Media Advisory

New York Fed to Host Event Exploring the Role the Financial Sector Can Play in Mitigating Climate Risk for the Most Vulnerable

November 17, 2020

NEW YORK– On Thursday, November 19, the Federal Reserve Bank of New York, in conjunction with Climate Safe Lending Network (CSL Network), will host an event exploring the intersection of climate change approaches in the financial sector and opportunities for community resilience and inclusion. This event will feature discussions with leaders from financial institutions, academia, and community development.

Titled "Reducing Climate Risk for Low Income Communities," the event will bring together international climate investors, sustainability officers, and experts on urban and environmental policy to discuss pathways to building resiliency in the low-income communities that are most vulnerable to the flooding, fires, and more frequent and severe storms caused by climate change.

The event will feature a panel discussion on the role the financial sector can play in working with low-income communities to build climate resiliency. Kevin Stiroh, executive vice president and Head of the New York Fed's Supervision Group, will give opening remarks. Claire Kramer Mills, assistant vice president of the Bank's Community & Outreach group, will moderate a panel discussion with Audrey Choi, Chief Marketing Officer and Chief Sustainability Officer at Morgan Stanley; James Vaccaro, Interim Director, Network & Strategy Team, Climate Safe Lending Network; and Mijin Cha, Assistant Professor, Urban and Environmental Policy, Occidental College. David Erickson, Senior Vice President of the New York Fed's, Community Development Outreach & Education, will make closing remarks.

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

For more information on the event, including an agenda and list of speakers, see here.

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