40th Annual Monetary and Trade Conference and Global Citizen Award Ceremony

The 2015 Paris Agreement was the first major global initiative to deal with climate-related issues. Since then, various efforts have aimed at developing a comprehensive climate policy that is based on relevant data, disclosures and approaches, including those of the G20 Sustainable Finance Working Group and the G20 classification principles to align investments to sustainability objectives. Despite these efforts, the climate policy agenda still appears fuzzy, and the consequences of climate events on countries, businesses and financial portfolios are ever-distressing. This conference intends to shed some light on outstanding climate-related issues and main international initiatives and policies relating to climate change and its implications, as well as take stock of corporate and financial market developments relating to ESG and green finance and explore suitable sustainability proposals going forward.

We invite you to join GIC and LeBow on Tuesday, Nov. 15, 2022, to celebrate 40 years of our Annual Monetary and Trade Conference! This year’s event will explore climate-related issues and include the dedication of our Global Citizen Award to GIC board member and continued chair of the AMT, George Tsetsekos, Francis Professor of Finance and dean emeritus of Drexel’s LeBow College of Business. Joining us as a keynote speaker will be Patrick Harker, the president and CEO of the Federal Reserve Bank of Philadelphia.

Session topics will include:

• The Impact of Climate Risk on Food Production and Prices
• Role of Tech in Incentivizing Emissions Reductions
• The Macroeconomic Consequences of Climate Change

If you are unable to stay for the entire conference you are welcome to join us for any individual sessions you would like.

Agenda:

8:00 – 8:30 AM | Registration & Coffee

8:30 – 9:00 AM | Welcoming Remarks and Presentation of Global Citizen Award • Vibhas Madan, Ph.D., Dean and R. John Chapel Jr. Dean’s Chair and Professor of Economics, LeBow College of Business at Drexel University and GIC Board Member (TBD) • Bill Kennedy, GIC Board Chair and CEO, RiskBridge Advisors, LLC • George Tsetsekos, Francis Professor of Finance and Dean Emeritus at LeBow College of Business at Drexel University and Board Member, Global Interdependence Center

9:00 – 9:50 AM | Keynote with Audience Q&A • Patrick Harker, President and CEO of the Federal Reserve Bank of Philadelphia • Moderator: George Tsetsekos, Francis Professor of Finance and Dean Emeritus at LeBow College of Business at Drexel University and GIC Board Member

9:50 – 10:00 AM | Break

10:00 – 11:00 AM | Session I: The Climate Change Debate • Jordan Howell, Ph.D., Associate Professor of Sustainable Business, Rowan University - “ESG as if the environment mattered” • Stuart Mackintosh, Ph.D., Executive Director, Group of Thirty - “Climate response: how fast can you accelerate change?” • Sean Heberling, President, Marion Street Capital and GIC Board Member - “The Role of Tech in Incentivizing Emissions Reductions” • Moderator: George Tsetsekos, Francis Professor of Finance and Dean Emeritus at LeBow College of Business at Drexel University and Board Member, Global Interdependence Center

11:00 AM – 12:00 PM | Session II: Climate Change and Capital Markets • Mark Hays, Director of Sustainable & Impact Investing, Managing Director, Glenmede - “Portfolio Construction with climate-related investments” • Michael Cosack, Principal, ImpactWise - “Standards and Classification of EFG funds” • Gabriel Thoumi, Chief Executive Officer, Responsible Alpha - “A model for climate change” • Klaus Oppermann, Senior Economist, The World Bank - “Capital markets risk mitigation for carbon related products: the international experience” • Moderator: George Tsetsekos, Francis Professor of Finance and Dean Emeritus at LeBow College of Business at Drexel University and Board Member, Global Interdependence Center

12:00 – 12:15 PM | Break

12:15 – 1:25 PM | Session III: Climate Change and the Economy • John Newton, Chief Economist at U.S. Senate Committee on Agriculture, Nutrition & Forestry. - “Climate Risk, Food Production, and Market Prices” • Mark Zandi, Chief Economist, Moody’s Analytics. - “The Macroeconomic Consequences of Climate Change” • Moderator: George Tsetsekos, Francis Professor of Finance and Dean Emeritus at LeBow College of Business at Drexel University and Board Member, Global Interdependence Center

1:25 – 1:30 PM | Concluding Remarks • George Tsetsekos, Francis Professor of Finance and Dean Emeritus at LeBow College of Business at Drexel University and GIC Board Member

1:30 PM – 2:30PM | Lunch