Your browser does not support JavaScript!

Accelerating the transition to net-zero: public / private roles, transition plans, global and national consistency;? SME challenges…?

Day 1 Afternoon

Wednesday 13 September

Room :



Wim  Van Aken
Senior Advisor to the Chief Economist and Mission Chief in ESM post-programme surveillance in Cyprus - European Stability Mechanism (ESM)
Public Authorities
Benjamin Dartevelle
Head of Unite - Sustainable Finance and Company Law - Direction générale du Trésor, France
Richard Knox
Director, Financial Services International - HM Treasury
Ana Puente
Head of Sustainable and Digital Finance - Ministry of Economy and Digitalization, Spain
Industry Representatives
Benoit De la Chapelle Bizot
Head of Public Affairs - Groupe BPCE
Seb Henbest
Group Head of Climate Transition - HSBC Holdings plc
Pauline Lejay
Head of ESG department, Head of Sustainability - CDC Croissance
Takanori Sazaki
Senior Regional Executive for Europe, Middle East and Africa - MUFG Bank, Ltd.

Background and objectives of the session

The global shift toward a low-carbon economy to combat climate change demands private capital mobilization for sustainability. Financial activities, including decarbonization, responsible financing, and portfolio greening, are pivotal in this transition. EU regulators have implemented climate-related disclosure rules, sustainability labels, the EU taxonomy for sustainable activities, and green bonds to promote sustainable investments. However, implementation challenges persist. Globally, initiatives like the NGFS, GFANZ, and TPI primarily focus on risk mitigation.

Uncertainties and conflicts arise due to the unprecedented socio-economic transformation, including concerns about the compatibility of financial institutions’ sustainability goals with traditional financial objectives. Ensuring adequate funding for transitioning industries is vital, especially those slow to adopt renewables. Clear and consistent transition strategies, communication, and global alignment are crucial.

Small and medium-sized enterprises (SMEs) play a vital role in achieving net-zero goals but face obstacles like limited access to sustainable finance, complex regulations, and the need for new business practices. Supporting SMEs with resources and incentives enhances their resilience and involvement in the low-carbon transition.
In this dynamic context, the session’s objectives include assessing the current transition status, identifying areas for improvement, and proposing policy initiatives, particularly for SMEs, to facilitate a holistic transition and optimize the financial sector’s contribution.

Questions to be addressed.

  1. What are the priority actions necessary to address the remaining key transition challenges?
  2. What are the key reasons for the transition not being on track, and what challenges do citizens, corporations, public authorities and the financial sector face in achieving timely net-zero goals?
  3. What are the main contributions and improvements expected from the implementation of current policy initiatives, combining transparency efforts regarding economic player performance and sectoral EU policy frameworks like Fit for 55 ?