Implementing transition risk policies amid a varying political and economic landscape
Integration
Integrating climate risk into existing risk management frameworks and business strategy
Data
Handling ongoing data challenges in climate reporting
info@cefpro.com
Attendees
Who’s Participating:
Nedjma Bellakhdar
Head of ESG Risk
BNP Paribas
Jarek Olszowka
MD – Head of Sustainable Finance
Nomura
Paolo Capelli
Head of Risk Management
Etica SGR
Alvaro J Fernandez
Sr Lead Validator & Head of Climate Risk
Working Group CRMV
ING
Dr. Arthur Krebbers
MD - Sustainable Finance Advisory
NatWest
Agenda
| Day 1 | October 7, 2025
8:00 REGISTRATION & BREAKFAST
8:50 CHAIR’S OPENING REMARKS
REGULATORY CHALLENGES
9:00 Navigating new regulatory requirements related to climate risk
• Incorporating climate risks into capital assessments and stress testing processes
• Assessing the upcoming EBA guidelines on ESG requirements and their implications
• Understanding how climate risks could impact firms’ financial stability
• Aligning internal processes with new regulations while staying compliant
Nedjma Bellakhdar, Head of ESG Risk, BNP Paribas
ALIGNING REGULATORY PERSPECTIVES – PANEL
9:35 Balancing compliance with divergent regulatory frameworks between Europe and the US
Ensuring alignment between different regulatory expectations especially for US based banks with operations in Europe
Allocating sufficient resources to meet regulatory demands for climate risk
Understanding the effects of the omnibus package and whether banks will continue prioritizing climate strategies
Anticipating the shift to a more cautious approach to climate regulations
Investing in climate stress testing without clear long-term regulatory direction
Kanika Goyal, Climate Risk Officer, NatWest
Herman Bril, MD & Head of Sustainability & Climate Innovation, PSP Investments
Jarek Olszowka, MD – Head of Sustainable Finance, Nomura
10:25 MORNING REFRESHMENT BREAK AND NETWORKING
CLIENT PERCEPTION
10:55 Understanding the diversity of how climate risks are viewed across different regions
• Assessing the risks of jurisdictional divergence when engaging with clients across different regions
• Handling inconsistent responses and actions in climate risk management
• Adapting engagement strategies to suit depending on the region
• Navigating the variation in regulatory environments, market conditions and environmental concerns across regions
INTEGRATION WITH RISK FRAMEWORKS
11:30 Integrating climate risk into existing risk management frameworks and business strategy
• Adjusting traditional risk frameworks to ensure climate-related risks are adequately considered, in terms of integration with market and liquidity risk
• Aligning long term climate risk projections with strategies to ensure the insights from stress testing inform actionable decisions
• Establishing clear internal limits in terms of portfolio’s exposure
• Establishing clear internal ownership for managing climate-related risks across business units
• Coordinating cross-functional teams to integrate climate insights into financial planning and risk oversight
Paolo Capelli, Head of Risk Management, Etica SGR
INTEGRATION WITH MODEL RISK FRAMEWORKS
12:05 Integrating climate risk into existing model risk management frameworks
• Reviewing effective ESG and climate risk validation frameworks
• Determining how climate risks will influence firms’ broader business strategy and operations
• Understand key components to validate climate risk models. Examples in physical and transition risks
• Aligning long term climate risk projections with strategies to ensure the insights from stress testing inform actionable decisions
Alvaro J Fernandez, Sr Lead Validator & Head of Climate Risk
Working Group CRMV, ING
12:40 LUNCH BREAK AND NETWORKING
CLIMATE RISK MITIGATION
1:40 Balancing risks when building climate risk solutions
• Balancing environmental, economic and social factors when quantifying risks and possible losses
• Developing and implementing successful projects to mitigate climate risks.
• Highlighting the need for nature-based solutions as opposed to traditional infrastructure
FUNDING CLIMATE ADAPTATION AND MITIGATION PROJECTS – PANEL
2:15 Funding climate risk solutions
• Identifying who will finance climate adaptation projects
• Developing a clear strategy to attract necessary funding
• Exploring innovative business models and funding sources
Dr. Arthur Krebbers, MD – Sustainable Finance Advisory, NatWest
Jim Totty, Sustainability Champion, CFA
Isobel Edwards, Global Head of Green, Social and Impact Bond Research, Goldman Sachs
Frank Wildschut, ESG & Impact Manager, Rabobank
3:00 AFTERNOON REFRESHMENT BREAK & NETWORKING
MODELLING
3:30 Navigating climate risk modelling
• Addressing the inability to back-test climate models due to the lack of historical precedent
• Discussing whether to develop internal models or rely on external vendors
• Navigating uncertainty in long-term projections
Marc Irubetagoyena, Head of Group Stress Testing and Financial Simulations, BNP Paribas
TRANSITION RISK – PANEL
4:05 Implementing transition risk policies during a varying political and economic landscape
• Assessing risks when transitioning to a low carbon economy in times of uncertainty
• Determining how transition policies will affect clients and businesses to understand their implications
• Planning for future scenarios in the instance of delayed policies such as carbon taxation
• Adapting portfolios amidst uncertain conditions
Diego Morata, Sustainable Investment Principal, Alantra
Ramm Srinivasan, Cluster Lead – Sustainable Finance & ESG, Rabobank
TRANSITION FINANCE
4:50 Assessing high initial cost vs. long term payoff
• Tackling high costs when transitioning to more environmentally friendly solutions
• Investing in renewable energy technologies for long-term payoff Assessing budget constraints and financial difficulties when making investments
5:25 CHAIR’S CLOSING REMARKS
5:35 END OF DAY ONE AND DRINKS RECEPTION
Agenda | Day 2 | October 8, 2025
8:00 REGISTRATION & BREAKFAST
8:50 CHAIR’S OPENING REMARKS
INTEGRATION OF CLIMATE RISK INTO FINANCIAL FRAMEWORKS
9:00 Embedding climate risk into financial decisions
• Assessing the impacts of climate change on firms’ portfolios and cost of risk
• Benchmarking climate risk across the sector when accounting for unique risk profiles
• Integrating climate risk analysis into daily operations
• Determining the materiality of climate risks and which risks are most urgent
Justus Dokter, Sr. Climate Risk Officer, FMO
INTEGRATION OF CLIMATE STRESS TESTING RESULTS WITH BUSINESS OPERATIONS
9:35 Integrating forward-looking climate risk analyses into business operations
• Shifting toward using stress test results for risk management and decision making
• Aligning scenario design with business needs
• Engaging business units and embedding climate risks into financial planning to achieve long-term adoption
• Integrating climate risk into existing assessment frameworks
• Focusing on how climate risk impacts decision making
• Incorporating long run climate risk events into PD models
Mourad Berrahoui, MD – Global Head of Counterparty Credit and Operational Risk Analytics, Lloyds
10:10 MORNING REFRESHMENT BREAK AND NETWORKING
ADVANCES IN CLIMATE RISK INTEGRATION TO CAPITAL MODELS
10:40
• Balancing regulatory expectations and model risk management practices on climate risk integration to IRB models
• Case studies: climate risk as a driver of Probability of Default and Loss Given Default risk parameters
• Impact and use case of climate risk integration to regulatory capital models
Zsolt Jaczko, Head of Retail IRB Modelling, Nationwide Building Society
SCENARIO DEVELOPMENT – PANEL
11:15 Prioritizing climate risk scenarios within stress testing frameworks
• Balancing long term impacts of climate risks and the immediate insights from short term scenarios
• Ensuring climate risk scenarios are both plausible and useful for decision making
• Integrating climate risks into standard stress testing frameworks
Juan Duan, Head of Financial Climate Risk, Beazley
3:50 Defining clear internal ownership of climate risk responsibility
• Enhancing Board and C-suite engagement on climate risk strategies Setting up effective escalation processes and internal audit controls
• Creating governance structures to ensure compliance, integration, and oversight
Gabriel Webber Ziero, Director – Senior Legal Counsel, Swiss Re
4:25 CHAIR’S CLOSING REMARKS
4:35 END OF CLIMATE RISK & CLIMATE STRESS TESTING EUROPE
Why should you be attending these sessions?
Regulation
• Align internal processes with new regulations whilst staying compliant
Understand the effects of the omnibus package and whether banks will continue prioritizing climate strategies
Anticipate the shift to a more cautious approach to climate regulations
Physical Risk
• Tackle uncertainty created with long-term projections of climate risk
• Understand where and how to invest in climate risk mitigation
Develop methodologies to quantify the full scope of risks associated with physical shocks
Transition Risk
Assess budget constraints and financial difficulties when making investments
Adapt portfolios amidst uncertain conditions
Plan for future scenarios in the instance of delayed policies such as carbon taxation
Integration
• Determine how climate risks will influence firms’ broader business strategy and operations
• Adjust traditional risk frameworks to ensure climate-related risks are adequately considered
• Coordinate crossfunctional teams to integrate climate insights into financial planning and risk oversight
Data
• Tackle challenges with inconsistent data maturity levels
• Address the data gap caused with CSRD’s new exemptions
• Navigate uncertainty around disclosing climate data
Nature Risk
• Incorporate nature risks into climate risk assessments
• Understand the importance of the intersection between climate and nature
• Develop methodologies to assess and mitigate nature-related risks
Scenario Development
• Balance long term impacts of climate risks and the immediate insights from short term scenarios
• Integrate climate risks into the standard stress testing frameworks
• Ensure climate risk scenarios are both plausible and useful for decision making
Funding Climate adaptation and mitigation projects
• Explore innovative business models and funding sources
• Develop a clear strategy to attract necessary funding
• Identify who will finance climate adaptation projects
Sponsorship & Partnerships
Thought leadership
Advance your expertise, knowledge, and experience with a presentation, a panelist, or a roundtable discussion. Why not enhance that with an article published in Connect Magazine and CeFPro® Connect?
Lead generation
Meet with key decision makers and senior professionals at CeFPro® events, roundtables, or at an invite-only dinner.
Branding and awareness
Want to advance your organization and/or your products or offerings? What better way than at a live in-person event where you will meet leading decision-makers, or online through CeFPro®’s market intelligence reports, Connect Magazine, or Connect member’s hub.
Networking
Whether over coffee, lunch, drinks reception, or dinner, expand your network connections in person.
Positioning in the industry
Whether you are the industry leader or a start-up, CeFPro® has opportunities to maintain, advance, or promote your standing among the risk community.
Targeted and one-on-one meetings
General promotion is no replacement for connecting with key decision-makers and C-suite professionals, whether at an event, a closed-door forum, a networking reception, or a VIP dinner.
Reach business buyers
Outside of marketing and promotion, CeFPro®’s extensive range of offerings can provide clients with opportunities to reach key decision-makers and buyers.
Would your organization like to partner with us on this event?
To discuss how we can deliver your thought-leadership at the event, help you generate leads, and provide you with unique networking and branding opportunities, please contact sales@cefpro.com or call us on (+1) 888 6777007 | +44 (0)207 164 6582 for more information.
Past sponsors
2025 Speaker Line-up
Nedjma Bellakhdar Head of ESG Risk BNP Paribas
Mourad Berrahoui MD – Global Head of Counterparty Credit and Operational Risk Analytics, Lloyds
Herman Bril MD and Head of Sustainability and Climate Innovation PSP Investments
Juan Duan Head of Financial Climate Risk Beazley
Kanika Goyal Climate Risk Officer NatWest
Paolo Capelli Head of Risk Management Etica SGR
Isobel Edwards Global Head of Green, Social and Impact Bond Research Goldman Sachs
Marc Irubetagoyena Head of Group Stress Testing and Financial Simulations BNP Paribas
Dr. Arthur Krebbers MD – Sustainable Finance Advisory NatWest
Jim Totty Sustainability Champion CFA
Diego Morata Sustainable Investment Principal Alantra
Gabriel Webber Ziero Director – Senior Legal Counsel Swiss Re
To view the full Climate Risk & Climate Stress Testing Europe 2025 speaker biographies scan the QR code or click here
Stephane Dees Head of Climate Economics Unit Banque de France
Alvaro J Fernandez Sr. Lead Validator & Head of Climate Risk Working Group CRMV ING
Zsolt Jaczko Head of Retail IRB Modelling Nationwide Building Society
Jarek Olszowka MD – Head of Sustainable Finance Nomura
Frank Wildschut ESG & Impact Manager Rabobank
Justus Dokter Sr. Climate Risk Officer FMO
Lars Frisell Head of Sustainability Risk, Group Risk Swedbank
Ramm Srinivasan Cluster Lead – Sustainable Finance and ESG Rabobank
Convince your Boss
#1 What Your Boss Will Say: “What’s included within the ticket price?”
“For the price of my ticket, I’ll have full access to both days of CeFPro’s Climate Risk & Climate Stress Testing Europe, featuring expert-led discussions on the latest regulatory developments, best practices in climate stress testing, and strategies for integrating climate risk into enterprise risk management frameworks. The event offers extensive networking opportunities with senior professionals from the financial, risk, and compliance sectors, including structured breakfast and lunch breaks, as well as a dedicated drinks reception on day one, providing ample time to connect and collaborate.
Beyond networking, I’ll gain exclusive insights from expert-led sessions, with post-event materials and resources available for continued learning. Additionally, I’ll have access to the CeFPro Connect platform, where I can explore further research and thought leadership on climate risk management, ensuring I stay at the forefront of the rapidly evolving landscape.”
#2 What Your Boss Will Say: “Will you learn anything of value that we can integrate into our strategy?”
“The agenda for Climate Risk & Climate Stress Testing Europe has been developed through extensive research with senior leaders in climate risk, financial regulation, risk management, and compliance across Europe. This ensures that every session addresses the real-world challenges organizations are facing today.
Sessions will provide practical insights into how organizations are integrating climate risk into their risk management frameworks and adapting to the latest regulatory developments. Discussions will delve into the challenges of managing physical and transition risks, balancing compliance with divergent regulatory expectations, and strengthening climate resilience. There will also be deep dives into developing effective climate stress testing scenarios, integrating climate risk into business strategy, and prioritizing key risks within your existing risk frameworks.”
Below is a breakdown of the seniority of the speakers you’ll gain insights from:
3 1 5 4 4 1
#3 What Your Boss Will Say: “What specific benefits will attending this event bring to our team?”
“This event offers a unique opportunity for professional development, with sessions covering critical topics such as climate resilience, regulatory frameworks, climate stress testing, and integrating climate risk into enterprise risk management. Group discounts are available, so we could attend as a team and align our strategies across departments to tackle climate-related financial risks.
If I attend alone, I’ll still have access to post-event materials, which I can share with the team to ensure we all benefit from the insights gained. Additionally, I can direct colleagues to CeFPro Connect, where they can access free resources and stay informed on the latest trends in climate risk management and climate stress testing.”
#4 What Your Boss Will Say: “What will we do with you out of the office for 2 days?”
“The venue has Wi-Fi, so I’ll be able to stay connected if anything urgent arises. There will also be regular breaks for networking and refreshments, giving me time to check in as needed.
Attending this event will provide insights that will directly enhance our climate risk strategy, regulatory preparedness, and resilience in the face of climate-related financial risks. The knowledge gained will be a worthwhile investment and will contribute to long-term improvements in how we manage and integrate climate risks into our broader risk management processes.”
#5 What Your Boss Will Say: “How will you share the knowledge and insights gained with the rest of the team?”
“I’ll take notes during the sessions to capture key takeaways and actionable insights. If you’d like, I can prepare a summary report or presentation to share my findings and recommendations with the team. Additionally, I’ll have access to postevent materials, including speaker presentations, in-depth interviews, and related articles. These resources will reinforce our discussions and help us integrate the learnings into our climate risk management strategy moving forward, ensuring that the team can apply the latest insights on regulatory compliance, climate stress testing, and resilience.”
For further help in convincing your boss to let you attend, Scan the QR code or click here for access.
Venue & Location
Rijksmuseum
Explore one of the most renowned museums in the world, home to masterpieces by Rembrandt, Vermeer, and other Dutch masters. The Rijksmuseum is just a short distance away, offering a perfect blend of art, culture, and history.
Vondelpark
Take a stroll through Amsterdam’s largest city park, where you can enjoy nature and outdoor activities in a tranquil setting. Vondelpark is just a short walk away, ideal for relaxation or informal meetings.
Amsterdam Marriott Hotel Stadhouderskade 12, 1054 ES Amsterdam, The Netherlands
Leidseplein
A lively square filled with theatres, cafes, and entertainment venues. Leidseplein is perfect for a casual evening out with colleagues or networking, located just minutes from the Marriott Hotel.
Nearby Hotels
The Concertgebouw
A world-class concert hall renowned for its acoustics and top-tier performances. Whether for a classical concert or a more contemporary show, The Concertgebouw provides a premium cultural experience just a short distance away.
Booking a hotel near the Amsterdam Marriott Hotel ensures you’re perfectly positioned to attend every session while enjoying the best of Amsterdam’s vibrant business and cultural scene.
• Amsterdam Marriott Hotel
• The Dylan Amsterdam
• Conservatorium Hotel
• Hotel Okura Amsterdam
Registration
Launch Rate
July 4
Early Bird Rate
August 22
Standard Rate
After August 22
*For those representing a financial institution/government body
Group Rates
Seize the opportunity, bring the team to advance their professional development and knowledge with our group booking promotion.
50% OFF:
Purchase two tickets and receive the third registrant at 50% off the prevailing rate
Free Pass:
Don’t stop there, as the more people you register, the better the savings. With every four tickets bought, the fifth is on us, completely free!
Bringing your team not only enhances the overall experience, but also fosters significant team building among colleagues while allowing you to save on your registration.
What’s Included
Access to 20+ sessions
Networking: 7+ hours
Lunch + Refreshments
Networking cocktail reception
PPT slides/decks
Podcasts with industry experts
Videos and interviews from the event
Connect Magazine complimentary
CeFPro Connect membership
Community network and engagement
Market intelligence reports access
To register your place at the best rate possible, click here, or scan the QR code.
Topic Related Insights
Banks Are Gambling on Climate Risk Models with Flawed Data
Ying Poikonen, Executive Director, Head of Modelling Group EMEA, SMBC
Jing Zhang, Vice President, SMBC
For years, banks have talked about integrating climate risk into financial modeling, but it is only now, in the face of pressing regulatory deadlines under rules such as those included within the Corporate Sustainability Reporting Directive (CSRD) that the conversation is reaching a critical point.
However, according to risk leaders within the EMEA division of the Sumitomo Mitsui Banking Corporation (SMBC), most banks still want for the one thing that, they say, is essential to success: good data.
“As financial regulations like CSRD demand greater transparency, one of the biggest hurdles we face is not only to understand climate risk, but to find good data to model it effectively,” said Ying Poikonen, SMBC’s Head of Modelling, during CeFPro’s recent Sustainable Finance conference.
Her colleague, Jing Zhang, who leads climate risk modeling, also used the session on the challenges of finding quality data to outline how the bank’s journey began in 2019 with Prudential Regulation Authority (PRA) guidance.
She explained that early scorecard models leaned heavily on expert judgment due to data
scarcity, but went on to describe how, over time, a more structured approach emerged—identifying risks, mapping exposures, and quantifying financial losses.
Each step brought new data requirements: from carbon pricing and decarbonization pathways to hazard-specific damage ratios and climateadjusted macro forecasts.
But the reality is that in real-world modeling, finding that data remains a massive challenge. Public datasets like NGFS or IPCC are free and credible but require extensive transformation.
“It can be very time consuming and technically demanding,” Zhang warned. Commercial vendors offer ready-to-use metrics but bring cost, quality, and consistency concerns – especially for smaller institutions.
The session also highlighted additional issues around the application and interpretation of data, with many organizations in the financial services industry struggling to convert climate indicators into financial impact. To continue reading click here, or scan the QR code.
Doug Baird, Head of Climate Stress Testing and Pension Risk, Natwest Group
How does your team approach the development and refinement of climate risk stress testing models, and what methodologies are employed to ensure robustness and accuracy?
Climate risk stress testing is still an emerging specialism with best practices being developed continuously. This is for a number of reasons, not least the ongoing challenges around developing ‘decision-useful’ scenarios that drive genuine strategic insight for banks. For this reason, whilst we have focussed on building our expertise inhouse, we continue to liaise closely with external stakeholders across academia; Regulators; industry bodies; and consultancy to ensure we keep up to date on the latest thinking around methodologies; data; scenarios and use cases. We also aim to identify where challenger models could add value to give stakeholders confidence in the robustness of the results.
Can you elaborate on the key components and data inputs utilized in building climate stress testing models, and how do you address challenges related to data availability and quality?
Scenario data is the first key challenge. As noted above, there are well-understood limitations with
the first generation of climate scenarios used by industry and regulators. In particular that they did not lend themselves well to the type of short/ medium-term stress testing that banks require to support strategic and portfolio-level decisionmaking. Whilst we have developed some inhouse capability to develop climate scenarios, this has largely focussed on scenario narratives and macroeconomic data. We are still dependent on the external scenario providers for the rich energy system and physical climate data sets required for modeling purposes.
The other key data challenge is granular data for our customers, both retail and commercial. This includes such things as emissions data; property data; and supply chain data. Again we have taken a multi-faceted approach to addressing this ranging from direct data capture to purchasing third-party data sets. Even with this, it will be several years until this data is of a robust nature across the industry and so approximate methods are important before then to ensure appropriate analysis can be carried out. The primary focus must be on ensuring users of the analysis understand the implications of the data weaknesses, to avoid incorrect interpretation or conclusions being reached.
To continue reading click here, or scan the QR code.
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