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What is the GARP Sustainability and Climate Risk (SCR) Certification?

Updated: Aug 11, 2023

The global climate is changing, and the impacts of this change are becoming increasingly apparent. As a result, it is imperative that professionals in various industries understand the risks associated with climate change and have the tools and knowledge to effectively manage these risks. This is where the Global Association of Risk Professionals (GARP) Sustainability and Climate Risk (SCR) certification comes in.

The SCR certification is a globally recognized program that provides professionals with a comprehensive understanding of the impact of climate change on organizations and how to manage the associated risks. Launched in 2020, the SCR course has already gained traction with candidates from over 60 countries and from a wide range of industries, reflecting the relevance of climate change risks across geographies and career levels.

The SCR certification is suitable for professionals from various disciplines, including finance, supply chain management, operations, and technology, who are looking to add climate risk management to their skill set. Whether you are early in your career or more senior, the SCR certification provides a valuable differentiator in the job market.

The SCR exam is a one-part computer-based test consisting of 80 multiple-choice questions, and it is designed to be accessible to a wide audience. As of January 2023 the exam will covers eight mains modules :

  1. Foundation of Climate Change : What is Climate Change ?

  2. Sustainability

  3. Climate Change Risk

  4. Sustainability and Climate Policy, Culture, and Governance

  5. Green and Sustainable Finance : Markets and Instruments

  6. Climate Risk Meansurement and Management

  7. Climate Models and Scenario Analysis

  8. Net Zero

Candidates who pass the exam will receive a digital badge for LinkedIn and an electronic certificate from GARP.

In terms of time and cost, the SCR certification is a cost-effective investment for risk professionals who want to upgrade their skillset with climate risk management credentials. The recommended study hours for the SCR exam are around 100 hours, and the exam fees vary based on GARP membership status and time of registration.

By earning the SCR certification, you will be able to apply principles of sustainability and climate risk management in your current and future roles, improve your career prospects and increase your competitive advantage, and demonstrate your knowledge and tools necessary to assess and manage the sustainability and climate risk challenges that many industries face. The SCR certification can also pave the way for further finance designations, such as FRM, CFA, or CAIA.

In conclusion, the SCR certification is a must-have for professionals looking to stay ahead of the curve in the rapidly changing landscape of climate risk management. With a focus on climate change and its impacts on organizations, the SCR certification provides a comprehensive and practical approach to managing climate risks. Futuregreenworld's Qbank and practice exams were made to make it easier for candidate to absorbe the knowledge through repetition learning so don't miss this opportunity to enhance your skills and take your career to the next level!

Do not forget to check the latest news about the ESG and Sustainability.

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