UK TCFD Preparers Forum

Date: Monday, 19 November 2018
Time: 09:00 - 16:00 
Location: Guildhall, Gresham Street, London EC2V 7HH, UK

We are delighted to invite you to the first UK TCFD Preparers Forum, a unique event held in partnership with The City of London’s Green Finance Initiative and CDP

This event brings businesses and the financial sector together to learn how both preparers implementing TCFD and how data users are integrating this new information into their financial products, services and investments.

Confirmed speakers are:

  • Senior representatives from BEIS and the Bank of England
  • Sir Roger Gifford, Chair of the City of London Green Finance Initiative
  • Russell Picot, Special Advisor to the FSB Taskforce on Climate-related Financial Disclosures
  • Nathan Fabian, Chief Responsible Investment Officer, PRI
  • Paul Simpson, CEO, CDP
  • Rick Stathers, Senior ESG Analyst, Aviva Investors
  • Rebecca Self, CFO sustainability, HSBC
  • Rahul Gosh, Senior VP ESG and green bonds, Moody’s
  • Ben Caldecott, Director Oxford Smith School
  • Hilde Roed, VP Sustainability, Equinor (formerly Statoil)
  • Simon Messenger, Director UK & France, 2 Degrees Investing Initiative
  • Willis Tower Watson, EBRD, SP Trucost, Barclays, Unilever

Panel discussions and interactive sessions will focus on:

  • Insights on from the TCFD secretariat, PRI & CDP on the response so far from financial institutions and corporates.
  • How to get started on TCFD. What investors are looking for from corporates and how they are using this information.
  • Guidance for developing a multi-year strategy to adopt TCFD.
  • Demonstration of climate scenario tools and developments in data capture.

Register here

If you have any questions, please do not hesitate to contact us at climate@unpri.org.

Agenda

Please note: In order to coordinate with the timing of IGCC’s Annual Conference, the investor sections of this event will finish by 11:30 am.

08:15 Registration and networking
09:00 Welcome remarks

Speakers:
  • Sir Roger Gifford, Chairman of Green Finance Initiative 
  • Sarah Breeden, Executive Director, International Banks Supervision, Prudential Regulation Authority (PRA), Bank of England
  • Matthew Scott, Head of Green Finance, Department of Business Energy and Industrial Strategy
09:25 TCFD 16 months on: how are investors & companies responding?

Today, the TCFD has more than 500 supporters, representing a broad range of sectors with a combined market capitalization of over $7.9 trillion. This includes over 287 financial firms, responsible for assets of nearly $100 trillion. In 16 months since the 2017 TCFD report was released, what are the next steps needed to bring climate-related disclosures into the mainstream of financial reporting and into the heart of corporate governance?

Speakers:
  • Russell Picot, Special Advisor, FSB Task force on Climate-related Financial Disclosures
  • Nathan Fabian, Chief Responsible Investment Officer, PRI
  • Frances Way, Chief Strategy Officer, CDP
09:55 How is corporate climate risk information being used by the finance sector?

This session brings together speakers from the financial and corporate sectors to discuss how this new information is being used in financing and investment decision-making. Speakers will share their experiences on TCFD best practices, including governing and managing climate related risks in the non-financial sectors.

Speakers:
  • Rick Stathers, Senior ESG Analyst, Aviva Investors
  • Rebecca Self, Chief Financial Officer – Sustainable Finance, HSBC
  • Moderator: Ed Baker, Senior Policy Advisor, PRI
10:30 Climate scenario session – energy transition risks and opportunities

2 Degrees Investing Initiative provide an overview on scenarios and a demonstration of their online tool. What are the assumptions baked into scenarios that preparers and users need to know about?
10:45 Networking Break
11:00 Increasing resilience to physical climate risks

TCFD has arguably been more focused on the energy transition than the physical impacts of climate change. Yet, these impacts are no longer subtle and in some markets more of a near term risk than arguably was previously assumed.

Speakers:
  • Carel Cronenberg, Associate Director – MRV Manager, EBRD
  • Yves Lemay, Managing Director, Moody’s Investors Service
  • Liz Parkes, Deputy Director, Climate Change and Business Services, Environment Agency
  • Moderator: Carlos Sanchez, Director, Climate Resilience, Willis Towers Watson
11:30 Approach to data collection

Understanding how data is being sourced, shared and enhanced for use by financial sector actors in their decision-making.

Speakers:
  • Tony Rooke, Global Technical Director, CDP
  • Dr Ben Caldecott, Director, Oxford Sustainable Finance Programme
12:00 Regulatory outlook: is there a case for investors & companies to act on TCFD recommendations?

Speakers:
  • Dave Cooke, Lawyer, Climate Finance, ClientEarth
  • Nadine Robinson, Technical Director, CDSB
12:30 Preparers Panel: Getting started on TCFD

Hear from preparers on examples of how to get started on TCFD, including examples of working with investors to understand what they need, establishing internal process, assigning responsibility, publishing a climate policy, drawing up an implementation & monitoring plan as well as reporting.

Speakers:
  • James Wilde, Group Head of Sustainability, Lloyds Bank
  • Hilde Røed, Vice President Sustainability, Equinor ASA
  • Caroline Hill, Head of Sustainability and Public Affairs, Landsec
  • Moderator: Nadine Robinson, Technical Director, CDSB
13:15 Networking Lunch
14:00 Knowledge resources to support you on your TCFD journey
CDSB presents the TCFD hub.

Gemma Clements, Project Manager, CDSB
14:15  Breakout sessions on TCFD implementation preparers

These sessions will provide an opportunity for participants to share learnings on TCFD implementation in facilitated roundtable discussions. A variety of topics will be offered including:

  • Getting started on scenario analysis
  • Assessing the financial impacts of climate-related risks and opportunities
  • Risk vs strategy
  • Target-setting and science-based targets
15:45 IPCC’s new report, changes to the carbon budget implications for TCFD
16:15 Close

The PRI would like to thank The City of London for hosting this event.