Spotlight on: Climate risk and the financial sector
How can board directors better oversee their companies’ climate transition strategies? Our video series, in collaboration with HSBC, is designed for NEDs of banks and reinsurance companies.

These five short videos, around 20 minutes each, look at different ways climate risk can affect financial sector businesses, with topics including disclosure, stress testing, and regulatory and legal considerations. 

They are designed for an international audience and delve into areas that are unique to the financial sector, largely derived from the work undertaken by leading central banks such as the Bank of England and Banque de France, as set out by the Network of Central Banks and Supervisors for Greening of the Financial System (“NGFS”). 

Spotlight on… 

This ‘Spotlight on’ series has been developed from a series of joint webinars that HSBC and Chapter Zero held in 2020, focused on how board directors could better oversee their companies’ climate transition strategies. 

Each video includes: 

  • An introduction by  Zoë Knight, Managing Director, Group Head, HSBC’s Centre of Sustainable Finance 
  • A NED perspective by  Francesca Tondi Guy, former banker, board member of UniCredit Group and chair of its ESG committee. 
Zoë Knight
Francesca Tondi Guy
Part 1: Climate change and the impact on financial institutions

Speaker:
Dr. Daniel Klier – Former Global Head of Sustainable Finance at HSBC

Part 2: Regulatory response to risks associated with climate change

Speakers:
Stephanie Maier – Former Director, Responsible Investment, HSBC
Dr. Daniel Klier – Former Global Head of Sustainable Finance at HSBC

Part 3: Legal implications of climate-related governance failures

Speaker:
Sarah Barker – Partner and Head of Climate Risk Governance, Minter Ellison

Part 4: Climate disclosure, data and insights

Speaker:
Paul Simpson – co-founder and CEO, CDP

Part 5: Scenario analysis and stress testing: assumptions and drivers

Speaker:
Raf Hussain – Global Head of Strategic Planning and Stress Testing, HSBC

The original Financial Services series

Here are the full webinar recordings and presentations:

Part 1 of 5: Overview of the impact of climate change on financial institutions

Hosted on 14 July 2020

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You can view the presentation slides here.

Part 2 of 5: How policies and regulation are evolving to respond to the climate crisis – A response from policymakers and regulators

Hosted on 5 August 2020

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You can view the presentation slides here.

Part 3 of 5: Disclosure: Status quo and roadmap ahead

Hosted on 1 September 2020

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You can view the presentation slides here.

Part 4 of 5: Scenario analysis and stress-testing

Hosted on 29 September 2020

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You can view the presentation slides here.

Part 5 of 5: Managing physical and transition climate risk

Hosted on 12 October 2020

Watch

You can view the presentation slides here.