Webinar: Carbon Asset Risk

26, 27 and 28 August 2015 | Webinar

These webinars will explore how financial institutions can measure and manage exposure to carbon asset risk. The webinars will coincide with the public release of the Carbon Asset Risk Discussion Framework, a highly-anticipated resource for financial institutions. The exact timings for this second set of webinars are as follows:

  • August 26, 2015 at 10am Eastern Time (US)/4 PM CET – Register here.
  • August 27, 2015 at 7 PM Eastern Time (US)/4 pm Pacific Time (US)
    /August 28, 2015 at 9 AM Australia Eastern Time – Register here.

Climate change is quickly altering the landscape of risks that companies and their financial institutions face. Beyond the physical risks associated with changing weather patterns, climate change poses risks related to non-physical factors:

  • Changing public policy and private sector regulation
  • Rapidly evolving technologies
  • Unpredictable economic markets
  • Shifting public opinion

When these risks are transferred to financial institutions, this is called Carbon Asset Risk. Understanding how carbon asset risks will affect the financial sector can help financial institutions to more smoothly and effectively transition to the low-carbon economy.

Webinar objectives

  • Provide finance and investment professionals with a platform to learn about the latest research and thinking on the integration of carbon risk into financial and investment analysis
  • Generate dialogue and create shared understanding on approaches to manage carbon risk

Presentation: WRI-UNEP FI Carbon Asset Risk Discussion Framework

Speakers

  • Chris Weber, Portfolio Carbon Initiative Coordinator, WRI/UNEP FI/2° Investing Initiative
  • Mark Fulton, Founder, Energy Transition Advisors and consultant to the World Resources Institute on the framework
  • Marisa Buchanan, Vice President, Sustainable Finance at JPMorgan Chase & Co. and technical working group chair

Commentators

  • Karsten Löffler, Managing Director at Allianz Climate Solutions GmbH and Chair of UNEPFI’s Climate Change Advisory Group (CCAG)
    August 26 webinar only
  • Rosemary Bissett, Head of Sustainability Governance & Risk at National Australia Bank
    August 27/28 webinar only

The World Resources Institute and UNEP Finance Initiative have led a two-year, multi-stakeholder process to develop a discussion framework to help financial institutions and investors in their efforts to identify, assess, and manage carbon asset risk. Mark and Marisa will provide a brief overview of the framework and discuss some of the key takeaways.

Speakers

Mark Fulton, Founder, Energy Transition Advisors Mark is the Founding Partner of Energy Transition Advisors, a new consultancy started in 2014. He is a consultant to the World Resources Institute on the Framework. Mark Fulton has had 35 years of experience in financial markets spanning three continents in London, New York and Sydney. As a recognized economist and market strategist at leading financial institutions including Citigroup, Salomon Bros and County NatWest, he has researched international economies, currencies, fixed income and equity markets. Mark has also held corporate strategy, finance and management roles. Mark has a BA in Philosophy & Economics from Oxford University. Marisa Buchanan, Vice President, Sustainable Finance Marisa joined JPMorgan Chase & Co. in 2012 as a Vice President in the Sustainable Finance group. She plays an integral role in the group’s efforts to develop environmental guidance for the business, engage with clients to manage environmental and social risks and strengthen performance, identify and develop environmentally-focused opportunities, and maintain ongoing dialogue with a wide range of stakeholders including environmental organizations and investors. Marisa has over 14 years of experience working on environmental and energy issues in the private and nonprofit sectors. Marisa received a B.A. from Wellesley College and a M.P.A. from Columbia University’s School of International and Public Affairs. Chris Weber, Portfolio Carbon Initiative Coordinator, WRI/UNEP FI/2° Investing Initiative Christopher Weber is a consulting researcher at the World Resources Institute (WRI), UNEP Finance Initiative and 2° Investing Initiative, where he conducts research and develops guidance on climate-related metrics for the financial and other sectors. Previously Dr. Weber conducted research for the IDA Science and Technology Policy Institute, where he advised Federal science & technology agencies including the White House Office of Science and Technology Policy (OSTP) on energy, climate, and innovation issues. Christopher has a PhD in Engineering and Public Policy and MS from Carnegie Mellon University and a BS from the University of Iowa. Karsten Löffler, Managing Director at Allianz Climate Solutions GmbH and Chair of UNEPFI’s Climate Change Advisory Group (CCAG) He is responsible for integrating relevant climate change considerations into the Allianz core business and has 20+ years of experience in finance, low-carbon energy and insurance-related product development. He is involved in / as

  • UNEP Finance Initiative: Chair of the Climate Change Advisory Group; member of the Investment Commission;
  • ClimateWise’s Managing Committee (a global collaborative insurance initiative on climate change);
  • Geneva Association’s Extreme Events and Climate Risks Working Group;
  • Private sector observer to the Pilot Program for Climate Resilience of the Climate Investment Funds.

Moreover, Karsten is member of the supervisory board of Oikocredit U.A., The Netherlands, a development cooperative that provides funding to the microfinance sector, trade cooperatives, fair trade organisations and SMEs. He earned his Diploma in Business Administration at the University of Göttingen, Germany. He is a Certified International Investment Analyst (CIIA). Rosemary Bissett, Head of Sustainability Governance & Risk, National Australia Bank Rosemary Bissett’s role at NAB involves environmental and climate change-related strategy and reporting and the integration of environmental, social and governance (ESG) risks into risk frameworks. Her expertise includes an understanding of emerging global climate change legislation, as well as natural capital value. Previous to her time at NAB, Rosemary spent two years at the Sustainable Energy Authority Victoria, as Board Secretary and part of the Executive team. She also worked in the water industry for ten years in areas including sustainability strategy, environment, trade waste management, cleaner production, customer and community education. Rosemary is currently a member of several not-for profit Boards including the Moreland Energy Foundation. She is also a board member of Sustainable Business Australia (an Australian network member to the World Business Council for Sustainable Development) and member of the Melbourne Sustainable Society Institute Advisory Board.