Climate change and the supply chains of asset owners - taking an Enterprise Risk Management (ERM) approach?

Mon 18 Sep 2023 -
14:00 - 15:00

Sitting at the top of the investment chain, pension funds, insurers, and other asset owners steward citizens’ savings. How do these pools of capital manage their supply chain in the context of climate change? Do they take an enterprise risk management approach that takes a holistic view based on a clear understanding of how the risks may materialise? How do asset owners view risks and opportunities as they seek to meet their objectives?

In this webinar chaired by Nozipho Gazi, Andrew Griffiths (Director of Policy & Partnerships, Planet Mark) and Mike Clark (Founder Ario Advisory, a responsible investment advisory firm) will discuss real-world risks and opportunities in the context of the pension fund supply chain and climate change.

How well do the established supply chain and ERM concepts apply in the investor world? Do those investing strategically embrace enterprise risk management as they look along their supply chain, and if so, how? How do they assess the impact of their investing in the real economy on the citizens whose savings they steward?”

The panel discussion will conclude with a Q&A.

Watch the recording

Featured Speakers

Planet Mark

Andrew Griffiths is Director of Policy and Partnerships at Planet Mark, a sustainability certification that supports organisations and real estate to measure and continually reduce carbon emissions, and increase their social value.

He chairs the Institute of Directors National Sustainability Taskforce and was a member of the UK Government’s COP26 Small Business Taskforce, as well as the Advisory Board for the Global Sustainability Film Awards.

Having delivered a TEDx talk on the power of meaningful networking, he is a big believer in the power of communication and how it can be used to drive climate action.

Mike Clark is Founder Director of a responsible investment advisory firm. Mike represents IFoA on the Advisory Council of the Oxford's Smith School. He spent nearly four years as a NED at Brunel (LGPS). He was Specialist Adviser to the House of Commons Environmental Audit Committee for their 2018 green finance inquiry. He continues to be involved with the work of select committees, including on LDI.

Mike was a member of the team that built what became GFANZ. He had over 20 years at Russell Investments, and roles prior to that included Head of Fixed Income at a major insurer. He is a member of too many IFoA climate-related working parties, and is surprised to realise he started work 50 years ago this September!

He curated the IFoA climate reading list. Much of his work across the financial system focuses on the financial risks of climate change, and the uncertainty which lies “beyond risk”. He is currently trying to persuade the Bank of England that the current CBES scenario modelling is not fit for purpose! Victory is assured, he says, but is some way off…

Nozipho Gazi is a Senior Actuary at the Bank of England and works on insurance policy. Prior to working at the bank, Nozipho spent over 10 years working in consulting and industry, with experience across pensions, longevity modelling, and enterprise risk management. Nozipho is a Fellow of the IFoA, Chartered Enterprise Risk Actuary (CERA), and a member of the IFoA Committee for Lifelong Learning in Risk Management.