Environmental, Social and Governance Risks

GRETA Associati (Venice, Italy), Cattolica Assicurazioni (Verona, Italy), CRIF (Bologna, Italy), European Investment Fund (Luxembourg), European Investment Bank (Luxembourg) and Intesa Sanpaolo (Milan, Italy) are co-sponsors of a Conference to be held in Venice on September 24-25, 2020. The objective of the Conference is to bring together academics, practitioners and PhD students working in the area of risk management. The conference will provide an opportunity for participants engaged in research at the forefront of this area to discuss both the causes and implications of recent financial and climate-related events and may, in turn, suggest fruitful and policy-relevant directions for future research. The Conference, organised under the auspices of the Department of Economics and VERA - Venice centre in Economic and Risk Analytics for public policies (University Ca’ Foscari of Venice)ABI - Italian Banking Association, AIAF - Associazione Italiana per l'Analisi Finanziaria and the Joint Research Center, European Commission (Ispra, Italy), is the nineteenth of a series dedicated to various aspects of credit risk.

The UN 2030 Agenda for Sustainable Development and the adoption of European Commission’s Action Plan on Sustainable Finance mark important international commitments to the objective of a more sustainable economy and society. However, their successful implementation is tightly related to the scaling up of low-carbon investments and divestment from carbon-intensive investments. This, in turn, requires an assessment of the credit risks stemming from investors’ exposure to economic activities and assets that could be stranded by climate change. For instance, regulators’ discussion about the revision of capital requirements aimed to foster green investments (i.e. a green-supporting or a brown-penalising factor) is hampered by the unclear understanding of the implications of a regulatory change on individual institutions and systemic financial risk. Thus, financing the low-carbon transition is primarily a discussion about credit risk.

The financial sector, and in particular the banking and insurance industries need to develop new portfolios’ risk management strategies and to adjust their credit allocation practices to cope with the opportunities and challenges of the low-carbon transition in the economy and finance. All these changes call for a substantial amount of research to improve the knowledge of the mechanisms at play and to design tailored and effective policy tools.

The final program will include both submitted and invited papers. Acceptances received so far from invited speakers include Marina Brogi (Sapienza University of Rome) and Andrew W. Lo (MIT Sloan School of Managemen. The Conference will also feature panel discussions on researchers', practitioners' and policy makers’ views of the major issues at stake for embedding climate into credit risk..

 

 

CALL for papers

COVID-19 update: As of the time of this writing (Mid April 2020), the CREDIT 2020 Conference is still planned for September 24-25, 2020 in Venice, Italy. With the event still five months away, it is difficult to anticipate what meeting and travel restrictions will exist in the fall. However, as the global fight against COVID-19 continues, we are exploring and planning alternatives to an in-person event but we hope to continue in Venice as planned. Thus, the paper submission and selection process will run just as expected and we warmly invite you all again to submit your papers to CREDIT 2020.

The organizers encourage submissions of papers on any topic within the overall theme of the conference and in the following areas in particular:

  • INVESTMENTS: Green Finance, Investments Principles, Real Estate Sustainability, Finance for Good;
  • POLICIES: Climate Policies, Climate Financial Risk; European Green New Deal, Social Sustainability;
  • INFORMATION: Non Financial Disclosure, Climate risk disclosure, ESG Ratings, ESG Taxonomies.

 

Those wishing to present a paper at the Conference should submit by May 31, 2020 to the address given below (preferably in electronic format).

Please indicate to whom correspondence should be addressed. Decisions regarding acceptance will be made by June 30, 2020.

The final version of accepted papers must be received by August 31, 2019.

Please send papers to: credit@greta.it

 

 

Important dates

  • May 31, 2020 Papers submission deadline
  • June 30, 2020 Paper acceptance notification
  • August 31, 2020 Deadline for sending final version of accepted papers

 

 

SponsorS

GRETA            Cattolica Assicurazioni            CRIF

             European Investment Fund            European Investment Bank

            Intesa SAnpaolo

Auspices

Department of Economics - Ca' Foscari             VERA             ABI             AIAF             European Commission - JRC

 

 

Invited Speakers

Marina Brogi                Andrew W. Lo  

 

 

SCIENTIFIC COMMITTEE