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Public event

Aligning financial chains with the Paris goals – supporting the private sector in transition

Banks, asset managers, institutional investors, and companies & asset owners themselves are recognizing that successfully financing the low-greenhouse gas, climate resilient transition requires scaling-up finance and investment in those actors that will be the drivers of that transition.

The event was an opportunity to present how individual and groups of financial institutions from across the financial community are assessing the alignment of counterparties and clients with the objective of supporting of the low-carbon and climate resilient transition of the private sector.

Agenda:

  • Welcome and introduction to the initiative “Aligning Activities to Financial Chains” – Ian Cochran, Mainstreaming Climate in Financial Institutions (5 min)
  • Keynote – Helena Viñes Fiestas. Commissioner of the Spanish Financial Markets Authority, Rapporteur of the EU Platform on Sustainable Finance. (10 min)
  • EIB Announcement: Paris Alignment for Counterparts Framework – Ambroise Fayolle, EIB Vice President for Climate and Christopher Hurst, EIB Director General of the Projects Directorate (10 min) 
  • Panel discussion – How are financial institutions making the alignment of counterparties and activities a part of decision making? Why is transparency essential? What information is necessary to enable FI to support the private sector in transition? What role for “transition plans”? (45 min)
    • Eelco van der Enden, Partner, PwC Netherlands, member of the GRI Board of Directors
    • Sung-Ah Kyun, Associate – Energy, Sustainable Infrastructure Group, European Bank for Reconstruction and Development (EBRD), Representative of the Multilateral Development Banks
    • Mathilde Bord-Laurans, Head of Climate Change at the French Development Agency (AFD) – Representative of the International Development Finance Club
    • Adam Matthews, Chief Responsible Investment Officer of the Church of England Pensions Board and Chair of the Transition Pathway Initiative (TPI)
    • Irene Heemskerk (TBC), Head of the ECB’s climate change centre
  • Conclusions – Eric Usher, Head of UNEP FI (5 min)

Recording: