Net-Zero Transition Plans: A Guide for Risk Professionals

Hear from Tony Rooke, Executive Director at the Glasgow Financial Alliance for Net-Zero, as we delve into the importance of net-zero transition plans for financial institutions.

Financial institutions are increasingly recognizing the importance of having credible transition plans that outline how they will manage the risks and opportunities associated with the transition to a net-zero economy. This includes setting targets for reducing their own emissions, as well as supporting their clients to do the same.

In this webcast, we will discuss the benefits of having a net-zero transition plan, including increased resilience to climate-related risks, improved reputational value, and access to new market opportunities. We will also explore how financial institutions can develop effective net-zero transition plans, including engaging with stakeholders, setting ambitious targets, and tracking progress over time. We’ll answer a range of questions, including:

• Why you need a transition plan to mitigate climate risk and optimise opportunity;
• What does a good transition plan look like; and
• How to get started on your transition plan.

Speakers

Tony Rooke

Executive Director and Head of Transition Finance, GFANZ

Dr Tony Rooke is Executive Director and Head of Transition Finance at GFANZ. He leads technical lead work in transition planning and transition finance, real economy, and energy transition. Much of this focuses on ensuring that financial institutions can understand and strategize for the scale and timing that specific sectors need for transition finance.

Prior to GFANZ, Tony was Senior Director for Transition Risk at WTW, where he led net-zero transition, TCFD and decarbonisation strategy advisory, and helped formulate the principles and methodology for the transition plan accreditation scheme: Climate Transition Pathways.

Tony has over 25 years of global experience in climate change, sustainability, strategy, advisory and programme delivery. Prior to WTW, he was global Director for Disclosure at CDP (formerly Carbon Disclosure Project) responsible for defining, delivering, and assessing climate disclosures from over half of the world's companies by market capitalisation, and thousands of cities globally. He has led sustainability consulting practices, and conceived and led an award-winning environmental programme at Logica.

Jo Paisley

President, GARP Risk Institute

Jo has worked on a variety of risk areas at GARP Risk Institute, including stress testing, operational resilience, model risk management and climate risk. Her career prior to joining GARP spanned public and private sectors, including working as the Director of the Supervisory Risk Specialist Division within the Prudential Regulation Authority and as Global Head of Stress Testing at HSBC.