# Initiatives

![image](/sites/default/files/styles/866w/public/2023-02/ESB.jpg?h=b7e7f035&itok=JCwI939O)

##  Initiatives

Financial Risk, Geopolitical Risk, Cyber Risk, Climate Risk, and Pandemic Risk

Led By Professors Acharya, Philippon, Milch, and Stroebel

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![Financial data on screen](/sites/default/files/styles/480w_x_590h/public/assets/images/GettyImages-517963238_3000_0.jpg?h=0854e162&itok=CMKOdLDL)

###  Financial Risk

Faculty coordinator: Viral Acharya

[Learn More](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/volatility-and-risk-institute/initiatives/financial-risk)

![Forest Fire](/sites/default/files/styles/480w_x_590h/public/assets/images/iStock-157384116.jpg?h=81776cb0&itok=VjlEOueB)

###  Climate Risk

Faculty Coordinator: Johannes Stroebel

[Learn More](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/volatility-and-risk-institute/initiatives/climate-risk)

![Data center](/sites/default/files/styles/480w_x_590h/public/assets/images/datacenter_resized.jpg?h=9c69c91d&itok=gUEyAMuT)

###  Cyber Risk

Faculty Coordinator: Randall S. Milch

[Learn More](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/volatility-and-risk-institute/initiatives/cyber-risk)

![Flags of several G20 countries](/sites/default/files/styles/480w_x_590h/public/assets/images/iStock-171307326.jpg?h=e6374c83&itok=CqSbfBKD)

###  Geopolitical Risk

Faculty coordinator: Thomas Philippon

[Learn More](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/volatility-and-risk-institute/initiatives/geopolitical-risk)

![Screenshot of VLab's COVID analysis page](/sites/default/files/styles/480w_x_590h/public/assets/images/VLAB_COVID8.png?h=007d61a3&itok=yBmFBjcO)

###  Pandemic Risk

[Learn More](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/volatility-and-risk-institute/initiatives/pandemic-risk)