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Tuesday, May 2, 2023



Registration
 9:30am - 10:00am
Welcome Remarks
 10:00am - 10:15am
Getting Warmer: The Intersection of Climate, Clean Energy, and Business with Kal Penn
 10:15am - 11:15am

Keynote Speaker:
Kal Penn, Actor, Writer, Producer, and Host of Bloomberg Original’s Getting Warmer with Kal Penn

As host of Getting Warmer, Kal Penn has traveled the country reporting on businesses, initiatives, researchers and communities transitioning to clean energy. He analyzes the full scope of climate solutions from ESG investing and electric vehicles to new forms of energy and “greener living.”

In this talk, he explores the critical topics connected to climate change and gives audiences a better understanding of the ways policymakers, consumers, and businesses can tackle these issues together.
Networking Break
 11:15am - 11:30am
A Gathering Storm: The ESG Regulatory and Legislative Landscape
 11:30am - 12:20pm

Moderator:
Sairah Burki, Managing Director, Head of Regulatory Affairs & Sustainability, CRE Finance Council

Panelists:
Natalie Ambrosio Preudhomme, Associate Director, Moody's Analytics CRE
Sam Chandan, Founding Director and Professor, C. H. Chen Institute for Global Real Estate Finance, NYU Stern School of Business
Ross MacWhinney, Senior Advisor, NYC Mayor's Office of Climate and Environmental Justice
Cliff Majersik, Senior Advisor, Policy and Programs, Institute for Market Transformation

Discussion Topics:
  • What key regulatory developments are we expecting? How will they impact CRE and ESG?
  • The “war on ESG”
  • The ESG pendulum seems to be swinging sharply from “all ESG all the time” to “ESG is antithetical to capitalism.” Where will we land?
  • How will the enormous $ amount of the Inflation Reduction Act climate incentives figure into decarbonization of commercial real estate? Will these along with municipal requirements (e.g. LL97) move the needle?
Networking Lunch
 12:20pm - 1:20pm
Rising Tides and Rates: Evolution of CRE Insurance in Stormier Times
 1:20pm - 2:10pm

Moderator:
William R. Mooney, Managing Director, Harbor Group Consulting, LLC

Panelists:

Becky Leeper, Partner Program Leader & Solution Strategist, Moody’s Climate Solutions
Danielle Lombardo, Chair, Lockton Global Real Estate Practice, Lockton Companies
Chris Semlies, AVP Construction Project & Business Resilience Services, Zurich North America
Nancy Watkins, FCAS, MAAA, Principal & Consulting Actuary, Milliman

Discussion Topics:

  • Domestic and international trends due to rising rates
  • What is driving pricing and capacity? What underwriters are looking for in a submission and how lenders can help size limits, provide property specific information, and make the submission more successful
  • How wind models differ and factors that can impact how well a property performs in a model
  • Increasing resiliency, protecting market capacity, and driving premium down
  • How do carriers view sustainability? What can be done to make a property more sustainable to an insurance company or more resilient following a loss?
  • Where is the market going next? 6 months? 12 months?
Networking Break
 2:10pm - 2:25pm
Making It Real – How Climate-Related Risk Management & Due Diligence Is Happening Now

2:25pm - 3:15pm

Moderator:
Kathleen Olin, Managing Director, Industry Initiatives, CRE Finance Council

Panelists: 
Lisa Brylowski, Senior Vice President, Business Operations, Real Estate, Brookfield Asset Management
Luba Kim-Reynolds, Director, Head of Investor Relations & ESG Initiatives, Freddie Mac
Holly Neber, CEO, AEI Consultants
Damian Wach, Vice President, PGIM Real Estate

Discussion Topics:

  • Trends in how climate risk is being integrated into standard due diligence and risk management processes
  • Emerging climate risk and resilience requirements at the property level from lenders, investors, and others
  • The latest status on the upcoming ASTM guide for climate risk and resilience assessments 
  • Case studies of climate risk management and resilience measures at the property level relative to operating expenses and NOI
Networking Break
3:15pm - 3:30pm
Financing Sustainability: Cracking the C-PACE Code (Closed to Media, Not Available for Replay)
 3:30pm - 4:20pm

Moderator:
Jason Rozes, Partner, Dechert LLP

Panelists:
Kevin Augustyn, Senior Vice President, North American CMBS, DBRS Morningstar
Jessica Bailey, President and CEO, Nuveen Green Capital
Susan Morth, CEO, EIC NY PACE
Laura Rapaport, CEO, North Bridge
Kelly Souza, Managing Director, Sustainable Finance & Advisory, Wells Fargo

Discussion Topics:

  • How and why C-PACE demand is increasing despite the current rising interest rate environment
  • The mitigants capital providers use to make C-PACE work with first mortgage lenders
  • Recent C-PACE success stories to help property owners find attractive financing during current market liquidity constraints
  • How C-PACE can help borrowers and lenders comply with local energy efficiency and greenhouse gas emissions laws
  • Factors that will unlock C-PACE as a viable solution in the CMBS market
  • What C-PACE “non-acceleration” really means, and how lenders enforce remedies
Networking Reception
 4:30pm - 5:30pm

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