Forum Agenda

50

World Class Speakers

20

Outcome Driven Sessions

10+

Live Polling Questions

Sustainable Investment Forum Europe 2024 Agenda

09:00 
– 09:05 CET

Opening Remarks

09:05 
– 09:15 CET

UNEP FI Welcome Address

Speakers

Eric-Usher-300x300
Eric Usher
Head
UNEP Finance Initiative (UNEP FI)
09:15 
– 09:25 CET

Opening Keynote

09:25 
– 10:05 CET

Panel: Current state of play in sustainable finance and responsible investing in Europe

Current state of play in sustainable finance and responsible investing in Europe

Update on The European Green Deal investment plan and ‘enabling framework’- to facilitate and stimulate  public and private investments needed for the transition to a climate-neutral, green, and inclusive economy

The EU is facing a make-or-break moment in terms of whether it is willing to pay the costs – both financial and political – of moving forward with decarbonisation at the speed and according to the model it has set out in the European Green Deal. Climate neutrality in Europe cannot be achieved without sustained publicprivate collaboration and joint action. Enhanced public– private cooperation to ensure a climate-neutral and competitive future for the European economy. Despite some companies making good progress in reducing Scope 3, both SMEs and large companies are facing obstacles in decarbonising their value chains. Delivering on the EGD requires steadfast implementation and momentum across stakeholders. Is the challenge for European leaders in 2024 to build the case for doubling down on the next difficult stage of implementation?

  • Enhanced public– private cooperation to ensure a climate-neutral and competitive future for the European economy. As Scope 3 emissions are far more complex to reduce than Scope 1 and 2 does this pose a risk to the feasibility of reaching the EGD’s net-zero target?
  • Are European asset owners continuing to lead global net zero efforts by adopting and active ownership approach?
  • Examining clean energy solutions across Europe- is collaboration across jurisdictions required to reduce the reliance upon fossil fuels?
  • How to identify and model risks and to encourage private and institutional investors to invest in more purposeful projects using enhanced de-risking mechanisms offered by increased EU-backed guarantees
  • The European decarbonisation roadmap and likely problems with a 2050 target
  • TCFD & SFDR- An update on European sustainable finance regulation as Europe expands dominance in ESG
  • How are investors contending with the recent French ESG labelling laws for sustainable investments?

Speakers

Morten Nilson

Morten Nilsson

CEO
Brightwell
Joël Prohin Direction des Finances 31 juillet 2015
Joël Prohin
Head of Investment Management
Caisse des Dépôts
Eivind Fliflet

Eivind Fliflet

Head of the Environmental team, Active Ownership Department
Active Ownership Department, Norges Bank Investment Management
Adrien Perret

Adrien Perret

Executive Director
Fonds de Réserve pour les Retraites
10:05 
– 10:15 CET

Keynote Interview

The European Green Deal has facilitated this transition by mobilising €1 trillion over the next decade to tackle climate change. Does the European Green Deal offer the greatest opportunity for Europe to accelerate strategic investments?

Speakers

Jim Skea
Professor Jim Skea
Chair
IPCC
10:15 
– 10:30 CET

Sustainable Investment Dialogue | Increasing Climate Ambition, Decreasing Emissions

Net-Zero Asset Owner Alliance Scope 3 Discussion Paper Launch

With more than 80% of most companies’ carbon footprints attributable to Scope 3 greenhouse gas emissions, it is critical that investors account for these in their net-zero target-setting methodologies. The Net-Zero Asset Owner will release a discussion paper examining two sectors that are material for investors – oil & gas and financials – examining some of the challenges facing investors today, such as data availability, reliability, and double-counting.

Speakers

Udo Riese

Udo Riese

Head of Sustainable Finance
Allianz Investment Management
jean-francois-coppenolle-300px-08-2022

Jean Francois Coppenolle

Director of Climate & ESG Investments
Abeille Assurances Group
10:30 
– 10:45 CET

Climate Leader Insight Interview

Speakers

Jean-Baptiste Tricott

Jean-Baptiste Tricot

Chief Investment Officer
AXA group, Chair of the Steering Committee, NZAO Alliance
10:45 
– 11:15 CET

Morning Break

11:15 
– 11:30 CET

Sustainable Investment Dialogue | A just transition to Net Zero: Collaborative action or an individual sport?

As financial markets redirect capital towards net zero projects, banks and investors must anchor their net zero plans in Just Transition principles, respecting social, labour and human rights standards, creating new, high-quality jobs, rejuvenating communities and working within planetary boundaries. A just transition requires financial inclusion and resilience financing.

  • Where are industry coalitions delivering superior ESG progress and are investors sometimes better placed acting alone?
  • ​Role of intergovernmental bodies, coalitions, and institutional investors-which ESG goals European investors have made stronger progress on through collective action versus a targeted solo force
  • Examining how as the global economy transitions to greener models, it is essential that investors understand how to direct their transitionary financing towards the places it is most urgently needed
  • Examining the UK Transition Plan Taskforce’s Disclosure Framework when comparing the widening the scope of planning to cover a just transition. Stakeholder engagement and the impacts of transition activities on. How does the UK TPT fit within existing EU frameworks and taxonomies?
  • The importance of private sector initiatives- by preparing high-integrity frameworks and approaches for policymakers to customise and adopt, non-state actors and coalitions can fast-track policy improvements

Speakers

Joana Pedro

Joana Pedro

Social Lead
UNEP Finance Initiative (UNEP FI)
11:30 
– 12:10 CET

Panel | Turning Net Zero ambition into action- how the alliances are working towards 1.5°C?

The finance industry is being urged to accelerate the transition to low-carbon, resilient, and inclusive economies, though political division has posed many challenges to banks, insurers and investors trying to put sustainability at the core of their business practices. Despite multiple challenges, UNEP FI’s members continued to respond ambitiously by contributing, as the UN’s largest network of financial institutions, to advancing sustainable finance.

  • What has worked and hasn’t when delivering science based emissions targets?
  • Meeting net zero commitments through collective engagement and collaboration- ensuring the necessary economic and societal adjustments are made for a just transition

Speakers

Olga Hancock

Olga Hancock

Head of Responsible Investment
Church Commissioners for England
Matt Holmes

Matt Holmes

Group Head, Political & Government Affairs
Zurich Insurance Group
12:10 
– 12:25 CET

Climate Leader Insight Interview

12:25 
– 13:05 CET

Panel | Financing the transition - role of banks from planning to practice: Current state of play with transition planning and transition finance in Europe

 Financing the transition- role of banks from planning to practice: Current state of play with transition planning and transition finance in Europe

Financial institutions have a critical role to play in accelerating the transition to a net‐zero economy. This includes the reporting of the volume of sustainable finance provided, which is supported by a range of international taxonomies, and an industry framework which seeks to define transition financing. The “four financing strategies” defined by GFANZ can provide a starting point for banks to report their transition finance efforts.

  • While banks remain a key enabler in the net‐zero transition, they should not be the sole active player – examining how the success of these efforts is also deeply dependent on supportive government policiesand proactive decarbonisation by real economy companies
  • Can banks provide further transparency on the volume of financing (new or in total) provided to companies who are actively transitioning, according to a defined segmentation of their transition status?
  • Capital deployment strategies will require a collaborative effort among all stakeholders, alongside dedicated fiscal and regulatory tools and risk-sharing financial mechanisms such as blended finance
  • Will financial institutions will need to build the internal capabilities that will help them engage effectively?
  • Missing (sectoral) data, scientific pathways and best practice for corporate transition plans
  • Defining net-zero targets and timelines to support the client transition, finance the green technologies of the future, and fund the early retirement of high-emitting assets
  • Will creating cultures of decarbonisation encourage a concerted effort across organisations- systemic change requires significant innovation? New capabilities will be required to help institutions manage risks and explore opportunities as they put their net-zero plans into practice.
  • Current state of play with transition planning and transition finance in Europe and how such plans fit within the TCFD and SFDR and CSDR frameworks

Speakers

Heather

Heather Buchanan

Chief Executive Officer
Bankers for Net Zero
Francis Malige Headshot

Francis Malige

Managing Director, Head of Financial Institutions Business Group
EBRD
Danielle Brassel

Danielle Brassel

Director, Responsible Investment
Zurich Insurance Group
Aleksandra

Aleksandra Palinska

Executive Director
Eurosif
13:05 
– 14:00 CET

Networking Lunch

14:00 
– 14:15 CET

Climate Leader Insight Interview

14:15 
– 15:00 CET

Panel | Climate and nature nexus- how are investors managing nature related risks and opportunities across their organisational strategy- stewardship, stakeholder engagement and disclosure?

The sustainable financial community and the financial industry in general must play a more active role as a steward of global capital, it is uniquely positioned to help build an economy that works with, rather than against, nature. It can facilitate a nature-positive transition, by transforming the way it allocates capital and developing new models to allow institutional investors to price biodiversity risks and opportunities more accurately across portfolios.

  • ESG and biodiversity- developing new models to price biodiversity risks and opportunities more accurately
  • Quantifying biodiversity exposure risks and embedding natured based investment opportunities into broader environmental strategy
  • How can the EU take the lead in promoting biodiversity?
  • Developing and scaling up revenue flows from ecosystem services and using blended finance
  • Harnessing available data to better identify and properly manage nature-related impacts, dependencies, risks and opportunities
  • Assessing the material risks facing financial institutions and the compounding climate risks
  • Assessing frameworks for action and initiatives to foster collaboration – can investors leverage their knowledge of TCFD for biodiversity when applying the TNFD framework?

Speakers

Romie Goedicke
Romie Goedicke
Associate Nature Lead
UNEP Finance Initiative (UNEP FI)
Robin Millington

Robin Millington

CEO
Planet Tracker
Marion Maloney

Marion Maloney

Strategic Investment Manager Pension Fund Management Team
Environment Agency Pension Fund in England & Wales
15:00 
– 15:15 CET

Climate Leader Insight Interview

15:15 
– 15:35 CET

Dialogue Session

Tackling the public–private culture gap: Underpinning public action to mobilise private finance and drive a just transition to net zero- scaling up the use of blended finance vehicles by removing barriers and overcoming existing obstacles. The world is facing monumental challenges from climate change and ongoing political crises- to what extent is the mobilisation of private capital and investment required to scale solutions globally?

  • Examining how blended finance can efficiently de-risk investments in climate solutions and market segments which don’t have appropriate risk-return profiles to attract large-scale institutional capital
  • Scaling up the use of blended finance vehicles by removing barriers and overcoming existing obstacles
  • Leveraging public-private partnerships and blended capital flows to enable accelerated growth of climate solutions needed both in developed and EM countries to meet climate and sustainable development goals in just, equitable and effective ways
  • Why financial inclusion is critical for climate resilience
  • Have enhanced de-risking mechanisms encouraged private and institutional investors to invest in more sustainable projects?
  • MDB reform- should MDBs focus more on creating portfolios of sustainable finance assets to offer private investment opportunities at scale?

Speakers

Headshot-Sagarika-Chatterjee-300x300

Sagarika Chatterjee

Department Director, Climate Finance
UN Climate Champions, Race to Zero
15:35 
– 15:45 CET

Sustainable Investment Spotlight

Tackling the triple planetary crisis: why we need integrated approaches to environmental risk?

As we face an increasingly volatile world, it is no longer enough to consider risks in isolation. Science tells us how climate change both worsens nature loss and can be accelerated by it as well. For financial actors looking to build resiliency and find opportunities, a systematic perspective on risks is critical. We will hear from a leading scientist, a financial regulator, and the leader of UNEP FI’s new Risk Centre about how financial actors must navigate emerging environmental and societal challenges. Topics covered will include planetary boundaries, climate and nature stress testing, and UNEP FI’s planned Risk Centre work program, designed to equip FIs with the tools to confront the risks they face.

Speakers

David Carlin

David Carlin

Head of Risk
UNEP Finance Initiative (UNEP FI)
15:45 
– 16:15 CET

Afternoon Break

16:15 
– 16:20 CET

Keynote

Speakers

Helena

Helena Viñes Fiestas

Chair
EU Platform for Sustainable Finance and Commissioner, Spanish Financial Markets Authority
16:20 
– 17:00 CET

Sustainable Investment Dialogue | Voluntary Carbon Markets - increased momentum and appetite post COP28? A source of funding for nature based solutions?

Government officials, conservation organisations and industry groups have sought to revive confidence in the unregulated voluntary carbon market at COP28 amid concerns it does little to mitigate the climate crisis or the destruction of nature. The sector is wrestling with human rights concerns, and a lack of clarity about financial flows. At COP 28 there was an agreement among standards organisations, international bodies, civil society, governments, and corporations – that an effective carbon market is an irreplaceable and critical component of addressing the climate challenge. As the carbon market is at an inflection point does it deserve a scientifically robust assessment to support its improvement? Considering the long-term nature of the energy transition, as well as the ongoing high usage of fossil-fuel energy in Europe, the question of voluntary carbon-trading mechanisms becomes critical to offsetting emissions, especially during the transition period.

  • Can the voluntary carbon market (VCM) can drive genuine change catalyse investment in the global south, enhance people’s lives and drive real emission reductions?
  • Should credits be used as a complement to corporate decarbonisation, rather than a substitute, including for scope 3 emissions?
  • How are carbon credits priced in the VCM?
  • Reducing emissions throughout value chains and in line with science-based targets, transforming business practices where needed, while simultaneously taking responsibility for those [emissions] they cannot yet eliminate.
  • Driving liquidity and transparency to voluntary carbon markets.
17:00 
– 17:40 CET

Panel | Physical Climate Risk –the mitigation and adaptation agenda: Preparing Investors for a 1.5°C+ world

Dealing with the non-linear and cascading nature of physical climate risks

Physical climate risk management should be embedded into how investment firms manage risks relating to real assets. From overall investment strategy and risk appetite down into the quantitative risk assessment, investment decisions and disclosures. How can investors better manage this emerging and important source of risk? The uptake of expanding scientific understanding of physical climate risks into investment decisions and financial risk management remains limited and for many institutional investors, physical risks remain unfamiliar territory. Sound financial decision-making requires investors to mitigate against physical climate risk across portfolios. The sustainable finance community needs to facilitate and enable greater collaboration between finance, data and climate science to mitigate against the threats of physical climate risk.

  • Climate change adaptation and resilience- risk impacts and financial inclusion- managing impact at a macroeconomic level
  • Uncertainty of macro estimates of future climate change impacts- building economic resilience to manage physical climate risks
  • Scaling the integration of climate adaptation across the financial sector- building resilience for the most vulnerable communities
  • Mitigating against nature related risks
  • What strategies are available for institutional investors to adequately assess and report on the physical risks and opportunities arising from climate change?
  • Overcoming problems with data granularity – does using inadequate location data granularity, prevents capturing an accurate view of physical climate risk at asset level?

Speakers

Nicola Ranger
Dr. Nicola Ranger
Executive Director, Environmental Change Institute
Oxford Martin School, University of Oxford
Jean Banque de France

Jean Boissinot

Deputy Director of Financial Stability
Banque de France & Head of Secretariat, Network for Greening the Financial System (NGFS)
17:40 
– 18:00 CET

Sustainable Investment Dialogue | Fixed income: A crucial transition financing channel for achieving climate goals? As one of the largest sources of finance globally should bonds can play a more significant role in net zero transitioning?

Fixed income: A crucial transition financing channel for achieving climate goals? As one of the largest sources of finance globally should bonds play a more significant role in net zero transitioning?

  • Implementing sustainability in fixed income portfolios- managing risk and return objectives whilst integrating sustainability in fixed income allocations
  • Achieving desired portfolio outcomes while incorporating sustainability -understanding the risk and return characteristics of sustainable indices
  • Can investors integrate sustainability with whatever adjustments are deemed necessary at the asset allocation level to maintain the portfolio’s risk and return profile?
  • Can sustainable fixed income indices improve sustainable profiles with respect to ESG rating and carbon emissions intensity?
  • Incorporating exposures with an enhanced ESG ratings into existing fixed income portfolios to improve resiliency lower portfolio risk
  • Can fixed income ETFs help investors achieve their sustainable goals?
18:00 
– 18:10 CET

Sustainable Investment Spotlight Interview

18:10 
– 18:20 CET

Closing Keynote Interview

18:20 
– 18:30 CET

Chair’s Closing Remarks

18:30 
– 19:30 CET

Networking Drinks Reception

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