Seeing the Dangers Ahead, Part II - Risky Business: An Essential Introduction to Climate Financial Risks and the Role of Regulators

A wind turbine made out of a bar chart and a circle chart; a fire with a pressure gauge; a cloud made out of binary code (0s and 1s); a line chart in the background. The logos of the State Impact Center, Woodwell Center, and the Massachusetts AGs Office.
  • Tuesday, February 15, 2022–Tuesday, February 15, 2022
  • Online Event

The State Ener­gy & Envi­ron­men­tal Impact Cen­ter, Wood­well Cli­mate Research Cen­ter, and the Mass­a­chu­setts Office of the Attor­ney Gen­er­al host­ed a three-part vir­tu­al event series that pro­vid­ed essen­tial infor­ma­tion and tools to help reg­u­la­tors and advo­cates under­stand the lat­est avail­able pub­lic and pri­vate data about phys­i­cal, finan­cial, and tran­si­tion cli­mate risks, how reg­u­la­tors might address key data gaps, and how to har­ness cli­mate risk data for gov­ern­ment deci­sion-mak­ing. See Part I here, and Part III here. 

This pan­el pro­vid­ed a primer on cli­mate finan­cial risk, its rela­tion­ship to phys­i­cal risk, the role of investors, and oppor­tu­ni­ties for reg­u­la­tors to advance dis­clo­sure stan­dards and indus­try safeguards.

Keynote Speak­er

Robert J. Jackson, Jr.

Robert J. Jack­son, Jr.

Pro­fes­sor of Law, New York Uni­ver­si­ty; For­mer Com­mis­sion­er of the U.S. Secu­ri­ties and Exchange Commission

Robert J. Jack­son, Jr. is Pro­fes­sor of Law at the New York Uni­ver­si­ty School of Law. He served as Com­mis­sion­er of the U.S. Secu­ri­ties and Exchange Com­mis­sion from 2017 to 2020. Pri­or to his nom­i­na­tion to the Com­mis­sion, Pro­fes­sor Jack­son taught at Colum­bia Law School, served as a senior pol­i­cy advi­sor at the U.S. Trea­sury Depart­ment, prac­ticed law at Wachtell, Lip­ton, Rosen & Katz and was an invest­ment banker at Bear, Stearns. Jack­son holds two under­grad­u­ate degrees from the Uni­ver­si­ty of Penn­syl­va­nia, an MBA in Finance from the Whar­ton School of Busi­ness, an MPP from Harvard’s Kennedy School, and a JD from Har­vard Law School. 

Pan­el Discussion

Dr. Yue (Nina) Chen

Dr. Yue (Nina) Chen

Exec­u­tive Deputy Super­in­ten­dent, Cli­mate Divi­sion, New York State Depart­ment of Finan­cial Services

Dr. Yue (Nina) Chen is the inau­gur­al Exec­u­tive Deputy Super­in­ten­dent of Cli­mate Risk Divi­sion at the New York State Depart­ment of Finan­cial Ser­vices. Nina was appoint­ed as the inau­gur­al Direc­tor of Sus­tain­abil­i­ty and Cli­mate Ini­tia­tives in May 2020. Nina also serves as the Vice-Chair of the Cli­mate Risk Steer­ing Group at the Inter­na­tion­al Asso­ci­a­tion of Insur­ance Super­vi­sors. Nina received her B.S. in Chem­i­cal Engi­neer­ing from Tsinghua Uni­ver­si­ty, Bei­jing, Chi­na, her Ph.D. in Chem­i­cal Engi­neer­ing from the Mass­a­chu­setts Insti­tute of Tech­nol­o­gy, and a Cer­tifi­cate in Con­ser­va­tion and Envi­ron­men­tal Sus­tain­abil­i­ty from Colum­bia University.

Wendy Cromwell

Wendy Cromwell

Vice Chair, Welling­ton Management

Wendy Cromwell is a senior mem­ber of Wellington’s man­age­ment team and acts as an aide to the chair­man and CEO with respect to exter­nal affairs of the orga­ni­za­tion. She is also the Direc­tor, Sus­tain­able Invest­ment set­ting the research agen­da and strat­e­gy for the firm’s sus­tain­able invest­ment prac­tice, includ­ing impact, cli­mate, and long-term engage­ment strate­gies. Wendy received her MBA, with hon­ors, from Van­der­bilt Uni­ver­si­ty and her BBA, sum­ma cum laude, from the Uni­ver­si­ty of Mis­sis­sip­pi. She also holds the Char­tered Finan­cial Ana­lyst designation.

Dave McGlinchey

Dave McGlinchey

Chief of Exter­nal Affairs, Wood­well Cli­mate Research Center

Dave McGlinchey over­sees Wood­well Cli­mate Research Center’s part­ner­ships and pol­i­cy out­reach. As a part of his work, he reg­u­lar­ly engages con­gres­sion­al cli­mate lead­ers in Wash­ing­ton, D.C., and has rep­re­sent­ed the Wood­well Cen­ter at UN Cli­mate Change Con­fer­ences in Mar­rakesh, Moroc­co; Bonn, Ger­many; and Madrid, Spain. He is a jour­nal­ist and lawyer, and before join­ing Wood­well he worked on com­mu­ni­ca­tions and gov­ern­ment rela­tions for glob­al biotech­nol­o­gy com­pa­ny Novozymes. He received his under­grad­u­ate degree from Wake For­est Uni­ver­si­ty, and his law degree from Suf­folk Uni­ver­si­ty Law School.

Marilyn Waite

Mar­i­lyn Waite

Man­ag­ing Direc­tor, Cli­mate Finance Fund

Mar­i­lyn Waite leads the Cli­mate Finance Fund. She has worked across four con­ti­nents in renew­able and nuclear ener­gy, and cli­mate mod­el­ing and invest­ment. Author of Sus­tain­abil­i­ty at Work: careers that make a dif­fer­ence, Marilyn’s writ­ing has been fea­tured in the Finan­cial Times, Forbes, and Green­Biz, where she serves as edi­tor at large. Mar­i­lyn pre­vi­ous­ly led the ener­gy prac­tice at Vil­lage Cap­i­tal, and worked at Project Draw­down and Ora­no (for­mer­ly ARE­VA). She holds a Master’s Degree with dis­tinc­tion in Engi­neer­ing for Sus­tain­able Devel­op­ment from the Uni­ver­si­ty of Cam­bridge and a Bachelor’s of Sci­ence Degree in Civ­il and Envi­ron­men­tal Engi­neer­ing, magna cum laude, from Prince­ton University.


Madison Condon

Madi­son Condon

Asso­ciate Pro­fes­sor Boston Uni­ver­si­ty School of Law

Madi­son Con­don joined Boston Uni­ver­si­ty School of Law as an asso­ciate pro­fes­sor in July 2020. She teach­es Envi­ron­men­tal Law, Cor­po­ra­tions, and a sem­i­nar on cli­mate risk and finan­cial insti­tu­tions. A focus of her recent research is cli­mate change’s rela­tion­ship to cor­po­rate gov­er­nance, mar­ket risk, and reg­u­la­tion. She is also inter­est­ed in the use and manip­u­la­tion of sci­ence and eco­nom­ics in admin­is­tra­tive law. Pro­fes­sor Condon’s schol­ar­ship has appeared in the Wash­ing­ton Law Review, the Vir­ginia Envi­ron­men­tal Law Jour­nal, Land Use Pol­i­cy, and the Review of Envi­ron­men­tal Eco­nom­ics and Policy.