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Climate Risk Disclosure: Implications and climate services for asset owners

04 March 2020, 16:00 - 17:30
ExCel, London

Climate Risk Disclosure: implications and climate services for asset owners

Organized by LCCP and Space4Climate


In response to a call from G20 leaders, the Financial Stability Board established the Taskforce on Climate-Related Financial Disclosures (TCFD) to enhance transparency on the financial risks to investors from climate change. The TCFD published guidelines for voluntary reporting, and the UK Government formally endorsed the TCFD recommendations in 2017. In its Green Finance Strategy published in 2019, Government signalled an expectation for all listed companies and large asset owners to report under TCFD guidelines by 2022. In parallel, the UK Government set out a commitment to achieve net zero carbon emissions by 2050, making the UK the first major economy to do so.

Event chair: Natalya Tueva, Director, Sustainable Finance, Commercial Bank UK at HSBC.

Session recording available on Soundcloud.

Purpose of the session

  • Provide overview of emerging drivers for climate-informed decision making including climate-related financial risk disclosure.
  • Discussion about how building asset owners can adequately protect themselves to mitigate liability and the physical and transition risks associated with climate change.
  • Promote understanding of the risks to asset owners and how these may change over the lifetime of their assets.

Part 1: Welcome, sustainable financing and emerging drivers and standards

  • Chair’s welcome Natalya Tueva | Director, Sustainable Finance, Commercial Bank UK at HSBC Comments here
  • Green Finance Strategy Edward Hogg | BEIS | Slides here (PDF 290Kb)
  • Spatial Finance Initiative Dr Matthew McCarten | Spatial Finance Lead at the Smith School, Oxford | Slides here (PDF 280Kb)
  • ISO 14090 and the importance of capacity in adaptation Doogie Black | Trioss/ClimateSense |Slides here (PDF 146KB)

Part 2: Overview of projected changes in climate across regions and risks to building stock and observed impacts across the country

  • The state of the built environment in a changing climate Kathryn Brown | Committee on Climate Change | Slides here (PDF 450Kb)
  • Safe as houses: Making social homes safe in a changing climate Richard Lupo | MIEMA, CEnv, Managing Director, Suss Housing |Slides here (PDF 230 Kb)
  • Using satellite data to support climate risk disclosure Briony Turner | Space4Climate group | Slides here (PDF 820Kb)
  • Climate risk disclosure for asset portfolios Natalia Ford | TfT | Slides here (PDF 820Kb)

Part 3: Examples from practice and research

  • Climate change adaptation action in London Kristen Guida | Manager, London Climate Change Partnership |Slides here (590Kb)
  • Old buildings new climate. Understating the vulnerability Keith Jones | National Specialist Climate Change for the National Trust | No slides used
  • Climate risk disclosure reporting and green finance in practice John Davies | Derwent London | Slides here (750Kb)
  • UCL Student Centre – innovative and climate resilient construction in the heart of Bloomsbury Ben Stubbs | Senior Sustainability Manager, UCL Estates |Slides here (550Kb)

Part 4: Panel discussion: How to support the built environment sector to tackle the impacts of climate change and transition to a low-carbon economy