Event: Moving ahead on climate change: Tackling climate risks in financial services

Date: Thursday, 4 February, 2020

Time: 10:00 –11:00 a.m., followed by 30 minute Q & A

According to The Taskforce on Climate-related Financial Disclosures, climate change is one of the most significant and perhaps most misunderstood risks that businesses face today. It is also an immediate risk that bankers and insurers are now assessing with the sector already adopting climate risk statements as they move to embracing net-zero emissions.

However, challenges around adequate scenario modelling and risk evaluation to allow financial disclosures remain. This panel brings together representatives from the banking and financial services industry to shed light on these issues and how the industry can respond to its risks and complexities.

Session Panelists

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Dr. Pierre Wiart

Head of Consulting and Risk Management, CoreLogic

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Ernst Rauch

Chief Climate and Geo Scientist, Munich RE

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Jacki Johnson

Co-Chair of the Australian Sustainable Finance Initiative

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Tanya Fiedler

Moderator, Sydney Environment Institute

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Zoe Whitton

Head of ESG Research, Citi

Dr. Pierre Wiart

Head of Consulting and Risk Management, CoreLogic

Pierre is a senior global risk transfer director with two decades’ experience in all aspects of risk transactions including (re)insurance underwriting, enterprise risk management, portfolio, structured risks and fund management. Pierre leads CoreLogic’s consulting and risk management team in Australia and New Zealand with a focus on climate risk strategy execution and risk management solutions for the insurance, banking and government sectors.


Pierre is a Graduate of the Australian Institute of Company Directors (GAICD), a senior associate of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF - Snr Assoc CIP), and holds a PhD in Physical Geography from the University of Cambridge, UK.

 

Ernst Rauch

Chief Climate and Geo Scientist, Munich RE

In June 1988, Ernst Rauch joined Munich Re Munich.


Today, Ernst is Munich Re’s Chief Climate and Geo Scientist with a professional background in geophysics and meteorology. He is responsible for the strategic positioning of Munich Re with respect to climate and natural catastrophes related topics, where his external stakeholders range from insurance clients to scientific organizations and think-tanks to investors, political representatives and the media and broader public. His expertise in the climate domain includes risk management solutions for climate and natural catastrophes risk and energy transition related technologies (renewable energies, energy storage systems).


Ernst is also Munich Re’s Global Head Climate and Public Sector Business Development. In this capacity he is responsible for the acquisition of new clients in the public and supranational domain with focus on governments, sub-governmental organizations and multilateral development banks. Furthermore, Ernst represents Munich Re in several UN-COP side-events, to raise awareness for the importance of insurance solutions in the natural catastrophe and climate change context and to reduce the so-called insurance gap.


Ernst represents Munich Re in a number of insurance think-tanks and Public-Private-Partnership organizations like the Geneva Association and the Insurance Development Forum (IDF). He is leading Munich Re’s partnership with the German National Academy of Science and Engineering (acatech) and has memberships with several national and international scientific associations.

 

Ernst is a member of the Senior Executive Management of Munich Re in Munich.

Jacki Johnson

Co-Chair of the Australian Sustainable Finance Initiative

Jacki is an Advisor to the IAG Board on Climate Change and Sustainability and was formerly Group Executive, People, Performance & Reputation at IAG, responsible for the functions of people and culture, corporate and government affairs, safercommunities, the Australian Business Roundtable for Disaster Resilience & Safer Communities and the IAG Foundation. She is also an elected member of the UNEP FI Global Steering Committee holding the role of Co-Chair, a member of Chief Executive Women and a member of theSteering Committee for Sydney 100 Resilient Cities.


From 2010 to 2016, Jacki was Chief Executive of IAG’s New Zealand business. Former roles include President of the Insurance Council of New Zealand, Chair of the Christchurch Recovery Chief Executives' meeting, and Executive Director IAG New Zealand. In addition, Jacki is a Non-Executive Director of Community First Credit Union and a member of the Corporate Governance Committee. Jacki is also a Phd Candidate at UOW focussing on organisational resilience.

 

Tanya Fiedler

Moderator, Sydney Environment Institute

Tanya Fiedler is a lecturer in the Discipline of Accounting. Tanya’s current research interests lie in the ways in which the measurement methods and data of science are translated into accounting information. In this regard, Tanya has a particular interest in accounting for the climate. Tanya completed her PhD at the University of New South Wales (UNSW), Australia in 2016. Tanya’s thesis examined the making of Australia’s first nation-wide carbon market, by means of a longitudinal analysis of archival documents spanning15 years.


Tanya is currently working with multiple partners in industry and the climate science community, to examine how climate models and data can be utilised by the financial services and investment sector to manage climate opportunities and risk. Prior to her academic career, Tanya worked as a consultant for Energetics, a specialist carbon and energy consultancy.

 

Zoe Whitton

Head of ESG Research, Citi

Zoe Whitton is the Head of Australian ESG Research at Citi. She previously covered ESG and thematics at Credit Suisse and at Bank of AmericaMerrill Lynch. She has also worked as an analyst at the Oxford Smith School and the Stockholm Environmental Institute, served as a youth delegate to the UNFCCC, and worked in management consulting in the energy and industrials sectors.


She sits on the Management Committee of the Investor Group on Climate Change, presently acts as a mentor at EnergyLab, and is a member of the founding committee of Women in Sustainable Finance. She holds Masters degrees in environmental policy and economics from Oxford University and the University of Queensland.