Stephen Hsu SVP, Head of Model Risk Management Pacific Western Bank will be speaking at Advanced Model Risk 2024 | CeFPro Events

Climate Risk USA agenda

Day Two | October 5


Registration and breakfast


Chairs opening remarks

Day two moderator: Stephen Skrobala, Banking and Capital Markets Director, SAP Fioneer


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

  • 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, Chief Operational Officer, Ultra High Net Worth Business, Credit Suisse

Marie Clara Buellingen, Head of Sustainable Finance Americas, Societe Generale

Si-Yeon Kim, former Chief Legal, Risk and ESG Officer, American Express Global Business Travel


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

  • 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, Executive in Residence, Adjunct Faculty, Circular Economy and Sustainable Business, The University of Chicago


Morning refreshment break and networking


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

  • 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


Understanding the complex relationship between climate, biodiversity and nature related risk

  • 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
  • Commercialization and interconnectivity of biodiversity and nature
  • Viewing nature as a solution to climate
  • Incorporating nature related issues as part of a broader ESG Framework
  • Creating the appropriate level of value for nature
  • Reviewing COP 15 outcomes on nature
  • Technological vs nature solutions to offsetting carbon
  • Nature related impacts of biodiversity

Hervé Duteil, Chief Sustainability Officer, BNP Paribas, Americas

David Szmigielski, Director, Sustainable Finance & Advisory, Wells Fargo

Sarah Haley, Senior Manager, Deloitte Risk & Financial Advisory, Deloitte & Touche LLP

Frazer Lanier, SVP, Environmental and Social Risk Management, Citigroup


Lunch break and networking


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

  • 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

Jayme Colosimo, ESG Investment Director, Capital Group

Andrew Ford, Vice President, Head of Sustainable Insights Lab, Morgan Stanley

Grace Brennan, Senior Product Specialist, Clarity AI

Eugenie Schwob, Sustainability Risk Manager, BlackRock


Increased assessment of water as a critical natural resource and a source of risk

  • Extreme hydrology & the climate system
  • Emerging tools for temporal and spatial scarcity and inundation modeling and mapping
  • Effectively treating water as a unit of analysis for impact, dependency, and valuation purposes
  • Policy and social frictions around water sources, distribution, control and consumption
  • Design, technology and financial solutions with respect to water
  • Evolving role of water in climate action finance and nature action finance (i.e., blue finance expansion)

Eugene Karl Montoya, Board Director, WEDG Finance Lead, Waterfront Alliance


Afternoon refreshment break and networking


Reviewing how social risk and adverse impacts relate to climate change risk

  • 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, ED, Environmental & Social Risk, JPMorgan Chase & Co


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

  • 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

Huiqin (Grace) Duggar, SVP Head of Model Risk, China Construction Bank New York


Chair’s closing remarks


End of Congress