Climate risk and resilience advisory

Climate adaptation and sustainability advisory for corporates and organizations. Sovereign disaster risk finance for governments — combining 20+ years of practitioner experience with applied research at the frontier of climate analytics.

Two Practices, One Discipline

Built for governments and corporates navigating climate risk

Twenty years designing instruments that move from probabilistic risk analytics to executable financing and strategy — for ministries, multilaterals and boards.

For Public Institutions

Sovereign Disaster Risk Finance

Ministries of finance, central banks and multilateral development partners.

  • 01Catastrophe bonds and parametric insurance — design, structuring and placement.
  • 02Risk-layered financing strategies and fiscal resilience diagnostics.
  • 03Disaster fund design, governance and policy frameworks.
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For Financial Institutions & Corporates

Climate Risk and Sustainability Advisory

Banks, insurers, infrastructure operators and listed corporates.

  • 01Physical climate risk assessments — asset-level exposure and portfolio AAL.
  • 02Adaptation strategy and resilience investment prioritization.
  • 03Disclosure support: TCFD, IFRS S2, OSFI — and board-ready reporting.
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Engagements & Collaborations

World Bank Group
UNDP
Inter-American Development Bank
Asian Development Bank
UNFCCC
The Nature Conservancy
Approach

Quantitative rigour, translated into decisions

From probabilistic catastrophe modelling to placement of sovereign instruments and disclosure-grade portfolio analytics — every engagement leaves clients with tools, not just reports.

30+

Countries with operational engagements across Latin America, the Caribbean, Africa and the Pacific

2006

Year of Mexico's first sovereign catastrophe bond — among the earliest in any emerging economy

25K

Critical infrastructure assets analysed under multi-hazard climate scenarios

5

Continents with active engagements: Latin America, Africa, Asia, the Caucasus and the Pacific

Research

Practice grounded in active research

Doctoral work at the University of British Columbia and ongoing publications keep the advisory practice at the frontier of disaster finance and climate analytics.

Physical climate risk in credit models

How catastrophe-model output should cross the interface into bank credit systems — and what today’s practice loses on the way.

Optimal risk layering for disaster finance

Formal theory of how sovereigns and firms should combine reserves, contingent credit and risk transfer across a severity continuum.

Compound flood risk to coastal infrastructure

CLIMADA-based hazard and loss modelling for the Fraser River Delta, integrating riverine, tidal and storm-surge drivers.

Climate disasters and financial institutions

Causal identification of disaster impacts on microfinance performance using climatological instrumental variables.

Self-reported disasters and household welfare

Panel household survey evidence from Peru on who bears losses after natural disasters, validated against satellite and climate data.

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Victor Cardenas-Santiago
About

Practitioner with academic backing

Senior advisor with 20+ years designing sovereign catastrophe risk transfer instruments across 30 countries. Conceived Mexico’s first sovereign cat bond (2006) and led its restructuring. Recent work includes Vanuatu’s national disaster financing strategy with UNDP and a 25,000-asset climate risk assessment for Latin America’s largest telecom.

Doctoral candidate at the University of British Columbia, where research focuses on compound flood risk to coastal infrastructure. Trusted advisor to the World Bank, UNDP, IDB, ADB and national governments.

PhD Candidate, UBCFormer Mexico Ministry of FinanceBased in Vancouver, BC

Full profile

Let’s turn physical climate risk into an input your capital and credit decisions can use.

For credit institutions, infrastructure owners and sovereigns: analysis built for the challenges climate imposes on your business. Let’s discuss your priorities.

sales@victorcardenas.org+1 236 885 3132Vancouver, Canada · Working globally