Australia/New Zealand launch of the E-RISC report
“A New Angle on Sovereign Credit Risk”
A side event to the Australian Sustainability Conference and Exhibition
9 November | 7.15– 8.30 am | Sydney Convention & Exhibition Centre Hall 5 or 6 | Darling Drive, Darling Harbour, Sydney, NSW 2000
A light Breakfast will be provided 6.45 – 7.15 am
Register for the UNEP FI/NAB breakfast
UNEP FI, Global Footprint Network and National Australia Bank cordially invite you to join us at the Australia/New Zealand launch of the E-RISC Report, which focused on assessing the materiality of natural resource and environmental risks for sovereign credit risk models.
Sovereign bonds have generally been considered safe securities. However, the unabated attention from investors and media alike has shown how sensitive and fragile the market is. The E-RISC project (“Environmental Risk in Sovereign Credit analysis”) looked at sovereign credit risk from an angle that has largely been overlooked to date: natural resource and environmental risks. While these risks may not be contributing to the current sovereign debt crisis in Europe, it is important to realize that bond markets are not shielded from environmental challenges such as weather extremes, ecosystem degradation and water scarcity. With more than 40 trillion of outstanding sovereign debt globally, it is one of the most important asset classes held by investors around the world. . .
Ivo Mulder, the UNEP FI Programme Officer for Biodiversity, Ecosystem Services, and Water will present the key results of the E-RISC Report and provide a first insight on how factors such as natural resource prices, ecosystem degradation, and climate change can impact national economies. The Report also provides a sense of how these criteria can be factored in sovereign credit risk models and hence in selection and weighting of sovereign bonds and sovereign credit ratings.
You will also hear a range of views on the Report from a panel including:
- Duncan Paterson, CEO, CAER
- Yen Wong, Manager, Credit, Colonial First State
- Carl Obst, International Consultant, Environmental Economic Accounting
- Michael Salvatico, Vice President, ESG Client Coverage, MSCI
To register for the NAB breakfast and claim a discounted one or two day conference pass please contact David McCarthy directly:
Email: firstname.lastname@example.org Tel: 02 9422 2354
Register for the UNEP FI/NAB breakfast only
View full list of speakers and conference topics