Event (Upcoming)


April 2018

Climate Change and the Financial Sector: If you don’t get climate change, climate change will get you

11:30am-1:30pm | The National Club - 303 Bay St. , Toronto

Climate change is one of the most pressing issues Canada and the rest of the world are facing. It’s devastating and costly effects are too high to be overlooked by investors and the public at large. Preliminary estimates suggest that natural catastrophes in 2017 resulted in $300 billion of losses globally, making 2017 the costliest year on record. Like every country in the world, Canada is seeing the economic costs of severe weather rise fast. The damage caused by extreme weather and increased flooding results in long-term physical and economic impacts on businesses, governments and homeowners.

Likewise, investors are not immune to the effects of climate change and need to take climate-related risk into account as part of their due diligence. But how? The Bank of England’s Mark Carney has offered a blueprint in the Task Force on Climate-Related Financial Disclosure (TCFD) recommendations. Many institutional investors and large corporations have publicly announced that they intend to adopt the Task Force recommendations and are increasingly calling on public companies to enhance their climate-related disclosures.

Please join us and our distinguished panel to gain valuable insight into how climate change will affect the financial sector and investors.

- Lunch will be served -

Member price:
Individual seat: $89 +HST
Table (seats 10): $800 +HST

Regular price:
Individual seat: $110 +HST
Table (seats 10): $990 +HST

- For information about accessibility, please email merpaw@economicclub.ca
- Dietary restriction notes and meal requests must be submitted to merpaw@economicclub.ca by Thursday, April 5, 2018

*The views expressed on the Economic Club platform are not that of the Economic Club or its affiliates but of the speakers alone and the organizations they represent*

Don Forgeron

President and CEO
Insurance Bureau of Canada

Don Forgeron

Appointed Insurance Bureau of Canada’s President and CEO in 2009, Don has a successful track record of over 25 years in the property and casualty (P&C) insurance industry. He has a strong foundation in the public and private sectors, having worked for Alberta’s Department of Environment and the National Research Council in Nova Scotia early in his career.

After joining IBC in 1993 as Vice-President, Atlantic Canada, and subsequently Ontario, Don worked for positive impacts to the insurance and public policy landscapes. Leading the charge for auto insurance reform in Ontario and Atlantic Canada, he worked with various provincial governments to create sustainable and affordable auto insurance systems that meet the consumer need for affordable premiums and adequate benefit levels. Don also helped bring about graduated driver licensing across Atlantic Canada working with Governments and interested stakeholders.

In 2000, Don assumed the role of Vice-President, Strategic Development of Investigative Services, where he supervised work with Customs Canada and other law enforcement agencies to reduce the number of stolen vehicles shipped internationally. He guided IBC’s transition to a focused, low-cost service supplier to the industry.

As President and CEO, Don works with governments and key stakeholders across the country to build a strong, stable P&C industry and a stronger and safer Canada. He has played a key role in building a consumer-focused and sustainable auto insurance system in Ontario. He is also leading a national conversation on the need to better prepare for an earthquake in various parts of Canada and finally, he has pushed for a national dialogue with governments and consumers on the need for severe weather adaptation.

Don is also a leader involved in the international insurance issues that increase industry effectiveness and provide input to regulatory bodies. He is a founding member of the Global Federation of Insurance Associations (GFIA) and leads an international working group in Natural Catastrophe response.

A graduate of Cape Breton University, and a 2013 Cape Breton University Alumni Award recipient, Don has completed management studies at University of Toronto, Harvard and McGill universities. He served as the 2012-2014 Insurance Division Chair for United Way Toronto and as a member of the Campaign Cabinet. Don was also a member of the Multiple Sclerosis Society of Canada’s Board of Directors (Ontario Division), 2011-12.

Douglas E. Turnbull

Vice Chairman & Country Head, Canada
DBRS Limited

Douglas E. Turnbull

Doug Turnbull is Vice Chairman and Country Head, Canada at DBRS. In this role, Mr. Turnbull is responsible for overseeing all of DBRS’s day-to-day operations in Canada. As part of the executive team, Mr. Turnbull also focuses on the strategic development of DBRS’s global rating business and senior outreach activities for the company. Mr. Turnbull has more than 35 years of experience in the investment banking industry, and is the retired Deputy Chairman, TD Securities Inc. Mr. Turnbull has worked in Toronto, Tokyo and New York, where he advised government, corporate, infrastructure and public sector clients on numerous public and private market transactions. Mr. Turnbull is Chairman of the board of directors of The Canadian Ditchley Foundation, is a member of the Public Advisory Panel of the Canadian Electricity Association and a member of the Advisory Committee of the Intact Centre on Climate Adaptation. In addition, Mr. Turnbull has held a number of board positions with public sector and not-for-profit organizations, including, Metrolinx, the Ontario Financing Authority, George Brown College Foundation, the Toronto Financial Services Alliance and ORBIS Canada. In 2014, Mr. Turnbull was appointed by the Government of Canada as one of two Co-Chairs of the Canada-Assembly of First Nations, Joint Working Group on Resource Development, and delivered the final report in 2015.

Dr. Blair Feltmate

Head, Intact Centre on Climate Adaptation
University of Waterloo

Dr. Blair Feltmate

Blair is Head, Intact Centre on Climate Adaptation, University of Waterloo. The primary purpose of the Intact Centre is to mobilize practical and cost-effective means to help de-risk Canada from the costs associated with extreme weather events. Previous positions Blair has held include Vice President, Sustainable Development, Bank of Montreal; Director, Sustainable Development, OPG; and Partner, Sustainable Investment Group/YMG Capital Management. Blair has written textbooks on environmental science, banking and sustainable development. He is generally interviewed by the media 100-150 times per year. He is involved in the creation of several climate adaptation Standards with the Standards Council of Canada and Canadian Standards Association, and he is Chair, Federal Government of Canada Expert Panel on Climate Adaptation.

Veronica Scotti

President & CEO
Swiss Re Canada

Veronica Scotti

Veronica Scotti is President & CEO of Swiss Re Canada. Based in Toronto, she is responsible for the company’s Property & Casualty and Life & Health reinsurance operations in Canada and all English Caribbean reinsurance operations.

Veronica joined Swiss Re in 1999 in London when the company acquired Fox-Pitt Kelton, a financial sector boutique investment bank. After gaining experience through strategy, risk management and product roles, she moved into Client Markets in 2007 and held a number of positions including Head Business Development Zurich and EMEA, Key Account Manager in Zurich and most recently as a Client Executive in Armonk, New York, where she held global responsibility for some of Swiss Re’s largest US headquartered clients by managing an international team of Key Account Managers.

Prior to joining Swiss Re, Veronica worked in investment banking in the UK, Switzerland and Italy with Banque Paribas, Union Bank of Switzerland and Banco di Napoli.

Veronica holds a MBA in International Economics and Management from the SDA Bocconi School of Management in Milan, and summa cum laude master's degree in International Commerce from the Naval University Institute, Naples, Italy.

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