House on Fire: Climate Risk and Resilience for Mortgages
Date:
Wednesday, June 8, 2022
Location:
On-Demand
Duration:
1 Hour
The impacts of climate change on mortgage market participants are rapidly growing in scope and severity; while acute risks from wildfires, floods, and hurricanes are in sharp focus, chronic risks from heatwaves and droughts are adding to long-term concern horizons.
Borrowers, lenders, insurers and policy-makers alike are turning to climate physical risk analysis to understand risk exposure, identify at-risk assets and envisage resilience strategies.
In this webinar, the first of our Weathering Physical Climate Risk series, we will explore pressing considerations across the mortgage market, including:
Acute vs. chronic risks and their impact on mortgages
The latest trends in climate risk analysis and how key initiatives such as the TCFD have influenced them
Analyzing physical risk on mortgage portfolios to identify vulnerabilities and opportunities
How financial impact can be quantified and leveraged to support stress-testing
Register now to join the discussion or receive the on-demand replay.
Matthieu BardoutGlobal Head of ESG Strategy, Banking & Insurance, S&P Global Sustainable1
Matthieu is an expert in sustainable finance with an international track record advising financial institutions, corporates and public organizations. Full Bio
Matthieu is an expert in sustainable finance with an international track record advising financial institutions, corporates and government organizations. At S&P Global Sustainable 1, he leads ESG strategy for banking and insurance segments. In that role, he interfaces between S&P Global’s clients, commercial and product teams to implement pioneering ESG and climate strategies.
Prior to joining S&P Global, Matthieu launched a commercial spinoff for the 2 Degrees Investing Initiative to provide asset-level data for climate-related financial analysis. Previously he worked for Circle Economy where he led a program on circular finance, for Ecofys (now part of Guidehouse consulting) where he specialized in climate policy, and for Coffey Geotechnics as an engineering geophysicist.
Matthieu holds Master’s degrees in Sustainable Development from Utrecht University and Geophysics from Imperial College London. Minimize
Speakers
S&P Global Contributor
Nina ChenExecutive Deputy Superintendent, Climate Division, New York State Department of Financial Services
Dr. Yue (Nina) Chen is the inaugural Executive Deputy Superintendent of Climate Risk Division at the New York State Department of Financial Services (DFS). Full Bio
Dr. Yue (Nina) Chen is the inaugural Executive Deputy Superintendent of Climate Risk Division at the New York State Department of Financial Services (DFS). The division is charged with integrating the financial risks from climate change into DFS’s supervision of regulated entities; supporting the industry’s growth in managing climate risks; coordinating with international, national, and state regulators; developing internal capacity on climate-related financial risks; supporting the capacity-building of peer regulators on climate-related supervision, and ensuring fair access to financial services for all communities, especially those most impacted by climate change. Nina was appointed as the inaugural Director of Sustainability and Climate Initiatives in May 2020. Under Nina’s leadership, DFS became the first U.S. financial regulator to establish a holistic set of expectations for banks and insurers to integrate the financial risks from climate change into corporate governance, business strategies, risk management, and disclosure. Nina also serves as the Vice-Chair of the Climate Risk Steering Group at the International Association of Insurance Supervisors.
Before joining DFS, Nina was the Nature Conservancy’s Director of Conservation Investments in New Jersey then New York. In this role she developed innovative conservation finance programs, advised cities on attracting private capital to accelerate and scale up conservation impacts, and led urban water resilience initiatives.
Nina started her career in finance which spanned a wide range of areas, including sovereign bonds, interest rates derivatives, mortgages, and structured credit products at Goldman Sachs and Royal Bank of Canada, among others.
Nina received her B.S. in Chemical Engineering from Tsinghua University, Beijing, China, her Ph.D. in Chemical Engineering from the Massachusetts Institute of Technology, and a Certificate in Conservation and Environmental Sustainability from Columbia University.
Mike IlardiDirector of Business Development, The Climate Service, an S&P Global Company
Mike is a climate risk specialist with deep experience in climate technology, sustainable investing, and corporate advisory. At The Climate Service (TCS), now part Full Bio
Mike is a climate risk specialist with deep experience in climate technology, sustainable investing, and corporate advisory. At The Climate Service (TCS), now part of S&P Global Sustainable1, he leads new business initiatives for financial institutions as Director of Business Development. Prior to TCS, Mike built climate-focused impact investing programs at CapShift, and before that worked in strategy consulting at PwC (Strategy&). He started his career in business development at Unified, a marketing analytics startup (now part of iHeart Radio). Mike holds an MBA and MSc (Natural Resources Sustainability) from the University of Michigan and a BA in History from Vassar College. Minimize
S&P Global Contributor
Matthew SandoeClimate Risk Lead, BNP Paribas
Matt has worked in a diverse range of innovative environments spanning government funded entrepreneurial schemes and food sector R&D, through to Full Bio
Matt has worked in a diverse range of innovative environments spanning government funded entrepreneurial schemes and food sector R&D, through to taking on global managerial roles in financial risk management where he is currently an ESG risk manager with a focus on climate risk at BNP Paribas and he also contributes to the open source climate initiative (OS-Climate) as physical risk lead. During his 25 years in finance he has held a variety of roles ranging from commodities risk management, capital markets global risk analysis, reporting & stress testing and Chief of Staff. Minimize
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