Welcome to the
Scorpion's Tail Club
Mobilizing the financial sector to de-risk the transition to planetary solvency & sustainable profits
What is the Scorpion's Tail Club?
A discreet forum for influential leaders from the banking, insurance, pension, and investment sectors to connect, discuss and act to minimize the risk of climate change-related events at the extreme margins of probability (tail risks).
By-Invite-Only
Curated
Discreet
OUR MISSION is to help ensure "planetary solvency" by catalyzing a change in the conditions for economic growth away from "profits at all costs", and towards "sustainable profits" achieved within global environmental limits.
The Problem: A climate-changed future will present massive risks to all, including the viability of the financial and insurance sectors. This is clearly described in the 2024 "Climate Scorpion" report that raises the alarming specter of planetary insolvency due to a failure by the financial and insurance sectors to address the full consequences of tail risk.
The Need: A growing number of influential leaders from the banking, insurance, pension, and investment sectors want a “safe” place to collectively and frankly discuss and strategize about these pressing challenges without fear of the potential damage to their personal or professional reputations that could come from discussing the “extreme” scenarios in mainstream forums.
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"Climate Scorpion"
The Solution: The Scorpion's Tail Club - the Club - offers an essential forum where financial leaders can gather to engage in discreet and secure discussions about extreme risks and the threat of insolvency, and explore options on how to prepare for the inevitable economic, political, and social shifts in a risk-laden environmental and business landscape. Operating under Chatham House rules, members can candidly evaluate system-changing issues (like these) at the "extreme" edge of mainstream discussions about risk, transition, opportunities, and solvency - and strategize how to address them.
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The Club aims to be the catalyst that makes the recommendations in the Climate Scorpion report actionable in order to remediate the worst consequences of climate change and ultimately create the conditions needed for a transition from a corporate "profits at all costs" mindset, to a mindset and regulatory environment supportive of "sustainable profits", i.e. "planetary solvency".
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Club members who participate stand to benefit by both contributing to de-risking that future for their industries as well as those they serve, while also creating the foundation of a new economic ethos needed for a sustainable future. All without risking personal or business credibility.
INSURANCE
The insurance sector is directly impacted by climate change, with increasing claims from extreme weather events and natural disasters. These "1-in-a-100-year events" are becoming more frequent, threatening the industry's profitability and sustainability. Membership in the Scorpion’s Tail Club allows senior insurance leaders to exchange insights on emerging risks and innovative solutions that may not be acceptable to share with a mainstream audience. By working together in a discreet manner, they can influence policy and regulatory changes that better reflect the gravity of the evolving risk landscape and ensure that the industry that employs them and that’s a cornerstone of our economic system, can continue to provide essential coverage and protection in a changing climate.
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Chief Underwriting Officer (CUO)
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The CUO manages the underwriting process, including risk assessment and pricing. Engaging with the Scorpion’s Tail Club helps them stay informed about emerging climate risks and develop innovative underwriting solutions.
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Chief Executive Officer (CEO)
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The CEO leads the overall strategy and direction of the insurance company. Joining the club enables them to drive the company’s adaptation to climate change, ensuring long-term profitability and market leadership.
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Chief Sustainability Officer (CSO)
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In the insurance sector, the CSO leads initiatives to incorporate sustainability into business practices. Participation in the club would help them stay informed about the latest climate risk trends and regulatory changes, ensuring that the company remains proactive and resilient in the face of increasing climate-related claims.
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4 reasons INSURANCE professionals should join:
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Better prepare for the impacts of climate change
The insurance sector is directly affected by climate-related events, with increasing claims from natural disasters and extreme weather posing immediate financial risks to insurers. As a Club member, you gain leading-edge insights & strategies that can help you better prepare.
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Leverage your risk management expertise
Insurers are fundamentally in the business of risk assessment and management. Joining the club would align with your core expertise and enhance your ability to anticipate and mitigate emerging climate risks.
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Influence & adapt to regulatory requirements
The insurance industry is heavily regulated, and there is growing pressure to incorporate climate risks into their regulatory frameworks. Being part of the club would enable you to influence and stay ahead of regulatory changes.
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Integrate sustainability for greater resiliency
Insurers are increasingly integrating sustainability into their business models. Participation in the club provides an opportunity to lead and shape industry standards and practices in this area.
BANKS
Banks play a pivotal role in the global economy, and when their financial health comes into question as will increasingly happen as climate change impacts their loan portfolio, the consequences can be painful but not catastrophic to the profitability of individual banks. But the growing frequency of "1-in-a-100-year events" can threaten the very solvency of the entire banking sector if entire business segments fail. By joining the Scorpion’s Tail Club, senior banking executives can exchange insights on emerging risks and innovative solutions that may not be acceptable to express to a mainstream audience. Through discreet interactions, members can build alliances to influence policy and regulatory changes that better reflect the gravity of the evolving risk landscape, signaling to investors and borrowers alike that the banking sector is proactively preparing for a climate impacted future.
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Chief Risk Officer (CRO)
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The CRO is responsible for identifying, assessing, and mitigating risks to the bank. Joining the Scorpion’s Tail Club would provide valuable insights and strategies to manage climate-related risks, ensuring the bank’s resilience and stability.
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Chief Financial Officer (CFO)
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The CFO oversees the financial operations and strategy of the bank. By participating in the club, they can better understand the financial impacts of climate change and incorporate sustainability into the bank’s financial planning and reporting.
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Chief Sustainability Officer (CSO)
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The CSO is responsible for developing and implementing the bank’s sustainability strategy. Joining the Scorpion’s Tail Club would provide them with access to best practices and collaborative opportunities to integrate climate risk management into the bank’s operations and strategy.
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4 reasons BANK professionals should join:
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Optimize risk management
Banks are highly exposed to climate-related financial risks through their loan portfolios and investments. Being a member in the Club will help you better understand and mitigate these risks.
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Better anticipate regulatory pressures
Banks face increasing regulatory pressures to incorporate climate risk assessments into their financial stability frameworks. As a Club member you have the opportunity to influence & foresee regulatory requirements.
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Build your reputation to match demand
There is growing demand from stakeholders, including customers and investors, for banks to demonstrate leadership in sustainable finance and climate risk management. As a Club member you can better position yourself for where the market is going.
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Manage financial impact
Climate-related events can significantly impact the value of assets and the creditworthiness of borrowers, making it critical for banks to engage in proactive risk management strategies. Club members shaping the environment within which business takes place are best positioned to control financial outcomes.
Investors
Investors are increasingly aware of the financial implications of climate change and the need for sustainable investment practices. Extreme climate events can disrupt markets and devalue assets, posing significant threats to investment returns. The Scorpion’s Tail Club provides prominent, industry trend-setting investors with a platform to stay ahead of these challenges by collaborating on best practices and influencing regulatory frameworks that will ensure long term solvency. Additionally, participation in the club signals a commitment to responsible investing, helping to attract capital from stakeholders who prioritize sustainability and long-term value creation.
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Portfolio Manager
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A Portfolio Manager is responsible for making investment decisions and managing investment portfolios. By joining the club, they can stay ahead of climate-related risks and opportunities, ensuring robust and sustainable portfolio performance.
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Chief Investment Strategist
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The Chief Investment Strategist develops and communicates the firm’s investment strategy. Engagement with the Scorpion’s Tail Club would enhance their ability to incorporate climate risk considerations into strategic planning, aligning investment strategies with long-term sustainability goals.
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Chief Sustainability Officer (CSO)
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The CSO at an investment firm oversees the integration of sustainability into investment decisions and practices. Engaging with the Scorpion’s Tail Club would allow them to network with peers, share insights, and influence the development of regulatory frameworks that promote sustainable investing, enhancing the firm’s reputation and investment performance.
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4 reasons INVESTMENT professionals should join:
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Manage portfolio risk
Investors need to manage the risk of climate-related events that can affect the value of their investments. Engaging in the club can help you stay ahead of these risks and capitalize on sustainable investment opportunities.
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Align ESG-related considerations
There is a growing trend toward integrating Environmental, Social, and Governance (ESG) factors into investment decisions, and participating in the club aligns with this trend. Club members will be amongst the first to see latest ESG trends so you can align with them ahead of the curve.
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Influence & Advocacy
Investors have the potential to influence corporate behavior and policy changes through their investment choices and advocacy. As a Club member you are also an integral member of a valuable platform for collaboration and impact.
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Synchronize with market demand
Similar to banks, investors face increasing demand from stakeholders for responsible and sustainable investing practices. Being part of the Scorpion’s Tail Club will provide the early indicators you need to enhance your reputation and align your strategies with market expectations.
PENSIONS
Climate change introduces systemic risks that can significantly undermine the value of long-term investments intended to secure the retirement futures of hundreds of millions around the world. Club members can engage with other pension professionals regarding the long-term benefits of proactive risk management which is essential in light of the scientific consensus projecting that today's tail risks will become tomorrow's routine occurrences in a climate changed future. This enables preparation of enhanced investment strategies, regulatory preparedness, and fulfilling fiduciary duties, so they can protect and enhance portfolio performance while ensuring that investments contribute to a sustainable and resilient future.
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Chief Investment Officer (CIO)
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The CIO is responsible for managing the pension fund’s investment portfolio. By joining the club, they can gain access to cutting-edge discussions on integrating climate risk into investment strategies, protecting and enhancing portfolio performance and perhaps most importantly, influence regulatory frameworks.
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Head of ESG (Environmental, Social, and Governance)
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The Head of ESG oversees the implementation of sustainable investment practices within the pension fund. Participation in the Scorpion’s Tail Club would provide valuable insights into emerging ESG trends and regulatory developments, helping to align the fund’s investments with sustainability goals.
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Chief Sustainability Officer (CSO)
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The CSO in a pension fund is tasked with ensuring that the fund’s investments are sustainable and aligned with long-term environmental goals. By joining the Scorpion’s Tail Club, they can collaborate on innovative investment strategies that account for climate risks, safeguarding the fund’s performance and beneficiaries’ interests.
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4 reasons PENSION professionals should join:
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Proactive risk management
Pension funds have a long-term investment horizon that mandates their management and mitigation of long-term [climate] risks so they can ensure the stability and security of their investments over time. Engaging with other Club members ensures opportunities to work on collaborative strategies that help Club members stay ahead of emerging risks while shaping the future of the sector so they can best protect their beneficiaries' futures.
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Enhanced investment strategies
Despite a traditionally conservative approach, integrating climate risk considerations can enhance portfolio resilience and uncover new investment opportunities in sustainable and green assets. Club members can exchange insights into innovative investment strategies taking into consideration that the conservative approach may no longer provide the expected safe returns due to the increasingly frequent occurrence of what were once “1-in-100-year” events.
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Regulatory preparedeness
Pension funds are subject to strict regulations, but these regulations are evolving to include climate risk considerations. Being part of the club enables pension fund Club members to influence and adapt to new regulatory frameworks, ensuring they meet future compliance requirements and avoid potential penalties.
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Reputation & Fiduciary Duty
While the immediate financial impact may seem lower, the long-term systemic risks of climate change can be substantial. By demonstrating leadership in sustainable investing and climate risk management, pension fund Club members can enhance their reputation, attract socially conscious investors, and fulfill their fiduciary responsibilities more effectively.
2025 Events Calendar
Yearly Opening Event
2025 Yearly Opening Event Title: "Regulating for Resilience: Overcoming Tail Risks in a Changing Climate"
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Held in late January, this 2-day hybrid event is comprised of consecutive sessions each providing an overview of the various topics to be covered in depth in bi-monthly, topic-specific events held throughout the year (see below). The Yearly Opening Event gives participants an opportunity to meet, network, and break into working groups that will address the various topics during the coming year.
Bi-Monthly Events
Bi-monthly hybrid 1-day events deep-dive into the various topics. Each event topic has its own working group that meets on an ongoing basis throughout the year to discuss and formulate strategies associated with the specific topic.
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March -
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Mobilizing Global Governance for Planetary Solvency: Rewriting the Rules for Regulating Corporate Behavior
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May -
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Aligning Finance with Planetary Resilience: Redesigning Economic Activity for Sustainability
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July -
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Redefining Success: Shifting Corporate Metrics Towards Planetary Solvency
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September -
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Fostering Innovation for Planetary Resilience: Shaping Human Environment
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End of Year Event
Held in late November / early December, this 1-day hybrid event brings the Club members together to review progress made by the various working groups to date, provide feedback, learn about next steps, etc.
Tentative Event Format
Each event has the same format:
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Welcome
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Keynote - "Setting the Context: The Science Behind Why We're Here"
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Individual Deep-Dive Sessions
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Working Groups *
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Wrap-up Session
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* Following the deep-dive sessions related to the specific topic(s) being discussed at the particular event, participants are invited to join working groups dedicated to following up with action items related to the specific theme.
Our Partners
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