Business and Climate Change - Dr Charles Donovan and Lord Browne
Global climate change is already affecting the bottom line for companies around the world, and in the years ahead, managing climate risk will emerge as a key management imperative. Some of the world’s largest financial institutions are actively warning clients to act now on climate risk and to improve their positioning in a global economy that will be fundamentally altered by severe weather events, technological advances, regulatory changes, and shifts in consumer demand. Yet as of today, the risks and opportunities associated with climate change remain poorly understood in the private sector.
Although the physical impacts of climate change may take a heavy toll on the global economy long-term, businesses are already facing disruptive changes from technological and regulatory developments. This event will highlight what investors can be doing now to manage risk and maximize returns on green investment opportunities. The talk will draw upon Imperial College’s interdisciplinary work on environmental and financial issues to deliver a practical examination of the business case for adapting to global climate change.
Dr Charles Donovan
Dr Charles Donovan
Charles Donovan is Director of the Centre for Climate Finance and Investment at Imperial College Business School and Principal Teaching Fellow in the Department of Management. In his corporate career, he was most recently Head of Structuring and Valuation for Alternative Energy at BP plc, where he managed a team responsible for analysis and financing of large renewable energy projects in North America, Europe and Asia. He was part of the strategy team that launched the alternative energy division in 2005, with a commitment from BP to spend $8 billion over 10 years, and participated in a number of strategic acquisitions. Charles began his career as an Energy Policy Analyst with the US Environmental Protection Agency during the Clinton Administration and subsequently worked in principal investments at the Enron Corporation. His experience also includes several years in management consulting.
Charles holds a bachelor degree in Psychology from the University of Washington, graduated with honours from the MBA program at Vanderbilt University, and completed a Doctorate in Management at the IE Business School in June 2012. Charles is the editor and co-author of Renewable Energy Finance: Powering the Future, published by Imperial College Press in September 2015.
Lord Browne joined BP in 1966 as a university apprentice, between 1969 and 1983 had a variety of exploration and production posts in North America and the UK, and in 1984 became Group Treasurer and Chief Executive of BP Finance International. He held senior roles during the BP/Standard and BP/Amoco mergers in 1987 and 1998 and was appointed Group Chief Executive in 1998. He left in 2007.
He is Executive Chairman of L1 Energy and Chairman of Huawei UK, Stanhope Capital, and the Accenture Global Energy Board. He is a director of Pattern Energy and a member of the advisory boards of Edelman, Schillings and the big data technology companies Affiniti, Kayrros, Windward and Neos.
Lord Browne was voted Most Admired CEO by Management Today every year between 1999 and 2002, was knighted in 1998 and made a life peer in 2001.
He is Chairman of the Trustees of the Tate Galleries and Chairman of the board of the Donmar Warehouse. He is a member of the boards of a number of other organisations, including the Blavatnik School of Government in Oxford.
He is a Fellow of the Royal Society and the Institute of Materials, Minerals and Mining, a Fellow of The Royal Academy of Engineering, and an Honorary Fellow of a number of institutions.
He was the UK Government’s Lead Non-Executive Board Member from 2010 to 2015, and chaired the committee that authored the Browne Report, an independent review of higher education published in 2010.
In 1999, The Royal Academy of Engineering awarded him the Prince Philip Medal for his outstanding contribution to engineering. He has also been awarded Honorary Doctorates from a number of leading universities, is an Honorary Fellow of John’s, Cambridge, and is a Senior Member of St Antony’s College, Oxford. He holds degrees in Physics from Cambridge and an MS in Business from Stanford.
Lord Browne is the author of four books, Beyond Business, Seven Elements that Changed the World, The Glass Closet: Why Coming Out is Good Business and Connect: How Companies Succeed by Engaging Radically with Society.
Anjalika manages TheCityUK’s economic research programme. She leads the team that produces the organisation’s in-house economic research, presents research and analysis externally, and writes TheCityUK’s economics blog.
Prior to joining TheCityUK in 2014, she spent 12 years with the Economist Intelligence Unit (EIU), holding a number of different roles in the company’s New York and London offices, including Manager of Country Reports, the EIU’s flagship publication. Anjalika also spent two years with Eurasia Group, the political and economic risk consultancy, overseeing the company’s South Asia-focused macroeconomic and political analysis. She has spoken at conferences in around a dozen countries across Europe, Asia and the Americas. In addition, she has appeared as a commentator on broadcast media channels including CNN International, CNBC and the BBC, and has been quoted in leading print media in the UK, US, India and elsewhere.
Anjalika has a BA from New York University and an MBA from Imperial College Business School (ICBS), and has also studied at the London School of Economics and Sciences Po (Paris). She is a member of the Alumni Advisory Board at ICBS and a Trustee of the charity All Stars London.