Event description:
Managing the risks associated with climate change has become an escalating priority for financial institutions globally. As the financial services industry engages in financial activitiesthat span all sectors of the economy, it is particularly vulnerable to climate related risks. The changes in weather and climate are increasing the frequency and volatility of weather events and amplifying financial institutions’ exposure to climate-relatedlosses across their portfolios. To mitigate these risks and stabilize the health of the banking system, financial institutions must develop and implement long-term climate strategies and manage the financial risks associated with climate change. In this Co-opConversation, Ritu Linfoot, Director of Risk Operations and Enterprise Risk Management at Vancity, will share Vancity’s approach to climate change, which includes goals to achieve net zero carbon emissions by 2040, and assessing and mitigating climate risksthe organization faces, as well as share some lessons learned.
Speaker biography:
Ritu Linfoot is the Director of Risk Operations and Enterprise Risk Management (ERM) at Vancity Credit Union. Over her 30-year cooperativecareer at Vancity, Ritu has held multiple leadership roles including in branches, in information technology, on projects that focus on large scale change management and business readiness activities, and now currently in Enterprise Risk.
