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GARP SCR Exam covers a wide range of topics related to sustainability and climate risk, including carbon pricing, green bonds, climate resilience, climate change scenarios, sustainable investments, and sustainable finance regulations. SCR exam is divided into two levels: Level 1 and Level 2. Level 1 is a foundational exam that provides an introduction to the concepts and principles of sustainability and climate risk. Level 2 is an advanced exam that focuses on the practical application of these concepts in risk assessment, decision-making, and investment management.
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GARP SCR exam is an essential certification for professionals seeking to position themselves as leaders in the area of environmental risk management. This credential demonstrates their proficiency in understanding the impact of climate change on the financial industry, as well as their ability to develop effective strategies to manage these risks, thereby enhancing their career prospects.
The Global Association of Risk Professionals (GARP) is a leading professional association for risk management practitioners, with a strong focus on environmental, social, and governance (ESG) issues. In response to the growing importance of sustainability and climate risk in the financial industry, GARP has developed the SCR (Sustainability and Climate Risk) Certification Exam. SCR exam is designed to help risk professionals enhance their knowledge and skills in managing sustainability and climate risks.
GARP SCR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Climate Risk Management Strategies | 15-20% | - Risk Mitigation and Adaptation - Hedging Strategies - Engagement and Stewardship - Portfolio Construction and Rebalancing |
| Sustainable Finance and Investment | 15-20% | - Impact Investing - Green Finance Instruments - ESG Integration Principles - Sustainable Portfolio Construction - Net Zero Commitments |
| Climate Risk Assessment Methodologies | 20-25% | - Data Requirements and Quality - Scenario Analysis and Stress Testing - Value-at-Risk (VaR) and Climate VaR - Portfolio Climate Risk Exposure - Probability and Impact Assessment |
| Regulatory Landscape and Disclosure | 20-25% | - ISSB Standards - Basel Climate Risk Frameworks - TCFD Framework and Recommendations - ESMA and EU Taxonomy - Regulatory Reporting Requirements - SEC Climate Disclosure Rules |
| Climate Risk Fundamentals | 15-20% | - Climate Risk Concepts and Taxonomy - Climate Change Drivers and Scenarios - Physical Risk vs. Transition Risk - Climate Science Basics |
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