by Heidi | Aug 22, 2023
Globally, we are seeing a rise in frequency and impact of natural catastrophes that are being exacerbated by a changing climate. Our climate has already changed, it is physically bigger, it holds more energy and when that energy is released it creates more disruption than our operations and assets are often designed for. Asset managers must adopt approaches to managing portfolio physical risk that better reflects the uncertainty of our operating environments.
This presentation will discuss:
- Identify: Climate change, systemic risk and asset portfolios
- Measure: How to assess physical climate risk across large asset portfolios
- Manage: Observations on asset portfolio risk and how to manage them
About the speaker:
Henry Elderfield, Manager – Risk Advisory, Aurecon
Henry is an experienced risk manager with a diverse range of international experience in climate change risk management, asset portfolio risk management, international security and counterterrorism, and crisis management.
Henry specialises in physical climate risk assessments to inform operational resilience initiatives and financial market disclosure frameworks for large physical asset portfolios. He has designed and executed portfolio climate risk assessments for S&P500 and ASX50 companies.
Henry focuses on aligning climate risk management to business performance, which means:
- Adopting existing enterprise management frameworks
- Identifying key operational and business functions to assess climate risk against
- Deriving the incremental effect of climate change on existing risk profiles
Henry has a degree in International Relations majoring in Diplomacy, Masters Degree in Business majoring in Applied Finance. Henry also hold an Associate in Risk Management accreditation from The Institutes.
by Heidi | Aug 3, 2023
Australia is in the middle of an energy revolution. Energy sources are shifting to renewables, from the bulk end of the supply chain to people’s home solar systems. The needs of energy stakeholders, the technology available to Ausgrid and our customers and governmental policy settings also evolving rapidly as a result. The presentation will discuss these changes and their implications, in the context of asset management during the electrification of assets. Observations will be offered from the perspective of the Capability Delivery Model in terms of stakeholder needs, business objectives, systems engineering, acquisition, operations & maintenance, configuration management and continuous improvement.
About the speaker:
Matthew Webb, Head of Asset Investment, Ausgrid
Matt has over 30 years experience in managing all aspects of using power systems to meet customers’ electricity needs, including network planning, asset management, regulation and field management.
As Head of Asset Investment, Matt is responsible for Ausgrid’s long-term electricity network investment needs and opportunities in a rapidly changing operating environment. This includes applying asset management and other techniques to:
- Understand changing customer priorities and how Ausgrid will adapt services to meet customer needs and adoption of new technologies.
- Transform network services through innovation and new capabilities needed to manage complex network power flows and deliver efficient renewables hosting capacity.
- Unlock value of customer DER assets and load flexibility to achieve a reduced overall energy cost for customers and improved network utilisation.
- Ready the network to enable the needs of our customers and stakeholders safely, efficiently and equitably, to facilitate a net zero future.
Matt is an Honorary Professorial Fellow at the University of Wollongong, as well as being Ausgrid’s senior representative and a member of the Research Advisory Committee (ReAC) to the RACE for 2030, a national industry led cooperative research centre.
