Measuring, managing and mitigating the threat from climate change October 12th-14th 2020 • London
Climate change will reshape every aspect of the global economy, from politics to migration, financing to supply chains. Markets are demanding greater transparency on the climate risks that firms face. So too are regulators: in 2019 the Bank of England announced plans for climate stress tests for banks. Such demands will only increase.
Over two-and-a-half days, The Economist will ask what role governments and central banks should play in embedding climate-change data into financial decision-making. How can companies overcome the first-mover disadvantage associated with publishing their risk exposures? Does technology reinvent the rules of risk management? And how can the public and private sectors work together to combat what has become the greatest risk of all?
This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
2 Monday October 12th 2020
Data deep dive focus day
1.00 pm REGISTRATION OPENS
1.30 pm CHAIR’S OPENING REMARKS
1.40 pm KEYNOTE INTERVIEW
1.55 pm MAD ABOUT DATA
Accessing “decision-relevant” data to inform risk planning is top of mind for businesses. It has in turn become a big business opportunity, as many strive for first-mover advantages. What data are out there? Where are the current data blind spots? How accurate are the best models in the market?
2.35 pm CASE STUDY
2.50 pm DECISIONS AND DEEP UNCERTAINTY
How should data be built into an organisation’s decision architecture? What are the most effective analytic tools and platforms to mine the available data? How do you balance specificity with taking a birds-eye view of the key issues?
3.30 pm BREAK & SPEED NETWORKING
4.15 pm AUDIENCE POLLING
4.25 pm VIP INTERVIEW: INNOVATION AND ANALYTICS
4.40 pm THE FUTURE OF THE KNOWLEDGE LANDSCAPE
How is technology transforming available data sets? What is the revolution in highly localised real-time data that is being brought about by a proliferation of sensors and satellite democratisation?
5.20 pm CASE STUDY
5.35 pm DATA STANDARDISATION
How are data being standardised so that they can be analysed and compared between data sources? What other kinds of data—such as migration data—need to be incorporated into climate risk data? And how are climate data being democratised?
This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
3 Tuesday October 13th 2020
7.45 am REGISTRATION
8.30 am OPENING REMARKS
8.40 am OPENING KEYNOTE INTERVIEW
8.55 am OPENING PANEL: A CRUCIAL DECADE
Businesses worldwide have woken up to the risks posed by climate change at a time when public concern is mounting rapidly. This panel will set out the three main risk areas: physical, transition and liability risk. How are leaders from business, policymakers and regulators responding to the challenges they face in each of these domains?
9.35 am VIP INTERVIEW
9.50 am THE FUTURE OF DISCLOSURES
How are companies responding to TCFD? How can metrics be standardised to make disclosures comparable and understandable? How should companies build upon their disclosures to translate ambition into action? And in what ways has the response to TCFD differed across industries?
10.30 am Exhibition and networking
11.45 am BANKS RESPONDING TO CLIMATE RISK ROUNDTABLES
12.00 pm BANK LENDING IN TRANSITION
Banks are increasingly halting financing to new fossil-fuel projects in response to growing investor pressure. The financial sector also sees opportunities in financing alternative energy sources. How are regulators driving these shifts? What are the regulatory pressures? What new financial instruments are available for “brown industries”?
12.40 pm VIP INTERVIEW ROUNDTABLES
12.55 pm INSURANCE: PRICING RISK POLICIES
Insurers have been ahead of the game in assessing the risks of climate change but face challenges in pricing, data and modelling. There are also opportunities as the need for protection rises. What are the innovations in product portfolio and policy pricing?
This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
4 How do you put a figure on the overall climate risk of a city, country or region? How are data incorporated into the assessment of sovereign risk? How are investors responding, and are we seeing an impact on sovereign flows?
3.10 pm CASE STUDY CASE STUDY
3.25 pm FINANCING INFRASTRUCTURE FUELLING A LOW-CARBON ECONOMY
Extreme weather events, increasingly Energy incumbents are making frequent and ferocious, will result in increasingly bold pledges towards damage to existing infrastructure and carbon neutrality. How will they lead to new preventative measures. manage that transition? What are investors asking of owners, builders and operators? What is being demanded now in terms of environmental compliance?
4.00 pm Exhibition and networking
4.30 pm KEYNOTE INTERVIEW KEYNOTE INTERVIEW
4.45 pm CASE STUDY CASE STUDY
5.00 pm MANAGING THE MESSAGE RISK LITIGATION
Companies’ approach to climate risk How could legal risks around climate has become an integral part of change unfold? How might investor relations, instead of simply a shareholders take action against PR issue. How are companies corporate directors who are not adapting organisational structures to taking sufficient action or are centralise and empower staff dealing misreporting data? Where could with climate risk? litigation come from?
This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
5 Wednesday October 14th 2020
8.15 am REGISTRATION
9.00 am OPENING REMARKS AND POLLING
9.10 am EAST VERSUS WEST
Emerging markets face the biggest risks from climate change and are also the least prepared for it. How can resilience to climate change be strengthened in low- and middle-income countries?
9.45 am KEYNOTE INTERVIEW
10.00 am CLOSING THE G
AP Where are the areas of greatest unmet need around climate risk? How are these being addressed by data and analytical services, corporate strategists, policymakers and regulators?
10.30 am Exhibition and networking
11.45 am VIP INTERVIEW VIP INTERVIEW
12.00 pm THE COMPLETE PACKAGE UNTANGLING THE SUPPLY CHAIN
How are manufacturing companies Beyond global infrastructure forecasting resource scarcity? footprints, how are the companies in supply chains affected by climate risk? How should physical and transition risks be integrated into supply-chain management? How should organisations work with their suppliers to measure the risk in their supply chain? What KPIs should be set to measure risk management? And how should companies assess exposure within their supply chain?
12.40 pm CASE STUDY CASE STUDY
12.55 pm TRANSPORT INNOVATIVE TECHNOLOGIES
How are airlines responding to What is the future of batteries and investor and public pressure to micro-grids? Is urban infrastructure reduce their carbon footprint? able to accommodate new innovations such as charging technologies?
This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.
6 As climate risk transforms business strategies, how will rhetoric turn into action? How transferable and scalable are these best practices across different industries? And who will be the winners and losers?