TCFD: New Publications on Risk Management and Climate Scenarios

Expectations on the finance sector’s role in safeguarding biodiversity and natural capital continue to grow but this complex topic can sometimes be challenging to navigate in a diligence and asset management context. Aimed at infrastructure Private Equity ESG practitioners, join our webinar for some practical biodiversity insights including:
• an overview of the mitigation hierarchy and how it can be integrated effectively into financial decision making;
• an introduction of how biodiversity data can enhance decision making during the diligence process; and
• a recent sustainable finance case study of how protecting biodiversity has tangibly enhanced asset value.

Speakers include:
Helen Temple, Chief Executive, The Biodiversity Consultancy
James Magor, Director, Responsible Investment, Actis
Ed Ellis, Manager, Integrated Biodiversity Assessment Tool (IBAT)
Moderated by: Gemma James, Head of Environmental Issues, PRI

COP26: Investor Action on Climate Webinar Series

Date: 11 March, 2021
Time: 2:30pm - 4:30pm GMT / 9:30am - 11:30am EDT

With the success of the 2020 series, we will be hosting three virtual events throughout 2021 leading up to COP26, which will take place 1-12 November in Glasgow, Scotland. The ‘COP26: Investor Action on Climate’ series aims to build further momentum toward taking action on climate change by the investment industry ahead of the COP26 Climate Summit.

The world faces numerous societal and economic challenges as it comes out of COVID-19 lockdowns, and these very issues will help investors to address potential crises of the future and understand ways to transition to green growth and recovery.

Confirmed speakers:
Fiona Reynolds, CEO, PRI
Sagarika Chatterjee, Director of Climate Change, PRI & COP26 High-Level Champions Team member
David Harris, Head of Sustainable Business, London Stock Exchange Group & FTSE Russell
Bob Litterman, Chairman of the Risk Committee at Kepos Capital LP
Jean Hynes, Managing Partner and incoming CEO, Wellington Management
Nili Gilbert, Board Member and Chairwoman of the Investment Committees, David Rockefeller Fund
Nathalie Lhayani, Group Sustainable Policy Director, Caisse des Dépôts
Kirsty Jenkinson, Investment Director, CalSTRS

Increasing accountability of the PRI as an organisation is one of the focus areas of our 10-year Blueprint for responsible investment. In 2018 the PRI implemented minimum requirements alongside introducing programmes for showcasing leadership. This webinar will cover both the minimum requirements and the Leaders’ Group, including how these have been affected by the introduction of the new Reporting Framework and next steps.

Speakers include:
Milja Norberg, Manager Reporting and Accountability, PRI

Many companies are already setting climate science based targets (SBTs) to reduce their greenhouse gas emissions. Companies are now also considering nature science based targets in order to operate within planetary boundaries.

The PRI and UNEP FI are co-hosting this webinar with experts to discuss:
- What are science based targets for nature?
- How is a net zero emission target being applied and how does this compare with science based targets for nature?
- What needs to be considered in a methodology?
- What are the gaps?
- How are companies setting biodiversity targets?

Speakers include:
Erin Billman, Executive Director, SBTN
Chris Weber, Technical Director, SBTN
Helen Crowley, Head of Sustainable Sourcing Innovation, Kering
Additional speakers to be confirmed

In 2018, as part of the PRI’s programme on championing climate action, we introduced voluntary climate change indicators in the PRI Reporting Framework, based on the recommendations of the Taskforce on Climate-related Financial Disclosure (TCFD). Since the 2020 reporting cycle, signatories have been required to report on the climate change indicators on a mandatory basis. In 2021, the indicators related to the strategy and governance recommendations will also be publicly disclosed and part of private assessment, while some ‘plus’ questions based on the TCFD recommendations around risk management and metrics and targets will remain voluntary and non-assessed, with a view to making them ‘core’ in 2022. In this webinar, we will take signatories through the main changes to the PRI reporting requirements on the TCFD-based indicators and how the recommendations can be implemented by signatories on a more practical basis.

Speakers:
Kimberly Gladman Senior Associate, Climate Change, PRI
Irene Diaz, Associate, Reporting and Assessment, PRI

Deforestation is often discussed because of its impact on carbon dioxide emissions and soil erosion, as well as the destruction of forest habitat and displacement of indigenous communities. Instead, this webinar will look at deforestation from a credit risk perspective, by exploring how it may affect the probability of default of a debt issuer or of an issue, with various participants of the investment chain.

Speakers:
Nneka Chike-Obi, Director, Sustainable Finance, Fitch Ratings
Christopher Stephan Wells, Global Head of Environmental and Social Risk, Santander
Peter van der Werf, Senior Engagement Specialist, Team Lead Engagement Director, Active Ownership, Robeco
Moderated by: Gemma James, Head of Environmental Issues and Carmen Nuzzo, Head Fixed Income, PRI

Asset owners sit at the top of the investment chain. This group should feel empowered to work with asset managers on responding to their values, strategies and policies on responsible investment. Yet there seem to be blockages – data, fiduciary concerns and others – and the pressure is growing. Regulators and beneficiaries are increasingly requiring more active asset ownership. A panel of experts will discuss some of these issues and talk through where asset owners can work collaboratively with investment managers through the selection, appointment and monitoring process.

Speakers:
Introduction by: Fiona Reynolds, CEO, PRI
Kirsty Jenkinson, Investment Director, CALSTRS
Ndabe Mkhize, CIO, Eskom Pension and Provident Fund
Claudia Bolli, Head of Responsible Investing, Swiss Re
Moderated by: Toby Belsom, Director, Investment Practices, PRI

After extensive review and consultation with PRI’s signatories, the new 2021 Reporting Framework has been launched with a new, more user friendly reporting platform. Join the PRI webinar on 19 January for an overview on what you need to know in order to prepare for the 2021 reporting cycle, including:
• A brief introduction to reporting;
• the changes made to the Reporting Framework for the 2021 reporting cycle;
• how to access and navigate the new reporting platform

Speakers:
Senita Galijatovic, Head of Reporting & Accountability, PRI
Lauren Green, Manager Reporting and Accountability, PRI

After extensive review and consultation with PRI’s signatories, the new 2021 Reporting Framework has been launched with a new, more user friendly reporting platform. Join the PRI webinar on 19 January for an overview on what you need to know in order to prepare for the 2021 reporting cycle, including:
• A brief introduction to reporting;
• the changes made to the Reporting Framework for the 2021 reporting cycle;
• how to access and navigate the new reporting platform

Speakers:
Senita Galijatovic, Head of Reporting & Accountability, PRI
Lauren Green, Manager Reporting and Accountability, PRI