Transitions RESEARCH AXES: FOUR MAJOR SOCIETAL TRANSITIONS Digital transition Research in this area is designed to meet the challenges of digital transformation. First of all, it provides new mathematical and statistical approaches capable of analyzing information in a context where the sheer volume of data to handle initially seemed daunting. More generally, this focus area addresses the various economic issues generated by the democratization of new technologies. Research programs, publications and events have focused on topics such as: AI, blockchain, big data, cyber-risk, and robo-advisors. Environmental transition The goal here is to advance and promote the analysis and evaluation of existing and future public policy and economic instruments in the area of climate change. Research programs, publications and events have focused on topics such as: climate change, nonrenewable resources, climate risk for the agricultural, industrial and housing sectors, circular economy and CSR. Demographic transition This focus area seeks to develop new public and private solutions for covering emerging risks pertaining to longevity, dependency, and health. It also aims to further our understanding of the impact these changes have on economic determinants: growth, productivity, financial markets, the accumulation strategy of human capital, etc. Programs contribute to defining new social insurance channels and products, both public and private, suited to the various geographic, cultural and temporal situations stemming from demographic transition. Research programs, publications and events have focused on topics such as: longevity and health, human capital, and the labor market. Financial transition Research in this area aims to support transformation in the banking and financial industries from the standpoint of stability and sustainability. Research programs, publications and events have focused on topics such as: responsible finance, sustainable development, financial regulation and stability, financial risk, finance and behavioral economics, and innovation-based growth.