Climate Risk USA agenda
Day Two | October 5
8:15-8:50
Registration and breakfast
8:50-9:00
Chairs opening remarks
Day two moderator: Stephen Skrobala, Banking and Capital Markets Director, SAP Fioneer
9:00-9:45
NET ZERO – PANEL DISCUSSION
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
9:45-10:20
SCOPE 3 EMISSIONS
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
10:20-10:50
Morning refreshment break and networking
10:50-11:25
DECARBONIZATION
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
11:25-12:10
BIODIVERSITY & NATURE – PANEL DISCUSSION
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
12:10-1:10
Lunch break and networking
1:10-1:55
DATA – PANEL DISCUSSION
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
1:55-2:30
WATER
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
2:30-3:00
Afternoon refreshment break and networking
3:00-3:35
SOCIAL RISK
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
3:35-4:10
CREDIT RISK
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
4:10-4:20
Chair’s closing remarks
4:20
End of Congress
