Our publications and case studies

Li, M., & Cummins, D. (2024). Constrain equilibrium climate sensitivity via composite likelihood. Working Paper No. 2024/1. Centre for Climate Risk and Resilience, UTS Business School. University of Technology, Sydney 

The financial risks of climate change are becoming of increasing concern to firms, investors and financial markets. 

This project, funded by the Australian Research Council (ARC) Linkage scheme, is a multi-university collaboration in conjunction with the Australian Accounting Standards Board and the Auditing and Assurance Standards Board.

As part of this project, we investigate how firms should disclose the impact of climate-related risk on financial statements, the contribution of their own activities to climate risk and a best practice set of quantifiable metrics that can be assured by auditors.

The project offers insights into current best-practice evidence. Findings will enable firms to have direction in assessing and reporting the risks of climate change, and it will provide direction to accounting and audit professionals in their efforts to verify and assure financial reports.

An ARC Linkage Project

Our innovative work at the intersection of FinTech (short for ‘financial technology’) and sustainability examines how the best of both worlds can be combined to create sustainability-oriented FinTech lending platforms.

FinTech lending is one of the many areas within FinTech and allows customers to access credit through their computer or smartphone, instead of visiting a bank. 

Lending decisions are facilitated by technology that uses alternative data sources for purposes of screening and monitoring of borrowers.

We investigate how FinTech lending companies can use customers' environmental information to access their creditworthiness, and whether lending decisions based on environmental information can promote pro-environmental behaviour. Project outcomes will provide insights into how the societal transformation towards a low-carbon economy can be supported through technology.

Intersection of financial technology and sustainability

CCRR is helping businesses adapt to the physical and transition risk brought on by climate change.

The Task Force on Climate-Related Financial Disclosures (TCFD) identifies physical risks and transition risks as major risk categories resulting from climate change. 

Physical risks result from slow-onset changes (e.g., sea level rise) as well as acute changes due to the increased frequency and/or severity of weather and climate extremes.

Transition risks include risks resulting from the transition to a low-carbon economy and can include the risk of stranded assets.

Our research focuses on understanding how business can adapt to these changes. We evaluate the location-specific impacts of climate change, costs and benefits of adaptation and assess the adaptation and resilience of companies and industries in various sectors. 

We have undertaken work in various sectors, including the energy and agricultural sectors in Australia.

Adapting businesses to these climate changes