The environmental, social and governance (ESG) space is growing rapidly and increasingly moving centre stage. In many cases, it is now an essential part of policy and central to the way stakeholders make decisions for the long term to ensure retention of clients, manage risk better, and ensure more economically efficient and sustainable investment returns.
ESG factors cover a wide range of areas reflecting how vital consideration of these factors are part of wider systemic risks.
Recordings of webinars can be purchased by visiting our Online Learning Resource page covering the F&I sector.
Video costs: Members £15.00 | Non-Members £35
Although primarily aimed at actuaries, the webinars may also be of value to others who have an interest in Finance and Investment.
Contact Events Team for more information.
0207 632 1498
Please click on the links below to book on.
12.30-13.30: Climate Change Preparedness
We know that climate change is happening, but we can’t predict the specific consequences. The global weather system is complex and we don’t know how politicians, business and consumers will react and adapt to climate change - we are dealing with uncertainty. A big question for each Defined Benefit Scheme is to what extent the business of the scheme sponsor is prepared for dealing with the consequences of climate change.
Speakers: Stefan Lundbergh, Cardano
12.00-13.00: Exclusions vs Engagement
This will cover the relative merits of negative screening against better engagement with firms and sectors before setting out why engagement is preferrable. This will consider when engagement cannot / does not work and why responsible investing may manifest differently for GI and Life funds as well as those with active or passive (or a combination) persuasions. We firmly believe that responsible investing does not mean investing in strongly rated ESG firms only but is also about engaging with firms to improve their ESG focus. Examples to cover include tobacco (and the various changes there) and certain fossil fuel investments.
Speakers: Adam Ruddle, LV=
There is increasing focus on embedding ESG into insurance companies’ day-to-day activities. The PRA has recently issued a Supervisory Statement on managing the financial risks from climate change, and EIOPA is looking at the incorporation of sustainability into Solvency II.
But for many firms the question is ‘where to start?’. This is a wide-ranging topic, with a long list of terminology that is often confused, and evolving research and data analytics.
So in this presentation we will take a look at some of the practical ways in which firms can start thinking about ESG and implementing changes into their business, drawing on LV=’s own experiences.
Speakers: Ross Evans, Hymans and Emily Penn, LV=
This talk will cover how to build better portfolios by ESG factor-neutralizing and how investors can position portfolios to be more resilient in relation to the wide-ranging financial effects of climate change.
Speakers: Martijn de Vree, Wai Lee and Hannah Skeates - Wells Fargo
The release of the PRA consultation paper may signal a good time for insurers to review and update their liquidity risk management framework. Within this presentation we discuss our interpretation of what the PRA’s liquidity consultation paper means for insurers and how this compares to our understanding of current market practice through answering the following questions:
Speakers: Sam Tufts and Ryan Allison, EY
13:00-14:00: Tackling climate change risk, one scenario at a time
Technical session covering how a complex, long term climate change risk can be modelled and understood by asset owners.
Speaker: Jonathan Cross, Mercer
This talk expands on recent changes to Solvency II regulation to include sustainability risks and explores whether private equity offers an opportunity for making l long-term and impactful investments.
How sustainable private equity could be used in your portfolio to qualify for more favourable capital treatment under Solvency II?
Speakers: Punil Chaubal and Daniel Banks, River and Mercantile Solutions
In this talk we cover the practicalities of implementing ESG within real asset investment decisions. Capital deployed in real assets is invested for a long term and has far reaching impact on the environment and society. However, implementing ESG into real asset investment decisions is not straightforward and requires a different approach to public market assets. The range of investment opportunities can be vast and across multiple private asset classes, sectors and geographies. Even within a specific asset class each asset is idiosyncratic and requires a very bespoke ESG assessment. Further, the answers are not always black and white and multiple factors need to be considered, ultimately needing one to find a balance between the expected positives and negatives over the lifetime of the asset. This session will provide senior managers and practitioners a good overview of the considerations when implementing ESG principles in real asset investment decisions.
Speakers: Munawer Shafi and Stanley Kwong, Aviva Investors
13:00-14:00: Incorporating Climate Change in Analytical Tools
Climate change risks are likely to become material for many risk management and investment decisions. This will require to incorporate explicitly climate change in the tools used for risk management and investment decisions. At present existing climate change tools are often too crude for decision making. The presentation will discuss the data and analytical challenges in developing tools adequate for risk management and investment purposes and offer pragmatic solution for addressing those challenges.
Speakers: Miroslav Petkov, Accenture Risk
11:00-12:00: A Career in Finance and Investment
Many actuaries consider career opportunities in the Finance and Investment practice area after having started off in more traditional actuarial roles such as valuations, capital management or pricing. This session is aimed at helping actuaries to better understand roles in Finance and Investment and how they can fine tune their skills to pursue such careers. The talk will include an update on the recruitment market from a consultant as well as a panel discussion of several Finance and Investment professionals who in their careers have made the transition from traditional actuarial roles.
Although ESG has many buyers across the asset allocation community, from pension funds to sovereign wealth funds, it still hasn’t found its place within the core asset management strategy desks where the money is actually invested. The problem as well as the opportunity is Fixed Income.
Speakers: Akshay Dua, Mercer