Tanya Fiedler

Business risk and the emergence of climate analytics

Publisher: Springer Science and Business Media LLC

Date: 02-2021

DOI: 10.1038/S41558-020-00984-6

Seduction as control: Gamification at Foursquare

Publisher: Elsevier BV

Date: 11-2021

DOI: 10.1016/J.MAR.2021.100765

Acute climate risks in the financial system: examining the utility of climate model projections

Publisher: IOP Publishing

Date: 18-08-2022

DOI: 10.1088/2752-5295/AC856F

Abstract: Efforts to assess risks to the financial system associated with climate change are growing. These commonly combine the use of integrated assessment models to obtain possible changes in global mean temperature (GMT) and then use coupled climate models to map those changes onto finer spatial scales to estimate changes in other variables. Other methods use data mined from ‘ensembles of opportunity’ such as the Coupled Model Intercomparison Project (CMIP). Several challenges with current approaches have been identified. Here, we focus on demonstrating the issues inherent in applying global ‘top-down’ climate scenarios to explore financial risks at geographical scales of relevance to financial institutions (e.g. city-scale). We use data mined from the CMIP to determine the degree to which estimates of GMT can be used to estimate changes in the annual extremes of temperature and rainfall, two compound events (heatwaves and drought, and extreme rain and strong winds), and whether the emission scenario provides insights into the change in the 20, 50 and 100 year return values for temperature and rainfall. We show that GMT provides little insight on how acute risks likely material to the financial sector (‘material extremes’) will change at a city-scale. We conclude that ‘top-down’ approaches are likely to be flawed when applied at a granular scale, and that there are risks in employing the approaches used by, for ex le, the Network of Central Banks and Supervisors for Greening the Financial System. Most fundamental, uncertainty associated with projections of future climate extremes must be propagated through to estimating risk. We strongly encourage a review of existing top-down approaches before they develop into de facto standards and note that existing approaches that use a ‘bottom-up’ strategy (e.g. catastrophe modelling and storylines) are more likely to enable a robust assessment of material risk.

Engaging with matters that matter: a cross-cultural journey into the financialization of climate change effects

Publisher: Emerald

Date: 20-10-2022

DOI: 10.1108/QRAM-01-2022-0002

Abstract: The purpose of this paper is to develop a concept of engaged research that promotes research on matters that matter. Engaged research comes to the fore at the margins of accounting where issues are often ill-structured and less well studied. This study empirically illustrates how the principles of engaged research are embodied in practice at the borders of accounting. The authors first consider engaged research conceptually, by articulating the philosophical principles upon which such research is grounded. This study argues that engaged research comes to the fore in settings where accounting practices are emergent and uncertainty high. The authors illustrate the “doing” of engaged research by exploring accounting for the financial effects of climate change. The authors conclude by highlighting the integrated form and purpose of engagement and by making suggestions for engaged research of the future. Engaged research is characterised by an ontology of becoming, an epistemology of cross-cultural travel and a methodology of co-production. It is enacted through multilingualism, a reflexive dialogue that enables self-others to travel into and experience alternative worlds, as well as through the mediation of knowledge and associated artefacts. Its intent is to promote dialogue and knowledge sharing. This study argues and shows how engaged research is an active entanglement of metatheory, theory, artefacts and the lives of self and others. This paper reflects on engaged research at the margins of accounting, as well as on how such research is a “becoming”, sociomaterial, co-produced entanglement.

King's College London

Location: United Kingdom of Great Britain and Northern Ireland

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University Of Sydney

Location: Australia

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University Of New South Wales

Location: Australia

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Discovery Projects - Grant ID: DP230101280

Start Date: 04-2024

End Date: 04-2027

Amount: $490,635.00

Funder: Australian Research Council