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Climate-Related Disclosures Masterclass Series

Auckland
Wednesday 23 February
Wednesday 9, 23, 30 March

Wellington
Tuesday 22 February
Wednesday 16, 24, 29 March

4 Day Series
8 Masterclasses - 2.25 hour blocks, two each day
18 hours CPD

View Programme

Climate-Related Disclosures (CRD) will be obligatory for the largest 200 financial enterprises and listed companies in New Zealand, starting with reporting periods on or after 1 January 2023. It can be expected that over time, CRD will be voluntarily adopted across the market as a whole, in response to rapidly evolving expectations of investors, staff and wider stakeholder groups.

To assist the industry with understanding the journey required, INFINZ has developed a unique and focussed CRD Masterclass Series.  This series will provide participants with valuable insights into the practical applications of the core elements associated with the CRD journey - a journey that is framed against the Taskforce on Climate-Related Financial Disclosures (TCFD).  TCFD MAPPING BRIEFS



Benefits & Outcomes

The aim of the Series is to move the conversation beyond ‘compliance’ and challenge attendees to address the climate change emergency from a strategic perspective.  Participants will engage with leading New Zealand practitioners across a wide range of areas, such as: understanding and assessing physical risks and transitional risks; integration into strategy; factoring in climate risks into financial models; providing insights into investor expectations, and pricing of climate change risks (and opportunities). 

The Masterclasses will be broken down into eight practitioner-focussed classes incorporated into four separate days in both Auckland and Wellington.

The key objectives are to:

  • assist members, and the wider eco-system, on the practical application of the core elements associated with the CRD journey
  • challenge attendees to address the climate change emergency from a strategic perspective
  • provide attendees with practical tools as they learn-by-doing
  • encourage interactivity and exercises that provide sufficient depth to enable practical application

WHO SHOULD ATTEND

  • bankers
  • corporate financiers and assurance staff within professional service firms
  • investment bankers
  • directors of reporting entities
  • CFOs, treasurers, strategists and investor relations professionals

  • fund managers
  • equity analysts and investment advisers
  • in-house and corporate lawyers
  • service providers (including corporate trustees and registrars)
  • regulators


PREPARATION

INFINZ requires each attendee to undertake pre-reading material to set the scene. The reading is provided in the members' section of the website and will also be sent to each registrant prior to commencement.

PROGRAMME

DAY ONE

Auckland Wednesday 23 February
Wellington Tuesday 22 February

1. Climate-related disclosure standards.
Emissions measurement, reduction, and certification.

Content overview:

This session will provide participants with an overview of the Masterclass Series, followed by a session with the External Reporting Board on the latest in standard development and implementation.

The session will then focus on understanding the journey banks and corporates need to undertake to measure, reduce and then certify their emissions inventory.  Participants will then learn how to develop and test a practical, yet effective, Emissions Reduction Plan.

Participants will gain an understanding of:

  • The status of the CRD requirements for New Zealand
  • The emissions reduction journey (measurement, reduction, certification)
  • What makes a good carbon footprint (standards used, categories of emissions)
  • The importance of measuring and reducing supply chain emissions
  • Certification standards available (e.g. Toitū carbonreduce, carbonzero, climate positive certifications)
  • How to get prepared for Certification
  • How to develop an effective, yet practical Emissions Reduction Plan and the key features these plans should contain.

FACILITATORS:
Jack Bisset, Policy Manager, XRB
Stefan Gray, Policy Manager, XRB
Karen Tipper, Head of Client Delivery,
Toitū Envirocare
Rick Lomax, Decarbonisation Lead, Beca

TIME:
9.45am to 12 noon
followed by lunch (provided)

2. The why and the how of identifying and assessing physical risks.

Content overview:

This session will provide an overview of what a good physical climate risk assessment entails.

The session will cover key considerations for planning assessments, developing / agreeing scenarios, risk assessment phases and methodologies, and include a discussion around integrating assessment results into disclosures.

Participants will gain an understanding of:

  • Key terminology relating to physical climate risk
  • The importance of agreeing and prioritising material risk areas
  • Risk assessment approaches
  • Key considerations for physicals risk (RCPs, SSPs, time horizons etc)
  • To appreciate how to undertake a high-level risk screening assessment leading to a more detailed assessment
  • Identify key issues for integrating the assessment results into disclosures.

FACILITATOR:
James Hughes, Technical Director: Climate and Resilience, Tonkin & Taylor

TIME:
1.15pm to 3.30pm

 

DAY TWO

Auckland Wednesday 9 March
Wellington Wednesday 16 March

3. Dollars and Degrees (°C): Why you should care about the two of them.

Content overview:

This session explores the latest thinking on the pricing of physical climate risk and implications of mis-priced climate risk on today’s financial system.

Over the past 30 years, climate models have been designed to answer scientific hypotheses. They have not been designed to inform investment decisions.

Participants will gain an understanding of:

  • What is the big deal about 2 degrees warming? And how much has 1 degree already changed the probability of extreme events?
  • What climate modelling is available for climate-related disclosures and what is at the very edge of climate science?
  • When could physical climate risks begin to have material impact on your business?
  • How to start integrating physical risks into risk management frameworks.
  • Translating climate risk into estimates of financial impact, with the example of mispriced assets relative to their physical climate risks.

FACILITATOR:
Belinda Storey, Director and co-founder, Kanute
Greg Bodeker, Director and co-founder, Kanute

TIME:
9.45am to 12 noon
followed by lunch (provided)

4. The why and the how of identifying and assessing transition risks.

Content overview:

This session will deliver an introduction to transition risk scenario analysis, enabling participants to build an understanding of where transition risk scenario analysis fits in the climate risk management journey, what’s required to undertake this type of scenario analysis, and its application as a value input to strategy decisions and risk management for business. 

Participants will gain an understanding of:

  • What transition risk scenario analysis is and its important role in the climate risk management journey. This will include how climate scenario analysis enables business to translate the impact of a warming planet into future business considerations, and the interrelationship between physical and transition risk scenario analysis
  • The key steps in a transition risk scenario analysis exercise, and the key inputs required
  • How to interpret and practically apply scenario analysis to business decisions, including considerations of accountability and applicability across an organisation’s operating model

FACILITATOR:
Annabell Chartres, Partner, Sustainability & Climate Change leader, PwC

TIME:
1.15pm to 3.30pm

 

DAY THREE

Auckland Wednesday 23 March
Wellington Thursday 24 March

5. Strategy and Targets: Achieving our commitments under the Paris Agreement - how to set achievable targets.

Content Overview

This session will focus on how effective TCFD-aligned climate-related disclosures can improve strategic planning and target setting, and support transitioning to a low-carbon economy. 

It will explain how understanding the impact of climate-related risks and opportunities on an organisation’s business, strategy and financial planning and using target setting as a risk management and performance tool, can lead to better evaluation of risks and exposures, and the achievement of climate-related targets.

The session will also explore the concept of sustainable finance as a tool to support the achievement of ambitious climate action.

Participants will gain an understanding of:

  • How climate-related issues impact business strategy and financial planning
  • The importance of target setting as a tool to manage climate-related risks and opportunities
  • Key international standards for sustainable finance
  • The concept (and opportunity) of sustainable finance (including an overview of internationally recognised and emerging sustainable finance standards)
  • How sustainable finance can support strategic financial planning and reduce climate-related risks – using the case study of a Sustainability Linked Loan with a climate mitigation and adaptation KPI.

FACILITATORS:
Pip Best, Partner, Sustainability and Climate Change leader, EY
Miranda James, Head of Corporate Responsibility, Corporate Affairs, Business Services, ASB Bank

TIME:
9.45am to 12 noon
followed by lunch (provided)

6. How to realise the benefits of, and meet the increasing financial expectations for, green buildings.

Content Overview

This session will cover the growing importance of green buildings in reducing your organisations emissions footprint.  We will look into the rapidly evolving demand for green buildings from financial institutions, outline how credibility in ‘green’ buildings can be maintained, and hear from a publicly listed property company as to why and how they are seeking to develop a stronger portfolio of green buildings. 

Participants will gain an understanding of:

  • How investment and finance are rapidly increasing their demand for investable green assets
  • The environmental impacts of buildings and homes
  • The financial advantages of green buildings and why finance is demanding more green assets
  • The key standards for ‘green’ buildings and homes and their certification requirements 
  • The practicalities needed to gain green ratings on homes and buildings

FACILITATORS:
Andrew Eagles, Chief Executive,
New Zealand Green Building Council
Saatyesh Bhana, Head of Sustainability, Argosy Property Limited

TIME:
1.15pm to 3.30pm


DAY FOUR

Auckland Wednesday 30 March
Wellington Tuesday 29 March

7. CRD –investor expectations:  metrics and transition planning  

Content Overview

This session will unpack the CRD from the perspective of the investor. Participants will learn from two leading fund managers on how ambitious commitments made by investors rely not only on quality disclosures but also active ownership. The session will explore what quality disclosures are sought by investors for climate mitigation, climate adaptation, climate-related opportunities and capital deployment.

Participants will gain an understanding of:

  • Expectations:  Explore the expectations of investors for climate risk – and opportunity management
  • Targets and Metrics:  Appreciate the different types of metrics available to support climate mitigation, climate adaption, climate-related opportunities and capital deployment towards climate risks and opportunities
  • Metrics:  Determine the characteristics of effective climate-related metrics
  • Engagement:  Discuss engagement by Fund Managers, and highlight key questions investors are asking companies on the just transition
  • Stewardship:  Understand how plans to develop a Stewardship Code for New Zealand will benefit both investors and corporates in implementing the requirements of the CRD.

FACILITATORS:
Stephen Hong, Senior Portfolio Manager, BT Funds Management
Jorge Waayman, ESG Research,
Harbour Asset Management

TIME:
9.45am to 12 noon
followed by lunch (provided)

8. Turning strategy into reality:  Tuning your operating model to deliver ambitious emissions reduction and resilience goals.

Content Overview

This session will contextualise climate change Governance, Strategy, Risk Management, and Metrics and Targets within the larger challenge of transforming operating models to achieve emission reduction and resilience goals.

The session will analyse the operational implications for corporates and financial services and highlight emerging practices in creating and preserving value.  It will explore the role of operating model optimisation/transformation in achieving strategic climate change goals and communicating real-world readiness.

Participants will gain an understanding of:

  • The role of operating models and core business processes in delivering emission reduction and resilience goals
  • Analysing common challenges to embedding Management’s responsibilities for climate change governance within the organisation
  • The role of data systems and technology in monitoring progress towards climate goals and objectives. 

This session will conclude with an overarching Masterclass wrap-up and next steps for participants. 

FACILITATORS:
Charles Ehrhart, Director, KPMG
Andrew Tubb, Partner, Management Consulting, KPMG

TIME:
1.15pm to 3.30pm


 


Speakers

West Nine Consulting

External Reporting Board

External Reporting Board

Toitū Envirocare

Beca

Tonkin and Taylor

Kanute

ASB Bank

NZ Green Building Council

Argosy Property Limited

BT Funds Management

Harbour Asset Management

KPMG New Zealand

KPMG New Zealand

Cost, Registration & Venue

8 Masterclasses over four separate days with two 2.25 hour blocks each day
18 hours CPD in total

INFINZ member price
$1400 including GST


Non-member price
$1900 including GST


lunch and coffee provided

INFINZ MEMBERS ONLY:

15% discount off total
if 5 or more registrants are from the same organisation


33% discount
for members located outside the Auckland and Greater Wellington, Regions


NB: Only one of the above discounts applies to any one registrant


INFINZ membership to 31 March 2023 (with up to three months complimentary membership)

Under 30:
$100 including gst


30-34:
$200 including gst


35 plus:
$400 including gst


Individual day registration, subject to availability, includes two masterclasses
(4.5 hours CPD)

INFINZ member price
$450 including GST

Non-member price
$600 including GST

lunch and coffee provided

Venue

Auckland

Sudima Hotel
63-67 Nelson Street,
Auckland City

Wellington

Atura Hotel
24 Hawkestone Street
Thorndon, Wellington

CONTACT details AND HOW TO REGISTER

Email Rose Bridge on events@infinz.com to enquire.

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