Who Should Attend

Institutional Investors Council Malaysia (IIC) members; decision makers and thought leaders from the private sector including GLICs; government and city officials; and members of the public seeking to understand the financial risks arising from the climate crisis and how to effectively communicate the urgency.

Synopsis

Global warming has compelled corporate attention on physical climate risk and resilience building.

This webinar has been curated by Climate Governance Malaysia and is being organised in collaboration with the Institutional Investors Council to raise awareness about the fiduciary duty of all directors in addressing physical and transition risks arising from the climate crisis, which are material financial risks that represent a critical business challenge and opportunity.

Increasingly, corporations are expected to disclose the material physical, economic transition and litigation-related risks associated with climate change on their financial position, performance and prospects, in a consistent form, that would be useful for decision-making of investors, lenders and insurance underwriters.

This webinar is intended to embolden directors and boards to embark on the climate-related financial risk reporting journey sooner than later by understanding the national commitments which have been made, increasing expectations from institutional investors and how values can be invoked for action beyond the compelling science and data.

Agenda

Part I

(2:30pm-3:50pm)

(5 min) Welcome: Puan Rohaya Mohamad Yusof, Chairman of IIC

(5 min) Welcome: Datin Seri Sunita Rajakumar, Founder of Climate Governance Malaysia

(20 min) Keynote II: [ to be confirmed ] “Understanding the Increased Expectations of Directors in Managing Climate Risks”

(20 min) Keynote I: Dr Gary Theseira, MGTC “Journey from Kyoto to Paris and Glasgow”

(30 min) Panel discussion: Dr Gary and Datin Seri Sunita Rajakumar, moderated by Dato’ Faiz Azmi, PWC

Part II

(3:50pm – 4:45pm)

(2 min) Welcome: Datin Seri Sunita Rajakumar, Founder of Climate Governance Malaysia

(30 min) Keynote: Per Grankvist, Chief Storyteller of Sweden’s Viable Cities

(25 min) Fireside chat with Per Grankvist, moderated by Raymond Miranda, Labora-Story

Part III

(4:45pm – 5:30pm)

(20 min) Karina Litvack “Increasing Climate Ambition of Boards of Directors”

(25 min) Fireside chat with Karina Litvack, moderated by Datuk Seri Johan Raslan

About Our Contributors

Dr Gary Theseira is the Special Advisor to Malaysian GreenTech Corporation

Per Grankvist is the Chief Storyteller for Viable Cities, a Swedish government funded innovation program for smart and sustainable cities. He is a board member of the Swedish Agency of Regional Growth and an acclaimed journalist with a special interest in sustainability.

He's considered to be one of Sweden's top expert on corporate sustainability and has written extensively on how sustainability can be used as a force of innovation and a driver of profitability. He's also done in-depth case studies of how companies such as Walmart, H&M, Ikea, General Electric, Nike, L'Oreal, BMW and many others use sustainability as a change driver.

Viable Cities’ mission is to make cities climate neutral by 2030 and the appointment of a Chief Storyteller is the first of its kind in the world for a government research and innovation program of this magnitude; the theory of change being that that stories have the power to engage people in a way scientific facts seldom can, exploring storytelling as a tool to get us to a sustainable future even quicker.

Viable Cities is a Swedish innovation program for smart and sustainable cities. The aim is to accelerate the transition to inclusive and climate neutral cities by 2030 with digitalisation and citizen engagement as enablers. It is a large government funded research and innovation program in Sweden, with the audacious mission of making cities in Sweden carbon neutral by 2030. The program is based on the ideas of economist Mariana Mazzucato who has written extensively on the importance of clearly defined missions to drive innovation.

Karina Litvack serves on the boards of Italian Oil & Gas major Eni S.p.A., where she chairs the Sustainability & Scenarios Committee, and serves on the Remuneration Committee; Viridor Waste Management Limited, a KKR portfolio company, where she chairs the Board Sustainability Committee; the CFA Institute, home of the professional qualification for investment management professionals; and Business for Social Responsibility, a consultant specialising in sustainable business practice.

She is an Executive Board Director of Chapter Zero, and serves on the Senior Advisory Panel of oil & mining consultant Critical Resource and the Advisory Council of Transparency International UK. Previously, Karina had a 25-year career in Finance, latterly running the Governance and Sustainable Investment activities of UK asset manager F&C Investments*.

Since the passage of the Paris Agreement at CoP21 in 2015, Karina has been working to build a global network for fellow NEDs to share experiences, engage with technical experts and stakeholders, access specialised training, and help to drive more effective climate transition strategies in the boardroom. Under the auspices of the World Economic Forum, she co-founded the Climate Governance Initiative (CGI), home of the CGI Principles for Non-Executive Directors, and with colleagues in Italy, Malaysia, France, the UK, Canada, Russia, Brazil, Switzerland and several others in the pipeline, has been working to build a global network of national Chapters for directors. Her focus in Chapter Zero, the UK Chapter of the CGI network, is on partnering with experts to develop new interdisciplinary content specifically designed for non-executive directors, and leveraging these across the global network of Chapters.

* now BMO Global Asset Management, a unit of the Bank of Montreal

More details will be available shorlty .

Climate Governance Malaysia

Understanding Increasing Investor Expectations for Climate Governance

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