Climate Risk Management: Aspects of Different Institutions

Overview

According to OMSZ, the Hungarian Meteorological Service, in the summer of 2022 Hungary’s average temperature was the highest since 1901. The direct cost of the historical drought was several hundred billion forints and was a significant drag on the country’s GDP growth. How will risk management departments tackle the financial challenges related to climate change?

Join us to hear three presentations on different aspects of climate risk management from David Marczis, senior risk analyst at The Central Bank of Hungary, Madeleine Helms, climate change specialist at MSCI, and Balázs Bozsik, senior manager at PWC. Dávid will introduce the role of central banks in climate risk management and Madeleine will present practical ways of building investment portfolios aligned with the goals of the Paris Agreement. Finally Balázs will highlight the competitive advantage driven by climate risk management.

The presentations will be followed by a panel discussion and audience Q&A including Bálint Szaniszló, lead ESG expert at Erste Bank. Following the program, participants are invited for a networking reception at the Hungarian Money Museum, where they may also visit the museum’s exhibitions.

Agenda

6:30 – 6:35 pm: Welcome/introduction

6:35 – 6:50 pm: Climate Risk Management: a Central Bank Perspective. By Dávid Marczis.

6:50 – 7:05 pm: Case Study: Building Net-Zero Portfolios. By Madeleine Helms.

7:05 – 7:20 pm: Climate change challenge or opportunity - risk management as a competitive advantage. By Balázs Bozsik

7:20 – 8:15 pm: Panel discussion with Bálint Szaniszló and presenters.

8:15 – 9:30 pm: Networking at the Hungarian Money Museum

Meeting Location

Magyar Nemzeti Bank,

Supervisory Center (Money Museum, Buda Palota),

Krisztina krt. 6, 1122

Attendees qualify for 1 GARP CPD credit.

Details

March 29, 2023
6:30 PM - 9:30 PM

In-Person

Krisztina krt. 6, Budapes, 1122

Chapter Directors

Daniel Homolya
FX Strategy Manager Diageo

Peter Sziklai
Executive Director Morgan Stanley

Committee Members

Attila Tomosvary
Stress Testing and Portfolio Risk Executive Director Morgan Stanley

Norbert Palmai
Quantitative Research Vice President BlackRock

Tamas Gombar
Quantitative Analyst Vice President Citi

David Marczis
Senior Risk Manager Magyar Nemzeti Bank (the central bank of Hungary)

Dávid Marczis

Dávid Marczis has 14 years of experience in risk management. Currently he is working on the implementation of climate risk reporting stream at the risk management department at MNB. Previously Dávid headed Market and Operational Risk Management at Sberbank Hungary.

He studied at Corvinus University of Budapest and the University of Hull in England. Dávid is a senior member of the Heller Farkas College for Advanced Financial Studies.

Bálint Szaniszló

Bálint has over 15 years of experience in banking. Since early 2022 he has headed the Sustainability Office of Erste Bank Hungary, leading the green transformation of the bank. Between 2015 and 2021 he was responsible for risk planning and reporting in the Strategic Risk Department of Erste including tasks related to ESG risks.

Earlier in his career, Bálint was a macroeconomic analyst in OTP Bank. He graduated from the Corvinus University of Budapest in 2006 and holds the Sustainability and Climate Risk (SCR®) certificate from GARP.

Madeleine Helms

Madeleine Helms is at MSCI helping institutional investors to implement a Climate Risk Management and Net-Zero strategy. She also supports financial market participants with industry and regulatory reporting guidelines. In her previous role she worked with Fortune 500 CEOs on building a framework for a Net-Zero Transition.

Madeleine has an MSc in Environmental Management and Policy and has devoted her career to supporting financial institutions wanting to accelerate their climate ambition, bring awareness to climate change, and offer tangible solutions to move in the right direction.

Bozsik Balázs

Bozsik Balázs is PwC’s global ESG platform driver in Hungary with the PwC ESG business services team. His main focus is business development, both for financial services and other clients. Balázs began his career in the telecommunications industry in product development for B2B data services. There he gained experience with large local and international organizations as well as startups.

In 2006 Balázs turned towards capital markets, spending ten years at Erste Group followed by six years at the Budapest Stock Exchange leading sales and marketing teams and focusing on strategic business development. Since 2017, he has specialized in ESG, and his main role is to support sustainable finance-related projects as strategic advisor. Balázs was a member of the FESE Federation of European Securities Exchanges (sustainability workgroup) and the Sustainable Stock Exchanges U.N. initiative. He was a member of the supervisory board at KELER CCP and chairman of the supervisory board of the Budapest Institute of Banking.

Chapter Meeting

Budapest, Hungary