Nordal has a B Sc. and M Sc. in economics and statistics from the Middle East Technical University and a licentiate in applied social economics and macroeconomics from Norwegian School of Economics (NHH).

Her areas of expertise are strategic planning, internal control and risk management, and is a certified accredited risk manager (Risk Manager).

She also has extensive management experience from finance/banking. At PWC, risk management and internal control were also a central area of ​​work. In recent years, she has held leadership positions as head of the Norwegian National Register and as CFO at Manpower Norway and has been responsible for strategic planning and risk management at Oslo Community. Nordal is also a senior lecturer NHH University and Bergen School of Engineering, and Norwegian Business School, BI

Ayse Nordal is a member of the scientific committee for IMCSM 22 (International May Conference on Strategic Management) at the University of Belgrade, Technical Faculty in Bor and the national committee for the new international ISO standard SN/K 568 Health Management.

CAN WE ASSESS CLIMATE RISKS BY USING THE TRADITIONAL RISK ASSESSMENT TECHNIQUES?

Climate risks, which include threats and opportunities, have some similarities with the other risks faced by an enterprise. However, these risks have several material differences due to their unique features. This paper aims to discuss these unique features and questions the relevance of traditional risk assessment techniques for analyzing climate risks.

The paper concludes that risk managers cannot fully assess all aspects of climate risks if they rely solely on traditional techniques. They need to integrate and utilize new methods such as impact chains, screening matrices, and materiality matrices to effectively identify and evaluate climate risks.

Keywords: climate risk, transitional risk, physical risk, climate risk factors, context analysis, double materiality, ISO 31000:2018, ISO 31010:2019, ISO 14091:2021