Sustainability and Climate Risk Certification (SCR®) Training Program (Synchronous e-learning)
14 September 2024 to 10 October 2024
Course Description
Climate risk and Sustainability are fast gaining importance in today’s financial world because of the global agenda on climate change and efforts to reduce Greenhouse gas (GHG) emissions internationally. These follows the Paris agreement on climate change in 2015 and the alliances formed at COP26 @Glasgow more recently. Indeed, climate risk is an emerging ‘new’ risk class in financial institutions because of indirect dire impact from transition risk and physical risks. Importantly regulators (such as the Monetary Authority of Singapore (MAS)) are drafting the standards and reporting requirements for this new emerging risk class to be measured, controlled, and disclosed. In terms of global banking regulations, climate risk is fast making its way into industry-wide stress tests, accounting standards, and potentially Basel capital.
The Risk Management Institute (RMI)’s Sustainability and Climate Risk (SCR®) exam preparation course is designed to align with Global Association of Risk Professionals' (GARP) SCR certification objectives and examination structure.
There are following 8 chapters in the latest (2023) SCR certificate covering aspects of sustainability and climate risk management. This RMI training program is composed of 7 sessions of 3 hours each. There will be a quiz at the end of the course which mirrors the format, coverage and standards of the actual SCR exam syllabus.
Chapter 1: Foundations of Climate Change: What Is Climate Change
Chapter 2: Sustainability
Chapter 3: Climate Change Risk
Chapter 4: Sustainability and Climate Policy, Culture, and Governance
Chapter 5: Green and Sustainable Finance: Markets and Instruments
Chapter 6: Climate Risk Measurement and Management
Chapter 7: Climate Models and Scenario Analysis
Chapter 8: Net Zero
Chapter 9: Nature and Climate Risk
Chapter 10: Transition Planning and Carbon Reporting
What Is the SCR Certificate?
The SCR Certificate is an entry into a fast-growing community driving the future of climate risk management. From entry-level to executive, across industries such as banking, fintech, hospitality, fashion, and more, SCR Certificate holders are leading their companies with solutions to today's top issues in climate change and sustainability.
Professionals who complete their SCR Certificate will:
- Develop strategies for improving climate risk mitigation efforts
- Learn how to tackle today’s physical and transition risks
- Get a real-world look at climate change’s economic impact
- Lead firms to invest sustainably and create meaningful change
For more info, visit https://www.garp.org/scr
Course Objectives
- The course will equip students to take the SCR exam certified by GARP. A certified student is expected to have a broad knowledge of sustainability and climate risk.
- This knowledge will allow the student to gain entry employment into areas such as green finance, Environmental-Social-Governance (ESG) indexing, sustainability consulting, governmental /non-governmental advocacy, financial institution's climate risk management, sustainability reporting & governance, carbon credit markets, etc.
- The subject will be extremely relevant and timely as the financial industry, listed companies & regulators are embracing climate change and the green agenda rapidly, driven by regulatory requirements. We expect a sharp increase in green workforce and a competency gap and increased need for these emerging skills set. This knowledge base is multi-disciplinary-- combining science, finance, and advocacy-- will certainly be in high demand.
Minimum Entry Requirements
There are no work experience or prior qualifications required to sit for the SCR exam. Hence, this will be the same to take this preparation course. However, course participants are generally expected to have general proficiency in the English language, and a basic degree/diploma (in any subject) at the university/college/polytechnic level.
Program Date and Learning Format
14 September 2024 Saturday, 9-12pm and 1:30-4:30pm
21 September 2024 Saturday, 9-12pm and 1:30-4:30pm
28 September 2024 Saturday, 9-12pm and 1:30-4:30pm
5 October 2024 Saturday, 9-12pm
10 October Thursday, 7- 8pm (1 hour online exam)
There will be a mini exam at the end of the program. However, passing the RMI exam would not guarantee that candidates could pass the Global Association of Risk Professionals' (GARP) SCR certification exam nor would it provide the candidate with the Sustainability and Climate Risk (SCR) Certificate. The GARP certification exam is not part of this course and exam fees are excluded.
Participants must fulfill the required attendance and assessment components to be eligible for the SSG fundings.
SSG Funding (S$, subject to prevailing GST)
This program is eligible for SkillsFuture Singapore (SSG) funding claims subject to all eligibility criteria being met. (GST listed at 9%)
Sustainability and Climate Risk Certification Training Program (Synchronous e-learning)
| Funding Type | Full Programme Fee | SSG Grant Amount | Nett Programme Fee | GST On Nett Programme Fee | Total Nett Programme Fee | Less Additional Funding | Total Nett Fee Payable |
| Enhanced Training Support for SMEs | 3300 | 2310 | 990 | 89.10 | 1079.10 | 660 | 419.10 |
| Singapore Citizens - 40 years old or older (MCES) | 3300 | 2310 | 990 | 89.10 | 1079.10 | 660 | 419.10 |
| Singapore Citizens - 39 years old or younger | 3300 | 2310 | 990 | 89.10 | 1079.10 | 0 | 1079.10 |
| Singapore PRs | 3300 | 2310 | 990 | 89.10 | 1079.10 | 0 | 1079.10 |
| International Participants | 3300 | 0 | 3300 | 297 | 3597 | 0 | 3597 |
1All self-sponsored Singaporeans aged 25 and above can use their SkillsFuture Credit to pay for the program. Click here to view the program (Course Reference Number: TGS-2023038124).
2Mid-Career Enhanced Subsidy (MCES) - Singapore Citizens aged 40 and above may enjoy subsidies of up to 90% of course fees. MCES subsidy applies if you turn 40 on the year that you take the course, even if the course is completed on or before your birthday. More info.
3Enhanced Training Support for SMEs (ETSS) - SME-sponsored employees (Singaporean Citizens and PRs) may enjoy subsidies up to 90% of the program fee. More info.
4Eligible organisations (excluding government entities) may apply for the absentee payroll funding via SkillsConnect for Singaporean/permanent resident participants attending the program during working hours. The absentee payroll funding is computed at 80% of hourly basic salary capped at $4.50 per hour or $7.50 per hour for SME. More info.
Registration
Click on the FAQs button for the registration guide.
For enquiry, please contact rmitraining@nus.edu.sg
Frequently Asked Questions
Registration
How do I register for the course?
Click here to register.
Note: Please hold payment until further instructions
- Identify your profile. For corporate sponsored staff who will be paying first and claiming later, please also select 'Self-funded'.
2. Click Add to Cart
3. Click Checkout and follow the instructions to submit your particulars / register for an account with NUS Online Application Portal.
What should I do after I have registered?
Once the class is confirmed (i.e. reached its minimum class size and other factors) we will be in touch to confirm the class and payment details.
Funding/Payment
How much is the workshop fee?
Please see below for the general guideline.
Program Fees (subject to prevailing GST)
| International Participants | S$3,300 |
| Singapore Citizens - 39 years old or younger | S$990 |
| Singapore Citizens - 40 years old or older | S$330 |
| Singapore PRs | S$990 |
| Enhanced Training Support for SMEs | S$330 |
Please make payment only after receiving a confirmation email from RMI.
How do I make payment?
We will send you the payment details as soon as the class is confirmed.
Can I utilise my SkillsFuture Credit to offset the remaining fee for this course?
Yes, all self-sponsored Singaporeans aged 25 and above can use their SkillsFuture Credit to pay for the program. Click here to view the programme at Skillsfuture website (Course ID: TGS-2023038124).
Note: Please hold SkillsFuture Credit claims until further instructions.
How do I know if my company is qualified for the Enhanced Training Support for SMEs?
Click here for the complete details.
Document required:
- Detailed ACRA Biz file showing incorporation in Singapore and list of shareholders; and
- CPF Statement (Locals) and SDL Statement (Foreigners) showing the number of employees the company is making contribution for; OR
- Audited Financial Statement (showing their revenue); OR
- Declared Income and Expenditure statement to IRAS for tax purpose
Other Matters
Where is the venue of the class?
The class will be conducted online via Zoom.
I am unable to attend a few lessons, can I view the Zoom recordings?
Recordings will not be available for catch-up purposes. In the event of an unforeseen absence, students may catch up with the lecture notes provided. While makeup sessions will not be provided, we encourage participants to prioritize attendance to maximize your learning experience.
Why do I need to use Singpass to take my attendace?
As part of the Singapore SkillsFuture Funded program, attendance tracking is a mandatory requirement for all SSG funded participants. To streamline this process, SSG has mandated the use of Singpass App for attendance taking.
Is there any requirements?
Yes, all participants will have to reach a minimum 70% attendance for classes to be able to obtain the certificate. Learners must pass all assessment components to be eligible for SSG funding.
For other enquiries, please email rmitraining@nus.edu.sg
Required Disclaimer
GARP does not endorse, promote, review or warrant the accuracy of the products or services offered by NUS Risk Management Institute of GARP Exam related information, nor does it endorse any pass rates that may be claimed by NUS Risk Management Institute. Further, GARP is not responsible for any fees or costs paid by the user to NUS Risk Management Institute nor is GARP responsible for any fees or costs of any person or entity providing any services to NUS Risk Management Institute. SCR®, FRM®, GARP® and Global Association of Risk Professionals™, in standard character and/or stylized form, are trademarks owned by the Global Association of Risk Professionals, Inc.
