8:00 Breakfast and refreshments

8:50 Chair’s opening remarks

REGULATION

09:00 Adapting strategies to manage prescriptiveness of regulation and the complexities of global expectations

Session details 

  • Reviewing the current and upcoming climate regulation and policy landscape
  • Assessing the impact of IRA on climate risk management
  • Navigating the climate regulatory landscape
  • Managing a lack of regulatory consistency and convergence
  • Impact of EU regulatory framework on the US
  • Navigating global regulation vs US state by state legislations
    • Political impact of complexity

Marika P. Christopher, Senior Director, Responsible Investing Strategy and Solutions, Nuveen, A TIAA Company

CLIMATE SCENARIO ANALYSIS – PANEL DISCUSSION

9:35 Reviewing the Federal Reserve scenario analysis requirements and guidelines and future wider industry implications

Session details 

  • Assessing timelines and what this means for the industry
  • Benchmarking results of climate scenario analysis
  • Comparison between Fed, ECB and PRA requirements
  • Managing varying climate scenario analysis maturity levels
  • Leveraging scenarios to understand macro implication and physical risks of climate
  • Managing data limitation for severe stress scenarios
  • Defining when a normal event becomes a climate type analysis

Sharon Asaf, Director, Global Climate Risk, Citi

10:20 Morning refreshment break and networking

CLIMATE RISK

10:50 Measuring, managing and quantifying the impacts of climate related risk

Session details 

      • Integrating climate risk measurements into strategy
      • Evaluating a banks portfolio from a climate risk perspective
      • Translating climate risk into a measure of financial risk and performance
      • Understanding the direct impact of climate on other risk silos
      • Identifying type and impact of a climate risk
      • Understanding climate risk metrics and indicators

DISCLOSURES – PANEL DISCUSSION

11:25 Reviewing disclosure requirements and understanding what final disclosure rules could mean for institutions

Session details 

    • Disparities of disclosure requirements between regions
    • Ensuring appropriate controls and systems are in place to meet disclosure requirements
    • Overcoming fragmented disclosures globally
    • Data requirements
    • Impact of SEC disclosures on transition risks
    • Understanding potential reputation risks as a result of disclosures

Tobi Petrocelli, Director Environmental and Sustainability Management, MUFG
Leah Daly, Senior Director, Environmental, Social, Governance, SVP, Santander
Ekaterina Grigoryeva, Environment and Social Development specialist (Global Lead, Financial Sector), The World Bank

REPORTING

12:10 Anticipating new reporting requirements from the ISSB

Session details 

    • Managing increase in regulatory requirements and incorporating forward looking metrics
    • Use of granular data in reporting
    • Additional climate factors under TCFD and what should be reported
    • Understanding how banks report climate metrics
    • Ensuring climate is effectively reported to the board

12:45 Lunch break and networking

CARBON MARKETS & INVESTMENT OPPORTUNITIES

1:45 Reviewing the current and future carbon markets landscape

Session details 

  • Assessing the status of carbon markets
    • Key challenges and investment opportunities
  • Reviewing carbon development projects by region
  • Leveraging opportunities into best-in-class investment strategies
  • Technological developments in carbon markets
  • What does the future hold for carbon markets?

SCOPE 3 EMISSIONS

2:20 Ensuring the infrastructure and technology is in place to manage extensive data and reporting requirements of scope 3

Session details 

  • Assessing data availability from the entire value chain
    • Supply and customer chain
  • Obtaining accurate and usable data
  • Ensuring interpretability and comparability
  • Defining ownership and accountability
  • Ensuring all companies effectively report scope 3 emissions
  • Operational risks of meeting scope 3 emissions reporting requirements

Alessia Falsarone, SASB FSA

TRANSITION RISK

2:55 Developing a roadmap for successful implementation and execution of transition plans

Session details 

  • Challenges transitioning to a low carbon economy
  • Need for regulation to drive transition to a low carbon economy
  • Transitioning areas heavily dependent on fossil fuels
  • Long and short terms impacts of transition on economic inequality
  • Leveraging data to provide transition pathway and drive transition
  • Use of forward looking metrics to asses transition readiness

Readie Callahan, Managing Director, Sustainable Finance and Advisory, Wells Fargo

3:30 Afternoon refreshment break and networking

PHYSICAL RISK

4:00 Understanding the relationship and ripple effect of physical risk across other areas of an organization

Session details 

  • Assessing the potential vulnerabilities of your portfolio to physical risk
  • Managing internal and external physical data
  • Location specific data challenges
    • Granularity, location and deep location
  • Identifying all physical assets owned by a company
  • Impact of compounding physical risks
  • Effectively using physical mapping
  • Viewing physical and transition risk in totality

David Carlin, Head of Climate Risk and TCFD, UNEP Finance Initiative

CLIMATE RISK IMPLEMENTATION

4:35 Implementing climate risk into day to day risk management and business decisions

Session details 

  • Driving implementation with compliance and regulatory focus
  • Realigning business perspective of climate risk
  • Internalizing climate as a function
  • Building internal climate risk capabilities
  • Firmwide risk identification assessment 

    • Christel Saab, Unit Chief, Environmental and Social Risk Management, Inter-American Development Bank

    EXTREME CLIMATE EVENTS

    5:10 Managing impact of extreme climate events on the banks portfolio and adjusting risk strategies

    Session details 

      • Preparing financial institutions for extreme weather events
      • Reviewing how the insurance industry are ahead of extreme climate events
      • Anticipating an increase in physical hazard events
      • Supply chain risk from extreme climate events
      • Internal investment to prepare for extreme climate events
      • Avoiding geopolitical concentration risks from extreme weather events

    • 5:45 Chair’s closing remarks
    5:55 End of day one and networking drinks reception

    8:00 Breakfast and refreshments

    8:50 Chair’s opening remarks

    NET ZERO – PANEL DISCUSSION

    9:00 Bridging the gap between making net zero commitment and building a robust transition plan

    Session details 

    • Transition requirements to meet net zero goals
    • Influence SEC climate rules will have on how net zero commitments are set
    • Shifting portfolio to stay aligned with net zero targets
    • Re-engineering banking lending policies
    • Ensuring future investment in green products
    • Assessing carbon budget in real time
    • Dynamic assessment of net zero trajectory
    • Political impact of managing differing commitment goals
    • Long and short terms impacts of meeting net zero goals

    Markus Lammer, COO, Ultra High Net Worth Business, Credit Suisse (TBC)
    Si-Yeon, former Chief Legal, Risk and ESG Officer, American Express Global Business Travel
    Hal Corin, Vice President Sustainability, Global Real Estate, JPMorgan Chase & Co.

    DECARBONIZATION

    9:45 Understanding the challenges and opportunities of decarbonizing your portfolios and the transference of carbon exposure

    Session details 

    • Leveraging data to decarbonize portfolios
    • Understanding why just divesting is not a solution to decarbonizing
    • Adhering to net zero targets when decarbonizing
    • Driving capital to a more sustainable business model when decarbonizing portfolios
    • Nature dependencies when offsetting carbon
    • Assessing the quality of the carbon offset
    • Review of decarbonization technologies

    Marina Severinovsky, Head of Sustainability, North America Schroders

    10:20 Morning refreshment break and networking

    FINANCED EMISSIONS

    10:50 Developing best practice for emission disclosure requirements and methodology

    Session details 

    • Understanding where increase emission reduction is being carried out
    • Managing limited data on emissions and financial flow
      • Anticipating varying emission computation
    • Providing emission reduction on a rolling basis
    • Managing strategic based risks
    • Disclosures under financed emissions
    • Maneuvering different methodologies used by different vendors
    • Expansion of scope 3 use under financed emissions
    • Modeling impact of emissions on different industries and geographies.

    Santosh Mishra, Head of Credit & Climate Modeling and Advanced Analytics, KeyBank

    BIODIVERSITY

    11:25 Understanding the complex relationship between climate and biodiversity

    Session details 

    • Biodiversity and deforestation risk as a component of climate
    • Reviewing all of the factors that come under biodiversity
    • Quantifying the impact companies have on biodiversity
    • Incorporating a biodiversity TNFD framework
    • Overcoming a lack of measurement clarity
    • Interconnectivity of biodiversity
    • Commercialization of biodiversity
    • Nature related impacts of biodiversity
    • Reviewing COP 15 outcomes on nature

    NATURE

    12:00 Incorporating nature related issues as part of a broader ESG framework

    Session details 

    • Viewing nature as a solution for climate
    • Leveraging nature as a tool to offset carbon
    • Using agriculture and sustainable forestry to offset carbon
    • Technological vs nature solutions to offsetting carbon
    • Creating the appropriate level of value for nature
    • Measuring nature and making it investible
    • Assessing portfolio dependency on nature

    12:35 Lunch break and networking


    DATA – PANEL DISCUSSION

    1:35 Reviewing how climate data has evolved and how it needs to continue to evolve to satisfy requirements

    Session details 

    • Regulation and SEC disclosure requirements on collecting and measuring data
    • Understanding how climate data integrates with the strategy of a bank
    • Distinction between physical and transition risk data
    • Obtaining consistent structured and unstructured data from across the organization
    • Overcoming different methodologies used by different providers
    • Conducting sufficient due diligence on third party providers

    Imtiaz Hussain, Managing Director and Deputy Chief Auditor, BNY Mellon
    Jayme Colosimo, ESG Investment Director, Capital Group

    WATER

    2:20 Increased assessment of water as a natural resource and a source of risk

    Session details 

    • Effectively pricing water as an asset
    • Impact of climate on water scarcity
    • Water scarcity mapping
    • Politicization around water control and where it originates from
    • Impact of water scarcity on supply chain
    • Reviewing the relationship between water, carbon and land use

    Eugene Karl Montoya Alessandri, Board Director, Climate Resilience Finance Lead, Waterfront Alliance (TBC)

    MODELING

    2:55 Reviewing the evolution of climate risk modeling and incorporating all climate risk dimensions

    Session details 

    • Modeling compounding climate risks
    • Incorporating qualitative and quantitative data
    • Lack of guidance from regulators
    • Importance of forward looking data for modeling
    • Building forward looking earnings forecast into pricing models
    • Navigating different modeling approaches

    3:30 Afternoon refreshment break and networking

    CREDIT RISK 

    4:00 Understanding the relationship between climate and credit risk and overcoming a lack of historical data

    Session details 

    • Quantifying climate and environmental risk into credit worthiness assessment
    • Assessing how climate can be a driver of credit risk
    • Introducing climate related metrics into credit processes
    • Factoring climate risk into your lending portfolio
    • Physical risk implications on lenders
    • Collaboration between climate and credit risk teams
    • Incorporating climate data into credit risk models

    SOCIAL RISK

    4:35 Reviewing how social risk and adverse impacts relate to climate change risk

    Session details 

    • Implications of transition risk on people
    • Offsetting climate catastrophe to protect people
    • Upskilling of existing employees to understand climate risk
    • Divergency of climate risk within senior management
      • Setting climate risk tone from the top
    • Attracting and maintaining climate related talent
    • Redeeming, divesting and investing in climate positive solutions
    • Internal co-ordination

    Olga Puntus, Executive Director, Global E&S Risk, JPMorgan Chase & Co

    5:10 Chair’s closing remarks

    5:20 End of Congress