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

Mon 18 Sept 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.

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 runs a responsible investment advisory business and focuses on climate change, finance and systemic risk (in two flavours). He was a member of TPR’s Transition Plan Working Group and co-author of the resulting Transition Planning Code, not endorsed by TPR at the time of writing. He views tipping points in financial markets as a near-certainty. What is the actuarial response? He is interested in the future of actuarial practice, a practice which may assume too often the system is stationary. Historical frequencies can systemically understate future risk. He is minded to advocate for the insurance industry to be mandated to invest, alongside government, in SRM (Solar Radiation Modification) research.

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.