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Summary
This webinar will explore the key challenges and share best practices related to climate scenario analysis for diversified investment portfolios. The discussion will cover:
- How climate scenario analysis provides investors with a structured approach to assess the potential impacts of different environmental and economic outcomes on their portfolios.
- The challenges involved in applying a universal framework across diverse exposure types, including corporates, financial institutions, and sovereigns.
- Best practices for tailoring the analysis, quantifying risks (such as credit and market risks), and identifying opportunities for financing.
Moderator
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.
Speakers
S&P Global Market Intelligence
Titos Matsakos
Buy Side Risk Product Manager – Financial Risk Analytics
Titos Matsakos is a Financial Risk Analytics Director at S&P Global Market Intelligence. In his role as a Buy Side Risk product manager, he works with external and internal stakeholders to identify client needs, design new features, and implement the product strategy for climate and market risk. With over 18 years of experience in product development and advanced analytics, Titos has led projects in risk management, quantum computing, data science, algorithmic trading, and NASA-funded research. He holds a PhD in Astrophysics, an Executive MBA, the FRM and SCR certificates, and two MSc degrees in Finance and Physics.
S&P Global Market Intelligence
Giorgio Baldassarri
Global Head, Analytical Development Group
Giorgio leads the Analytical Development Group, part of S&P Global Market Intelligence’s Credit Risk Solutions. His team includes highly-skilled individuals with multiple qualifications in the financial and quantitative space (FRM, CFA, PhD) and develops all credit risk statistical models that power the Credit Analytics product.
Giorgio’s team developed several statistical models to assess credit risk of public and private companies, more recently including a trade-payment model that was used to succesfully monitor payment behaviour of SMEs during the 2020 pandemic.
On the climate-change front, Giorgio’s team developed two statistical models that estimate the financial and credit risk impact of energy transition scenarios on public and private firms:
- Climate Credit Analytics, developed with Oliver Wyman, offers a sector-specific, bottom-up approach for companies operating in carbon-intensive sectors.
- Climate Risk Gauge, developed internally, offers a consistent and scalable view across all industry sectors.
Giorgio regularly speaks at international credit risk conferences, webinars and events (RiskMinds, RISK EMEA, IECA). More recently, he authored a paper in the Journal of Energy Markets on the credit risk implications of various carbon tax scenarios (Journal of Energy Markets, Vol 13, number 2, pages: 1-24, June 2020) and spoke at several conferences (IRMC 2020, EDHEC 2020), panel discussions (“Navigating climate risk as a financial risk”) and webinars (“Tackling climate change for banks: the culture, the data and the analytics”) on banks’ challenges to implement climate-related stress testing scenarios, climate-related scenario analysis and credit risk assessment in TCFD reporting, and impact of various carbon tax policies on public companies credit-worthiness.
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Aviva
Jonathan Meagher
Aviva
Physical Risk Senior Manager
Questions?
Please contact us if you need more information or have trouble accessing the webinar.