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Meet Wharton's Newest Faculty: Parinitha Sastry

March 18, 2026 / 01:04

This episode features Parita Sastri, an assistant professor of finance at Wharton, discussing climate change and its impact on financial markets. Sastri shares her research on how financial institutions, such as banks and insurance companies, adapt to climate change challenges.

Sastri reflects on her experiences during Hurricane Harvey in Texas, emphasizing the unprecedented flooding and the importance of studying such events. She highlights the need for more research in this area and the connections between finance and climate-related issues.

The conversation also touches on the relevance of finance in addressing climate change, showcasing how various departments at Wharton are engaged in topical and policy-relevant research.

TL;DR

Parita Sastri discusses climate change's impact on finance and the role of financial institutions in adapting to environmental challenges.

Episode

1:04
00:00:00
It's my my spiel. So, [laughter]
00:00:02
my name is Parita Sastri. I'm an
00:00:04
assistant professor of finance at
00:00:06
Wharton. My [clears throat] research
00:00:07
focus is on climate change and financial
00:00:09
markets, trying to understand the role
00:00:11
that financial institutions like banks
00:00:13
and insurance companies play and how the
00:00:16
economy adapts to climate change.
00:00:17
[music] So when I was doing my PhD, um
00:00:20
we had just experienced Hurricane Harvey
00:00:22
in in Texas and it was a pretty
00:00:24
disastrous hurricane and it hit a lot of
00:00:27
places that had never really experienced
00:00:29
that level of flooding in the recent
00:00:30
past. So it [music] was just so big, so
00:00:33
important, so underststudied and I felt
00:00:36
like there was there were just so many
00:00:38
questions I had. I think the finance
00:00:40
department is a really amazing [music]
00:00:42
place where people are working on a lot
00:00:44
of different areas, but all extremely
00:00:46
topical and policy relevant [music] and
00:00:47
relevant for business. And so, it's just
00:00:49
kind of exciting to hear what everyone's
00:00:51
working on and draw these connections
00:00:53
between different markets or different
00:00:54
industries that you may not have thought
00:00:56
about before. [music]

Episode Highlights

  • Understanding Climate Change's Impact on Finance
    Parita Sastri discusses her research on climate change and its effects on financial markets.
    “The finance department is a really amazing place where people are working on a lot of different areas.”
    @ 00m 40s
    March 18, 2026

Episode Quotes

  • It was just so big, so important, so underststudied.
    Meet Wharton's Newest Faculty: Parinitha Sastry
  • I felt like there were just so many questions I had.
    Meet Wharton's Newest Faculty: Parinitha Sastry

Key Moments

  • Introduction00:02
  • Research Focus00:07
  • Hurricane Harvey Experience00:20
  • Importance of Research00:33
  • Connections in Finance00:47

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