Reliability of climate risk models has been a persistent challenge for organisations needing to assess climate risk impact on credit risk assessments— while regulatory scrutiny and the call for greater disclosure and transparency related to climate goals have also increased.
Institutions are under pressure to show actions taken while factoring in climate risks in investment decision-making and so, reliable data and models are paramount to having a more precise view of these risk outcomes. Organisations can then better align to regulatory standards such as the ECB’s (European Central Bank) stress-testing requirements and TCFD reporting standards.
Join this webinar to:
Understand climate risk regulations and climate transition risks and opportunities
The challenges in addressing regulation from a modeling perspective and the issue of reliability of climate risk models
How climate scenario analysis can help address climate risk challenges
Esther WhieldonSenior Writer and Co-Host of ESG Insider Podcast, S&P Global Sustainable1
Esther Whieldon is a Senior Writer on the S&P Global Sustainable1 Thought Leadership Team and co-host of the S&P Global podcast ESG Insider. Full Bio
Esther Whieldon is a Senior Writer on the S&P Global Sustainable1 Thought Leadership Team and co-host of the S&P Global podcast ESG Insider. Esther has worked at S&P Global for 14 years and was previously a Senior Reporter in the S&P Global Market Intelligence newsroom where she wrote about climate change, ESG and energy issues. Prior, Esther worked two years as a reporter at Politico and spent several years before that in the S&P Global Platts energy newsroom in Washington, D.C. Esther earned a bachelor’s degree in journalism from Washington Adventist University in Takoma Park, Maryland. Minimize
Speakers
S&P Global Contributor
Erin Boeke BurkeLead Analyst Sustainable Finance, S&P Global Ratings
Erin Boeke Burke joined S&P Global Ratings in 2016, and has been on the Sustainable Finance team since 2020. In this position, she works on environmental, social, and governance (ESG) investment considerations, including entity-level ESG Evaluations and financing framework- or transaction-level Sustainable Finance Opinions. Full Bio
Erin Boeke Burke joined S&P Global Ratings in 2016, and has been on the Sustainable Finance team since 2020. In this position, she works on environmental, social, and governance (ESG) investment considerations, including entity-level ESG Evaluations and financing framework- or transaction-level Sustainable Finance Opinions. She also researches ESG issues and the evolution of the sustainable debt market. In her prior role on the U.S. Public Finance team in Ratings, she worked on credit ratings for municipal and cooperative utilities – particularly in water – as well as debt issued by State Revolving Funds and bond banks.
Erin previously worked for the federal Office of Management and Budget in Washington, D.C., where she oversaw the budget of the Army Corps of Engineers’ water supply, hydropower, inland navigation, and Clean Water Act permitting programs, and well as federal lending programs in transportation, housing, and other sectors. She holds a Masters in Public Affairs from the University of Texas at Austin.
Giorgio BaldassarriPhD, Global Head, Analytical Development Group, S&P Global Market Intelligence
Giorgio leads the Analytical Development Group, part of S&P Global Market Intelligence’s Credit Risk Solutions. Full Bio
Giorgio leads the Analytical Development Group, part of S&P Global Market Intelligence’s Credit Risk Solutions. His team includes highly-skilled individuals with multiple qualifications in the financial and quantitative space (FRM, CFA, PhD) and develops all credit risk statistical models that power the Credit Analytics product.
Giorgio’s team developed several statistical models to assess credit risk of public and private companies, more recently including a trade-payment model that was used to succesfully monitor payment behaviour of SMEs during the 2020 pandemic.
On the climate-change front, Giorgio’s team developed two statistical models that estimate the financial and credit risk impact of energy transition scenarios on public and private firms:
Climate Credit Analytics, developed with Oliver Wyman, offers a sector-specific, bottom-up approach for companies operating in carbon-intensive sectors.
Climate Risk Gauge, developed internally, offers a consistent and scalable view across all industry sectors.
Giorgio regularly speaks at international credit risk conferences, webinars and events (RiskMinds, RISK EMEA, IECA). More recently, he authored a paper in the Journal of Energy Markets on the credit risk implications of various carbon tax scenarios (Journal of Energy Markets, Vol 13, number 2, pages: 1-24, June 2020) and spoke at several conferences (IRMC 2020, EDHEC 2020), panel discussions (“Navigating climate risk as a financial risk”) and webinars (“Tackling climate change for banks: the culture, the data and the analytics”) on banks’ challenges to implement climate-related stress testing scenarios, climate-related scenario analysis and credit risk assessment in TCFD reporting, and impact of various carbon tax policies on public companies credit-worthiness. Minimize
S&P Global Contributor
Prerna DivechaGlobal Business Lead, Climate Credit & Risk Solutions, S&P Global Market Intelligence
Prerna joined S&P Global in May 2017 as a Director in the Product Specialist team for Credit Risk Solutions, leading efforts in South East Asia and Japan. Full Bio
Prerna joined S&P Global in May 2017 as a Director in the Product Specialist team for Credit Risk Solutions, leading efforts in South East Asia and Japan. Previously she was at Fitch Ratings where she was part of the Business and Relationship Management team in Singapore managing new business initiatives for the corporate ratings business. Prior to that, she spent 2 years at Standard Chartered on the debt markets desk, where she assisted Indian corporates in tapping the Singapore debt markets. She also spent 7 years in J.P. Morgan’s investment banking team covering financial institution clients in India. Prerna is a certified Chartered Accountant from India. Minimize
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