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Priorities for developing transition finance (taxonomy, labelling, clarity of transition policy, transition finance)

Priorities for developing transition finance (taxonomy, labelling, clarity of transition policy, transition finance)

Day 1 Afternoon

Wednesday 11 September

Room :

ROOM 2

Speakers

Chair
Christina Papaconstantinou
Deputy Governor - Bank of Greece
Public Authorities
Carla Díaz Alvarez de Toledo
Director General of the Treasury and Financial Policy - Ministry of Economy, Commerce and Business, Spain
Zoltan Kurali
Cheif Executive Officer - Government Debt Management Agency Pte. Ltd. (ÁKK)
Birgit Puck
Managing Director Securities Supervision - Austrian Financial Market Authority
Lori Wing-Heier
Director, Alaska Division of Insurance, Co-Chair, NAIC Climate and Resiliency Task Force - National Association of Insurance Commissioners (NAIC)
Industry Representatives
Naoaki Chisaka
Managing Director and EMEA Advisor to Chief Sustainability Officer / Senior Advisor to the Chief Executive Officer for EMEA - Mizuho Financial Group, Inc. / Mizuho Bank, Ltd.
Rami Feghali
Head of Risk - EMEA - CACEIS
Rami Feghali
Head of Risk - EMEA - PricewaterhouseCoopers Advisory

Objectives

The session is devoted to clarifying what has been the main objective of regulation to date in improving the sustainability of economies and why the need to focus more on the transition to sustainability has emerged. It will also highlight the main challenges facing the financial sector in particular in achieving an effective transition.

Finally, the session will delve deeper into the concept of transition finance and propose success factors for the public and private sectors to use this concept as a pragmatic approach to support an effective shift from carbon-intensive to greener activities while avoiding in particular the risk of greenwashing and mitigating technical, economic and political uncertainties, inconsistencies and level playing field issues.

Points of discussion

  • What are the main outcomes of existing sustainability tools, policies and strategies, and why is it necessary to develop transition finance? How to define Defining transition finance?
  • How to address the main risks specific to any pragmatic transition approach?