Climate Risk

Climate Risk

The Future of Climate Risk | Virtual Workshop

Day 1 – Tuesday October 20 2020

08:3009:00

Registration

08:30 - 09:00

09:0010:00

Climate change risk (CCR) management

09:00 - 10:30

  • The need to Identify, assess and manage climate change risks - Overview
  • Climate Change Risk Response – Understanding the Guiding principles TCFD
  • Exposure to climate-related risks - Physical risks
  • Exposure to climate-related risks - Transition risks
  • Treating climate change as a financial risk
  • Integrating climate risk into financial risk management frameworks
  • CCR - What are the potential Risks and Opportunities
Brendan Baker

Senior Associate, ESG Research

MSCI

Brendan Baker is a Senior ESG Analyst for the ESG Research group of MSCI, based in Sydney. He joined MSCI in 2017 and is a member of the ESG Research Climate Change Working Group. Brendan supports and leads climate change research activities, as well as Energy and Material sector research.

A Western Australian native, Brendan began his career in 2007, working for the global Research & Development group of Alcoa World Alumina. He transitioned into the climate change space in 2014, achieving an MSc in Environment and Resource Management from the Vrije University of Amsterdam, majoring in Climate Policy.

Prior to MSCI, Brendan also held several roles at the largest global climate change NGO, the Carbon Disclosure Project (CDP) based in London, supporting Investor clients with climate change risk and opportunity identification, as well as carbon data, tools, and analytics.

10:0010:15

Morning break

23:15 - 23:30

10:1511:15

Carbon pricing and climate risk management

13:30 - 15:00

  • Overview of carbon prices, carbon taxes and emissions trading
  • Developing decarbonisation strategies
Alain Mahieu

Manager, Sustainability Services

KPMG Singapore

11:1511:30

Morning Break

10:50 - 11:20

11:3012:30

Data management

11:30 - 12:30

  • Types of data required – financial vs. non-financial data
  • Adjusting data collection processes to effectively evaluate climate change risks
  • Do you have enough internal data to include climate-related issues into your framework?
  • Leveraging additional data sources
  • Current industry challenges
Michael Salvatico

Head of Asia Pacific ESG Business Development, Trucost

S&P Global

Michael Salvatico leads environmental, social and governance (ESG) business development in Asia Pacific for Trucost, based in Sydney. He works with investors and companies to consult on industry trends, assess their ESG performance and advise on the integration of tools that help manage ESG exposures and opportunities.

Prior to joining Trucost, Michael was an Executive Director at MSCI Inc. and oversaw the company’s ESG Research in Australia and New Zealand. His career experience involves working in portfolio analytics, quantitative investment analysis and ESG research. Before MSCI Inc., he was part of the highly rated research team at Bank of America - Merrill Lynch where he was head of Emerging Markets quantitative analysis.

Michael was a cofounder in the Climakind initiative to reduce global carbon emissions by promoting a price on carbon and a thought leader in solutions to the rising levels of global carbon emissions.

Michael received a Master of Applied Finance and Investment from the Securities Institute of Australia, and a Bachelor of Commerce with Merit from the University of New South Wales.

12:3012:30

End of Day One

17:00 - 17:01

Day 2 – Wednesday October 21, 2020

08:3009:00

Registration

08:30 - 09:00

09:0010:00

Climate scenario analysis/stress testing

09:00 - 10:00

  • Overview of scenario analysis in the context of climate change risk
  • Benefits and challenges of conducting scenario analysis
  • Climate Change stress testing (BOE/EBA) – making it mandatory
  • Where do I start?
  • Scenario analysis examples and global case studies
  • Can existing scenario models be leveraged?
  • Key challenges
  • Australia’s approach to include more climate change risks in stress testing
Peter Plochan

EMEA principal risk specialist

SAS

FRM certified Risk Management specialist with strong analytical mindset and finance background. By combining my 10+ years of Risk Management experience with SAS Analytical and Risk & Finance Solutions I am uniquely positioned to provide the leading financial institutions with valuable advice for addressing their Risk & Finance management challenges.

My main Finance & Risk Management competency areas include:
- Finance and Risk Management technology;
- Risk regulations ( Basels /CRDs, ICAAP, ILAAP, Solvency II, ORSA);
- Accounting standards: IFRS 9 ;
- Enterprise Risk Management;
- Model Risk Management;
- Financial Risk Management and Asset Liability Management;
- Risk data / analytics;
- Planning, Forecasting, Stress Testing, Scenario analysis and Capital management.
- Risk and Finance integration

I am passionate about helping companies to improve their existing risk and finance processes, providing advice, educating and driving business development in the areas above.

10:0010:15

Morning Break

10:30 - 11:00

10:1511:15

Disclosures, reporting and governance

10:15 - 11:15

  • Rising pressure for financial disclosure – why?
  • Strong ownership and oversight of the climate change risk management practices
  • TCFD recommendations and the PRA draft supervisory statement
  • Implementing the recommendations and proposals:
    • Motivation
    • Practicality
    • Legality
  • Developing a comprehensive TCFD programme
  • Potential challenges
Jillian Button

Partner

Allens

Jillian leads Allens’ climate change practice. As well as having advised in relation to climate-related regulatory issues for more than a decade, more recently Jillian has been working closely with inhouse counsel and boards to develop frameworks to respond to directors’ duties and disclosure obligations, climate policies, and climate litigation risk. Jillian regularly advises in-house legal teams and boards on climate-related risk. Clients also come to Jillian for advice on board endorsement of climate policies.

11:1511:15

End of Risk Australia virtual conference

11:30 - 11:31

Day 3 – Thursday October 22, 2020

08:3009:00

Registration

08:30 - 08:50

09:0010:00

Central bank and Supervisory perspectives

09:00 - 10:30

  • Implications of climate change for financial stability
  • Central bank’s & Supervisor’s roles and responsibilities for climate change
  • Incorporating climate change risks into central banks’ own portfolios
  • Sharing lessons and experiences on how to manage the financial risks posed by climate change
  • Expectations for financial institutions to integrate and manage climate risks in day-to-day operations
  • Creation of a coherent set of global priorities requiring international cooperation
  • How supervisors can help strengthen resilience
  • Incorporating Sciences Based Targets initiative (SBTi)
Paul Dobbs

Former Director and now Independent Risk Consultant

Paul is a risk and regulatory specialist and have worked in banking/ capital markets, risk & regulatory technology and risk consultancy for more than 20 years. He helps to deliver quality risk and regulatory consultancy across the domains of  data, governance, scenarios analysis/ stress testing and risk/regulatory reporting, right through to the application of digital technology. He covers the domain of climate change risk (including TCDF disclosures and sustainable financing) extensively, where he has also been training/consulting global organisations around the enhancements of banks risk and reporting frameworks. He has worked with both large and small financial institutions globally with the objective of addressing the combined challenges of climate change risks and regulations but also their opportunities.

He has a Honours in Business Administration and a MSc in Quantitative Finance and he is currently completing his GARP Sustainability and Climate Risk certification.

He is in the process of joining the board of a ESG data provider and has also been asked to help design the syllabus for a leading industry banking body.

10:0010:15

Morning Break

10:50 - 11:20

10:1511:15

Future of Climate Risk in the Australian market

13:30 - 15:00

  • Climate risk as the new risk
  • The value proposition of climate risk and how to measure climate risk
  • Using climate modelling insurance approach to estimate physical climate risk
  • User cases on how climate risk impacts FI’s were climate risks are concentrated
Entela Benz

CEO, Adjunct Associate Professor

Intensel Limited, HKUST SBM

Entela is the CEO and Co-founder of Intensel Limited, an AI-powered climate science for predicting risk related to weather extremes and climate change. Besides, she serves as Adjunct Associate Professor at the Department of Finance, HKUST Business School, teaching a variety of courses such as Fixed Income Securities, Investment Analysis Sustainable Investing mainly for Master level. Through her consultancy and on behalf of HKUST Business School, she has delivered several ESG training for companies such as Tencent Holding Limited, Citibank India, San Paolo Intesa Bank, HK Institute of Financial Analyst as well as Open Enrolment Executive Education courses on ESG for HK based Asset Managers and Asset Owners. She is a frequent speaker on conferences and seminars covering ESG Investing and Green Finance in both HK and China. Entela is a Member Board of Directors of VEIL, Dragon Group Capital Limited, launched in 1995, a USD2billion closed-end fund trading at London Stock Exchange.

Before co-founding Intensel, Entela has been acting as consultant/advisor/executive trainer on Impact and ESG Investing. Previously, she worked for UBS Investment Bank, Hong Kong and a Geneva-based hedge fund, Switzerland and the Security and Exchange Commission (SEC) in Albania. 

Currently, she is a member of The Hong Kong Green Finance Association ESG Integration working group, the Board of Advisors of International Care Ministries (ICM), as well as the Friend Of Earth NGO Advisory Board.

Her recent and ongoing Harvard Business Review cases studies are on ESG integration, physical and transitional climate risk impact on company performance and China A-Shares mainly. Previous academic research is on Portfolio Optimization with Credit Default Risk, as well as Venture capitalist, contract pricing using numerical simulations techniques.

She graduated with a PhD in Financial Asset Management and Engineering (FAME /Swiss Finance Institute) from HEC – University of Lausanne, Switzerland, also holds an MPhil in International Economics from HEI- Graduate Institute of International Studies, Geneva, Switzerland and Certificate of Finance from Linacre College, Oxford University.

11:1511:15

End of Training Course

17:00 - 17:02