Patrycja Klusak

Patrycja Klusak is a Professor at the School of Social Sciences within the Edinburgh Business School at Heriot-Watt University. Her research focuses on financial economics, particularly the intersection of climate change, sovereign risk, and credit ratings. She has been recognized with the 2025 FT Business Awards – Academic Research with Impact for her work on climate change and sovereign creditworthiness.

Her expertise spans credit rating mechanisms, corporate governance, and environmental policy. Notable research areas include the impact of climate policy on sovereign debt, political connections influencing ratings, and the role of financial flexibility in mitigating corporate risks. Klusak has over 350 media mentions across 40+ countries, contributing to global discussions on sustainable finance and infrastructure.

Key contributions include analyzing climate transition scenarios for sovereign creditworthiness and advocating for regulatory reforms in rating agencies. Her work bridges academic insights with practical implications for policymakers and investors, emphasizing the need for climate-aware financial frameworks.