2 Degrees of Separation: Practical experiences from oil & gas companies’ 2°C scenario analyses
In collaboration with Carbon Tracker Initiative, SASB, and PRI
How can investors use oil & gas companies’ climate financial disclosures and Paris Agreement compliant scenario analyses?
In recent years - shareholders and financial regulators have increasingly asked oil & gas companies to disclose their climate financial related risks and to perform 2°C compliant scenario analyses of their business models – either from active engagement with company management or from submitting shareholder resolutions to the AGMs. In June 2017, G20’s Financial Stability Board’s Taskforce for Climate-related Financial Disclosure (TCFD) published its final recommendations for improved corporate transparency on climate change risks, which included that companies’ should perform climate-related scenarios.
This event will discuss the practical investment experiences from investors, research providers and companies following the publication of climate change reports and 2°C / Paris Agreement aligned scenario analyses by multiple oil & gas companies.
Sustainable Accounting Standards Board (SASB) will discuss their work to create standardized company financial sustainability disclosures and the Carbon Tracker Initiative (CTI) will discuss its work with scenario analysis of the transition risks in the oil & gas sector (2-Degree of Separation) and its analysis of published climate related scenario reports (Under the Microscope). An oil company and an energy investor will discuss their experiences developing and using climate scenarios.
Key questions that will be covered:
- Has the published scenario reports been useful for investors?
- How can investors utilize climate scenario reports in their investment analysis?
- What are the experiences with performing climate and scenario analyses?
- What is needed to improve the usability of climate related financial disclosure and scenario analyses?
2:30 p.m. - Registration & Networking
3:00 p.m. - Opening Remarks
3:20 p.m. - Importance of scenario analysis for investment portfolios; Dave Jones, California Insurance Commissioner
3:40 p.m. - Investor Panel featuring:
Michael Rubio, General Manager of ESG Engagement, Chevron Corp
Andrew Collins, Director of ESG and Responsible Investing, SFERS
David Parham, Deputy Director of Research, Sustainability Accounting Standards Board (SASB)
Rob Schuwerk, Executive Director and Head of Regulatory Research, Carbon Tracker Initiative
Henrik Jeppesen, Head of Investor Outreach, Carbon Tracker Initiative (Moderator)
5:00 p.m. - Q&A and Hosted Networking Reception