Brandon Horowitz is joined by some of the authors of the IFoA's practical guide to climate change for risk management actuaries to discuss some key questions raised by the guide, including:

Brandon's guests are:

Wendy Walford (chair of the working party) is head of climate risk, includes how the risk management framework allows for climate risk and what climate risk is for a large financial institution.

Mayukh Gayen is a risk and modelling consultant and climate change analytics lead which involves understanding the modelling and understand requirements to modelling climate risk

Caroline Spence  is Head of Chief Risk Office is responsible for all oversight and risk reporting to the Management Committee and Board, and  providing key 2nd line support to projects such as Climate Change Risk Management Framework.

Peter Telford is Financial Risk Director for pension risk transfer business and the chair of the IFoA’s risk management board

Roelof Cortez is Director for climate change policy

Ahead of a longer discussion, Brandon Horowitz is joined by some of the authors of the IFoA's practical guide to climate change for risk management actuaries, to introduce the guide and how it can help actuaries in their work.

Brandon's guests are:

Wendy Walford (chair of the working party) is head of climate risk, includes how the risk management framework allows for climate risk and what climate risk is for a large financial institution.

Mayukh Gayen is a risk and modelling consultant and climate change analytics lead which involves understanding the modelling and understand requirements to modelling climate risk

Caroline Spence  is Head of Chief Risk Office is responsible for all oversight and risk reporting to the Management Committee and Board, and  providing key 2nd line support to projects such as Climate Change Risk Management Framework.

Peter Telford is Financial Risk Director for pension risk transfer business and the chair of the IFoA’s risk management board

Roelof Cortez is Director for climate change policy 

In this series we explore the Sustainable Development Goals and the role that actuaries can play in achieving the 2030 agenda.

In this episode Sustainability Board member and pensions actuary Neil Mitchell interviews Karen Shackleton about impact investing for pension funds. Karen is the founder of Pensions for Purpose, a non-executive director and Chair of the Board of Resonance Limited, a social impact investment company, Deputy Chair of the Strategic Investment Board at the Ministry of Justice, and she sits on the Advisory Council of the Impact Investing Institute. Neil and Karen discuss how the SDGs are relevant for impact investing, and the balancing of risk, return and impact in the context of the fiduciary responsibilities of pension fund trustees. 

Further resources mentioned in the episode:

In this episode of the SDG podcast series, Sustainability Board member, Shyam Gharial speaks to Jane Davidson, a former Welsh Assembly member in government between 1999 and 2011. As Minister for the Environment, Sustainability & Housing, Jane proposed legislation to make sustainable development the central organising principle for the government in Wales through what became known as the Well-being of Future Generations (Wales) Act, which passed into law in 2015. Many other nations have been looking at how to implement similar legislation, including for the UK.  The discussion touches on topics of intergenerational fairness, intragenerational fairness and the role that financial services can play in moving towards a more sustainable society.

Jane Davidson’s links:

The links mentioned in this episode for further information are as follows: 

#futuregen: Lessons from a Small Country – Jane’s book, describing the inspiring story of how and why the Well-being of Future Generations (Wales) Act came to be

In recognition of International Women’s Day, Rosalind Rossouw enjoyed a conversation with Louise Pryor (the President of the IFoA), Marjorie Ngwenya (a past President of the IFoA) and Lucy Saye (the Deputy Chair of the IFoA’s Sustainability Board).

This podcast discusses the opportunities and challenges facing female actuaries and women who are on the path to becoming an actuary. Louise, Marjorie and Lucy share their personal experiences and views. The discussion points include both female-specific and gender-neutral pearls of wisdom and inspiration. 

Intro & Production: Rosalind Rossouw

Original music score written and performed by: Rosalind Rossouw

Guests: Louise Pryor, Marjorie Ngwenya & Lucy Saye

Our guests Michael Marshall, Head of Sustainable Ownership and Chandra Gopinathan, Senior Investment Manager (Sustainable Ownership) explain their roles at Railpen and how they are involved in Net Zero investing, what framework they use (and why) as well as some of the challenges they have experienced in moving to this approach.

We explore the logic behind Net Zero investing with Nick Silver, co-founder of the Climate Bonds Initiative, an actuary, economist and author of “Finance, Society and Sustainability”. 

Nick discusses what the three main frameworks have in common and unpack the role of Climate Bonds, including Green Gilts, in achieving Net Zero ambitions or facilitating ‘Greenwashing’. 

The IFoA podcast showcases the activities of our Members, who are engaged in a wide range of activities to influence society in the public interest. 

In the pilot episode of our podcast you can listen to:

The editor of The Actuary magazine Dan Georgescu reflects on his tenure, explaining how he dealt with the challenge of Covid-19 and much more. 

Then Louise Pryor discusses the recent COP26 summit, and reflects on the IFoA sustainability webinars. 

Brandon Horwitz, co-chair of the IFoA Net Zero Portfolio Alignment Working Group discusses the journey Prudential plc has gone on towards making Net Zero investments with Kerry Adams-Strump, Prudential plc’s Director of Group ESG and Roelof Coertze, Senior Manager, Actuarial Function Team at Prudential plc (and also the co-chair of the Actuaries’ Carbon Collaboration).

Kerry and Roelof also talk about using the right investment framework along with the challenges faced in moving to a Net Zero approach.

The latest IFoA SDG’s podcast focuses on Disaster Protection with Daniel Clarke from the Centre for Disaster Protection (CDP).  

 

In this episode, Shyam Gharial explores how Daniel’s work is linked to many of the SDGs, including climate change, inequality decent work, partnerships for the goals, and how an actuarial skillset can be utilised in this area of work.

 

Daniel’s work aims to improve efficiencies in the areas of Disaster Risk Financing. The CDP’s role in the Crisis Lookout Coalition is highlighted in their call for G7 leaders to better predict and prepare for crises, as well as to better protect people. 

 

This is a hugely topical theme given the Covid-19 pandemic and climate crisis. 

 

Thanks go to Daniel for taking the time to discuss this topic.