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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 financial markets. Key topics include the impact of Hurricane Harvey and the role of financial institutions in adapting to climate change.

Parita shares her experiences during her PhD, particularly how Hurricane Harvey influenced her research focus. She highlights the significance of understanding financial institutions like banks and insurance companies in the context of climate adaptation.

The conversation emphasizes the importance of interdisciplinary connections within finance and how various markets and industries relate to climate change issues.

TLDR

Parita Sastri discusses climate change's impact on finance and the role of institutions post-Hurricane Harvey.

Episode

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

Episode Highlights

  • Understanding Climate Finance
    Parita Sastri explores the intersection of climate change and financial markets.
    “The finance department is a really amazing place...”
    @ 00m 44s
    March 18, 2026

Episode Quotes

  • I had just experienced Hurricane Harvey.
    Meet Wharton's Newest Faculty: Parinitha Sastry
  • It was just so big, so important, so understudied.
    Meet Wharton's Newest Faculty: Parinitha Sastry

Key Moments

  • Research Focus00:07
  • Hurricane Harvey Impact00:20
  • Connections in Finance00:49