The Task Force for Climate Related Financial Disclosures (TCFD) guidance has become the basis for the majority of climate related disclosure requirements, both in the US and around the world. Climate Risk management practices and disclosures are evolving rapidly and companies are at a wide array of stages on the journey to begin addressing climate risk. Actuaries can play a central role in helping understand and manage climate-related risks, but how do you get started?
Come walk through the journey to implement the guidance of the TCFD. Members of EY’s Climate Change and Enterprise Risk Management teams will be there to talk through what the TCFD is, regulations, and best practices on getting started, risk identification, scenario analysis, and disclosure. A practicing ERM actuary will share his perspective on what the TCFD journey has really looked like at his company. How they got started, who got involved, the importance of broad collaboration, how they got buy in, how they balance compliance requirements, reputational concerns and prudent risk management, along with what they’ve done and have yet to do. Finally, a member of the SOA’s Catastrophe and Climate Research team will share insights into relevant SOA research to help you on your journey. The hope is to make this journey more accessible to other actuaries so they can help drive similar actions at their companies.
TRACK: ERM/ Capital Risk/ Climate Change;Environmental Social and Governance (ESG) Reporting