ESG Europe 2022

DEVELOPING ESG BEST PRACTICE AND METHODOLOGY TO EFFECTIVELY MANAGE RISK

ESG EUROPE

27-28 April, 2022 | London

ESG REGULATION

Managing uncertainty on future of ESG regulation and understanding what compliance might look like

STRESS TESTING

Developing best practices to effectively carry out climate stress testing

GREENWASHING

Ensuring best practice to mitigate the risk of greenwashing

CLIMATE RISK

Quantifying the impacts of climate risk on financial institutions and building capabilities internally

BIODIVERSITY

Managing complexity of biodiversity risks, considerations and reporting impacts

DATA

Data availability, quality and coverage limitations

DISCLOSURE

Managing best practice in disclosure requirements

TAXONOMY

Creating a unified taxonomy and definition of all elements for industry standardization

Jean-Xavier Hecker
Co-Head of ESG & Sustainability Research
J.P. Morgan

Maria Lombardo
Head of ESG Advisory Sustainable Finance
Standard Chartered Bank

Tarek Hasan
Director, ESG, Global Corporate and Investment Banking EMEA
MUFG

Sophie Dupre-Echeverria
Chief Risk Officer
Gulf International Bank

Simon Gadd
Group Climate Change Director
Legal & General

Benjamin Westwood
Senior Manager, Stress Testing Strategy Division
Bank of England

Evgeny Tyurin
Head of ESG Finance
Deutsche Bank AG

Sanghamitra Karra
Managing Director, EMEA Head of Multicultural Client Strategy
Morgan Stanley

CAN YOUR ORGANIZATION CONTRIBUTE?

Please contact the Center for Financial Professionals today to discuss how we can deliver your thought-leadership at the event, help you generate leads, and provide you with unique networking and branding opportunities. For more information on what we can offer, please contact chris.simou@cefpro.com or call us on +44 (0) 20 7164 6582 where a member of the team will be happy to tailor the right package for you.

8:00 Registration and breakfast

8:50 Chair’s opening remarks

ESG REGULATION

9:00 Managing uncertainty on future of ESG regulation and understanding what compliance might look like

Session details

Evolution of scenario analysis as market conditions change
SFDR (sustainable finance disclosure regulation) classification of products
- Communicating characteristics and sustainability risks to investment decision making
- Developing taxonomy beyond climate
- Gaining clarity around disclosure requirements for types of indicators
Reporting disclosures against prescribed ESG metrics
Managing the myriad of legislation for global financial institutions
Understanding the impact of Article 8 and Article 9 on companies
Ensuring consistency in message from regulators
- Avoiding competing priorities for global institutions

Jean-Xavier Hecker, Co-Head of ESG & Sustainability Research, J.P. Morgan

STRESS TESTING

09:40 Developing best practices to effectively carry out climate stress testing

Session details

Fulfilling regulatory CBES (climate biennial exploratory scenario) stress testing requirements
Quantifying financial impact as hypothetical scenarios on 30 year fixed basis
Building out modelling and data requirements
Reviewing potential impairment losses when financing customers
Model and data limitation forecasting 30 year horizons
Modeling physical and transitional risks
Procedural challenges running processes
Analytical challenge of ensuring comparability and consistency

Benjamin Westwood, Senior Manager, Stress Testing Strategy Division, Bank of England

10:25 Morning refreshment break and networking

CLIMATE RISK – PANEL DISCUSSION

10:50 Quantifying the impacts of climate risk on financial institutions and building capabilities internally

Session details

Reviewing the loss potential for vulnerabilities to climate risks
Modeling climate risk and understanding physical and transition risks
How climate risks look to shape the future of financial services
Measuring footprint, risk and impacts to take action
- Leveraging information to make investment decisions
Reviewing how financial institutions can contribute to the fight against climate change
Developing long term resilience to severe weather and extreme events
Determining appetite for climate risk

Nigel Milbank, Climate Programme – Senior Manager, Natwest
Simon Gadd, Group Climate Change Director, Legal & General

CLIMATE RISK REGULATION

11:40 Preparing for the upcoming implementation of climate risk regulation

Session details

Quantifying physical and transition risk impacts
SS319 requirements for climate financial risk management
Implementing engagement from the board
Developing governance and embedding practices
Embedding climate risk as part of enterprise risk management framework
PRA CEO letter requirements to fully embed climate financial risk management
Understanding potential losses associated with climate impacts

12:20 Lunch refreshment break and networking

GREENWASHING

1:20 Ensuring best practice to mitigate the risk of greenwashing

Session details

Requirement across jurisdictions
Managing reputation risks of perception of greenwashing
Aligning standards of labelling to align across products
Avoiding and mitigating the risk of greenwashing
Collect reliable data for science companies
Verifying data submitted for validation
Defining terminology of what ‘green’ means
- Identifying treatment for investments and labelling
Validating data to avoid risk of greenwashing

Tarek Hasan, Director, ESG, Global Corporate and Investment Banking EMEA, MUFG

GREENWASHING – PANEL DISCUSSION

2:00 Ensuring best practice to mitigate the risk of greenwashing

Session details

Requirement across jurisdictions
Managing reputation risks of perception of greenwashing
Aligning standards of labelling to align across products
Avoiding and mitigating the risk of greenwashing
Collect reliable data for science companies
Verifying data submitted for validation
Defining terminology of what ‘green’ means
- Identifying treatment for investments and labelling
Validating data to avoid risk of greenwashing

Maria Lombardo, Head of ESG Advisory Sustainable Finance, Standard Chartered Bank
Tarek Hasan, Director, ESG, Global Corporate and Investment Banking EMEA, MUFG

BIODIVERSITY

2:50 Managing complexity of biodiversity risks, considerations and reporting impacts

Session details

Measuring impact of climate risk of biodiversity
Developing measurement techniques for portfolios and investment products
Opportunities for solutions to biodiversity challenges using technology
Central banks review of biodiversity as a systemic risk
Task Force for Nature Related Financial Disclosures view of financial risk
Disclosures based on transition and physical risks
- Incorporating nature degradation and biodiversity loss
Alignment of investors with biodiversity targets

3:30 Afternoon refreshment break and networking

DISCLOSURES

4:00 Managing best practice in disclosure requirements

Session details

Using relevant data to manage accurate disclosures
Using disclosures to accurately inform investment decisions
Aligning and disclosing based on transitional and physical risks linked to nature degradation and biodiversity loss
Developing detailed disclosures on the key performance metrics
Disclosure requirements for the classification of funds or sustainable investments
Managing the impact the Sustainable Finance Action Plan will have on reporting disclosures
Understanding how disclosure requirements will help support transparency
Reviewing scenarios for TCFD implementation and developments
Managing requirements across different jurisdictions and taxonomies
Managing GHG emission reporting in its infancy
- The difficulty of reporting from scope one to scope three
Reviewing a proposal for global regulation of sustainability reporting from ISSB
How far will ISSB take over EU taxonomy

Senior Management, Bank of China

TAXONOMY

4:40 Creating a unified taxonomy and definition of all elements for industry standardization

Session details

Developing a standardized description of ESG
Consistency to explain to customers
- Comparing funds and products
Incorporating taxonomy beyond and climate risks
Incorporating sustainability into taxonomy and understanding
Sharing taxonomies across jurisdictions
- Getting accurate data across supply chains
Developing standardized data frameworks
Aligning sustainable objectives and disclosure requirements more to disclosures
Categorizing and defining products across the industry
Managing competing reporting standards

Peter Munro, Head of Investor Relations, European Investment Bank (EIB)

5:20 Chair’s closing remarks

5:30 End of Day One and networking drinks reception

8:00 Registration and breakfast

8:50 Chair’s opening remarks

ESG RISK MANAGEMENT PRACTICES – PANEL DISCUSSION

9:00 Maturing methodologies across the industry and measuring ESG across risk siloes

Session details

Portfolio analysis to measure risk
Testing models with limited data capabilities
Using stress testing and portfolio analysis as a tool for decision making
Model challenges with assumptions and judgements overlayed
Enhancing scenario analysis capabilities for decision making
Reviewing technology opportunities
- Supporting infrastructure build out development

Maya Hennerkes, ESG Sector Lead, Financial Intermediaries, European Bank for Reconstruction and Development (EBRD)
Andrew Newton, Executive Director, Risk Management Department, Sumitomo Mitsui Banking Corporation (tbc)

DATA PROVIDERS

9:40 Accurately measuring and managing the risk of data providers

Session details

Determining underlying accuracy of third party data for investment decisioning
- Standardization of ESG providers methodologies and scrutiny
Managing geolocation risk of data providers
Increased regulatory scrutiny on ESG data providers
Competition between data providers
Incorporating ESMA’s regulation on better aligning data providers
Integration of data providers into your risk management process, metrics, net zero commitments etc.
Variance in ratings approaches

10:20 Morning refreshment break and networking

RATINGS

10:50 Measuring and embedding accurate ratings into strategy

Session details

Broad spectrum of variability with ESG
Qualitative assessment changes to traditional credit ratings
Varying methodologies in rating agencies
Regulation of ESG data providers and ratings agencies
- Aligning methodologies

BUSINESS STRATEGY

11:40 Fully integrating ESG into strategic business decisions and positioning it at the centre of the strategy

Session details

Rationalizing business decisions with monetary impact now with long term sustainability goals
Planning strategy accounting for changes brought on with ESG agendas
Understanding the needs of the customer to update products
Managing competing priorities across E, S and G
Incorporating forward looking opportunities for regulation and ESG concepts
Leveraging stress testing and scenario analysis as a toll beyond compliance

Evgeny Tyurin, Head of ESG Finance, Deutsche Bank AG

12:20 Lunch break and networking

DATA – PANEL DISCUSSION

1:20 Data availability, quality and coverage limitations

Session details

Managing dependence on data for disclosures
Developing consistency in calculations for metrics
- Consistency and availability of data to feed calculations
Reliance on external data to report on
Monitoring data across industries for a single view
- Narrowing scope to then review individual organizations
- Developing sector proxies to enhance understanding
Bringing the right data into one consistency space
Aligning methodologies for transformation of data
Coordinating efforts across the industry
Leveraging external third party data to run models and estimate losses
Ensuring accessibility and comparability of data across organizations
Determining underlying accuracy of third party data for investment decisioning
- Standardization of ESG providers methodologies and scrutiny
Forward looking data
- View of latent risks materializing in the future for physical and transition risks
- Incorporating into long term strategy
- Leveraging across supply chains for diversification
Leveraging data in risk management processes and metrics

Maciej Lewandowski, Head of Risk Poland, NatWest Group
Jakub Piorkowski, Climate Change Net Zero Lead, Credit Suisse

NET ZERO TARGETS AND TRANSITION PLANS

2:10 Developing efficient ways to reach net zero targets and managing transition risk

Session details

Verifying and validating targets
Compliance with net zero without greenwashing
Understanding transition risks moving towards net zero
- Social considerations and impact to consumers
Reviewing outcome of COP26
Defining roles and responsibilities across organizations
Requirements for net zero aligned funds

Sanghamitra Karra, Managing Director, EMEA Head of Multicultural Client Strategy, Morgan Stanley

2:50 Afternoon refreshment break and networking

ALIGNING SOCIAL CONSIDERATIONS

3:20 Reviewing diversity and inclusion agendas and progress across the industry

Session details

Understanding social repercussions of decisions
Exit strategies for certain sectors
- Impact to employment
- Global repercussions with certain industries
Developing medium and long term strategies and considering alignment of environment and social impacts
Social risks of the climate transition
- Ensuring equal opportunities with change
Identifying investor priorities and gathering data
Impact of Covid-19 on organizations and employees

Sophie Dupre-Echeverria, Chief Risk Officer, Gulf International Bank

STAKEHOLDERS AND BOARD ENGAGEMENT

4:00 Defining accountability and ownership of ESG programs driving tone from the top

Session details

Demonstrating compliance to stakeholders
Measuring and understanding exposure
Engaging stakeholders with an open dialogue
Ensuring visibility to the board and management
Incorporating ESG committee within the board
- Business, risk, compliance and audit view
Introduction of chief sustainability officers
Program management and accountability at c-suite level
What should an ESG function look like?
Aligning strategy and business model with global climate risk targets

Floske Kusse, Stakeholder Engagement Lead, ING

4:40 Chair’s closing remarks

4:50 End of Summit

Sophie Dupre-Echeverria
Chief Risk Officer
Gulf International Bank

Biography

Sophie is the Chief Risk and Compliance Officer of Gulf International Bank (UK) Limited. She is responsible for driving an effective risk culture throughout the company, designing the risk and compliance frameworks and overseeing risk management and regulatory compliance practices. Sophie joined GIB UK with extensive experience in the field, having previously served as Executive Director for Compliance and Operational Risk Control at UBS Asset Management. Before this, she was Global Head of Operational Risk at Barings, and non-Executive Director of the Baring-Coller Secondaries Fund. Sophie was also an Operational Risk Manager and the Group Head of Investment Risk Framework at Schroders.

Sophie graduated from Université Lumière Lyon 2 with a Master’s degree in Economics and Finance. She is a member of the Chartered Institute for Securities & Investment.

Simon Gadd
Group Climate Change Director
Legal & General

Biography

As Group Climate Change Director Simon chairs the Group Environment Committee, which oversees and coordinates all the environment related activity across the group, including both managing the risks form climate change and exploring the opportunities created by the transition of the global economy to net zero.

Simon was Group CRO from 2013 to 2021 during which he headed risk oversight for all risk types within the L&G risk framework, including prudential, operational and conduct risks, across both UK and overseas operations. He is a qualified actuary and has a mathematics degree from Oxford University.

Tarek Hasan
Director, ESG, Global Corporate and Investment Banking EMEA
MUFG

Biography

Tarek is speaking at ESG Europe 2022.

Jean-Xavier Hecker
Co-Head of ESG & Sustainability Research
J.P. Morgan

Biography

Jean-Xavier has spent his entire career in the field of sustainable finance, starting as a Corporate Governance analyst at Mirova (Natixis AM). In 2014, he joined Natixis CIB as a sell-side SRI / ESG analyst in London. Most recently, he was an ESG analyst at Exane BNP Paribas, where he oversaw environmental and climate related research. Since Feb 2020, Jean-Xavier serves as Co-Head of ESG & Sustainability Research within J.P. Morgan EMEA Equity Research team. He was ranked #2 among “All Investment Individuals – SRI & Sustainability” in Extel 2019. Since 2019, he is also a visiting professor of Sustainable Finance at HEC Paris.

Maya Hennerkes
ESG Sector Lead, Financial Intermediaries
European Bank for Reconstruction and Development (EBRD)

Biography

Maya Hennerkes leads the ESG work of the European Bank for Reconstruction and Development (EBRD) with financial institutions and private equity funds. She promotes the integration of environmental and social risks and opportunities including climate risks in investment decisions and investment management. Maya designs and supervises environmental and social risk management and safeguard frameworks for a portfolio of over EUR 4bn new approvals per year. She also runs EBRD’s ESG training programme for financial institutions and private equity funds. Maya is a sustainable finance expert with over 15 years of experience, with previous positions at the Inter-American Development Bank Group in Washington DC and Bloomberg L.P. in London. She is a member of the Club of Rome’s Think Tank 30 and serves on the Advisory Board of SustainableFinance.Live. Maya studied economics, political science and Latin America studies in Germany and Spain and holds an Executive Masters in Public Management from the Hertie School of Governance in Berlin.

Sanghamitra Karra
Managing Director, EMEA Head of Multicultural Client Strategy
Morgan Stanley

Biography

Sanghamitra Karra is currently the EMEA Head of Multicultural Client Strategy leading the efforts on establishing the Multicultural Innovation Lab in EMEA and the efforts on Sustainability Strategy in the region.

She is a member of the Race to Action Group

Sanghamitra joined Morgan Stanley in 2007 , holding a variety of roles in Stress Testing and Scenario Analysis including for Climate Risk, Enterprise Risk Management coverage for Investment Management and Market Risk Methodology in Mumbai and London prior to the current role.

Sanghamitra has a Masters degree in statistics graduating from Indian Statistical Institute and enjoys reading and travelling. She is currently pursing a Masters in Climate Change and Development from SOAS, University of London.

Floske Kusse
Stakeholder Engagement Lead
ING

Biography

Floske is speaking at ESG Europe 2022.

Maciej Lewandowski
Head of Poland Risk
NatWest Group

Biography

Maciej is a seasoned banking professional with 20+ years of experience ranging from financial control, credit risk management to corporate banking, derivatives and fixed income, combined with experience of regulatory topics and passion for tackling the climate transformation.

He joined NatWest Markets in June 2020 where he’s primarily responsible for setting up and managing risk hub to support investment banking of NatWest Group.

Before (since June 2014) he worked in ECB Banking Supervision (aka Single Supervision Mechanism – SSM) as Head of Section & Joint Supervisory Team (JST) Coordinator, responsible for consolidated supervision one of the largest banks in the Netherlands. As JST Coordinator, he led risk identification and implementation of risk-based and forward-looking Supervisory Examination Program. He took part in the start-up phase that included recruitment as well as fine-tuning of tools and processes.
Prior to the ECB, Maciej worked in various roles in a number of banks: PKO Bank Polski 2008-2014 (Head of Credit Risk Assessment Department, member of Bank’s Credit Committee, Advisor to CEO), HSBC 2008 (Head of Structured Finance) and Citi in Poland and Hungary 1996-2008 (Debt Capital Markets, Derivatives Sales, Financial Control).
Maciej has graduated from Warsaw School of Economics and holds a Master Degree in Banking and Finance. He is a speaker and panelist at conferences on risk and regulatory outlook topics.

Maria Lombardo
Head of ESG Advisory Sustainable Finance
Standard Chartered Bank

Biography

Maria heads the ESG Advisory team Sustainable Finance at Standard Chartered Bank, supporting clients across the spectrum of their ESG and Sustainability requirements. Maria joined from Invesco Global Asset Management where she headed the ESG Client strategies in EMEA leading the growth of sustainability investment solutions and the set-up of the global asset manager’s climate strategy. She developed her sustainability career with CDP as global head of their investor members. Prior to that, Maria spent more than 25 years in investment banking as Managing Director, heading emerging market equities sales at UniCredit, and held previous roles at Lazard, UBS and Sberbank.

Authors of ESG thought leadership whitepapers, mentor, and contributor to industry initiatives in sustainable financing. Maria holds a CFA ESG, a diploma at Cambridge University Sustainability Leadership Institute, along with a CEMS Master and a bachelor’s degree in financial intermediaries at Bocconi University.

LinkedIn: https://www.linkedin.com/in/maria-lombardo/

Nigel Milbank
Climate Programme – Senior Manager
NatWest

Biography

Nigel Milbank is a Cambridge University graduate and Chartered Accountant having trained with Arthur Andersen and Deloitte. Nigel has held audit positions in Schroders and Credit Suisse as an Audit Director, following which he helped set up the Operational risk function and Product Control global assurance at Credit Suisse.

Nigel was Director of Enterprise and Operational Risk at Santander UK from 2006 to 2011 and joined RBS in 2012 to run the Group ICAAP function. He has held various stress testing delivery and improvement roles at RBS/ Natwest Group and since 2020 has been Programme Manager on the Climate Programme building climate stress capability and embedding climate financial risk management.

Peter Munro
Head of Investor Relations
European Investment Bank (EIB)

Biography

Peter is speaking at ESG Europe 2022.

Andrew Newton
Executive Director, Risk Management Department
Sumitomo Mitsui Banking Corporation (tbc)

Biography

Andrew is speaking at ESG Europe 2022.

Jakub Piorkowski
Climate Change Net Zero Lead
Credit Suisse

Biography

Jakub is speaking at ESG Europe 2022.

Evgeny Tyurin
Head of ESG Finance
Deutsche Bank AG

Biography

Evgeny Tyurin is Head of Corporate Bank Financial Planning & Analysis and ESG Finance at Deutsche Bank. In this role he is responsible for sustainable finance reporting implementation across DB in view of upcoming regulatory requirements and on the back of DB’s own ESG volume targets. In addition to that, he manages the end-to-end financial planning process within Corporate Bank and oversees the delivery of its financial targets throughout the year. Evgeny joined Deutsche Bank in 2011 and worked in a variety of functions including Treasury and CFO office since then.

Benjamin Westwood
Senior Manager, Stress Testing Strategy Division
Bank of England

Biography

I joined the Bank of England in 2004 having completed an MSc. in Economics. Since then, I have worked in a variety of areas within the Bank, largely with a macroeconomic focus. I joined the Bank’s Stress Testing Strategy Division in 2015 and have been responsible for several of the Bank’s stress test publications. I led the design and running of the Bank’s 2019 Liquidity focussed exploratory scenario exercise and I am currently managing the production of the 2021 climate-risk focussed stress exercise.

WHY SHOULD YOU ATTEND A CEFPRO CONFERENCE?
HEAR FROM PAST ATTENDEES AND SPEAKERS…

PANEL DISCUSSIONS

Interactive panel discussions are designed to include attendees by running a live Q&A throughout the session

PRESENTATIONS

Hear industry experts provide detailed insights on a range of vendor risk issues, challenges and opportunities

NETWORKING BREAKS

Networking opportunities including breakfast, lunch and refreshment breaks on both days, access to all streams and sessions.

MEET THE SPEAKERS

Continue discussions beyond the auditorium and interact with speakers and attendees after their session.

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