Categoria eventi: Chapter Zero

Despite being a complex challenge, the development of an effective methodology to evaluate the impact of climate on the company s activity (and vice versa) is increasingly becoming a priority for firms and investors. As a consequence, the demand for disclosure of climate-related risks and opportunities is rapidly growing. Firms are responding by applying guidelines such as those of the Task Force on Climate-Related Financial Disclosures (TCFD, 2017) and the updated version of the Non-Binding Guidelines on Non-Financial Reporting of the European Commission (NBG, 2019). Besides, they are progressively implementing key initiatives from the European Action Plan on Financing Sustainable Growth such as the EU Taxonomy.

At the same time, think tanks, research centres, and data providers have proposed several tools and approaches to carry out such evaluations; hence, considerably widening the available instruments.

In this context, on November 20, 2020 Fondazione Eni Enrico Mattei, in collaboration with the Italian Sustainable Investment Forum and Nedcommunity, organises, for the third year, an online workshop where high-level international experts will present some of the most interesting methodologies and approaches in this field. The presentations will be followed by a virtual round table and a Q&A session to discuss the impact that these assessment methodologies may have on the financial sector and on the companies’ business activities.

This workshop is part of the FEEM/DeRisk-CO project, which aims at stimulating a debate on the importance of assessing and disclosing climate-related risks and opportunities and their impact on financial performance, with a particular focus on Italian businesses.

Agenda

9.00 – 9.10   Greetings – Stefano Pareglio, Scientific Coordinator – FEEM / Firms and Cities Transition towards Sustainability – Università Cattolica del Sacro Cuore

9.10 – 9.20 Groundbreaking – Arianna Lovera, Senior Programme Officer – Italian Sustainable Investment Forum (ItaSif)

9.20 – 9.40 -Carbon Disclosure Project’s Climate-related Risks and Opportunities Framework – Overview and insights

Nico Fettes, Head of Climetrics – CDP (Global)

9.40 – 11.00  – Measuring the Financial Impacts of Climate-related Risks – Chaired by:Speakers:

Riccardo Christopher Spani, Researcher – FEEM

Constanze Bayer, Analyst – 2 ⁰ Investing Initiative (Global)

PACTA — Aligning to Paris Agreement

Thomas Nielsen, Engagement Manager Finance Practice Lead – Vivid Economics (UK)

Measuring and Acting upon Investment Climate Risks

Torolf Hamm, Global Head, Catastrophe & Climate Risk Management – Willis Towers Watson (Global)

Climate Change – How to prepare an organization for the challenges that lie ahead?

Jean-Yves Wilmotte, Manager I Finance Practice Leader – Carbone4 (FRA)

Assessing Climate-related Risks – Carbone4’s Approach

11.00 – 12.00 Virtual Round Table Moderated by:

Sabrina Bruno, Full Professor of Private Comparative Law – Unical and LUISS G.

Carli – Nedcommunity and Chair Steering Committee of Italian Climate Governance Chapter

Participants:

Hasmeen Deol, Vice President on the Business Development team – Capital Dynamics SGR

Michele-Filiberto Marchese, Head of Institutional Client Coverage Italy – UBS Asset Management SGR

Angelo Meda, Head of Equities Investments and Portfolio Manager – Banor SIM

Francesco Sandrini, Head of Multi Asset Balanced and Total Return – Amundi

Marco Stampa, Sustainability Manager – Saipem SpA

12.00 – 12.45   Q&A with DeRisk-CO companies Moderated by:

Riccardo Christopher Spani, Researcher – FEEM

12.45 Conclusions

Riccardo Christopher Spani, Researcher – FEEM

Clicca QUI per la registrazione del webinar.

There is still no general consensus on the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP), neither there is an agreement on the theoretical framework that explains the contradictory results that have emerged over time. A number of reasons may contribute to generating this kind of confusion, from the data used to the chosen modelling framework. Linear models have dominated the scientific debate, but lately non-linear models have been developed, offering a new perspective on the relationship between CEP and CFP. Trumpp and Günther find a U-shaped relationship between carbon performance and profitability as well as between waste intensity and profitability.

This webinar is aimed at shedding light on the reasons why there is such a heterogeneity regarding the research results and providing a deep commentary of the paper’s results, offering a new point of view on the issue.

Speaker: Thomas Günther, Professor, Technische Universität Dresden, Faculty of Business and Economics.

Discussant: Manuela Mazzoleni, Direttore Operations e Mercati, Assogestioni.

Presenter: Riccardo Christopher Spani, Researcher, Fondazione Eni Enrico Mattei.

This webinar is part of the FEEM/DeRisk-CO project, which aims at stimulating a debate on the importance of assessing and disclosing climate-related risks and opportunities and their impact on financial performance, with a particular focus on Italian businesses.

Understanding the relationship between firms’ financial performance and their environmental, social and governance (ESG) performance is a challenge that scholars have been tackling since the Seventies. However, as time passes by, the technology develops, and the data availability increases, the tools and methodologies developed to assess and measure this relationship diverged in many aspects. This heterogeneity is particularly pronounced in the ESG rati ngs, and as it appears clear, it may contribute to generate a certain degree of confusion. For this reason, some scholars have attempted to trace the disagreement between the ESG ratings of five prominent rating agencies.

This webinar is aimed at providing an in-depth commentary of the results that emerge from the paper, offering to the stakeholders useful insights when it comes to interpret data and research outcomes.

Speaker: Roberto Rigobon, Professor at MIT Sloan School of Management

Discussant: Simone Chelini, Head of ESG and Strategic Activism at Fideuram Investimenti SGR Presenter: Riccardo Christopher Spani, Researcher at Fondazione Eni Enrico Mattei

This webinar is part of the FEEM/DeRisk-CO project, which aims at stimulating a debate on the importance of assessing and disclosing climate-related risks and opportunities and their impact on financial performance, with a particular focus on Italian businesses.

Register HERE