How can we use corporate climate data to calculate Value at Risk? This new framework shows us. Great practical case study example within. Thanks Intact Centre on Climate Adaptation Scotiabank #climaterisk#sustainablefinance#climatefinance https://t.co/rMQa2O0jXd
Big news a day before #COP25 opens in Madrid - Governor Carney steps it up a notch on climate finance and financial sector involvement in a net zero future. https://t.co/G9WYSidhmF
FT editor G.Tett says Canadian financial institutions should build on successes such as withstanding the 2008 financial crisis and show leadership in the sustainable finance space. @globalriskfs
UBS says that just as younger people are asking where their food comes from, they are asking ‘millions of questions’ about the companies in their portfolios - and are they doing good things. The biggest force for change in investing today. @globalriskfs@socialfinance
Love the idea of expanding RRSPs or TFSAs benefit if it were to include green, transition or ESG investment. Let’s make it happen. @globalriskfs@MaRSDD@socialfinance
We can be optimistic in Canada about the growth of climate finance, says Andy Chisholm (RBC, expert panel) due to the top notch banks, pensions and insurers in our market.
Katie Taylor, Chair of @RBC said that 30% of a boards time should be strategy, 30% talent, and 30% everything else at the #GRISummit.The risk management audience asked if risk was in the ‘other’ bucket - but she said no - if it’s not integrated into strategy we’ve got a problem.
Neil Beaumont, CFRO at @cppib says climate risk is assessed at both individual securities selection, and at portfolio selection. Transition and physical risks are priced in, but secondary and tertiary risks are not #GRISummit
Daniel Moore, CRO @scotiabank says he sees 3 risks with climate - transition (away from carbon based economy), physical (damages from climate related events), and opportunity (future energy needs) #GRISummit
We used to access the internet through the telephone, then there was a technology inversion - now we get the telephone through the internet. This is what digitalization is doing to financial services - says @eprefon at #GRISummit@globalriskfs
Conditions for investing have been optimal for the past few decades of hyper globalization - but key elements of this are falling away. Jonathan Hausman, OTTP #GRISummit@globalriskfs