Webcast Recording 

How to Integrate Climate into Credit Risk

February 27, 2025

This event has passed.

Overview

In this webcast, we are joined by two senior credit risk managers as we take a deep dive into how credit risk methodologies are being adapted to include climate risk.

Physical, transition, and systemic climate risks can all impact a borrower’s cash flow, capital and collateral – and therefore their creditworthiness. This impact will only grow as global temperatures continue to increase. As a result, lenders are increasingly considering climate-related risks in their credit management process.

However, there are many challenges to integrating climate into credit risk methodologies; for example, firm and household-level data usually must be extrapolated from industry or regional level data. That’s why this webcast will bring together two credit risk experts to discuss:

  • How climate risk impacts credit risk management and modelling;
  • What are some of the common challenges facing credit risk management; and
  • How climate and ESG can be integrated into internal borrower ratings in a practical qualitative way.

Details

February 27, 2025
4:00 PM - 5:00 PM GMT

Online
Link Emailed Upon Registration

Contact

Questions can be directed to the
GARP Events team.

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Speakers

Edward Baker

Edward Baker

Net Zero Manager, LGPS Central
Edward Baker

Edward Baker

Net Zero Manager, LGPS Central

Ed leads the implementation of LGPS Central net-zero programme, which covers public and private asset classes as well as OECD and emerging markets. Prior to joining LGPS Central, Ed was head of climate policy at PRI and a member of UN convened Net-Zero Asset Owner Alliance secretariat, where he led PRI’s work on climate-related disclosure, the Inevitable Policy Response, and public policy. Before joining PRI, Ed work for the UK Foreign Office and was awarded an MBE for his service to UK–Chinese relations on green finance.

Jo Paisley

Jo Paisley

President, GARP Risk Institute
Jo Paisley

Jo Paisley

President, GARP Risk Institute

As President of GARP Risk Institute, Jo Paisley helps lead research and thought leadership for GARP and the broader risk community.

Jo Paisley’s career began at the Bank of England where she worked in various economist roles, ran the Statistics Division and spent the last part of her career in Supervision. Her last role was as a Director of the Supervisory Risk Specialist Division within the Prudential Regulation Authority. This area provided deep technical risk expertise to front line supervisors across all risk disciplines, covering banking and insurance. She was also heavily involved in the design and execution of the UK’s first concurrent stress test in 2014.

She left the Bank in 2015 and joined HSBC as their Global Head of Stress Testing, where she was responsible for ensuring that they met all their regulatory stress testing requirements around the world. She has also worked as an independent stress testing consultant, advising firms on how to get the most value out of stress testing. Jo studied Philosophy, Politics and Economics at Magdalen College, Oxford, before completing her MPhil in Economics at Nuffield College, Oxford.


Prof. Simon Dietz

Prof. Simon Dietz

Transition Pathway Initiative Centre (TPI Centre) Research Director, and Professor of Environmental Policy, Department of Geography, LSE
Prof. Simon Dietz

Prof. Simon Dietz

Transition Pathway Initiative Centre (TPI Centre) Research Director, and Professor of Environmental Policy, Department of Geography, LSE

Simon Dietz is an environmental economist with particular interests in climate change and sustainability. He has published research on a wide range of issues and works with governments, businesses and NGOs on topics of shared interest, such as carbon pricing, institutional investment, and insurance. Simon is based at the London School of Economics and Political Science (LSE), where he is Professor of Environmental Policy in the Grantham Research Institute on Climate Change and the Environment, and the Department of Geography and Environment. He is also Research Director of the LSE Transition Pathway Initiative (TPI) Centre, co-editor of the Journal of the Association of Environmental and Resource Economists, a CEPR Research Fellow, a CESifo Research Network Fellow, and a Fellow of the Royal Society of Arts. He is a former Vice President and Council Member of the European Association of Environmental and Resource Economists, and was a Food System Economics Commissioner.

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