Register for the webinar "It's getting physical" by EDHEC Infrastructure & Private Assest Research Institute
How much of your investments stand to lose in the near future from physical events such as floods and storms? Are you concerned about the impact of climate change on your portfolio?
On September 27, 2023, the researchers of the EDHEC Infrastructure & Private Assest Research Institute invite you to a webinar, based on their latest report "It's getting physical" (August 2023), on the impact of climate events on infrastructure valuations: investors could indeed lose more than half of their unlisted infrastructure portfolio before 2050.
The physical risks created by climate change are not limited to a distant future for investors in infrastructure, some of whom could well lose more than 50% of the value of their portfolio to physical climate risk before 2050 in the event of runaway climate change. Moreover, the average investor will also lose twice as much to extreme weather, mostly in OECD countries, compared to a low carbon scenario.
In this webinar, based on their latest report entitled "It's getting physical" (August 2023), the researchers will discuss the impact of extreme climate events on infrastructure valuations and examine the extent of extreme climate driven physical risk in infrastructure investments and the potential concentration of such risks in the portfolio of investors in infrastructure.
They will show the importance of implementing more ambitious policies to cope with climate change, because, while energy transition and the alignment of economies have a cost for private investors, so does climate change!
- Details: Wednesday, September 27, 2023 - from 10 am to 11 am (Paris time - that is 9 am to 10 am GMT+1)
- Registration is free but compulsory: go to the online form
- The research paper (August 2023) entitled "It's getting physical" is already available on line, in pdf format: click here to download it
About the EDHEC Infrastructure & Private Assets Research Institute
Since 2019, and with the support of the Monetary Authority of Singapore (MAS), the EDHEC Infrastructure & Private Assets Research Institute has been developing ground-breaking research to document the risks and financial performance of investments in unlisted infrastructure equity and debt, as well as the climate impacts and risks of these essential assets.
- To know more about the EDHEC Infrastructure & Private Assets Research Institute: follow this link
In August, in an open letter addressed to EIOPA (the European Insurance and Occupational Pensions Authority), Noël Amenc, Associate professor at EDHEC Business School, and Frederic Blanc-Brude, the director of EDHEC Infrastructure & Private Assets Institute, emphasize the need for urgent action, based on the significant 50% reduction pension firms and insurers might face in their portfolio value by 2050 due to the concrete impacts of climate change.
- To read this open letter to the chairperson of the EIOPA: click here
In the media
Bloomberg, August 10 - "Funds Hoarding Alternative Assets Face ‘Very High’ ESG Risk", by Frances Schwartzkopff
IPE Real Assets, August 11 - "Climate change could halve value of infrastructure, EDHEC warns regulators", by Richard Lowe
Pensions Age, August 15 - "EDHEC issues warning on impact of climate risk on infrastructure portfolios", by Jack Gray
Insurance Asset Risk, August 22 - "Infrastructure assets could lose 54% of value due to climate risks, EDHEC says", by Josh Adcock
Meet the Authors
This research is a the product of a multi-talented team with a range of perspectives on the subject of climate change and infrastructure investment.
- Noël Amenc. Ph.D. Finance, Associate Professor of Finance at EDHEC Business School, Director of Scientific Infra & Private Assets, and Senior Advisor to Scientific Beta, of which he was the founding CEO. Within EDHEC Business School, he is also Affiliate Member of the EDHEC Risk Climate Impact Institute. See his personal profile.
- Frédéric Blanc-Brude. Ph.D. Finance, Founding Director of EDHEC Infrastructure & Private Assets Research Institute, a dedicated research unit at EDHEC developing a unique body of applied research on private investment sicne 2016. He is also the CEO of Scientific Infra & Private Assets. See his personal profile.
- Abhishek Gupta. MSc Financial Eng., CAIA, Associate Director of the EDHEC Infrastructure & Private Assets Research Institute and the Head of infraMetrics Research and Product Development at Scientific Infra & Private Assets. See his personal profile.
- Qinyu Goh. MSc Urban Science, Sustainability Data Scientist at the EDHEC Infrastructure & Private Assets Research Institute. She specialises in quantifying physical risks and their financial impacts on infrastructure projects worldwide.
- Bertrand Jayles. Ph.D. Physics, Senior Sustainability Data Scientist at the EDHEC Infrastructure & Private Assets Research Institute, focuses on climate risks and scenario analyses. See his personal profile.
- Nishtha Manocha. Ph.D. Civil Engineering, Senior Research Engineer focused on the role of ESG in the infrastructure sector. Her experience spans the fields of hydrology, climate adaptation and water policy. See her personal profile.
- Darwin Marcelo. MSc Economics, Project Director at the EDHEC Infrastructure & Private Assets Research Institute. He is currently in charge of the team building a unique reference database of non-financial risk data about infrastructure assets. See his personal profile.