Melbourne Chapter: Financial Consequences of Physical Climate Risks

Dr Karl Mallon is a founder of The Climate Risk Group which includes companies XDI and Climate Valuation. His team of scientists and engineers is behind much of the data people see in the public about the impacts of climate change in Australia: from analysis by the RBA to reports on insurance affordability on the ABC. XDI has twice been ranked as the world leader in physical risk analysis in 2025, and works with over 100 banks and asset managers around the world on risk quantification and adaptation.

With a background in both Physics and Mechanical Engineering, Karl has worked in climate change mitigation, policy and technical analysis since 1991, and has specialised in climate adaptation since 2005. His team’s pioneering work in developing technology to quantify the cost of extreme weather to the built environment led to the development of the Climate Risk Engines in 2012.

Karl is editor and co-author of ‘Renewable Energy Policy and Politics: A Handbook for Decision Making’ published by Earthscan (London) and a contributing author for ‘Practical Adaptation Studies’, published by Wiley. Karl is also a founding board member of The Climate Bonds Initiative (London).

Mike van de Graaf is General Manager Risk & Performance Measurement at Treasury Corporation of Victoria (TCV). He is responsible for financial risk management, risk appetite, risk policy, enterprise risk management, operational risk, risk technology, and business intelligence and new product development. 

Previously Mike held executive roles at ANZ and worked with Deloitte in The Netherlands, U.S., and Australia. He has a Masters of Science from the University of Amsterdam and completed GARP's FRM® Certification and SCR® Certificate as well as the AMP at INSEAD. He has recently completed ‘Competing in the Age of AI’ at Harvard Business School.

Mike is Director of the GARP Australia chapter.