Central bank action on climate risk & the energy transition- G20 investor update
How will investors respond to green fiscal policy and a new wave of central bank action on climate targets? Join us to find out.
Following the G20 Osaka Summit, RI is bringing together global central banking leaders to consider how ESG and climate risk integration into central banking and monetary policy across G20 member states could influence the investment decision-making of global investors.
As fiscal policy makers and macroprudential regulators within the Network for Greening the Financial System get down to business, investors are waking up to the potential for climate-aligned monetary policy that could nudge economies towards alignment with the 2 degree targets committed to in the Paris Agreement.
From the integration of climate risk management into the work of supervisory authorities to the incorporation of sustainability criteria into central banks’ portfolio management functions for the world’s largest treasuries, many G20 central banks are moving faster than the investment community. This webinar is a chance for the global investment community to better understand what’s in store and to discuss investor responses to the greening of central bank balance sheets.
Henner Asche, Deputy Director General Markets, Deutsche Bundesbank
Richard Lacaille, Global Chief Investment Officer, State Street Global Advisors
Sini Matikainen, Senior Analyst, Bank of England
Moderator: Dr. Paola D’Orazio, Chair of Macroeconomics, Faculty of Economics and Management, Ruhr-Universität Bochum
RecordedJul 1 201961 mins
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Discussions for mandatory climate disclosure are taking momentum. IMF’s latest report recommends developing global mandatory disclosures on material climate change risks as “an important step to sustain financial stability”. In the US, financial regulators are also facing increasing pressure from investors.
However, despite the significant traction garnered by the TCFD, the nature of climate risk assessment differs greatly depending on the sector and asset class. Real assets investment, particularly, is still seeking best practice in assessing climate-related risk exposure.
This webinar will explore a case of climate-related risk analysis in real assets, asking questions:
- What metrics can be used to assess exposure to different climate-related risks?
- How could probability and severity of the physical risk be determined?
- What are the implications of mitigation and transition activities upon projecting physical risks?
- How to determine material threats?
Tune in and join the discussion through Q&A.
Joseph Lake, COO, The Climate Service
Abigail Dean, Head of Sustainability, Nuveen Real Estate
Greg Lowe, Global Head of Resilience and Sustainability, Aon
Responsible Investor in partnership with Credit Suisse and Ocean Unite
In recognition of UN World Oceans Day 2020, we are delighted to invite you to join us for a webinar ‘Investing in innovation and blue nature’. The webinar, co-hosted by Credit Suisse, Ocean Unite, Responsible Investor and the EU Commissioner for Environment, Oceans and Fisheries will explore the initiatives supporting the ambition of protecting 30% of the Ocean by 2030. Themes discussed will include: the science behind regenerating marine biodiversity, how to reduce financial risk from degrading ocean health and build resilience to change, and the critical involvement of the financial and investor communities to achieve results.
Virginijus Sinkevicius - EU Commissioner for Environment, Oceans
Responsible Investor in partnership with Carbon Tracker Initiative
Powering Down Coal & Gas: an RI webinar presenting Carbon Tracker’s Spring 2020 updates of their global 'Powering Down Coal' report and a preview of their analysis on the gas power utilities..
One expert speaker, a specialist moderator, and your questions answered!
Heading into COP26, Carbon Tracker is releasing a series of updates on their Powering Down Coal report alongside new analysis on unabated gas in the global energy system and associated stranded assets risk. The coal research reviews the nominal and relative competitiveness of coal power generation, as well as the cost to replace and retire coal-fired capacity globally. The updates draw on data and analytics from Carbon Tracker’s Global Coal Power Economics Model (GPEM), a techno-economic simulation model which tracks ~95% of operating, under-construction and planned coal capacity at boiler-level.
A G20 country case study on the phase-out of unabated gas by 2050 will be discussed alongside updates on Carbon Tracker's research schedule on stranded assets risks in global gas markets.
Carbon Tracker will examine the headline data from these updates and consider implications for global energy investors through the 2020s.
It will allow ample time for moderator and listener Q&A.
Join the debate on the future of energy investing.
Speaker: Matt Gray, Managing Director, Co-head of Power & Utilities, Carbon Tracker
Moderator: Hugh Wheelan, Joint Managing Director and Co-founder, Responsible Investor
A US ESG disclosure bill introduced last September proposed that the SEC adopt rules defining ESG metrics for companies. It caused quite a stir. Critics said it would force the “SEC to do the impossible” (Responsible Investor, Jan 16, 2020: https://www.responsible-investor.com/articles/us-esg-disclosure-bill-inches-through-congress-but-faces-senate-hurdle).
But the bill is part of a fast-moving regulatory shift to push companies and investors to disclose ESG data so that markets and policymakers can evaluate the implications of tightening rules on economic/societal externalities. The EU Sustainable Finance Action Plan and the G20-backed Taskforce on Climate Related Financial Disclosure (TCFD) are just two large-scale examples of this.
At the same time, investors are looking for the ESG datasets that will help them manage risk and reward within this changing environment.
In this webcast, Responsible Investor, joined by FactSet and SASB, will explore the question of defining ESG materiality in terms of what is required for reporting and what is valid for different elements of investment strategy.
Register to learn more about:
ESG reporting standards: What’s the ask? In which jurisdictions? What are the reporting challenges?
Defining ESG metrics for durable investment risk and performance use.
How can companies, investors, regulators, and vendors help define a sensible and sustainable path forward for ESG information?
Ali Van Nes, Senior Vice President, Senior Director, Regulatory Solutions, FactSet
Jeff Cohen, Institutional Product Strategist, SASB
Milla Craig, Founder & President, Millani Inc and Board Member, RIA Canada
Moderator: Sae Imamura, Events Leader, Responsible Investor
Date and Time
Wednesday, May 20th
12:00 EDT / 17:00 BST
Responsible Investor is proud to present a new webinar series dedicated to the investment implications of the European Commission’s Sustainable Finance Action Plan. The webinar series is intended to fill the knowledge gap in financial markets with updates about the Action Plan and the European Green Deal proposed in the late 2019. Through the series of three webinars, Responsible Investor will look at the practical implications for investors and examine how green/sustainable finance policy in Europe will impact decision-making of global investors.
May 2020 marks two year since the European Commission launched the EU Action Plan for Financing Sustainable Growth. This second webinar of the EU Action Plan webinar series will explore the EU’s major works around green and sustainable benchmarks, including Climate Transition Benchmarks, Paris-Aligned Benchmarks and ESG disclosure for all investment indices.
Sara Lovisolo, Group Sustainability Manager at London Stock Exchange Group, and Member at EU Technical Expert Group on Sustainable Finance
Responsible Investor in partnership with Carbon Tracker Initiative
The Energy Transition: the knowns & unknowns: A Responsible Investor webinar presenting Carbon Tracker’s follow up to the 2019 report ‘Speed of the Energy Transition’ by the World Economic Forum Global Future Council
One expert speaker, a specialist moderator, and your questions answered!
This webinar will present and examine the areas of relative certainty in the energy transition, driven largely by technological development and market forces. These trends are driving continuing declines in the cost of renewable energy and leading to tipping points in those areas where demand for fossil fuel energy is peaking.
A second focus of the webinar will be on more complex uncertainty, mostly relating to questions of political economy. Resistance to change may have the effect of slowing the transition in certain geographies or sectors, whilst a more aggressive approach to change can accelerate the transition in other regions or industries.
Speaker: Kingsmill Bond, New Energy Strategist for Carbon Tracker and member of the World Economic Forum Global Future Council on Energy.
Moderator: Hugh Wheelan, Joint Managing Director and Co-founder, Responsible Investor
Join us for this important webinar considering the future of ESG integration in emerging markets. Emerging markets are particularly exposed when it comes to ESG issues, with macro stability risks more acute compared to developed markets, and high levels of government or concentrated ownership impacting on organizational strategy and performance.
This webinar will discuss how investors can take advantage of customized ESG screens and tilts to reduce their risk when investing in emerging markets, alongside prospects for a post-coronavirus recovery in key markets.
Learn from the experts at Aberdeen Standard and MSCI about how ESG factors can be assessed and linked to better performance in the era of climate risk and pandemics. Bring your questions and dial-in for answers to tough questions:
How can ESG factors help EM investors construct long-term alpha strategies across fixed income and equity portfolios?
How can emerging markets investors systematically integrate ESG risk and opportunity assessment into their security selection process?
Roubesh Adaya, Senior Investment Specialist, Fixed Income, Aberdeen Standard Investments
Xiaoshu Wang (王晓书), Executive Director, MSCI ESG Research
With global investors shifting away from existing benchmarks to sustainable alternatives and Paris Agreement-aligned reference benchmarks, ESG integration in derivatives is top of mind. The EU’s Action Plan on Sustainable Finance and Green Deal mean that the momentum towards ESG integration in derivatives will accelerate through the 2020s, with 71% of institutional investors expecting all of their portfolios to be managed in line with ESG principles by 2030.
With the recent introduction of five futures on key global, regional and local MSCI Indices, Eurex has grown its ESG derivatives suite to 12 contracts. With 1,000,000 contracts traded to date, Eurex is the leading liquidity pool for ESG derivatives worldwide. Join us for an update on the future of ESG integration in derivatives markets and to tackle some tough questions:
Are derivative instruments a credible and cost-effective way to further manage sustainability risks, seek additional alpha and better meet various investment mandates in an era of volatility?
Are green derivatives and structured finance products the easiest and cheapest way for global investors to get sustainability exposure in a diversified portfolio?
What are the risks and opportunities linked to the latest push for innovation in sustainable finance products?
Debating ESG derivatives index methodologies – which methodology is the most suitable for what purpose?
What are the use-cases for ESG derivatives across market segments?
Christine Heyde, Equity and Index Product Design, Eurex
Magnus Linder, Head of Derivatives, Swedbank Robur
With the UN Secretary General’s ‘Decade of Action’ on the SDGs now underway, this webinar will consider approaches to leverage the stability and availability of Islamic finance to achieve more. The Islamic finance sector is booming. From a market of just US$200 billion in 2003, the sector is expected to grow to over US$4 trillion in assets by 2030. Much of these funds originate in the majority Islamic countries in the Arab region, yet the investments are global in scope and impact.
As Islamic finance scales up through the next decade across regions, this unique webinar will assess opportunities to develop new ESG and SDG-aligned Islamic finance products across asset classes. Join us to hear from experts on Islamic finance and ESG investing across markets.
Stella Cox CBE, Managing Director, DDCAP
Ahmed Al Qabany, Manager, Climate Change Division, Resilience and Social Development Department, Islamic Development Bank Group
William Tohme, Senior Regional Head of the Middle East and North Africa (MENA), CFA Institute
Responsible Investor in partnership with Scientific Beta
Defensive equity strategies aim to protect investors during a crisis while also providing better risk-adjusted return compared to the cap-weighted index, through exposure to the Low Volatility risk factor. Scientific Beta has launched a new defensive strategy that aims to address two important drawbacks of traditional defensive offerings.
• Traditional defensive solutions based on minimum volatility or low volatility strategies are unfortunately not truly defensive in periods of high market volatility, at a time when lower risk is needed most. To address this volatility risk, Scientific Beta provides a highly defensive strategy that targets a constant volatility equal to the strategy’s historical volatility by dynamically reducing the strategy’s market beta during periods of crisis when market volatility is elevated. This feature provides very strong capital protection compared to more traditional defensive strategies.
• Traditional defensive strategies also suffer from high carbon exposure compared to a cap-weighted index, which in turn exposes these types of strategies to climate risk. Scientific Beta offers its new defensive strategy with a sharp reduction in carbon exposure compared to traditional defensive strategies and cap-weighted indices without sacrificing the defensive properties of the strategy.
Eric Shirbini, PhD, Global Research and Investment Solutions Director, Scientific Beta
The EU’s Technical Expert Group on Sustainable Finance (TEG) released the final report on the new green taxonomy on 10 March.
This first webinar of RI’s spring EU Action Plan webinar series will explore the advice made by the TEG, its practicality for investment outcomes, and its effects on other green finance policies and investment products including the EU Green Bond Standard, and the EU Ecolabel for finance products. How are companies and investors responding?
Led by Hugh Wheelan, RI co-founder and joint managing director, this Q&A session will look at:
- What are the most important elements of the March 10 technical guidance from the TEG to the European Commission, and where exactly is the Taxonomy at in terms of applicability and relevance?
- How are companies already responding to the Taxonomy: market examples. What could this mean going forward: comply or explain: what would comply look like, or why explain, and what would explain look like?
- How do investment managers view the Taxonomy in terms of investment applicability, reporting, product development and strategic relevance.
- How will the Taxonomy actually mobilise corporate activity and investment?
Brenda Kramer, Senior Advisor Responsible Investment, PGGM and Member of Technical Expert Group on Sustainable Finance, European Commission
Seb Beloe, Partner and Head of Research, WHEB Asset Management
Nicolas Redon, Senior Analyst - Green Finance, Novethic
Hugh Wheelan, Co-Founder and Joint Managing Director, Responsible Investor
Responsible Investor in partnership with Credit Suisse
The ocean - or blue - economy is expected to grow at twice the rate of the mainstream economy by 2030, and the economic value of global ocean assets is estimated to already be at over US$ 24 trillion, making the Blue Economy the seventh-largest economy by GDP globally. However, with ocean health and impacts tightly linked to the threats of climate change and other anthropogenic threats, such as over-fishing, habitat destruction and pollution, a large amount of capital is at risk. Are the world's investors aware of ocean-related risks to their portfolios, and are they acting on the opportunities provided by this emerging investment topic?
Discussing the findings of RI and Credit Suisse’s market-first research study “Investors and the Blue Economy”, this webinar investigates whether the conditions exist for private capital to flow towards a sustainable use of the ocean. And if not, what needs to change.
Liesel van Ast, Membership and Regional Co-ordination Manager, UNEP FI
Chip Cunliffe, Director Sustainable Development, AXA XL
James Gifford, Head of Impact Advisory, Credit Suisse
Shally Shanker, Founder & Managing Partner, AiiM Partners
Dennis Fritsch, Researcher, Responsible Investor
Responsible Investor In partnership with FTSE Russell
The sovereign debt market is one of the largest asset classes in the world, yet fixed income markets have typically lagged other asset classes in relation to ESG integration. As a result, sovereign debt investors are exposed to a range of climate change risks that are typically not well understood or incorporated into the investment process. Part of the challenge has been the lack of sustainable investment products and viable climate data across a number of areas. This unique webinar will address a number of issues for investors seeking to better integrate sustainability and climate risk considerations into their fixed income strategies:
• Global emissions reduction trajectories by sector and country
• The macroeconomic implications of climate change
• How the FTSE World Government Bond Index (WGBI) is adjusted for climate risk
• Updates on performance of the WGBI and the FTSE Climate Risk-Adjusted World Government Bond Index
Sylvain Chateau, Senior Director, Head of Sustainable Investment Product Management, London Stock Exchange Group (LSEG)
Responsible Investor in partnership with ShareAction
A Responsible Investor webinar presenting the ShareAction/AODP ranking of 75 of the world’s largest asset managers
ShareAction has reviewed the responsible investment practices on climate change, human and labour rights, and biodiversity of 75 of the world’s largest asset managers based on data collected through an extensive, TCFD-aligned survey and publicly available information.
Join this webinar on the report’s launch date to examine the first in a series of three reports on global trends in the adoption of responsible investment practices within the industry.
Report number 1 ranks asset managers on disclosure and management of ESG risks and impacts across their portfolios.
This webinar will examine:
- The results of the first report: which asset managers rank highly and why...and vice versa.
- The report methodology and interesting findings on risk management and portfolio impact.
- Why asset managers should up their game on responsible investment, and how they can do so.
Speaker: Peter Uhlenbruch, Joint Head, Financial Sector – Research & Standards, ShareAction.
Asking the questions: Hugh Wheelan, Co-founder and Joint Managing Director, Responsible Investor.
This webinar will assess ESG data integration by global investors in managing risks and creating alpha across portfolios. The discussion will dig into Refinitiv’s ESG database covering more than 7,000 public companies across all markets to consider how investors are able to use this information across asset classes to boost returns and manage risk.
As pressure grows for the integration of ESG factors into company valuation and sustainable and impact investing continues to attract more assets, the call to investors and corporates to address ESG data quality, consistency and accuracy becomes louder. Within these global trends, can ESG scores cut through the noise and boost long-term returns?
Join us for this expert update on the state of the art in ESG integration across asset classes.
To kick-off 2020, RI is bringing together global central banking leaders to consider how ESG and climate risk integration into central banking and monetary policy could influence the investment decision-making of global investors.
Join the debate on how investors can respond to green monetary policy and a new wave of action on climate targets from the world’s central bankers in the 2020s. Hear from the experts on what’s in store for 2020 as central banks and prudential regulators ramp up action on climate risk and sustainable finance.
This webinar is a chance for the global investment community to better understand what’s in store and to discuss investor responses to the greening of central bank balance sheets.
Serafín Martínez Jaramillo, Senior Financial Researcher, CEMLA, Financial System Risk Analysis, Banco de México
Romain Svartzman, Economist, Sustainable Finance Division, Banque de France
Dr Ulrich Volz, Director, Centre for Sustainable Finance, SOAS
Ulf Erlandsson, CIO, Diem Green Credit
Vibeka Mair, Journalist, Responsible Investor
As fiscal policy makers and macroprudential regulators within the Network for Greening the Financial System get down to business, investors are waking up to the potential for climate-aligned monetary policy that could nudge economies towards alignment with the net zero emissions targets committed to in the Paris Agreement.
The fourth and final webinar in this series will focus on defining materiality, consistency in application, ranking and focus of issues. It will cover the role and application of material risk in enterprise and societal risk assessment.
Questions for discussion may include:
Do material issues identified in sustainability assessments give a fair and true view of non-financial risks?
What are the best standards to define materiality that ensure equanimity for all stakeholders?
How does a company ensure that wider societal issues are also considered and appropriately prioritised?
How can companies and investors encourage a forward-thinking approach to these material issues?
How can greater consistency in the application of ESG materiality be developed?
In what ways can companies create greater visibility on evolving, longer term issues?
How can the results of materiality assessments provide focus and opportunity for corporates to respond to longer term material issues?
What are the ways investors can incentivise companies to follow a broader sustainability agenda?
Alan McGill, Global Head of Sustainability Reporting & Assurance, PWC
Ekaterina Hardin, Analyst, Sector Lead, Extractives & Minerals Processing, SASB
Anita McBain, Head of Responsible Investment, M&G Investments
Lisa Epifani, ESG Engagement Manager, Chevron
Kris Frederickson, Manager, Sustainability Disclosure & Stakeholder Engagement, Suncor Energy
Daria Goncharova, Chief Sustainability Officer and Head of Non-Financial Reporting Polymetal
Helen Wood-Gush, Senior ESG Consultant, Responsible Investor
Responsible investing, ESG and sustainable finance
From the publishers of Responsible-Investor.com, the RI Webinars channel focuses on responsible investing, ESG and sustainable finance for institutional investors and companies. We also produce a number of industry leading in-person events including: RI London, RI New York and RI Tokyo.