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Climate Disclosure and Firms

Date

Agenda

In Larry Fink’s 2020 letter to CEOs, the BlackRock CEO wrote that
 
Given the groundwork, we have already laid engaging on disclosure, and the growing investment risks surrounding sustainability, we will be increasingly disposed to vote against management and board directors when companies are not making sufficient progress on sustainability-related disclosures and the business practices and plans underlying them.
 
Assuming that firms take BlackRock’s threat seriously and provide sustainability-related disclosure, what are the implications for investors and firms?  In this conference, we look closely at these issues.
Moderated By: April Klein and Edward Rock


Materials Referenced:

Papers

 

Welcome & Introduction

9:30 am:    Ed Rock


Climate Change News

9:45 am:    Robert Engle, Stefano Giglio, Heeburn Lee, Bryan Kelly,
and Johannes Stroebel, Hedging
Academic Commentator: Rene Stulz (Ohio State)


Do Investors Care about Carbon Risk?

11:00 am:  Patrick Bolton and Marcin Kacperczyk,
Academic Commentator: Bryan Kelly (Yale SOM)
Practitioner Commentator: Elise Douglas (NYU Stern; formerly CFO, Hertz)


What is BlackRock Looking for on Climate Change?

12:45 pm:  Michelle Edkins (BlackRock)


What does adopting SASB disclosure standards entail?

1:25 pm:    Paula Loop (SASB and PwC)
  

Panel I:  Asset Managers: From the ‘buy side’, how does climate risk affect your investing?

Moderator: April Klein
1:45 pm:    Ben Colton (Co-Head, Asset Stewardship, State Street;
formerly at Norges Bank)
John Finley (CLO, Blackstone)
Ryan Hedrick (Associate Portfolio Manager, large-cap value team, T. Rowe Price)
Ingrid Dyott (Head of Sustainable Equity team at Neuberger Berman)
 

Panel II:  Climate Risk in the Boardroom

Moderator: Robert J. Jackson Jr.
2:45 pm:    Karina Litvack (Director, ENI)
Betty Moy Huber (Davis Polk)
Mark Gerber (Skadden)

 

4:00 pm:     End