Pricing Climate Risk into the Financial Markets

What are the implications of climate risk for financial markets around the world? Banks, insurance companies, investors, and asset owners are all assessing how to price climate risk. Join us as we define types of climate risk – including physical climate risk, legislative risk, and liability/litigation risk. Our experts will next assess the many impacts of climate change, such as damage to coastal infrastructure, wildfires, higher temperatures, and other physical or socioeconomic impacts. 

With a new U.S. administration, evolving economic risks associated with new climate policies must be considered, as ambitious policies could harm companies that produce coal, transport natural gas, or refine petroleum products. We will delve into how efficiently the markets are pricing risk. Finally, the panel of investors and risk managers will share how they support the management of climate risk. 

Speakers: 

• Eliza Eubank, Managing Director and Global Head, Environmental and Social Risk Management at Citi
  

• Chris Hartshorn, Chief Commercial Officer, risQ

• Khalid Husain, Vice President in Moody’s global environmental, social and governance (ESG) team
  

• Moderator: Jeff Gitterman, Co-founding Partner, Gitterman Wealth Management
  

About our Speakers:

• Eliza H. Eubank is Managing Director and Global Head of Environmental and Social Risk Management (ESRM) at Citigroup where she has spent the past 13 years helping to build Citi’s approach to identifying, assessing and managing environmental and social risks related to client activities globally across sectors such as oil & gas, power, metals & mining, infrastructure, industrials and agribusiness.  In recent years she has been at the center of the quickly evolving climate risk management discussions amongst financial institutions, their regulators, investors and carbon intensive clients and represented Citi on the Commodity Futures Trading Commission’s climate risk sub-committee in 2019-2020. She also represented Citi on the Equator Principles Steering Committee from 2008-2017 as a driving force in the EP3 and EP4 updates. Eliza has an MBA from the Yale School of Management, a Master of Environmental Management from the Yale School of Forestry and Environmental Studies, as well as a BA in Biology from the University of Colorado.

• Chris Hartshorn was an early advisor and now Chief Commercial Officer at risQ, directing and driving the company’s entrance and focus on fixed income analytics, starting with municipal bonds. These activities include working with the cohorts of buy-side, sell-side, bond insurance, and issuer advisory firms, as well as with partners including MMA and ICE Data Services. He is also Founder and Partner at Level 11 Analytics, a real estate investment analytics start-up. In addition, he previously directed strategy, product development and delivery as Chief Research Officer of Lux Research, an emerging technology subscription intelligence service to hundreds of the world’s most innovative companies and agencies; and as Chief Technology Officer at Callaghan Innovation, the New Zealand Government’s innovation agency, which included support of the country’s vibrant FinTech and GovTech start-up communities.

• Khalid Husain is a Vice President in Moody’s global environmental, social and governance (ESG) team. In this capacity, Khalid is responsible for the development of physical climate change risk analysis, updates to Moody’s environmental classification and the broader coordination of metrics and data analysis as part of the ESG Credit Impact Score initiative. Khalid brings multi-disciplinary expertise in ESG issues through past positions in investment management, consulting, policy analysis and environmental field work.  Khalid holds a Masters degree in International Affairs with a focus on Economics and Finance from Columbia University and a Bachelors in Earth Sciences from McGill University.

• Jeff Gitterman is a widely recognized leader in the ESG and sustainable investing field, and the creator of SMART (Sustaineability Metrics Applied to Risk Tolerance)® Investing Solutions, a suite of global climate-aware allocation strategies available to financial advisory firms and individual investors. With over 30 years of experience as a financial advisor, Jeff began realigning Gitterman Wealth Management towards sustainable investing in 2015. In 2020, the firm launched the Gitterman Asset Management brand to house its rapidly expanding ESG investment strategies, thought leadership, and practice management offerings for the financial advisor and institutional markets. Jeff is also the co-host of TheIMPACT TV show, which airs on fintech.tv and Bloomberg TV. Noted as an “ESG expert” by Financial Advisor magazine, Jeff has also been featured in the past in Barron’s, Forbes, The Wall Street Journal, Morningstar Magazine, Financial Advisor Magazine, Money Magazine, and CNN, among many others.

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