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Summary
Banks in the US anxiously await the announcement of the final U.S. Securities and Exchange Commission’s climate disclosure requirements in a few months. The initial proposed rule changes would require companies to disclose certain climate-related information, ranging from greenhouse gas emissions to expected climate risks to transition plans. Drawing from the TCFD framework, the proposals would provide investors with consistent, comparable, and decision-useful information for making investment decisions, and consistent and clear reporting obligations for issuers.
Even though regulatory mandates are not yet here in the US, they are coming. Risks associated with climate change present financial risks to banks and need to be factored into decision-making and strategic plans going forward.
As expectations from regulators and investors accelerate, join S&P Global Market Intelligence and leading banking industry executives as we discuss how banks can accelerate their plans to capture, measure, and disclose Scope 1, 2, and 3 emissions data and manage and report risks created by climate change.
Join us as we discuss:
- Best practices for measurement and disclosure of Scope 1, 2 and 3 GHG emissions
- How to overcome potential challenges with GHG emissions measurement and disclosure
- What presents a material risk for US banks
- Other risks to consider – physical and transition risk
- How to comply with TCFD and other voluntary frameworks and prepare for future regulatory requirements
Moderator
S&P Global Market Intelligence
Maureen McKenna
S&P Global Market Intelligence
Head of Partnerships and Business Development
Maureen McKenna is the Solutions Lead for U.S. Commercial Banks at S&P Global Market Intelligence. In this role, she produces segment specific thought leadership and identifies opportunities for Commercial Banks to partner with S&P Global to leverage our full suite of products. Maureen started her career with SNL Financial in 2008 and has been producing training seminars and executive level conferences for professionals at US Commercial banks for the last 14 years. Maureen gradated from the University of Virginia with dual degrees in Economics and Psychology.
Speakers
Drew Barker
Truist Bank
Senior Vice President, Head of Climate Risk Management
Drew Barker is the Head of Climate Risk Management within the Risk Management Organization at Truist Bank. In this role, Drew has established an integrated climate risk management framework for the institution which identifies and assesses the potential impacts from climate change. His team is also responsible for the calculation of financed emissions and developing interim emissions reduction targets in conjunction with the company’s goal to achieve net zero emissions by 2050.
Drew Barker is the Head of Climate Risk Management within the Risk Management Organization at Truist Bank. In this role, Drew has established an integrated climate risk management framework for the institution which identifies and assesses the potential impacts from climate change. His team is also responsible for the calculation of financed emissions and developing interim emissions reduction targets in conjunction with the company’s goal to achieve net zero emissions by 2050. Drew has been with Truist eight years, serving in various leadership roles including as the Director of Liquidity Management & Funding and the Head of Capital Adequacy and Resolution. Prior to joining Truist, Drew was a Senior Examiner with the Federal Reserve Bank of Atlanta supervising the implementation of enhanced capital and liquidity requirements across large financial institutions. Drew holds a Bachelor of Science from Georgia Institute of Technology in Management and an M.B.A. from Goizueta Business School at Emory University.
Danielle Reyes
Goodwin
Partner
Danielle Reyes is a partner in the firm’s Financial Industry group, providing broad regulatory compliance advice with a focus on responsible investment, financial regulatory matters, corporate social responsibility programs, non-financial reporting, and human rights. She also serves as a co-chair of the firm’s Environmental, Social and Governance (ESG) & Impact practice.
Danielle Reyes is a partner in the firm’s Financial Industry group, providing broad regulatory compliance advice with a focus on responsible investment, financial regulatory matters, corporate social responsibility programs, non-financial reporting, and human rights. She also serves as a co-chair of the firm’s Environmental, Social and Governance (ESG) & Impact practice. Her practice consists of:
- Creating ESG disclosures, policies, and programs
- Drafting ESG/sustainability reports and advising on other non-financial reporting matters
- Conducting ESG due diligence, advising on key performance indicators, and designing remediation and oversight programs in private equity transactions, venture capital investments, and mergers and acquisitions
- Preparing private companies to go public
- Advising on fair and responsible banking, financial inclusion, and Community Reinvestment Act issues
- Providing strategic advice on corporate philanthropy programs and corporate foundation issues
Danielle is a member of the American Bar Association. She is also an active member of the Leadership Council on Legal Diversity and has experience on multiple non-profit boards of directors. Danielle received her JD and LLM in International and Comparative Law from Duke University School of Law and her BA in Economics from Rice University.
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