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Environmental, Social and Governance (ESG) risk: Webinars & resources

Brought to you by ICAEW Financial Services Faculty, this is a series of events and resources to help appreciate the challenges and opportunities of better understanding environmental, social and governance (ESG) risk through provision of better information

ICAEW Financial Services Faculty are delighted to present a series of hour-long webinars including audience participation through polls and Q&A to enable the participating subject matter expert showcase their knowledge and experience. They will be hosted by an ICAEW technical expert with the option for additional speakers (ie financial services decision maker). The webinar will be accessible on demand and shareable for a period of time after the event. Following this, it will be exclusive to those who have memberships of ICAEW Financial Services Faculty, such as Banking, Insurance or Investment Management.

Topics proposed (and is subject to change)

Webinar 1 of 6:

The Science behind climate change, net zero transition and planetary health and its implications to FS organisations

The London School of Hygiene and Tropical Medicine (LSHTM) has done ground-breaking research in several specific areas related to climate change and ESG considerations. These are for example The Pathfinder Commission for a Zero-Carbon future for Health, deforestation and the shifting spread of infectious disease and Environmental Epidemiology. They are keen to share the insights gained and suggestions of tying them back to risk management.

Additional expertise to be provided by: The London School of Hygiene and Tropical Medicine. The format will be a panel discussion between three scientists from LSHTM and Hitesh Patel, Chair of the ICAEW FSF Insurance Committee.

Webinar 2 of 6:

Data: What data is necessary, available and what are the alternatives

The most often cited challenge organisations face is lack of data. However, this must not stop them in their preparation for the changing environment. There is more data available than it first appears and there are always alternatives.

Additional expertise to be provided by a data consultant

Webinar 3 of 6:

Physical risk: What can be modelled and how is it relevant? How does it affect risk and its management?

Physical risk experts blend economic modelling with climate science to help you reduce risks, identify new opportunities, and build resilience in the face of climate change. They support financial institutions, corporates and governments around the world building on extensive experience across sectors to provide data-driven solutions tailored to specific needs.

Transition risk: What are the likely changes and how do they affect risk?

Regulatory requirements, the risk of impairment of assets, stakeholder pressure, changes in growth patterns, and competitive differentiation drive more and more financial organisations to develop a strategy to integrate ESG risks into their activities. 

Webinar 4 of 6:

How does climate risk fit into firms’ overall risk management? How do we turn the project into business as usual?

The Global Association of Risk Professionals (GARP) is leading organisation for risk management professionals. They have done a great amount of work exploring how risks related to climate change and ESG consideration need to be built into a firm's overall risk management. Sharing their insights with ICAEW’s audience help appreciate the systemic thinking necessary for comprehensive reporting.

Additional expertise to be provided by: GARP

Webinar 5 of 6:

How does reporting satisfy investor expectation? How do we achieve consistent and comparable reporting?

To enable investors make the right decisions relevant, reliable and comparable information is needed. At present the vast number of guides, regulations and directives on the market place induce corporate inertia. The Climate Disclosure Standards Board (CDSB) is the host of the TCFD knowledge hub and provides the best available practice at present.

Additional expertise to be provided by: CDSB 

Webinar 6 of 6:

The assurance of reported ESG information

How do we ensure that the information disclosed is relevant and reliable? What framework assurance can be provided against? What are the chances of convergence?

ICAEW’s Financial Services Faculty provides a forum for financial services experts to work together to create a consistent assurance framework of ESG disclosures.

Expertise provided by ICAEW  

Resources

Please also find below a series of articles, links and related webinar recordings to support you with this intriguing and extensive topic.

ICAEW Financial Services Faculty Articles

ICAEW Financial Services Webinar Recordings

ICAEW Financial Services Faculty

This webinar is brought to you by ICAEW Financial Services, which offers three memberships: Banking, Insurance or Investment Management. Each membership gives you access to exclusive premium content including practice tips, essential guides, webinars, regular eBulletins and extensive online resources focused on technical information to support your career. For more information about Financial Services Faculty membership and our latest joining offers, please visit icaew.com/joinfsf. For more information about Faculties Online, please visit icaew.com/subscribefo.