Chapter Zero – Pagina 3

Webinar – 26/03/2021 – Climate Disclosure and the European Directive on Non-Financial Reporting: What Boards Need to Know?

This webinar will analyze the application of the European Directive N. 2014/95/EU (in force since 2018) that – for the first time ever in the world – requires boards of directors of European big corporations to publish information on “the expected impact of science-based climate change scenarios on corporate strategies and activities” and will share existing research and insights on how different stakeholders (authorities, investors, advisors, firms) integrate non-financial and climate disclosures into their business, and their expectations from the future developments.

Welcome note
Sabrina Bruno, Chair Chapter Zero Italy

Boards and climate change: moving to a global system of thinking and reporting
Veronica Poole, Global IFRS and Corporate Reporting Leader Deloitte

Quality of climate disclosure: takeaways from Italian non-financial statements
Silvana Anchino, Head of Issuers Information Supervision Office CONSOB

From climate disclosure to governance and strategy: the SNAM model
Alessandra Pasini, Chief Financial Officer Snam s.p.a.

Investors and climate change in Europe: Morrow Sodali Institutional Investor Survey 2021
Fabio Bianconi, Senior Director Morrow Sodali

Do investors care about carbon risk?
Iancu Daramus, Senior Sustainability Analyst Legal and General

Driving insights and action for a better economy. Voluntary vs. mandatory reporting – sticks and carrots
Steven Tebbe, Steering Group Member EFRAG Reporting Lab & Managing Director CDP Europe

Future legislative developments in Europe
Franco Amelio, Sustainability Leader Deloitte

Closing Note
Maria Pierdicchi, Chair Italian Nedcommunity

Q&A

To register click here.

Spatial Environmental and Resource Economics – FEEM

Although the spatial dimension is embedded in the vast majority of issues studied by environmental and resource economics, its incorporation into economic models – especially in the form of explicit introduction of a spatial transport mechanism – is not widespread. As a result, important aspects of these issues may not be accounted for, which could lead to regulatory inefficiencies.

Prof. Anastasios Xepapadeas will deliver a lecture on the major spatial transport mechanisms, along with the methods to incorporate them into forward-looking optimizing economic models. Furthermore, he will present an extension of Pontryagin’s maximum principle under spatial dynamics and explain the emergence of spatial pattern formation through optimal Turing instability. The discussion will cover several examples of the use of spatial dynamics with a special focus on climate change and will illustrate why space matters in environmental and resource economics. Moreover, the differentiation of policy when spatial transport mechanisms are taken into account will be discussed.

The tools presented in the lecture, along with their applications, provide a path for future research in environmental and resource economics in which the underlying spatial dimension which is very real – is fully considered.

Discussant: Massimiliano Mazzanti, Professor, University of Ferrara

This webinar is part of the FEEM/DeRisk-CO project, which aims at stimulating a debate on the importance of assessing and disclosing climate-related risks and opportunities and their impact on financial performance, with a particular focus on Italian businesses.

To register HERE

Webinar – The Board and Climate Change – Deloitte

Gentili Associati,

sperando di fare cosa gradita, vi inoltriamo il link alla registrazione della webinar Global Boardroom Program di Deloitte Global attraverso il quale potrete seguire una tavola rotonda rivolta a board members, dirigenti e investitori, per discutere di cambiamento climatico, ormai driver primario per la ridefinizione di strategie, modelli occupazionali e catena del valore delle organizzazioni.

Il webinar ha visto la partecipazione di:

Paul Polman: Co-fondatore e Presidente di IMAGINE; Ex CEO di Unilever; Vicepresidente del Global Compact delle Nazioni Unite; Presidente della Camera di Commercio Internazionale; e presidente della Said Business School
Rose McKinney-James: Consigliere indipendente presso MGM Resorts International e Toyota Financial Savings Bank
Jaime Augusto Zobel de Ayala: Presidente e Amministratore Delegato: Ayala Corporation; Presidente: Globe Telecom, Inc Integrated Micro-Electronics, Inc; e Bank of the Philippine Islands; Vicepresidente: Ayala Land, Inc.; Manila Water Company, Inc; AC Energy Philippines, Inc.
Michael Herskovich: Global Head of Corporate Governance presso BNP Paribas Asset Management

Nel corso del webinar al quale hanno partecipato anche Sharon Thorne, Deloitte’s Global Chair e Marc Van Caeneghem, Deloitte Global Sustainability Leader, è stato messo in evidenza come in questo contesto sia cruciale il ruolo dei consigli di amministrazione e come gli stessi possano fungere da catalizzatore per spingere le organizzazioni ad agire ora sulle questioni di sostenibilità che contribuiranno a plasmare il loro futuro e quello del pianeta. In aggiunta si è discusso anche dell’iniziativa WorldClimate di Deloitte che prevede l’impegno formale a raggiungere Net Zero entro il 2030.

Clicca qui per vedere il webinar!

Highlights:

È più urgente che mai che i consigli di amministrazione siano coinvolti in relazione al cambiamento climatico. Tuttavia, solo il 15% dei membri del consiglio è “qualificato dal punto di vista ESG” e meno del 7% è “competente in materia di clima”.
Le organizzazioni che non hanno incluso il clima nelle agenda del consiglio di amministrazione o che non hanno amministratori “competenti in materia di clima” sono maggiormente esposte a rischi.
I consigli di amministrazione dovrebbero discutere spesso in merito all’integrazione degli aspetti legati al clima all’interno della strategia aziendale e nelle decisioni di investimento.
I rischi connessi al clima vanno oltre il cambiamento climatico stesso e includono anche rischi fisici, rischi della catena del valore, rischi normativi, rischi tecnologici e rischi reputazionali.
Gli investitori chiedono sempre di più l’impegno da parte di management, amministratore delegato e consiglio di amministrazione sulle questioni relative al cambiamento climatico e temono l’utilizzo di degli strumenti a loro disposizione nel caso in cui non vengono rilevati progressi.
Ogni membro del consiglio ha il dovere di informarsi in merito ai temi connessi al clima e alla sostenibilità e sulla relazione che vi è tra questi aspetti e il raggiungimento degli obiettivi aziendali. Se necessario questi dovrebbero porre domande e cercare supporto esterno.
Anche le piccole organizzazioni possono essere parte della soluzione. È importante per loro concentrarsi solo su ciò che è rilevante e su ciò che possono portare in tavola come parte della soluzione.

Methodologies and Tools to Evaluate the Financial Impact of Climate-Related Risks and Opportunities – FEEM

Despite being a complex challenge, the development of an effective methodology to evaluate the impact of climate on the company s activity (and vice versa) is increasingly becoming a priority for firms and investors. As a consequence, the demand for disclosure of climate-related risks and opportunities is rapidly growing. Firms are responding by applying guidelines such as those of the Task Force on Climate-Related Financial Disclosures (TCFD, 2017) and the updated version of the Non-Binding Guidelines on Non-Financial Reporting of the European Commission (NBG, 2019). Besides, they are progressively implementing key initiatives from the European Action Plan on Financing Sustainable Growth such as the EU Taxonomy.

At the same time, think tanks, research centres, and data providers have proposed several tools and approaches to carry out such evaluations; hence, considerably widening the available instruments.

In this context, on November 20, 2020 Fondazione Eni Enrico Mattei, in collaboration with the Italian Sustainable Investment Forum and Nedcommunity, organises, for the third year, an online workshop where high-level international experts will present some of the most interesting methodologies and approaches in this field. The presentations will be followed by a virtual round table and a Q&A session to discuss the impact that these assessment methodologies may have on the financial sector and on the companies’ business activities.

This workshop is part of the FEEM/DeRisk-CO project, which aims at stimulating a debate on the importance of assessing and disclosing climate-related risks and opportunities and their impact on financial performance, with a particular focus on Italian businesses.

Agenda

9.00 – 9.10 Greetings – Stefano Pareglio, Scientific Coordinator – FEEM / Firms and Cities Transition towards Sustainability – Università Cattolica del Sacro Cuore

9.10 – 9.20 Groundbreaking – Arianna Lovera, Senior Programme Officer – Italian Sustainable Investment Forum (ItaSif)

9.20 – 9.40 -Carbon Disclosure Project’s Climate-related Risks and Opportunities Framework – Overview and insights

Nico Fettes, Head of Climetrics – CDP (Global)

9.40 – 11.00 – Measuring the Financial Impacts of Climate-related Risks – Chaired by:Speakers:

Riccardo Christopher Spani, Researcher – FEEM

Constanze Bayer, Analyst – 2 ⁰Investing Initiative (Global)

PACTA — Aligning to Paris Agreement

Thomas Nielsen, Engagement Manager Finance Practice Lead – Vivid Economics (UK)

Measuring and Acting upon Investment Climate Risks

Torolf Hamm, Global Head, Catastrophe & Climate Risk Management – Willis Towers Watson (Global)

Climate Change – How to prepare an organization for the challenges that lie ahead?

Jean-Yves Wilmotte, Manager I Finance Practice Leader – Carbone4 (FRA)

Assessing Climate-related Risks – Carbone4’s Approach

11.00 – 12.00 Virtual Round Table Moderated by:

Sabrina Bruno, Full Professor of Private Comparative Law – Unical and LUISS G.

Carli – Nedcommunity and Chair Steering Committee of Italian Climate Governance Chapter

Participants:

Hasmeen Deol, Vice President on the Business Development team – Capital Dynamics SGR

Michele-Filiberto Marchese, Head of Institutional Client Coverage Italy – UBS Asset Management SGR

Angelo Meda, Head of Equities Investments and Portfolio Manager – Banor SIM

Francesco Sandrini, Head of Multi Asset Balanced and Total Return – Amundi

Marco Stampa, Sustainability Manager – Saipem SpA

12.00 – 12.45 Q&A with DeRisk-CO companies Moderated by:

Riccardo Christopher Spani, Researcher – FEEM

12.45 Conclusions

Riccardo Christopher Spani, Researcher – FEEM

Clicca QUI per la registrazione del webinar.

WEBINAR – Il cambiamento climatico: analisi di scenario e pianificazione strategica – Chapter Zero 29/10/2020

Un Webinar organizzato da

L’incontro intende fornire a consiglieri di amministrazione e top manager gli elementi utili per comprendere il ruolo delle analisi di scenario nella prospettiva della transizione energetica e la connessione tra di esse e una pianificazione aziendale strategica di medio e di lungo termine orientata alla decarbonizzazione, che tenga anche conto della crescente domanda di disclosure climatica che viene dagli investitori.

Coordina,

Stefano Pareglio, Università Cattolica SC, FEEM, Co-Chair Chapter Zero – Nedcommunity

Interverranno,

Andrea Maggiani, Managing Director – Carbonsink

Franco Amelio, Sustainability Leader – Deloitte

Manuela Baudana, Responsabile Corporate Social Responsibility di A2A

Beppe Zammarchi, Head of Group Sustainability and Foundations – Unicredit

Paola Schwizer, membro dello Steering Committee del Chapter Zero – Nedcommunity

Per registrarsi clicca QUI

Understanding the relationship between firms’ ESG performance and financial performance

There is still no general consensus on the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP), neither there is an agreement on the theoretical framework that explains the contradictory results that have emerged over time. A number of reasons may contribute to generating this kind of confusion, from the data used to the chosen modelling framework. Linear models have dominated the scientific debate, but lately non-linear models have been developed, offering a new perspective on the relationship between CEP and CFP. Trumpp and Günther find a U-shaped relationship between carbon performance and profitability as well as between waste intensity and profitability.

This webinar is aimed at shedding light on the reasons why there is such a heterogeneity regarding the research results and providing a deep commentary of the paper’s results, offering a new point of view on the issue.

Speaker: Thomas Günther, Professor, Technische Universität Dresden, Faculty of Business and Economics.

Discussant: Manuela Mazzoleni, Direttore Operations e Mercati, Assogestioni.

Presenter: Riccardo Christopher Spani, Researcher, Fondazione Eni Enrico Mattei.

Webinar Chapter Zero UK

Cari Associati,

abbiamo il piacere di condividere con voi alcuni webinar organizzati da Chapter Zero UK, le cui date e tematiche potrete trovare nel link del flyer che trovate qui di seguito, a partire dal:

22 Ottobre 2020

The world is complex, and so measuring sustanability: do financial market have the right information about firms’ ESG performances?

Understanding the relationship between firms’ financial performance and their environmental, social and governance (ESG) performance is a challenge that scholars have been tackling since the Seventies. However, as time passes by, the technology develops, and the data availability increases, the tools and methodologies developed to assess and measure this relationship diverged in many aspects. This heterogeneity is particularly pronounced in the ESG rati ngs, and as it appears clear, it may contribute to generate a certain degree of confusion. For this reason, some scholars have attempted to trace the disagreement between the ESG ratings of five prominent rating agencies.

This webinar is aimed at providing an in-depth commentary of the results that emerge from the paper, offering to the stakeholders useful insights when it comes to interpret data and research outcomes.

Speaker: Roberto Rigobon, Professor at MIT Sloan School of Management

Discussant: Simone Chelini, Head of ESG and Strategic Activism at Fideuram Investimenti SGR Presenter: Riccardo Christopher Spani, Researcher at Fondazione Eni Enrico Mattei

WEBINAR – Gli obiettivi ambientali e di riduzione delle emissioni di gas serra nei sistemi di incentivazione del management: metriche e approcci – 30 Settembre 2020, ore 11:00

L’incontro intende fornire a consiglieri di amministrazione e top manager gli elementi utili per valutare l’introduzione di metriche collegate alla decarbonizzazione e alla riduzione dell’impatto ambientale, nel quadro del crescente utilizzo di indicatori ESG all’interno della pianificazione strategica e dei sistemi di incentivazione manageriale.

Intervengono

Sabrina Bruno, Unical-Luiss G. Carli, Chair, Chapter Zero – The Nedcommunity Climate Forum

Edoardo Cesarini, Amministratore Delegato e Talent & Rewards Country Leader, Willis Towers Watson

Stefano Pareglio, Università Cattolica del Sacro Cuore, FEEM, Co-Chair, Chapter Zero – The Nedcommunity Climate Forum

Enor Signorotto, Senior Advisor Executive Compensation, Willis Towers Watson

Guido Stratta, Direttore People & Organization, Enel

Per Registrarsi QUI

Webinar | Financial Risks and Monetary Policy under Climate – September 14th 2020 – h. 17.30

Since the horizon at which climate change impacts the economy has shortened, the very likely impact of climate change on growth and future output paths might require more involvement of monetary policy. Although monetary policy aims at short-term output and employment stabilization, it should consider the impact of climate change on output, as well as the potential impact of climate-change-related fiscal policy measures on inflation.

On September 14th, Fondazione Eni Enrico Mattei, Italian Sustainable Investment Forum (ItaSIF) and Nedcommunity will discuss the impact that climate-related issues can have at a macro level, and the possible actions that monetary policy can implement in order to manage them properly.

With the participation of the DeRisk-CO network, the event will be the occasion to discuss with two professors from the University of Athens, University of Bologna, and University of Roma Tre, two approaches to the issue, deepening the analysis by presenting other possible extensions of the economic models on which such approaches are based.

Anastasios Xepapadeas – Athens University of Economics and Business, University of Bologna

Discussant: Valeria Costantini – Roma Tre University

Register HERE

Download the Agenda HERE

Il giorno prima dell’evento tutti gli iscritti riceveranno il link per collegarsi all’evento.

ACCEDI A NEDCOMMUNITY

Agenda

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