Future Proofing: How Resilience Planning Supports the Future Functionality and Value of Fixed Assets and Infrastructure
Resilient cities are future-ready cities. They are more sustainable and understand what it takes to operate in a crisis, even in an uncertain future. They have justified confidence in their own capability and this is reflected in the community and commerce, attracting the best and brightest of the next generation. Non-resilient cities, fragile cities, see only the immediate future and risk a loss of community confidence in a crisis, even depopulation of the most capable and the associated loss in tax receipts. Resilience is the enabler of sustainable economic development and yet it cannot be forced, but rather encouraged and developed. The financial arguments for resilience vary by sector and location, yet they speak to the universal requirement of all businesses – to stay in business. The financial aspects of resilience are possibly to most compelling, yet as an extension of operational risk the language can be opaque. It can be difficult to clearly articulate and quantify the financial benefits of resilience for a business, asset manager, or municipality.
The Spring meeting on May 2 of the Sandford Fleming Forum explored the financial aspects of resilience, the value that it represents in the built environment, and what that means for insurers, developers and municipalities. We had three speakers uniquely placed to answer these questions, providing both institutional and professional views from risk management, insurance and urban development.
Speakers:
Tania Caceres – Perspectives on Funding Resilience: Who is responsible?
Tania Caceres is a senior risk management expert with over 20 years’ experience advising institutional and private clients. She specializes in the development and implementation of cross-functional integrated risk management solutions specifically for ownership , development, investment, and property and asset management of high value real estate assets in every class. With a background of working specifically for public and private equity investors, she has unique global expertise to help clients achieve their business objectives, optimize opportunities, manage and mitigate risk as they seek to grow and protect the value of their investments in any jurisdiction.
Tania Caceres is currently working for Risk Nexus as a Senior real estate expert providing strategic risk management advisory, consulting, procurement and project management services to institutional and private equity real estate owners, investors, developers, asset managers and property managers nationally and internationally.
Please click here for the presentation slides.
Lisa Prime – Revitalizing Toronto’s Waterfront for Resiliency and Innovation
Lisa Prime, the Director of Environment and Innovation at Waterfront Toronto is a senior environmental planning professional, with a career focused on leadership in policy, development and implementation of Corporate programs for sustainability and innovation, strategic environmental approvals for EA and brownfields Risk Assessment and managing interface issues between development and natural areas. She is responsible for Corporate Social Responsibility and Sustainability metrics and reporting. As a director she is responsible for environmental approvals and sustainability, ensuring strategic and innovative solutions are achieved and drives success in sustainability to support market transformation and low carbon development.
Lisa Prime has experience in senior management, with expertise in strategic leadership, leveraging partnerships, negotiating, decision making with uncertainty, directing and managing integrated teams. She has worked as a representative of corporate public image including speaking on sustainable city building nationally and internationally, published articles on planning and sustainable city building. She has been an advisor to other agencies, government, organizations and university programs.
The presentation slides are available here.
Michael Kosturik – P&C Insurance: Climate Change Reality
Michael Kosturik is a Regional Vice President for Intact Insurance, where he leads the development of broker relationships in Toronto and across Ontario. Teams in his portfolio include commercial and personal lines underwriting.
He joined Intact in 1984, starting at Guardian Insurance Company of Canada. Mike’s tenure with Intact has seen him hold various roles, including management roles in underwriting, marketing, and claims.
Mike holds a Bachelor of Economics and Business from Western University. He is an active Fellow of the Insurance Institute of Canada, serving as a member of the academic committee and Chair of the seminar sub-committee.
For the presentation slides, please click here.
May 2, 2016 at 5:30 pm at the University of Toronto Faculty Club
Sponsored by:
