Twenty large investors have been working together with UNEP FI to develop state of the art methodologies to enable them to analyse their portfolios in line with the recommendations of the FSB’s Task Force on Climate-related Financial Disclosures (TCFD). The results of our latest pilot – following the release of twodetailing new methodologies piloted by banks last year – launched at Aviva’s headquarters in London on 10 May.
Financial institutions joined us to hear the experiences of investors from the pilot project and find out more about the tools that will help investors perform scenario analysis and calculate the risks and opportunities presented by climate change. This pilot focused on analysing equities, corporate bonds, and real estate portfolios.
Watch a recording of the event here:
13:00 Welcome & Opening Remarks
Angela Darlington, CEO of UK Insurance, Aviva
13:10 Keynote Address
Sarah Breeden, Executive Director, International Banks Supervision, Prudential Regulation Authority, Bank of England
13:20 Keynote Address – ‘The global impacts and risks of climate change’
Christopher Hope, Emeritus Reader in Policy Modelling, University of Cambridge
13:30 Official Launch of ‘Changing Course’ Report
Remco Fischer, Climate Change Lead, UNEP Finance Initiative
13:40 Highlights of ‘Changing Course’ Report
Vivid Economics; Presentation of Report Highlights
Carbon Delta; Details of the Pilot Methodology
14:20 Response to Report (Q&A)
14:30 Coffee Break
15:00 Demonstration of Carbon Delta/UNEP FI Investor Pilot Project Tool
Questions and Answers
15:30 High-Level Closing Panel: ‘Reflections on Climate Risks and Investment’
Sasja Beslik, Nordea Group Head of Sustainability
Steve Waygood, Chief Responsible Investment Officer, Aviva
Margaret Kuhlow, Finance Practice Lead, World Wildlife Fund
Willemijn Verdegaal, Co-Head Climate and ESG Solutions, Ortec Finance
Moderator: Elodie Feller, Programme Lead, Investment, UNEP FI
16:20 Closing & Reception
Ed Baker, Senior Policy Advisor, Principles for Responsible Investment
Slides of the event are available here.
Please email Jesica Andrews with any inquiries about the event.