Climate Change, Credit Risk and Covid-19
5 November 2020 @ 15:00 - 17:00
Organised by LTI@UniTO and EDHEC-Risk Institute
The Covid-19 emergency seems to have increased attention towards long-term issues like sustainable investments and development goals, climate risks and green transition. European public authorities have linked their investment plans for the recovery from the pandemic emergency to the ‘Green Deal’. “ESG” funds have increased their weight in the market, becoming the investment trend of the past few monts.
In the credit market, there is an increasing awareness of the importance of complying to ESG criteria, which reflects in investment choices, valuation, credit ratings.
This workshop, through a panel of market participants and experts, aims at uncovering the main challenges of integrating climate risk-related considerations in the credit risk assessment and, consequently, in the investment process of investors.
15:00 – 15:05 Welcome: Gianfranco Gianfrate, EDHEC Risk Institute & LTI@UniTO , Elisa Luciano, UniTO & LTI@UniTO.
15:05 – 15:15 Introduction: Francesco Profumo, President, Fondazione Compagnia di San Paolo
15:15 – 15:35 “ESG, E and climate change: mind the gap! Data and fixed income portfolio construction”
Enrico Bernardini, Risk Management Department, Banca d’Italia
15:35 – 15:55 “What Does Climate-Aware Investing Mean for Fixed-Income?”
Riccardo Rebonato, EDHEC-Risk Institute
15:55 – 16:15 “Climate Change: Energy Transition Risks and Opportunities for European Public Companies’ Creditworthiness”
Giorgio Baldassarri, S&P Global Market Intelligence