AIST - ISF Climate Risk Masterclass Series

 
5 CPD
Print  

In partnership with the Institute for Sustainable Futures (ISF) at UTS, we are pleased to present our Climate Risk Masterclass Series

Helping funds and financial service professionals address APRA’s climate risk focus

Presented by climate experts from ISF alongside the Honourable Bob Carr, the series is a timely opportunity to unpack the outcomes from COP26 – the United Nations Climate Change Conference held in Glasgow this November.

Delivered in three parts over three weeks, the masterclass is designed to help superannuation fund employees and financial service professionals manage the complex financial risks and opportunities associated with climate change.

Interactive virtual program

3 x 90 minute sessions

Access content on-demand

Attendees will receive a foundation of how, why and where COP26 will impact superannuation funds over the coming decade and the knowledge to implement APRA’s draft Prudential Practice Guide on Climate Change Financial Risks (CPG 229).

Who should register?

This masterclass is designed for those working in superannuation or the financial sector. However, anyone interested in exploring the financial impacts of climate change on superannuation investment would benefit from attending.

You will walk away with:
  • Knowledge of the implications of COP 26 on Australia and its financial system
  • Awareness of the steps that economic sectors need to take to achieve net-zero emissions by 2050
  • Recognition of the ways superannuation funds can address APRA’s focus on climate risk

 

Program

The decisions made by nations at COP26 – the United Nations Climate Change Conference to be held from 31 October to 12 November 2021 in Glasgow, UK – will shape the investment environment for the coming decade. With leaders from 196 countries and around 20,000 accredited delegates expected to attend the event, the challenge for superannuation funds will be to understand the likely financial impacts on superannuation fund investments. Whether investing member money or answering questions from superannuation fund members, this masterclass will provide a foundation of how, why and where COP26 will impact superannuation funds moving forward.

Presenters:

  • The Honourable Bob Carr, Industry Professor (Business and Climate Change), UTS; Former Premier of NSW and Australian Foreign Minister
  • Dr Sven Teske, Associate Professor and Research Director, ISF

Learning Outcomes:

  • Understanding of implications of COP 26 on Australia and Australia’s financial system
  • Recognise the role of The Paris Agreement in driving transition to net zero emissions
  • Recognise international developments that have the capacity to shift financial markets

Net Zero is a term being increasingly used in the media – but how does it financially impact the investments made by superannuation funds? According to the United Nations body that assesses the science of climate change (IPCC), the definition of net zero is “when anthropogenic CO2 emissions are balanced globally by anthropogenic CO2 removals over a specified period.” With all Australian States and Territories already committed to reaching net zero by 2050, Australia’s economy is beginning the process of transformation. In the aftermath of COP26, this masterclass will unpack the financial implications of these targets.

Presenters:

  • Dr Sven Teske, Associate Professor and Research Director, ISF
  • Alison Atherton, Research Director, ISF

Learning Outcomes:

  • Understand issues around pathways to transition to net zero emissions by 2050 in key economic sectors and regions
  • Understand implications of State and Federal Government initiatives that support transition to net zero emissions.

APRA has released its draft prudential guidance on climate change financial risks, which closed for consultation on 31 July 2021. The draft PPG sets out APRA’s expectations on how a prudent APRA-regulated institution would take a strategic and risk-based approach to the management of the various risks and opportunities arising from climate change. It focuses on the expectations of APRA-regulated entities to engage with boards, sub-committees and senior management. This masterclass will unpack what the PPG means for super funds, whether they’re engaging with trustees or assessing the impact of climate risks and opportunities. 

Presenters:

  • Gordon Noble, Partnership Manager, Institute for Sustainable Futures; Co-author of Australian Sustainable Finance Roadmap
  • Alison Atherton, Research Director, ISF

Learning Outcomes:

  • Understand implications of APRA’s focus on climate risk on risk management practices of superannuation funds
  • Understand the experience of the Australian banking sector implementing Climate Vulnerability Assessments (CVAs)
17Nov
Registration
open
Start
1:00pm
Finish
2:30pm
NOTE: Times are in AEDT
Registration
Members
$960.00
Professional Subscribers
$1080.00
Starter Subscribers
$1140.00
Non-Members
$1200.00