Climate Risk and the Role of the Board
This Webcast is available on demand.

In partnership with Chapter Zero, GARP welcomes you to a virtual event for board members. This webcast discusses the implications of climate change across all sectors and different aspects a board should consider when overseeing the management of climate-related risks.

The event will start with a short presentation from Jo Paisley, Co-president of the GARP Risk Institute, followed by a panel comprised of four excellent speakers:

  • William McDonnell – Group CRO, RSA
  • Zoe Knight – Group Head, HSBC Centre of Sustainable Finance; Managing Director, HSBC Holdings Plc
  • Phil Fitz-Gerald – Director, Financial Reporting Lab
  • Dylan Tanner – Executive Director and Co-Founder, Influence Map

The panel discussion will take you through the key drivers of physical and transition risks associated with climate change, as well as the evaluation of corporate responses to those risks. You will also hear an account of how practitioners are responding to these risks and opportunities, emerging best practice for reporting and disclosures, and importantly, what this means for boards and their engagement with climate risks.

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Speakers

William McDonnell - Group CRO, RSA

William was appointed Group Chief Risk Officer in 2014, responsible for Risk and Compliance groupwide. Since joining RSA in 2006, William has also held the roles of Group Risk Director, Group Financial Controller and Head of Corporate Finance.

He is a chartered accountant with extensive risk management and finance experience with a number of blue-chip financial institutions, including HSBC Investment Bank, Aviva, the Financial Services Authority and seven years at Deloitte. William is also a member of the ClimateWise Insurance Advisory Council.

Zoe Knight - Group Head, HSBC Centre of Sustainable Finance; Managing Director, HSBC Holdings Plc

Zoë Knight is a Managing Director and Group Head of the HSBC Centre of Sustainable Finance. She joined HSBC in 2010, and previously led the Climate Change Centre of Excellence within Global Research, having been an investment analyst at global financial institutions since 1997. For ten years she focused on equity strategy before focusing on socially responsible investing. Since joining HSBC Zoë has co-authored reports on low-carbon opportunities in bond and equity markets, as well as long-term carbon and water risks.

Previously, she contributed a chapter to ‘Investment opportunities for a low-carbon world’ (2009). Throughout her career she has been ranked in Extel and Institutional Investor. Zoë is a Commissioner on the Energy Transition Commission and is a Member of the WEF Global Future Council on Energy. In 2018, Zoë set up the HSBC Centre of Sustainable Finance. The Centre collaborates with colleagues across HSBC and with external partners to produce thought leadership on critical issues to scale up and mobilise capital to address sustainability challenges. Zoë co-authored ‘Managing Financial System Stability and Climate Change: A preliminary guide’ in 2018. She also sits on the Board of the World Energy Council UK and holds a BSc (Hons) Economics from the University of Bath.

Phil Fitz-Gerald - Director, Financial Reporting Lab

Phil became Director of the Financial Reporting Lab in 2017. He is a Chartered Accountant in the UK with over 20 years of experience in accounting and audit.

He has worked for the FRC since 2009 and was previously the Head of Case Examination and Enquiries where he led the first phase of the FRC's project on improving the quality of reporting at smaller listed and AIM quoted companies.

Phil started his career in the audit practice at a large audit firm where he spent ten years, the latter half of which he worked as a senior manager in the firm’s professional practice department. After leaving practice, he spent five years as a training consultant helping companies with their corporate reporting requirements before joining the FRC.

Dylan Tanner - Executive Director and Co-Founder, InfluenceMap

Prior to co-founding climate change think tank InfluenceMap, Dylan established a market-leading environmental consultancy in Tokyo which is now ERM Japan. Dylan grew and led a 50-person team engaging in a wide variety of corporate and technical advisory work in Japan and Asia covering environmental audits, land remediation, corporate sustainability and climate strategies. Prior to founding ERM Japan, Dylan established an information-based consulting firm advising global corporations on emerging environmental issues in Asia-Pasific. Dylan grew up in Japan and is currently living in London. He holds a MSc in Environmental Technology from Imperial College, and a PhD in Theoretical Physics and Mathematics from Kings College London. Dylan has a Erdős–Bacon number of 8.

Julie Baddeley - Chair of Steering Group, Chapter Zero

Julie Baddeley is one of the UK’s most experienced women directors, having served in an executive and non-executive capacity on the boards of leading companies in the FTSE 100 and 250 indices, as well as major public sector organisations.

In 2001 she moved to a portfolio career and has served as a director across a range of sectors including consumer, retail, financial services, professional services and global industrial. She was chairman of global recruitment company Harvey Nash plc until its sale in 2018.

At the Said Business School, Julie coached top business teams from around the world on the execution of business strategy, having previously been the partner in charge of Accenture’s change management practice in Europe. She was Executive Director at Woolwich plc responsible for HR, IT and the insurance businesses.

Julie is active in raising the awareness of boards of UK quoted companies on the impact of climate change on their business models and balance sheets, and the impact they are having on the global climate. She is Director of the Hughes Hall Centre for Climate Change Engagement, which aims to bring Cambridge University thinking on climate science, law, regulation, risk and communication into the boardroom.

Jo Paisley - Co-President, GARP Risk Institute

Jo Paisley is Co-President of the GARP Risk Institute (GRI), the thought leadership of GARP. Set up in early 2018, the Institute works across all risk disciplines, with Jo’s focus to date on climate risk management and scenario analysis, stress testing and operational resilience. Her career began at the Bank of England where she worked in a variety of roles, across macroeconomics, statistics, supervision and risk. Her last role was as a Director of the Supervisory Risk Specialists Division within the Prudential Regulation Authority, where she was heavily involved in the design and execution of the UK’s first concurrent stress test in 2014. She left the Bank in 2015 and joined HSBC as their Global Head of Stress Testing. She has also worked as an independent stress testing consultant, advising firms on how to get the most value out of stress testing.

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