Sustainable Investment Forum Europe 2024 Agenda

09:00 
– 09:05 CEST

Opening Remarks

09:05 
– 09:15 CEST

UNEP FI Welcome Address

Speakers

Eric Usher
Eric Usher
Head
UNEP Finance Initiative (UNEP FI)
09:15 
– 09:25 CEST

Opening Keynote

Speakers

David Atkins
David Atkin
CEO
Principles for Responsible Investment
09:25 
– 10:05 CEST

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

Mathilde Dufour

Mathilde Dufour

Head of Sustainability Research
Mirova
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
Aleksandra Palinska

Aleksandra Palinska

Executive Director
Eurosif
Adrien Perret

Adrien Perret

Executive Director
Fonds de Réserve pour les Retraites

Moderator

Jes Andrews

Jes Andrews

Head of Climate Accountability
UNEP Finance Initiative (UNEP FI)
10:05 
– 10:15 CEST

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 CEST

Sustainable Investment Dialogue | Increasing Climate Ambition, Decreasing Emissions

NZAOA’s fourth Target-Setting Protocol

 

Released on 18 April 2024, the Net-Zero Asset Owner Alliance’s fourth version of its Target-Setting Protocol lays out a pathway to reducing portfolio emissions for 89 major institutional investors. The Protocol expands asset coverage, making it the most comprehensive target-setting guidance from a voluntary initiative to date. It demonstrates that the Alliance’s 89 members remain firmly committed to achieving net zero for all greenhouse gas emissions by 2050 and aligning with 1.5°C pathways, with no or limited overshoot.

 

Speakers

Udo Riese

Udo Riese

Head of Sustainable Finance
Allianz Investment Management
Jean Francois Coppenolle

Jean Francois Coppenolle

Director of Climate & ESG Investments
Abeille Assurances Group
10:30 
– 10:40 CEST

Keynote Interview

Speakers

Jean-Baptiste Tricott

Jean-Baptiste Tricot

Chief Investment Officer
AXA group, Member of the Steering Committee, NZAO Alliance
10:40 
– 10:50 CEST

Keynote Interview

Speakers

Morten Nilsson
Morten Nilsson
CEO
Brightwell (formerly BT Pension Scheme Management)
10:50 
– 11:30 CEST

Morning Break

10:50 
– 11:05 CEST

Keynote

Speakers

IMG_5627
Rt Hon Chris Skidmore OBE
Former UK Energy Minister
11:30 
– 11:50 CEST

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

James Vacarro

James Vacarro

Chief Catalyst
Climate Safe Lending Network
Davide Forcella

Davide Forcella

Director
JuST Institute
Craig Churchill

Craig Churchill

Chief of the Social Finance Programme
International Labour Organisation (ILO)

Moderator

Joana Pedro

Joana Pedro

Social Lead
UNEP Finance Initiative (UNEP FI)
12:00 
– 12:40 CEST

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?
  • Benefits of a whole economy approach- connecting top down and bottom up
  • The need for national transition plans.
  • Meeting net zero commitments through collective engagement and collaboration- ensuring the necessary economic and societal adjustments are made for a just transition.

Speakers

Sacha Sadan

Sacha Sadan

Director of ESG
FCA (Financial Conduct Authority UK)
Olga Hancock

Olga Hancock

Head of Responsible Investment
Church Commissioners for England
Matt Holmes

Matt Holmes

Group Head, Political & Government Affairs
Zurich Insurance Group
Photo : Caroline Martin ©

Elina Roine

Department Director
European Investment Bank (EIB)

Moderator

Conor Ritchie

Conor Ritchie

Head of Net Zero Initiatives and Collaboration
PRI
12:40 
– 12:55 CEST

Sustainable Investment Spotlight

The Network for Greening the Financial System (NGFS): Sustainable and Responsible Investment in central banks’ portfolio management – practices and recommendations

The Network for Greening the Financial System (NGFS) encourages central banks and supervisors across the globe to lead by example and include sustainability considerations in their portfolio management, without prejudice to their primary mandates. The soon to be published report on Sustainable and Responsible Investment in central banks’ portfolio management – Practices and Recommendations is aimed at central banks that wish to adopt Sustainable and Responsible Investment (SRI) practices.

  • Investment approaches which employ SRI principles and ESG considerations
  • Examining potential SRI approaches and ways to implement them- allowing central banks to account for their own specific challenges

Speakers

Rianne Luijendijk

Rianne Luijendijk

Team Lead Responsible Investing
De Nederlandsche Bank (The Netherlands’ Central Bank)
Enrico Bernardini

Enrico Bernardini

Deputy Head, Climate and Sustainability Hub
Banca d'Italia (The Bank of Italy)

Moderator

Rik

Rik Teeuwen

Head of Benelux & acting Head of Africa, Responsible Investment Ecosystems
PRI
12:55 
– 13:35 CEST

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 from planning to practice: Current state of play with transition planning and transition finance in Europe

  • How the GFANZ four financing strategies can provide a starting point for banks to report their transition finance efforts.
  • Banks though a key enabler in the net‐zero transition should not be the sole active player – examining how the success of these efforts is dependent on supportive government policies and proactive decarbonisation by real economy companies
  • Challenges posed for both investors and banks when transitioning to net zero
  • Scaling transition finance- examining how 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 need to build the internal capabilities that will help them engage effectively?
  • What metrics are required to encourage transition finance?
  • 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
  • How transition planning and transition finance in Europe fits within the CSDR frameworks and CSDDD

 

Speakers

Heather Buchanan

Heather Buchanan

Chief Executive Officer
Bankers for Net Zero
Francis Malige Headshot

Francis Malige

Managing Director, Head of Financial Institutions
EBRD
Danielle Brassel

Danielle Brassel

Head of Responsible Investment
Zurich Insurance Group
Daniel Bouzas

Daniel Bouzas

Regional Coordinator for Europe, United Nations Environment Programme Finance Initiative (UNEP FI),
UNEP Finance Initiative (UNEP FI)
Anja Ludzuweit

Anja Ludzuweit

Climate Policy Lead, ESG & Climate Research Solutions
MSCI

Moderator

Claire Elsdon

Claire Elsdon

Global Director for Capital Markets
CDP
13:35 
– 14:25 CEST

Networking Lunch

14:25 
– 14:35 CEST

ESG Spotlight: Contrasting sustainable trends in private versus public sectors

Speakers

thumbnail_img-20240219-wa0000_720
Sylvain Forté
CEO & Co-Founder
SESAMm
14:35 
– 15:15 CEST

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

Robin Millington

Robin Millington

CEO
Planet Tracker
Nathalie Borgeaud

Nathalie Borgeaud

Lead Financial Markets Engagement
Taskforce for Nature-related Financial Disclosures (TNFD)
Marion Maloney

Marion Maloney

Strategic Investment Manager Pension Fund Management Team
Environment Agency Pension Fund in England & Wales
Kerry King

Kerry King

Director of Capital Markets
Accounting for Sustainability (A4S)
Harold Pauwels
Director of Standards
Global Reporting Institute

Moderator

Romie Goedicke
Romie Goedicke
Associate Nature Lead
UNEP Finance Initiative (UNEP FI)
15:15 
– 15:30 CEST

Financing Solutions to the Climate Transition

Climate change represents an unprecedented challenge, but it also presents an immense economic opportunity. Unlocking this potential requires a systemic approach that goes beyond supporting individual technology solutions. It necessitates market innovation to create the enabling conditions for climate solutions to scale. Climate-KIC, Europe’s largest climate innovation initiative, is at the forefront of this transformation. Over the past decade, Climate-KIC has built an ecosystem of over 400 partners spanning government, industry, finance, academia, and society. By working closely with these stakeholders, Climate-KIC identifies innovation needs, aggregates demand, and develops new financing models to generate a pipeline of demand-led investment opportunities that are matched against real market need.

Speakers

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Mark Robinson
Finance Innovation Orchestrator
EIT Climate-KIC
15:30 
– 15:50 CEST

Dialogue Session

Blending and adapting finance solutions to support a just climate transition in emerging and developing economies

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. To what extent is the mobilisation of private capital and investment required to scale solutions globally?

• Why financial inclusion is critical for climate resilience
• MDB reform- should MDBs focus more on creating portfolios of sustainable finance assets to offer private investment opportunities at scale?
• Loss and damage fund: an update on commitments made at COP 28 and anticipated developments for COP 29/30
• A just energy transition- Scaling Up to Phase Down approach recognises that only by scaling up to provide affordable and resilient clean energy will it be politically and financially feasible to phase down coal-fired power
• The role of carbon markets in scaling solutions
• Unlocking private finance for nature based solutions

 

Speakers

Sagarika Chatterjee

Sagarika Chatterjee

Department Director, Climate Finance
UN Climate Champions, Race to Zero
Photo - fond bleu - visage

Louise Kessler, PhD

Economy Programme Director
I4CE
15:50 
– 16:30 CEST

Afternoon Break

16:30 
– 16:40 CEST

Keynote

Speakers

Helena Viñes Fiestas

Helena Viñes Fiestas

Chair
EU Platform for Sustainable Finance and Commissioner, Spanish Financial Markets Authority
16:40 
– 17:20 CEST

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?

Speakers

Ulf Erlandsson

Ulf Erlandsson

CEO & Founder
Anthropocene Fixed Income Institute (AFII)
Sonia
Soňa Stadtelmeyer-Petrů
Global Head of Sustainable Investing Client Solutions
J.P. Morgan Asset Management
Magali Van Coppenolle
Global Head of Policy
Climate Bonds Initiative
Bertrand Rocher

Bertrand Rocher

Co-Head of Fixed Income
Mirova

Moderator

Marcus Svedberg
Marcus Svedberg
Chief Economist
Folksam
17:20 
– 18:00 CEST

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
Photo - Jennifer Wu
Jennifer Wu
Global Head of Sustainable Investing
J.P. Morgan Asset Management
Jean Boissinot

Jean Boissinot

Deputy Director of Financial Stability
Banque de France & Head of Secretariat, Network for Greening the Financial System (NGFS)
David Carlin

David Carlin

Head of Risk
UNEP Finance Initiative (UNEP FI)

Moderator

Sudeshna
Sudeshna Raychaudhuri
Senior Specialist, Climate Adaptation & Resilience
Principles for Responsible Investment
18:00 
– 18:10 CEST

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)
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Carl-Friedrich Schleussner
Research Group Leader of the Integrated Climate Impacts (ICI) Group
International Institute for Applied System Analysis (IIASA)
18:10 
– 18:15 CEST

Chair’s Closing Remarks

18:20 
– 19:20 CEST

Networking Drinks Reception

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