Where Climate Science Meets Financial Decision-Making
Financial institutions are facing a new generation of risks.
Extreme weather events, transition policies, carbon pricing, technological disruption and evolving regulation are changing how investments are analysed, portfolios are managed and businesses create long-term value.
Understanding climate risk has become an essential professional capability—not only for sustainability specialists, but for investment managers, risk professionals, financial analysts and corporate decision-makers.
The EFFAS Certified Climate Risk Analyst® (ECRA) equips professionals with the knowledge and practical frameworks required to:
- identify climate-related risks;
- quantify their financial impact;
- understand global regulatory developments;
- integrate climate considerations into financial strategies;
- support resilient, future-focused decision-making.
The programme combines scientific foundations with practical financial applications, preparing professionals to confidently operate in an increasingly climate-aware financial system.
ECRA at a Glance
Learn how you can reach the global standard in Climate Risk Analysis
Build the analytical framework behind climate-informed financial decisions.
The ECRA programme provides finance professionals with a comprehensive understanding of how climate change affects markets, organisations and investment decisions.
Participants develop expertise across five interconnected disciplines:
- Climate Science & Economics
- Climate Risk Assessment
- Financial Impact Analysis
- Adaptation & Transition Strategies
- Sustainable Finance
Together these disciplines enable professionals to evaluate climate-related risks, identify emerging opportunities and support resilient financial and business decision-making.
Where Climate Science Becomes Financial Strategy
Climate risk is no longer a specialist topic.
It has become a fundamental component of investment analysis, portfolio construction, enterprise risk management and financial supervision.
Today’s financial professionals are expected to understand more than sustainability.
They must assess physical risks, evaluate transition scenarios, interpret emerging regulation, measure financial impacts and support resilient investment decisions.
Developed jointly by EFFAS and Marsh McLennan, and taught by an international faculty of academics, economists, regulators and industry practitioners, ECRA bridges climate science and modern finance.
It prepares professionals not simply to understand climate risk—but to translate it into better financial decisions.
Why ECRA Stands Apart
Financial Decision-Making at its Core
Learn to assess climate risk through the lens of investment analysis, risk management, regulation and corporate strategy—not as a standalone sustainability topic.
Comprehensive Climate Risk Perspective
Develop a practical understanding of climate science, regulation, financial impact assessment, risk modelling, adaptation strategies and sustainable finance within one integrated programme.
Developed with Marsh McLennan
Created in collaboration with one of the world’s leading risk advisory firms, ensuring the programme reflects current market practices and real-world applications.
Designed for Today’s Financial Institutions
Every module reflects the challenges facing investment firms, banks, insurers, asset managers, regulators and corporate organisations navigating climate-related financial risks.
Global Faculty
Learn from internationally recognised experts from:
- Marsh McLennan, Oliver Wyman, Mercer, DWS, Swisscanto
- London School of Economics, Oxford, University of Bologna, University of Hamburg
and many other leading institutions.
International Professional Recognition
Earn an EFFAS certification recognised by financial institutions and join a growing international community of professionals advancing climate-informed financial decision-making.
What You Will Be Able to Do
Climate risk is becoming one of the defining competencies of modern finance.
ECRA equips professionals with the knowledge, confidence and internationally recognised certification required to lead that transformation.
Assess Financial Impact
Identify, quantify and communicate physical and transition risks.
Support Strategic Decisions
Integrate climate considerations into investment processes, enterprise risk management and corporate strategy.
Ready to shape the future of climate-aware finance?
Become an EFFAS Certified Climate Risk Analyst®.
