Agenda

Agenda

Identifying and Managing the Financial Risks of Climate Change

Course agenda


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Live virtual course | Below agenda timing is in BST.

Respective time in EDT:

Start: 2pm BST | 9am EDT
Break: 3pm BST | 10am EDT
End: 4.15pm BST | 11.15am EDT

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14:0015:00

Overview climate change risk

14:00 - 15:00

  • Exposure to climate related risk

    • Physical risks

    • Transition risks

    • Liability risk

  • Connecting types of climate risk: Traditional and new types of financial risk 

  • Climate change risks and opportunities

  • Importance of linking risk appetite and business strategy

Stefano Bonini PhD, CStat, PStat®

Head of advisory

Cerved Group SpA

15:0015:15

Break

15:00 - 15:15

15:1516:15

Emerging regulatory standards of climate change risk

15:15 - 16:15

  • Overview of current regulatory standards

  • Risk management expectations

  • Role of Network for Greening the Financial System (NGFS) and standards setters 

  • Challenges and opportunities

Nick Talbot

Head of climate risk

NatWest Group

Nick Talbot has over 25 years experience in the financial services industry. Having previously worked at the Bank of England and the Financial Services Authority, Nick has spent the last 15 years at NatWest Group (formerly Royal Bank of Scotland Group) working in a range of risk management roles across both the 1st and 2nd lines of defence. As the Senior Responsible Owner, he led the Group’s response to the PRA Supervisory Statement ‘Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change’; he is now the Head of Climate Risk within the Risk function.

14:0015:00

Climate risk methodologies

14:00 - 15:00

  • How do you model climate change risk?

  • Utilising and assessing data

  • Climate change applied to market risk and operational risk

  • Understanding modelling methodologies

    • Temperature alignment

    • Pacta methodology

    • Climate change applied to credit risk

  • Standardisation issue

  • Challenges in modelling climate change risk

Sonia Shah

Head of ESG and climate risk - regulatory lead

Grant Thornton UK LLP

15:0015:15

Break

15:00 - 15:15

15:1516:15

Disclosure, reporting, and governance frameworks

15:15 - 16:15

  • Rising pressure for financial disclosure

  • Oversight and ownership of practical climate change risk management

  • How to build and practice climate risk governance

  • Understand TFD guiding principles

    • TCFD recommendations

    • Best practices for TCFD reporting

  • Developing a comprehensive TCFD program

    • Implementing recommendations and proposals

  • Decarbonizing portfolios

Maria Lombardo

Head of ESG advisory sustainable finance

Standard Chartered Bank

 

 

14:0015:00

Climate alignment

14:00 - 15:00

  • Voluntary carbon markets

    • How does carbon become liquid?

    • How carbon become an asset

    • What is the price of carbon?

    • How do you align markets to ETS?

  • Emission trading scheme (ETS)

  • Applying use of VCM to forest and agriculture

Alessia Falsarone

SASB FSA, managing director

PineBridge Investments

Alessia Falsarone is Managing Director, Portfolio Strategy and Risk, Head of Sustainable Investing DMFI at PineBridge Investments, a global asset manager based in New York. Prior to joining the firm’s predecessor entity, AIG Investments, in 2007, Alessia spent over a decade in banking and research roles at Credit Suisse and Citigroup in Europe, North America and Asia.

A fellow of the Aspen Institute’s Business and Society Program, she is an advisor to the London Stock Exchange Green Segment with focus on financial markets’ participation in building environmental resilience and promoting climate risk practices, as well as a non-executive director of OpenCorporates, the largest open platform of transparent corporate data and provenance solutions. Alessia is an alumna of Stanford University and the MIT Sloan School of Business.

15:0015:15

Break

15:00 - 15:15

15:1516:15

Climate change risk strategies

15:15 - 16:15

  • Measuring social impact of climate change

  • Using ESG data to model social impact

  • Understanding SSPs for climate risk ST

  • Net zero

Åse Bergstedt

Sustainability and climate change expert

Board level ESG & Sustainability Advisor

Åse has extensive experience in Sustainability and ESG at Board and Executive level, as well as leading Sustainability teams in large Corporations and mentoring Executive programs. She specialises in going beyond risk management and compliance by integrating Sustainability into the core business strategy including digitalisation. She has the last 6 years worked with the EU sustainable finance agenda being Chief Sustainability Officer for International – (investment arm of IKEA) and Nordea Bank, Asset Management and Pension & Insurance. Prior to this she worked with Sustainability, Health and Safety for multinational companies in Telecom globally. She has on the ground experience of supply chain management and impact investing in over 35 countries in Africa, Latin America, Asia and Europe. She holds a Master’s Degree in Population and Development from London School of Economics

14:0015:00

Climate scenario analysis and stress testing

14:00 - 15:00

  • Difference between ‘normal’ stress testing and climate change risk stress testing?

    • The Bank of England BES stress test

    • HKMA climate risk stress test

    • ECB methodologies

  • Assessing the climate resilience

  • Overview of scenario analysis in the context of climate change risk 

    • Benefits

    • Challenges

    • Scenario analysis examples

  • Application of scenario analysis and stress testing results on limit setting and other quantitative metrics

Peter Plochan

EMEA principal risk specialist

SAS

Peter Plochan is the EMEA Principal Risk Management Advisor at SAS who helps financial institutions to deal with their challenges around finance and risk regulations, enterprise risk management, risk governance, forward looking risk analysis, stress testing, model risk management, risk modelling and climate change risk management. 

Peter has a finance background (Master’s degree in Banking) and is certified Financial Risk Manager (FRM) with 14 years of experience in risk management in financial sector. He has assisted various banking and insurance institutions with large-scale risk management implementations while working both internally and also externally as a risk management advisor (PwC). Since joining SAS in 2014, Peter serves as a global acting domain expert - leveraging the latest trends in risk analytics & technology with his deep risk management & finance expertise. 

Peter also acts as the Risk Management trainer for PRMIA (Professional Risk Management International Association) where he developed and delivers training on Model Risk Management and ERM & Stress Testing for the global risk community. Peter regularly speaks & presents at risk events/webinar and publishes risk management thought leadership materials. 

15:0015:15

Break

15:00 - 15:15

15:1516:15

Climate change data & analytics

15:15 - 16:15

  • Types of data: Financial data vs. non-financial data

  • Do you have enough internal data to include climate-related issues into your framework?

  • Adjusting data collection process to effectively evaluate climate change risks

  • Leveraging data sources

  • Current industry challenges

Zeeshan Rashid

Global head of climate change advisory, BFSI Industry Advisory Group

Tata Consultancy Services Ltd.

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