Climate change is increasingly on the agenda as a material risk, not just for the long-term but as a current issue. Global climate science continues to highlight observable changes in the climate, with increasing evidence of physical effects and accelerating impacts of the effort to transition to a low carbon economy.

Financial regulators are increasing regulatory requirements for transparency and disclosure of climate-related risks, particularly the ECB with the Guide to Climate-Related and Environmental Risks. Investors are increasingly demanding transparency of climate related risks,through the Task Force for Climate-Related Financial Disclosures (TCFD). The financial sector itself is also building momentum through collaborations like the Network for Greening the Financial System (NGFS). 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 gain an understanding of what climate risk is, how its material to financial institutions, approaches to evaluating climate risk exposure, regulatory responses and requirements, how to close the data gap, and strategies for managing climate risk. The course will be highly interactive with the use of case studies and breakout groups for deeper discussion and learning.

Learning Outcomes:

• Basic understanding of what climate change is and how it presents risk to financial institutions and operating companies
• Learn an approach to qualitative and quantitative evaluation of the materiality of climate risk for financial institutions and operating companies
• Understand recent and upcoming regulatory requirements relating to climate risk for Europe, including ECB Guide on Climate-Related and Environmental Risks
• Learn how the TCFD applies and how to compare TCFD reports within a sector
• Gain insight on what climate-related data or disclosure data is available, how to use it, and pitfalls to watch out for
• Understand best practice approaches and strategies for managing climate risk
• Learn how to engage with clients on climate risk

Who should attend? 

• Investor Relations
• Risk Managers
• Strategy Managers
• Corporate Social Responsibility Managers

Stephanie GnissiosCOO and Co-Founder, Climate Risk Services Amsterdam, Netherlands