Presentations
26/03
at 15H30 | 518 C

How to assess climate-related financial risk

Presented by: EY
Moderated by: Stéphanie Hamilton, EY
Responsible investing and green taxation
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    string(1248) "If GHG emissions from our economic activity follow the current path, there is some certainty that by the end of the century, the increase in global average temperature will exceed 4 degrees Celsius. If, on the other hand, we manage to keep the increase to below 2 degrees as expressed in the Paris Agreement, will we need to fundamentally rethink many aspects of our economic activity? Either way, business and investors will have to face up to the financial impacts of climate change.
The TCFD Recommendations provide a reporting framework for climate risks that can be integrated with current financial reporting disclosures. They aim to improve an investors’ understanding of the impact of climate risks on different corporations and reduce the risk of a systemic financial shock to the economy.
More than 500 companies worldwide already follow the TCFD’s Recommendations. Some Canadian companies are leading the way and have already assessed and disclosed their climate risk. How do Canadian companies compare to companies in other markets? EY will present the results of its recent global barometer on climate-related financial disclosures and will invite a panel of practitioners to share their experience with the TCFD Recommendations."
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- Results of EY’s global barometer on climate-related financial disclosures

If GHG emissions from our economic activity follow the current path, there is some certainty that by the end of the century, the increase in global average temperature will exceed 4 degrees Celsius. If, on the other hand, we manage to keep the increase to below 2 degrees as expressed in the Paris Agreement, will we need to fundamentally rethink many aspects of our economic activity? Either way, business and investors will have to face up to the financial impacts of climate change. The TCFD Recommendations provide a reporting framework for climate risks that can be integrated with current financial reporting disclosures. They aim to improve an investors’ understanding of the impact of climate risks on different corporations and reduce the risk of a systemic financial shock to the economy. More than 500 companies worldwide already follow the TCFD’s Recommendations. Some Canadian companies are leading the way and have already assessed and disclosed their climate risk. How do Canadian companies compare to companies in other markets? EY will present the results of its recent global barometer on climate-related financial disclosures and will invite a panel of practitioners to share their experience with the TCFD Recommendations.

- Assessing and disclosing climate-related financial risks: BELL’s approach

Catherine will present Bell’s approach to assessing and reporting financial risks and opportunities related to climate change. She will also discuss the TCFD Recommendations from her perspective as an actuary.

- Assessing climate-related financial risks: an investor’s approach

Valérie will share her insight on climate risk from the perspective of an investor. She will outline for the audience how a corporation’s climate reporting gets read, analyzed and assessed by the various players in the investment industry including institutional investors, portfolio managers or private investors, and the role of research firms and rating agencies. She’ll address what type of information is most useful and why. She will discuss Mackenzie Investments' philosophy in this regard and present some of the ways she incorporates an assessment of climate risk into the way she manages her socially responsible investment (SRI) fund.