of of the IFOA based in the UK, we get into the one area nobody wants to look at. The Point of No Return. Sandy provides a comprehensive overview of the risks associated with climate change, emphasizing the importance of understanding temperature thresholds and tipping points. He highlight the interconnectedness of Earth's systems and the urgent need for collective action to mitigate the impacts of climate change before it is too late. This conversation serves as a stark reminder of the precarious state of our planet and the critical choices we face in the coming years.

Key highlights are:

-Understanding the "Point of No Return"

-What is the "Point of No Return"?

-Why is it Important?

-Temperature Thresholds and Their Implications

-The Paris Agreement Goals

-Understanding Temperature Sensitivity

-Implications of Exceeding Temperature Thresholds

-What are Tipping Points?

-Known Tipping Points

-Consequences of Crossing Tipping Points

Further reading:

2022 - Tipping points with Sir David King (CCAG) – climate change is a risk mgt problem, tipping points change everything

2023 - Emperor’s New Scenarios with Tim Lenton (Exeter) – climate change scenario analysis is understating risk, we need to work backwards from ruin

2024 - Climate Scorpion – the sting is in the tail with Tim Lenton (Exeter) – warming is accelerating, and the climate may be much more sensitive than we think to GHGs

The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and here. Consider subscribing for more thoughts from the 5Cs on Substack.

With our guest Sandy Trust, a distinguished actuary in the UK who sits on the council of of the IFOA based in the UK, we continue the conversation about the intersection of climate change and risk management.

In this episode, we cover,

-Understanding Psychological Barriers

-The Role of Imagination in Risk Management

-The Importance of a Holistic View

-Systemic Nature of Risks

-Holistic Perspective in Climate Change

-Conservative Nature of Risk Management vs. Scientific Caution

-Emphasizing Potential Dangers

-Climate Sensitivity and Policy Implications

This episode sheds light on the complexities of risk management in relation to climate change. It emphasizes the need for clear communication, a holistic understanding of systemic risks, and a proactive approach to policy-making. As the world grapples with the realities of climate change, it is imperative that we confront these challenges head-on, utilizing imagination and comprehensive risk assessments to safeguard our future.

Further reading:

2022 - Tipping points with Sir David King (CCAG) – climate change is a risk mgt problem, tipping points change everything

2023 - Emperor’s New Scenarios with Tim Lenton (Exeter) – climate change scenario analysis is understating risk, we need to work backwards from ruin

2024 - Climate Scorpion – the sting is in the tail with Tim Lenton (Exeter) – warming is accelerating, and the climate may be much more sensitive than we think to GHGs

The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and here. Consider subscribing for more thoughts from the 5Cs on Substack.

With our guest Sandy Trust, a distinguished actuary in the UK who sits on the council of of the IFOA based in the UK, we continue the conversation about the intersection of climate change and risk management.

In this episode, we cover,

The Flawed Methodologies in Climate Risk Assessment

-The Problem with Historical Data

-The Danger of Peer-Reviewed Misinterpretations

-Psychological and Communication Barriers

-The Importance of Updated Models

-Historical Context and Lessons Learned

Further reading:

2022 - Tipping points with Sir David King (CCAG) – climate change is a risk mgt problem, tipping points change everything

2023 - Emperor’s New Scenarios with Tim Lenton (Exeter) – climate change scenario analysis is understating risk, we need to work backwards from ruin

2024 - Climate Scorpion – the sting is in the tail with Tim Lenton (Exeter) – warming is accelerating, and the climate may be much more sensitive than we think to GHGs

The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and here. Consider subscribing for more thoughts from the 5Cs on Substack.

With our guest Sandy Trust, a distinguished actuary in the UK who sits on the council of of the IFOA based in the UK, we begin the series with a look under hood at the role of actuaries.

Actuaries are the unsung heroes in the financial world, particularly when it comes to long-term financial commitments like pensions. Their primary responsibility is to ensure that pension schemes can meet their obligations to pay out pensions, which often span several decades. This requires meticulous planning and a deep understanding of various risk factors. We cover the following main areas:

-Key Responsibilities of Actuaries

-The Shift in Risk Distribution Due to Climate Change

-The Importance of Climate Change Risk Assessments

-The Need for Comprehensive Risk Management

This episode underscores the critical role of risk management in pensions and insurance, particularly in the face of climate change. By applying actuarial principles to climate change, organizations can better prepare for the uncertainties of the future and ensure the sustainability of their commitments. This proactive approach is essential not only for the financial stability of pension schemes and insurance companies but also for the broader societal implications of climate change.

Further reading:

2022 - Tipping points with Sir David King (CCAG) – climate change is a risk mgt problem, tipping points change everything

2023 - Emperor’s New Scenarios with Tim Lenton (Exeter) – climate change scenario analysis is understating risk, we need to work backwards from ruin

2024 - Climate Scorpion – the sting is in the tail with Tim Lenton (Exeter) – warming is accelerating, and the climate may be much more sensitive than we think to GHGs

The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and here. Consider subscribing for more thoughts from the 5Cs on Substack.

In this first episode of the third season, host Charlene Norman delves into the emotional struggles such as reticence, frustration, and guilt faced by individuals and small businesses who operate in the green space.

Charlene offers three big ideas with which listeners can better navigate the challenges of maintaining sustainable practices while ensuring financial viability in a capitalist world.

1. Identifying Core Values

• Why It Matters: Your values are your compass. They guide your business decisions and interactions.
• Takeaway: Reflect on your personal beliefs and translate them into your business practices. What’s non-negotiable for you? Integrity? Compassion? Write them down and let them steer your ship.

2. Understanding Your Personal Operating System

• Why It Matters: Self-awareness is your secret weapon. Your unique approach shapes your business model.
• Takeaway: Embrace your personal operating system. Understand your motivations and decision-making processes. Create a business that reflects your values and vision, not just industry norms.

3. incremental Sustainability

• Why It Matters: Sustainability doesn’t have to be all or nothing. Small steps can lead to big changes.
• Takeaway: Focus on specific areas where you can easily integrate sustainable practices. Build your "success muscle" one step at a time.

This episode is packed with practical advice and heartfelt insights to help you balance your commitment to the planet with the need to stay profitable. Whether you're an individual or a small business owner, these tips will help you navigate the complexities of sustainability without feeling overwhelmed.

The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and here. Consider subscribing for more thoughts from the 5Cs on Substack.

Charlene begins the episode with a warm welcome and a heartfelt thank you to all the listeners who have supported the podcast over the past two years and touches briefly on the anniversary partee. The celebration was filled with joy, music, balloons, and noisemakers.

Key Takeaways:

• Listener Engagement: The feedback from listeners has been instrumental in shaping the podcast's direction. Whether it's investing in showcased concepts, appreciating case studies, or struggling to keep up with the weekly episodes, every piece of feedback has been valuable.
• Community Impact: The listeners' role in promoting sustainability and advocating for the planet is crucial. These actions are not only essential but also powerful in combating climate change.

Charlene reveals that the upcoming season will explore several new and exciting topics, including insurance, climate anxiety from a new perspective, and sustainable business practices.

Charlene takes a moment to reflect on the collective actions taken over the past century and the unintended consequences that have arisen.

• Learn from the Past: Understand the historical context of climate change and the unintended consequences of past actions.
• Focus on the Present: Concentrate on making positive changes now, rather than dwelling on past mistakes.
• Align with the Greater Good: Ensure that your actions and decisions benefit not just yourself but also the broader community and the planet.

The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and here. Consider subscribing for more thoughts from the 5Cs on Substack.

Guest Richard Muscat of Radical shares his view of the key points in a solid Degrowth effort:

Reducing Consumption: The core idea of degrowth is to consume less. This means rethinking our lifestyles and making conscious choices that reduce our environmental footprint.

Working Less: By adopting shorter workweeks, individuals can reduce their consumption and have more time to engage in community and family activities.

Fair Distribution of Wealth: Addressing income inequality and ensuring that resources are shared more equitably is crucial for a sustainable future.

And some of the small steps with big impact can be:

1. Adopt a Four-Day Workweek

2. Rethink Consumption Habits

3. Promote Fair Wealth Distribution

4. Focus on Holistic Approaches

5. Confront Exploitative Practices

The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and here. Consider subscribing for more thoughts from the 5Cs on Substack.