Managing Value At Risk For Portfolios From Climate Change - What Are The Financial Implications Of COP21?

KEYNOTE SPEAKERS

Christiana Figueres, Sarah Butler-Sloss and Lord Adair Turner

PARTNERS

Event by City of London Corporation, Carbon Tracker, Ashden Trust and Mark Leonard Trust

Supported by the Institutional Investor Group on Climate Change (IIGCC), the Local Authority Pension Fund Forum (LAPFF), Aiming for A Coalition, Church Investors Group (CIG) and ShareAction

AGENDA

9.15am – Welcome by Lord Adair Turner

9.20am HRH The Prince of Wales – video message

9.25 – Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) on what is expected to be agreed in Paris, the implications for the fossil fuel industry and the role of the finance sector

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9.45am – Panel 1: Chaired by Abyd Kamali, Managing Director, Climate Finance, Bank of America Merril Lynch. Panellists include:

Helena Morrissey, CEO Newton and Chair of The Investment Association
Anthony Hobley, CEO Carbon Tracker
Nick Robins, Co-Director UNEP Inquiry.
James Cameron, Chairman of the Overseas Development Institute (ODI)

Followed by questions from the audience

What can investors expect from Paris?

What is the value at risk from climate change across portfolios?
What is likely to be agreed at Paris and what are the financial implications of this?
Who will be the winners and losers in the energy sector?

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10.35am – Panel 2: Chaired by Mark Campanale, Founder and Director of Carbon Tracker. Panellists include:

Kirsty Hamilton, Associate Fellow at Chatham House and is Policy Head of the Low Carbon Finance Group
Natasha Landell-Mills, Head of ESG Research at Sarasin & Partners
Paul Spedding, former Global Co-Head of Oil And Gas Research at HSBC, Advisor to Carbon Tracker

Followed by questions from the audience.

The international agreement on climate change requires decarbonisation of the energy system – what does this mean for the valuation models used for fossil fuel companies?

Are asset managers and investors mispricing climate risk? What tools are there to integrate climate change risks into fossil fuel industry business models?
What does an orderly transition to a low carbon energy system look like? What are the options for fossil-fuel companies in the transition? What are the implications for investors?
How is the growth of the renewable energy sector affecting the fossil-fuel sector?

11.25am – Coffee break

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11.45am – Sarah Butler-Sloss, Chair of the Ashden Trust and Founder/Director of Ashden on what civil society expects from asset managers and a new announcement on organisations which have committed to Divest Invest

11.55am – Panel 3: Chaired by Catherine Howarth, CEO at ShareAction. Panellists include:

James Bevan, CIO at CCLA
Lucy Tusa, Senior Investment Consultant at Mercer
Kieran Quinn, Chairman of Local Authority Pension Fund Forum (LAPFF)
Stephanie Maier, Head of Responsible Investment Engagement, Aviva.

Followed by questions from the audience.

Society is looking for advice and leadership from the asset management sector to stay within the ‘safe carbon budget’.

Does the sector accept the challenge to be, as described by Mercer, future-makers?
With the context of the Financial Stability Board’s review of climate risk what role is there for divestment away from fossil fuels?
How can the sector show leadership in calling for progressive public policy to drive the realisation of a low carbon economy?

12.45pm – Lord Adair Turner – concluding remarks and call to action

1.00pm – Networking Lunch Reception

This event is by invite only.

For more information please email mgagliardi@carbontracker.org