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Summary
As global regulatory requirements evolve, financial institutions are increasingly called upon to assess the financial implications of physical climate risks in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) or International Sustainability Standards Board (ISSB). Recent events, such as wildfires in California and floods in North Carolina, have underscored the tangible financial impacts of these risks on businesses and assets.
Climate change amplifies traditional financial risks like credit and market risks, potentially leading to broader economic instability through significant losses and asset repricing. Mitigating financial losses tied to physical and transition risk remains a top priority of global financial institutions. It is crucial for investors, banks, insurers, and Real Estate Investment Trusts (REITs) to evaluate the financial exposure across their portfolios and identify specific hotspots.
Join us for an insightful session where we will delve into the quantification of physical climate risk and its financial impact on financial institutions. Our discussion will cover:
- Analyzing physical climate risk across various asset classes
- Accessing asset-level information for equity and fixed income exposure
- Quantifying financial impact based on unique vulnerabilities of assets
- Translating physical risk impacts into probability of default and loss given default
- Incorporating adaptation strategies into risk mitigation plans
Speakers:
S&P Global Sustainable1
Rohini Samtani
Sustainability Sales Specialist, Financial Institutions
Rohini Samtani serves as Business Development Manager for Climate Risk at S&P Global Horizons. She focuses on the strategic development of S&P Global Physical Climate Risk products across Asia and Middle east regions. Prior to joining S&P Global Horizons she was at Bloomberg engaging with their broad range of financial data products.
Rohini Samtani serves as Business Development Manager for Climate Risk at S&P Global Horizons. She focuses on the strategic development of S&P Global Physical Climate Risk products across Asia and Middle east regions. Prior to joining S&P Global Horizons she was at Bloomberg engaging with their broad range of financial data products. She had a key focus on business development of the Sustainable Finance solutions and solutions to banks in Southeast Asia region. She began her career as a news producer at finance news channel CNBC Asia Pacific. She graduated with a Bachelor of Social Sciences (Hons) in Communications and New Media from the National University of Singapore.
S&P Global Sustainable1
Sheila Oviedo
Product Director
S&P Global Sustainable1
Simon Parkinson
Climate Scientist, Climate Center of Excellence
Simon's work focuses on economic modeling of climate risks. Prior to S&P Global, Simon was a research scholar for 7 years at the International Institute for Applied Systems Analysis (IIASA), where he worked in energy and climate change research. Simon has over 40 peer-reviewed publications and was a contributing author for the Intergovernmental Panel on Climate Change (IPCC). Simon also developed climate scenario modeling tools for financial institutions and regulators in Canada, and as a consultant he supported companies in the US and Europe in quantifying their greenhouse gas emissions.
Simon holds a Ph.D. in Mechanical Engineering from University of Victoria.
S&P Global Sustainable1
Badeel Janjua
Director, Sustainability Sales
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