CICR Exam Information and Outline
Certificate in Climate Risk (CICR)
Syllabus Update Checked on: November 6, 2026
CICR Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official CICR exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
AICB.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- 75 multiple-choice questions; duration 1.5 hours (online)
- LO1: Climate Change and its Impacts
- Climate science, greenhouse effect, IPCC scenarios
- UNFCCC, Kyoto Protocol and Paris Agreement
- Adaptation, mitigation and the net-zero transition
- LO2: Climate-Related Financial and Non-Financial Risks
- Physical, transition and liability risks; stranded assets
- Climate risk as a cross-cutting risk; greenwashing
- LO3: Measuring, Monitoring and Reporting Climate Risk
- EU Taxonomy and TCFD disclosures; materiality
- Data management, carbon accounting and sustainability reporting
- LO4: Modelling and Scenario Analysis
- Shock and trend risks; IPCC and NGFS scenarios; stress testing
- Physical risk modelling; SBTi and PACTA
- LO5: Regulatory Approaches and Responses
- Central banks, NGFS, Climate Financial Risk Forum, carbon pricing
- LO6: Risk Appetite, Governance and Culture
- Integrating climate risk into decision-making, ICAAP and three lines of defence
- LO7: Opportunities in the Transition to a Low-Carbon World
- Green, sustainability and transition bonds and loans; role of finance professionals