Susan Hayes Culleton

speaker

3,424 appearances 24 recordings 2 series first heard Nov 2025 last heard 2d ago

Susan Hayes Culleton’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 24 in all, peaking in Jul 2026 with 5.

Appearances

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Taking Stock · The Digital Euro explained, business exit plans & the shortcomings of our climate risk models · 31 Jul 2026 podcast

So if we were just to look at this on an average point of view versus a concentrated area, is that what you mean? voice-verified

Is that we're not looking at these numbers from the perspective of the concentration of where they could be? voice-verified

We're simply taking those figures and say, oh, yeah, but sure, we can work it out. voice-verified

Okay, but Larry, it did the fact that that heatwave that happened seven months later, was that due to something really rare at the time that merited the 0.02% or was the risk of that entirely underestimated? voice-verified

So if I can go back to 2022 for a moment then, what were the expectations of what 2026 would be like and how is it playing out when we look at what's going on in Bordeaux, are the temperatures indeed in the UK that we have seen recently, even here in Ireland? voice-verified

How are things now relative to what we thought back then? voice-verified

But Laurie, how are the models keep getting this wrong? voice-verified

Like, what's the problem here? voice-verified

Obviously, I get the power of compounding and that one summer that leads to higher temperatures can then lead to another one due to the impact of that. voice-verified

But if model after model is getting this wrong, do we not need to question the model then and who's making them? voice-verified

And that's why the line stood out to me that I mentioned at the beginning that is extremes not average define the future of climate damage. voice-verified

Can I move to something that I have a lot of experience in by virtue of the fact of studying economics in college and that is GDP. voice-verified

And I was taught and have gone on to write textbooks myself in this area that we look at economic growth through the lens of consumption plus investment plus net exports plus government spending. voice-verified

There isn't a measure in GDP for how the environment is handling said economic growth. voice-verified

That is something the report has a view on as well. voice-verified

Would you like to share that with us? voice-verified

OK, if we move from a country perspective to a company perspective, scope one, two and three were aimed at doing exactly what you've described, which is looking at the environmental impacts as a result of an economic entity, which is a business. voice-verified

But as I had mentioned there, Deloitte has found that more than two thirds of FTSE 100 companies have had to restate their climate metrics. voice-verified

Is that because they were wrong in the first place and they were erroneous or because companies are getting better at defining them and being more accurate in the impact that they are actually having on the environment? voice-verified

Okay. voice-verified

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