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Summary
The tumultuous landscape of 2022 saw numerous billion-dollar weather and climate disasters, resulting in an estimated $313 billion in losses. As we anticipate Climate Week and COP28, the Finance theme underscores the imperative of modeling and quantifying the financial implications of the combination of physical impacts and the transition to a low carbon economy.
Financial institutions are demanding climate risk analytics with ever-greater levels transparency, robust scientific underpinning, and realism.
In this webinar, S&P Global, in partnership with Oliver Wyman, will explore the current frontiers of climate risk analytics. Participants can expect to gain an understanding of the latest approaches and capabilities to address market needs for modeling physical and transition climate-related financial risks.
Speakers
S&P Global Market Intelligence
Prerna Divecha
S&P Global Market Intelligence
Global Head of Market Development for ESG & Climate Credit Risk
Prerna leads the global market strategy for our Climate and ESG-linked Credit & Risk Solutions. She joined S&P Global Market Intelligence in May 2017 as a Director in the Product Specialist team for Credit Risk Solutions, leading efforts in Southeast Asia and Japan. Previously she was at Fitch Ratings where she was part of the Business and Relationship Management team in Singapore managing new business initiatives for the corporate ratings business. Prior to that, she spent 2 years at Standard Chartered on the debt markets desk, where she assisted Indian corporates in issuing debt in G3 and select Asian currencies, such as SGD and JPY. She also spent 7 years in J.P. Morgan’s investment banking team, covering financial institution clients in India. Prerna is a certified Chartered Accountant from India.
Alban Pyanet
Oliver Wyman
Partner
Alban Pyanet is a Partner based in Oliver Wyman’s New York office with deep expertise in sustainability, climate change risk, and capital and risk management.
Alban Pyanet is a Partner based in Oliver Wyman’s New York office with deep expertise in sustainability, climate change risk, and capital and risk management.
He helps financial institutions integrate climate related considerations into financial risk management practices such as climate scenario analysis and stress testing, underwriting, climate-related limits, and climate risk appetite. Most recently, Alban has been supporting systemically important financial institutions (SIFI) to meet regulatory expectations on climate risk (including the Bank of England’s PRA climate stress test exercise) and to implement the recommendations of the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD).
In addition to his consulting work, Alban leads the firm’s development of Climate Credit Analytics, a climate scenario analysis and credit analytics model suite, developed in collaboration with S&P Global. He also supported a working group of 16 global banks (convened by the UN Environment Program – Finance Initiative) to develop a methodology to assess climate risks and opportunities in banks’ corporate lending portfolio.
He has authored several publications on the topic of climate risk, is a frequent speaker at industry events, and serves on the finance panel of the SENSES project, a global expert working group convened by the climate science community to develop the new generation of climate scenarios.
Alban initially joined the Paris office of Oliver Wyman following his graduation from ESCP Europe and transferred to New York in 2013.
S&P Global
James McMahon
The Climate Service, now a part of S&P Global
CEO, The Climate Service
James McMahon founded The Climate Service with the vision that every economic decision on Earth should incorporate climate change. The company’s risk analytics software as a service gives investors and corporate managers the financial information they need to incorporate climate-related risk into their decisions.
McMahon began his career in global change by studying physics at Harvard University, and atmospheric chemistry at MIT under the guidance of Nobel Laureate Mario Molina.
McMahon went on to accumulate 10 years experience inside a multinational corporation, including managing Coca-Cola’s consumer marketing technology group. He then led three small technology firms as COO and CEO. He served for 6 years as Senior Advisor to the Director of NOAA’s National Centers for Environmental Information. He was CEO of The Collider – a groundbreaking nonprofit innovation center for climate solutions.
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