Sustinere Masterclass
"Climate Risk Assessment and Management"
A training programme focused on climate risk analysis and its impact on organisations both in financial and insurance sector, and in any other sector more exposed to risks.
Three-part training programme combines:
- clear frameworks,
- interactive discussions, and
- practical tools.
Developed from Sustinere’s real projects.
Led by Mariliis Kolk, Sustainability Expert at Sustinere and Keili Oja, Chief Risk Officer at Eesti Loto (Estonian Lottery)
Climate risks are financial risks.
They change asset values, operational continuity, and access to capital.
This Masterclass shows you how to understand and manage those impacts.
What you’ll gain
- A complete understanding of physical and transition risks relevant to your business
- The skills to identify, prioritise, and quantify those risks
- Guidance on credible data sources and assessment frameworks
- A structured approach to integrate climate risk thinking into strategy and finance
- Downloadable templates, checklists, and resources to apply immediately
- All participants who complete the three-session programme will receive a Sustinere Masterclass Certificate.
Programme
Each session blends expert-led insight with participant discussion and real examples from Baltic companies. All participants receive exclusive digital materials to support learning and implementation.
3
Sep 2026
Introduction to Climate Risk Assessment
- Session 1
- Online
- 10:00-12:00 (EET)
Identify the climate risks that matter and build the data foundation to assess them.
More
The first session introduces the core elements of climate-risk assessment and helps participants understand where to begin.
The focus is on:
- identifying relevant physical and transition risks,
- mapping risk drivers across sectors, and
- understanding how climate hazards connect to specific business contexts.
Participants will learn what data is needed for assessment, where to find it, and how to structure the work in a way that supports clear analysis.
The session also covers setting boundaries such as time perspectives, geographic scope, and value-chain dependencies, along with practical guidance on securing internal alignment.
10
Sep 2026
Assessing Climate Risks
- Session 2
- Online
- 10:00-12:00 (EET)
Evaluate your climate risks with structured methods and understand how scenarios shape future exposure.
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The second session focuses on evaluating climate risks using structured methods.
Participants explore:
- vulnerability, sensitivity, and exposure, and
- learn how to move from a broad long list of risks to a focused short list.
The session covers:
- likelihood and impact scoring,
- key parameters that influence each, and
- how to use templates to support consistent assessment.
A key part of the session is an introduction to scenario analysis.
Participants learn how to choose relevant reference scenarios, how future climate conditions shape exposure, and how to apply scenario analysis step by step within a climate-risk assessment.
17
Sep 2026
Managing Climate Risks
- Session 3
- Online
- 10:00-12:00 (EET)
Turn assessment results into practical actions that strengthen resilience and guide strategic decisions.
More
The final session focuses on turning assessment results into practical risk-management actions.
Participants learn the core principles of:
- climate-risk management,
- including how to identify and prioritise adaptation and mitigation measures, and
- how to think about resilience in a long-term, strategic way.
The session also covers stress testing and the role of metrics and targets in steering progress.
The goal is to give participants a clear understanding of how climate-risk insights feed into broader business and risk-management processes, enabling more confident and informed decisions.
Who should join
Relevant sectors
- Financial institutions and insurance companies
- Energy and utilities
- Construction and real estate
- Infrastructure
- Industrial production and manufacturing (food, timber, textile, construction materials etc)
- Transport and logistics
- Agriculture
- Public sector and municipality
Ideal participants
- Sustainability, risk, and finance professionals involved in planning, assessment, or reporting
- Executives and decision-makers seeking to align business strategy with long-term climate resilience
Pricing and access
Prices exclude VAT. After registration, you’ll receive an invoice. Access links are shared three days before each session.
Early bird
- 5 places left
€490
plus VAT
Be among the first to join. Available for a limited number of participants.
Standard access
€590
plus VAT
Full access to all sessions and materials.
Sustinere client
€440
plus VAT
A thank-you rate for our clients.
Available to organisations that have worked with Sustinere before.
A highly practical format with an open, supportive environment where participants can freely raise company-specific questions and learn from real-life challenges shared by others.
- Three live online sessions
- Downloadable tools and templates
- 1 hour personal consultation
Our Money‑Back Guarantee
Complete the full training, and if you feel it didn’t deliver real, practical value for you, we’ll refund your entire participation fee.
Meet the experts
The course is conducted by Sustinere experts who work with companies and other organizations on a daily basis to practically integrate sustainability into strategies and reports.
Mariliis Kolk
Sustainability Strategy and Reporting Lead
Mariliis is a sustainability advisor at Sustinere – an expert who helps companies develop a systematic approach to managing environmental and social impacts and risks.
She has supported many listed and large companies and SMEs in setting sustainability goals, creating action plans, determining metrics and ensuring transparency through reporting.
In this context, she has led numerous management discussions, conducted trainings for specialists and senior managers in the field.
Her customers include Apranga Group, Tallink Group, Vinted, Ekspress Group (incl. Delfi), Utilitas, Tallinn City Transport, North Estonian Medical Center, Estonitan State Real Estate, Tallinn Water, Hansa Group, Hepsor, Pro Kapital Group.
Expertise and approach
Education: MSc, Environmental Governance and Adaptation to Climate Change, programme by University of Tartu and Estonian University of Life Sciences
The latest self-education course taken: Trainers Development Program with a focus on sustainability training, 2025 - a course that gave her useful tools for building and delivering training in an attractive and effective way
Her major customers are in retail, energy & utilities, transportation, and real estate industries
Recent experiences
• Assessments of material impacts, risks, and opportunities as the basis for business strategy and reporting.
• CSRD-aligned and audit-proof reporting advisory for listed and other large firms.
• Sustainability strategy and roadmap developments and voluntary reporting.
• Leading Sustinere`s annual Sustainability Management and Reporting study - analysis of 200+ largest Baltic companies.
Keili joins the Masterclass primarily in Session 3, focusing on how climate-risk insights can be translated into effective risk management and strategic decision-making.
Keili Oja
Risk Management Expert
Keili supports companies in embedding climate-risk assessment into broader risk management models. Her work focuses on ensuring that climate risks are comparable with other business risks and can be addressed through established governance, controls, and decision-making processes.
Within the Masterclass, Keili contributes a risk management perspective, helping participants understand how climate risks can be positioned alongside financial, operational, and strategic risks.
Expertise and approach
Keili brings extensive experience from the financial sector, having served as Head of Risk Management at SEB Lithuania and Head of AML at SEB Estonia. Combined with her work in sustainability, this allows her to bridge traditional risk management and emerging climate-related risks in a practical and credible way.
Her approach helps organisations move beyond standalone assessments and integrate climate risks into existing risk frameworks, supporting consistent prioritisation and long-term resilience.
Recent focus areas
• Financial materiality analysis
• Integration of sustainability and climate risks into enterprise risk management
• Aligning climate-risk insights with business resilience and governance structures
Register for Sustinere Masterclass: "Climate Risk Assessment and Management"
Participation in this exclusive online Masterclass is open to companies and professionals.
Simply complete the registration form. We’ll take care of the rest.
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Want this training delivered in-house?
We can tailor a Climate Risks Masterclass for your organisation based on your needs.
Email [email protected].