Climate Change and Financial Risks (OnDemand)
Originally held on Monday, April 26, 2021 | 2:00 pm - 3:30 pm
Program Fee:
$99 for Members | $199 for Nonmembers
Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2020-2022), In-House/Corporate Counsel, Judges, and attorneys who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
CLE Credit:
New York: 1.5 Professional Practice
New Jersey: 1.8 General
California: 1.5 General
Pennsylvania: 1.5 General
Connecticut: Available to Licensed Attorneys
This program provides transitional/non-transitional credit to all attorneys
Description:
New York’s Department of Financial Services stated in October 2020 that
“Financial risks from climate change are unprecedented.” U.S. SEC
Commissioner Allison Herren Lee observed in November 2020 there “is a
growing consensus that climate change may present a systemic risk to
financial markets.” In March 2021, the SEC’s Division of Examination
announced that it is “enhancing its focus on climate and ESG-related
risks.” European regulators have been focusing on climate change and
financial risks for several years. The French Treasury, for example,
issued rules as early as 2015 imposing reporting requirements on
institutional investors and financial asset managers headquartered or
registered in France.
Insurers, depository institutions, asset managers, mortgage originators
and others are acutely aware of and trying to grapple with the very real
costs, and the ensuing risks imposed by those costs, of climate change.
A distinguished panel, including Nina Chen, DFS’s first ever Director of
Sustainability and Climate Change Initiatives, Azish Filabi, Executive
Director of the Maguire Center for Ethics in Financial Services and an
Associate Professor at The American College of Financial Services, and
Charlotte Gardes, Deputy Head of the Sustainability Finance &
Climate Risk Unit of the French Treasury will discuss the financial
risks of climate change, what regulators around the world are doing
about it, and the practical steps financial institutions and other
companies are taking.
Click Here to View Program Agenda & Faculty
Program Chair & Moderator:
Lanier Saperstein, Jones Day
Sponsoring Association Committees:
Compliance, Patrick T. Campbell, Chair
Environmental Law, L. Margaret Barry & Bethany Davis Noll, Co-Chairs
Insurance Law, Frederick M. Garsson, Chair