Learning outcomes
Training Introduction
What is climate change and why is it important to the financial sector? Many people tend to treat extreme weather, heat waves, the rise of renewable energy, and melting ice caps as independent unrelated events. However, they are part of the larger phenomena of climate change and its responses. We therefore must start with a thorough understanding of what climate change really is. Not understanding climate change and its implications may mean that you fail to spot new trends that will impact your clients and the markets they operate in.
Climate change is emerging as a major corporate and financial issue. Climate change is not a ‘future problem’ anymore. Global climate change has already had observable effects on the environment. Effects that scientists had predicted in the past would result from global climate change are now occurring: loss of sea ice, accelerated sea level rise and longer, more intense heat waves.
Climate change creates risks in four different ways: regulatory risks (such as new legislation or carbon pricing), physical risks (such as extreme weather events or loss of productivity), technological risks (such as electric vehicles or renewable energy), and social risk (such as the anti-coal coalition). These risks extend to supply chains (upstream) as well as market changes (downstream).
Investors and regulators, such as central banks, are taking notice. They believe that climate change presents a new systemic risk that is not yet fully understood. They are therefore pressing for more transparency through the recommendations of the Task Force on Climate Related Financial Disclosures (TCFD). Financial institutions therefore must develop an understanding of what climate change means to them, which actions they can take, and how they can report on their activities.
Participants will learn about climate trends, current policy responses, how climate change impacts portfolios, how to close the data gap, work through case studies, learn how to quantify climate risk, and apply the Climate Risk Sensitivity/Impact Matrix to your own institution.
Key Takeaways
• Understanding of the “impact chains” of climate change on individual assets, portfolios and markets
• Understand the link between climate impacts and financial performance
• Learn how to compare different TCFD reports from similar companies in the same sector
• Learn how to engage with your clients on climate risk
Solving your problems
Understand how climate change impacts your clients. This course will help you understand how climate change creates both transition risks and physical risks.
How to close the data gap? This course will help you understand the data requirements for a climate risk analysis and identify sources for climate data.
How should I report on climate risks? This course will highlight current best-practices and build on the recommendations of the TCFD to provide guidance on future reporting requirements
Training Schedule
Day one
08:30 Registration, Welcome Tea, Coffee, Networking
09:00 Climate trends
11:00 Tea, Coffee, Networking
11:15 Policy responses
13:00 Luncheon
14:00 Climate disclosure trends: Task Force on Climate Related Financial Disclosures
15:00 Understanding Climate Risk to Investors
16:00 Tea, Coffee, Networking
16:15 Climate risk and operational risk
17:15 Climate change and credit risk
18:00 End of day 1
Day two
08:45 Tea, Coffee, Networking
09:00 Climate change impact on portfolios
11:00 Tea, Coffee, Networking
11:45 Solutions – what are the leading strategies and products for investors to consider
to manage their carbon risks? What are the pros and cons of these?12:30 Luncheon
13:30 Climate Risk Game
15:00 Tea, Coffee, Refreshments & Networking
15:15 Closing the climate data gap
16:00 Dilemmas
17:00 End of Day 2
Training Program
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Get to know the Expert Trainer
Gerhard’s career in climate finance spanned both the public and private sector, having worked in consulting in Washington DC, environmental markets on Wall Street, and for the Dutch government (Netherlands Enterprise Agency) to implement the Kyoto Protocol. In 2005 he set up the climate finance desk at ABN AMRO Bank and positioned the bank as one of the first global banks in the carbon market. In 2010 he joined Rabobank International to develop an electronic trading platform for environmental commodities such as carbon credits and renewable energy certificates. In 2010 he switched back to the public sector and joined a leading non-profit (IUCN) in the Netherlands. At IUCN he advised the Netherlands government on developing financial instruments to attract private sector climate finance. He co-founded Climate Risk Services (CRS) together with a non-profit, Climate Adaptation Services (a spin-out from the Dutch government). CRS combines climate data, financial knowledge and sector expertise to develop climate risk services to a range of public and private sector organisations. Some of their financial sector clients include leading banks, institutional investors and Sovereign Wealth Funds. Gerhard completed his MBA at Oxford in 2018 with distinction. He studied environmental economics and international affairs at Columbia University in New York, and Public Policy at the University of Amsterdam.
Who should attend?
• Investor Relations
• Risk Managers
• Strategy Managers
• Corporate Social Responsibility Managers
Our Media Partners
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Alternative Accomodation Options
Official Airline Partner
FAQ
The client has the right to cancel his/her registration in the event.
There is a 50% liability on all conference registrations once made, whether the booking was made through our website or via e–mail/ telephone/ fax.
If the client cancels with more than 8 weeks’s advance notice, GLC shall be entitled to an amount equivalent to 50% of the conference fee and 16 EUR administration charge. In case the client has already made his/her payment, this will be deducted from the conference fee GLC has already received and the remainder will be refunded. If no conference fee has been received prior to the cancellation request, GLC will issue an invoice for the cancellation fee (the amount equivalent to 50% of the conference fee and 16 EUR administration charge), which the client must pay immediately upon receipt. No refunds are available for cancellations received with 8 week’s (or less) advance notice or in case the client fails to attend the conference. In these cases, the full amount of the conference fee must be paid.
- Get the timing right.
Many people are afraid to request for training budget, because they can’t seem to find the “perfect time” to do it. Well, there’s no perfect time to ask for it, but there are definitely some moments that are better than others. For instance, if your boss is about to take a two week vacation, he/she might be in a good mood. If he/she just lost a major account, may not be wise at that juncture. - Make a case for yourself
When you ask for budget, you should be prepared with specific details and explanations about what is in it for the company and you’re superior. If you go into a meeting and just say, “I want to get budget for a conference,” it’s likely that your request won’t be taken seriously. If you want to plan ahead, then you should be prepared to explain the following points:
1. Start by stating your accomplishments
2. Show that you’re ready for more responsibility and eager to learn
3. Describe:
a) How this event will increase your productivity?
b) How you will need less supervision
c) How you can bring back the knowledge to the company
4. Follow up