GARP 2024 Climate and Nature Risk Symposium

The future is here

24-25 April 2024 | Day One: 8:30 - 19:00 | Day Two: 8:30 - 14:00 | London, UK

Overview

The Global Association of Risk Professionals (GARP) is pleased to present the 2024 Climate and Nature Risk Symposium. This two-day, in-person event will explore the interconnections between climate change and nature risk, with a particular focus on the tipping points in our climate, environmental, economic, and social systems. 

Day 1 of this Symposium will focus on framing nature loss and climate change as the ultimate risk management problem, bringing in a diverse range of experts to articulate the scale of the challenges we face today.

Day 2 will focus on the tools and techniques available to risk practitioners, bringing practical insights on the integration of climate and nature risks into day-to-day financial risk management.

Details

April 24, 2024, 8:30 AM - April 25, 2024, 2:00 PM

In-Person

Etc.Venues Fenchurch Street
8 Fenchurch Pl, London EC3M 4PB

Register Now

Contact

Questions can be directed to GARP Events at events@garp.com.

Pricing

Ticket Types Early
Register by January 31
Standard
Register by April 24
Certified* GBP 420 GBP 600
Non-Certifieds GBP 600 GBP 840

Certified are those who hold a FRM certification and/or SCR certificate **Pricing is inclusive of 20% VAT
Would you like to send 3 or more people? For special team registration rates please contact events@garp.com

Agenda

*Date and Time noted as

April 24, 2024

8:30 AM - 9:00 AM

Breakfast and Registration

9:00 AM - 9:15 AM

Welcome

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Speakers

Jo Paisley, President, GARP Risk Institute

9:15 AM - 10:00 AM

Embedding Climate and Nature in Risk Management: Stock Take on Progress and a Look Ahead

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  • What progress have financial institutions made toward embedding climate and nature into their risk management?
  • What are the key barriers to this embedding, and what work is being done to solve these problems?

Speakers

Chris Faint, Head of Climate Hub Division, Bank of England

Rene Ramos, EMEA Climate Risk Lead, JP Morgan

John Scott, Head of Sustainability Risk, Zurich Insurance Group

10:00 AM - 10:20 AM

Break

10:20 AM - 11:10 AM

Climate Change: The Ultimate Risk Management Problem

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  • What are the physical tipping points that will dangerously accelerate climate change and nature loss?
  • What could these tipping points mean for the transition to net-zero and adaptation to a new climate?
  • What are the positive social and economic tipping points that must be triggered to limit global warming to well below 2oC?

Speakers

Tim Lenton, Director, Global Systems Institute, University of Exeter

11:10 AM - 11:30 AM

Break

11:30 AM - 12:20 PM

Tipping Points in Economic and Social Systems

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  • What is the nature of rapid structural economic change and what does it mean for risk management? 
  • How can we take advantage of the positive feedback loops from economic tipping points to accelerate the net-zero transition?
  • What strategies can governments and financial firms adopt to harness the power of rapid structural change and tap into its opportunities?

Speakers

Dimitri Zenghelis, Senior Visiting Fellow at the Grantham Research Institute, London School of Economics, Special Advisor for the Wealth Economy Project at the Bennett Institute, University of Cambridge, and Partner at Independent Economics

12:20 PM - 1:20 PM

Lunch

1:20 PM - 2:10 PM

Understanding the Financial Risks and Opportunities from Nature

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  • What constitutes “nature” and what are nature-related financial risks and opportunities?
  • What tools are at our disposal for embedding nature in risk management and strategy at financial firms?
  • What firms have successfully integrated climate considerations into their strategies?
  • What sort of nature-related scenarios should we be using?

Speakers

Dr. Nicola Ranger, Executive Director, Systemic Resilience Programme, Environmental Change Institute, University of Oxford

2:10 PM - 3:10 PM

Breakouts - Understanding the Roadblocks to Net-Zero and Nature Positive

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Individual breakout sessions will explore the practical roadblocks holding firms back from fully embedding climate and nature in their strategies and day-to-day risk management.

3:10 PM - 3:30 PM

Break

3:30 PM - 3:45 PM

Reporting back from breakouts

3:45 PM - 4:30 PM

How Can Financial Markets Support the Transition to a Net-Zero and Nature Positive World?

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  • What actions are being taken by financial institutions to support the shift to a low-carbon, nature-positive economy?
  • What needs to happen next in financial markets to ensure we reach our net-zero and nature targets?
  • Do we fully understand the risks involved in the range of new products?

Speakers

Gordon Bennett, Managing Director, Global Head of Environmental Markets, Intercontinental Exchange, Inc.

Chris Dodwell, Head of Policy and Advocacy, Impax Asset Management

Sean Kidney, CEO, Climate Bonds Initiative

4:30 PM - 5:15 PM

How Policies and Regulations Impact the Transition to a Net-Zero and Nature Positive World

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  • What actions are being taken by governments and regulators to support the shift to a low-carbon, nature positive economy?
  • How far can disclosures help us in making the transitions?
  • What needs to happen next in the policy and regulation landscape to make sure we reach our net-zero and nature targets?

Speakers

Dylan Tanner, Executive Director and Co-Founder, InfluenceMap

5:15 PM - 7:00 PM

Networking Reception

April 25, 2024

9:15 AM - 9:30 AM

Welcome and Day One Recap

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Speakers

Jo Paisley, President, GARP Risk Institute

9:30 AM - 10:30 AM

Using AI: A Stochastic Approach to Scenario Analysis

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  • What is the difference between stochastic and deterministic scenario analysis?
  • What are the potential benefits of stochastic analysis of climate change?
  • What insights can we gather about climate and nature risk from the use of stochastic scenario analysis?

Speakers

Dr. Ron Dembo, Founder and CEO, riskthinking.AI

10:30 AM - 11:00 AM

Break

11:00 AM - 11:45 AM

Developing Analytical Tools for Climate and Nature Risk

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  • What are the best analytical tools and approaches for incorporating climate and nature related risks into risk management?
  • How can you backtest?
  • How the tools differ across different types of businesses and portfolios?
  • How far should climate and nature be embedded into risk models?
  • How does nature risk differ in its requirements to climate risk? 

Speakers

David Carlin, Head of Risk, UNEP FI

Dr. Ron Dembo, Founder and CEO, riskthinking.AI

11:45 AM - 12:30 PM

Meeting Supervisory Climate-Related and Environmental Risk Management Expectations

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  • How do we know what is good enough for the regulator? 
  • Addressing key areas of difficulty like SME modelling and Supply chains.
  • What strategies are there to overcome the key challenges, including data, building capability, training and culture, and more?
  • What have we learned from climate risk management that can help us with nature risk? 

Speakers

Panayiotis Dionysopoulos, Head of Capital, International Swaps and Derivatives Association (ISDA)

12:30 PM - 2:00 PM

Closing Remarks and Lunch

Speakers/Moderators

Gordon Bennett

Gordon Bennett
Managing Director, Global Head of Environmental Markets, Intercontinental Exchange, Inc.

David Carlin

David Carlin
Head of Risk, UNEP FI

Dr. Ron Dembo

Dr. Ron Dembo
Founder and CEO, riskthinking.AI

Panayiotis Dionysopoulos

Panayiotis Dionysopoulos
Head of Capital, International Swaps and Derivatives Association (ISDA)

Chris Dodwell

Chris Dodwell
Head of Policy and Advocacy, Impax Asset Management

Chris Faint

Chris Faint
Head of Climate Hub Division, Bank of England

Sean Kidney

Sean Kidney
CEO, Climate Bonds Initiative

Tim Lenton

Tim Lenton
Director, Global Systems Institute, University of Exeter

Jo Paisley

Jo Paisley
President, GARP Risk Institute

Rene Ramos

Rene Ramos
EMEA Climate Risk Lead, JP Morgan

Dr. Nicola Ranger

Dr. Nicola Ranger
Executive Director, Systemic Resilience Programme, Environmental Change Institute, University of Oxford

John Scott

John Scott
Head of Sustainability Risk, Zurich Insurance Group

Dylan Tanner

Dylan Tanner
Executive Director and Co-Founder, InfluenceMap

Dimitri Zenghelis

Dimitri Zenghelis
Senior Visiting Fellow at the Grantham Research Institute, London School of Economics, Special Advisor for the Wealth Economy Project at the Bennett Institute, University of Cambridge, and Partner at Independent Economics

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