Presented to: GARI Participants Hybrid: In Person

Transcript:Presented to: GARI Participants Hybrid: In Person:
Presented to: GARI Participants Hybrid: In Person and Zoom Videoconference 19 September 2022 GARI Working Group Meeting During NY Climate Week 2022 1 Meeting Agenda 2 Date/Time: 9:00 to 11:30 pm EST on Monday, 19 September 2022 * Note: Upon logging on to the platform, you will initially be placed in a Zoom “waiting room” where a GARI team member will then grant you entry into the videoconference. Discussion Session I: Investor Panel 3 Moderator: Emilie Mazzacurati, GARI Advisory Board Panelists: Climate Bonds Initiative - Sean Kidney Institutional Investors Group on Climate Change (IIGCC) - Danielle Boyd Macquarie - Liam Gallagher J.P. Morgan - Tanya Barnes Nuveen - Radhika Shroff The Lightsmith Group - Jay Koh Discussion Session II: Key Themes for 2023 4 GARI 2022 Discussion Paper Where We Are State of Investment in Adaptation and Climate Resilience What Investors Really Think GARI 2022 survey results and convening summaries Where We Are Going Potential paths forward for resilience investing GARI’s role in supporting these paths Case Studies: Waterfront Resilience, Emerging Markets Discussion Session II: GARI 2022 Survey Highlights 5 GARI 2022 Survey - Key Take-Aways Clear metrics are important to driving more investment in resilience. 57% attracted by investable products; 57% interested in climate tech; 60% in climate solutions 53% enabled by clear metrics for resilience impacts 67% recommended developing metrics for resilience Adequate decision-making tools are important to driving more investment in resilience 50% need adequate decision tools, such as pricing for climate risks in project return calculations 67% recommended pricing climate risk into investments Creating a practical framework for risk screening would potentially offer a more visionary, less quantitative path 87% desire a practical framework Emerging importance of social impact as a driver for attracting capital 30% motivated by attracting capital from ESG/Impact investors 37% motivated by ESG/DEI goals Other motivations centered on social impact Discussion Session II: What’s Next? 6 GARI 2022 Discussion Paper: Paths Forward for Resilience Investing Metrics development and standards for risk management and opportunity assessment Pricing as a key decision tool to help overcome hurdles to investment Practical framework, potentially through a macro view looking at an end-game vision by key sectors such as food, transport, buildings, energy (eg: Project Drawdown for resilience) Social impact focus - environmental justice and need to incorporate equity Incorporating resilience into net-zero initiatives and goals Discussion Session II: What’s Next? 7 What role can GARI in