Reducing Climate Risk for Low Income Communities

November 19, 2020


The shocks and stresses of climate change are creating huge risks for both the financial sector and vulnerable populations. Already in 2020, with a global temperature rise of 1.2°C, we have seen the impact of more severe wildfires and hurricanes. We know these impacts are not distributed evenly, with low-income and other vulnerable communities affected most. There is a clear opportunity for climate finance to address risk by building stronger economies in low-income areas that makes places more resilient to climate change.

Co-hosted by Climate Safe Lending Network, this event explored the intersection of climate change approaches in the financial sector, and the opportunities for community resilience and inclusion.

Event Details

Date & Time
November 19, 2020
11:00am - 12:30pm


This event was open to the media and members of the public, including nonprofit organizations, foundations, chambers of commerce, federal and local community development practitioners, researchers, financial institutions and capital providers. All remarks were on-the-record unless otherwise noted and the event was recorded.

11:00am-11:05am Opening Remarks

Kevin Stiroh, Executive Vice President and Head of the Supervision Group, Federal Reserve Bank of New York
11:05am-12:25pm Panel Discussion

Moderator: Claire Kramer Mills, Federal Reserve Bank of New York

Audrey Choi, Chief Marketing Officer and Chief Sustainability Officer, Morgan Stanley
James Vaccaro, Interim Director, Network & Strategy Team, Climate Safe Lending Network
Mijin Cha, Assistant Professor, Urban and Environmental Policy, Occidental College
12:25pm-12:30pm Closing Remarks

David Erickson, Senior Vice President, Community Development Outreach & Education, Federal Reserve Bank of New York

Media & General Inquiries
This event was open to the media. All remarks and panels were on-the-record, unless otherwise noted. Members of the press may contact Andrea Priest.

For more information about this event, please email NY.Fed.CommunityDevelopment@ny.frb.org.


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