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Sustainable finance: what is expected from transition scenarios and related policy priorities?

Sustainable finance: what is expected from transition scenarios and related policy priorities?

Day 1 Morning

Wednesday 23 February

Room :

NORMANDIE (-1 floor)

Speakers

Introductory remark
Frank Elderson
Member of the Executive Board, Vice-Chair of Supervisory Board, Member of the Steering Committee - European Central Bank (ECB)
Chair
Luiz Awazu Pereira da Silva
Deputy General Manager - Bank for International Settlements (BIS)
Public Authorities
Sarah Breeden
Executive Director, UK Deposit Takers Supervision - Bank of England
Frank Elderson
Member of the Executive Board, Vice-Chair of Supervisory Board, Member of the Steering Committee - European Central Bank (ECB)
Matthieu Garnero
Director of the Finance ClimAct Project - ADEME - Agence de la Transition écologique
Industry Representatives
Eric Campos
Head of Corporate Social Responsibility - Crédit Agricole S.A.
Laurent Mignon
Chairman of the Management Board and Chief Executive Officer - Groupe BPCE
Adriana Pierelli
Managing Director Global Client Management - BNY Mellon
Katsunori Yokomaku
Deputy Regional Executive for EMEA - MUFG Bank, Ltd.

Objective of the session

Financial institutions are expected to both achieve an appropriate mitigation of their risk and measure, manage, and inform on the positive and negative contributions their financing activities have on climate disruption.

However, it is often not possible for a financial institution to focus exclusively on ecology. Many corporates require accessing to finance although just starting to engage in still fuzzy and uncertain transition routes.

Iven that various sets of transition scenarios exist, nationally and globally with specific objective, the session aims to present the main features of possible formal transition pathways, which will allow financial institutions to make granular decisions on a day-to-day basis, while being able to account for the relevance of these decisions in terms of the transition to carbon neutrality and climate risk mitigation.

Questions to be addressed

  1. What are the main challenges posed to the financial sector by the transition to a carbon neutral economy?
  2. What are the challenges posed by the definition and provision of reliable and credible transition pathways?