By Maitane Sardon

Standard Chartered PLC said Thursday that it has partnered with the U.K.'s Imperial College London to develop solutions for climate risk management, as part of its goal to translate academic science into solutions to help businesses manage the risks poised by global temperature rises.

The Asian-focused bank said the four-year program will utilize the capabilities of Imperial's center for climate finance and investment to embed climate risks and opportunities into financial decision-making. The center aims to help investors and policymakers gain insight into the risks and opportunities of the transition to clean energy, energy efficiency and low-carbon technologies.

The bank said the partnership also aims to help decision-markers learn about how new governmental policies will impact global trade, how organizations can build financial resilience to risks such as flooding and how energy companies can navigate a zero-carbon transition.

Imperial will also provide education and training at the boardroom level throughout Standard Chartered, it said.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

February 13, 2020 03:57 ET (08:57 GMT)

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