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Renewed EU Sustainable Finance Strategy: is it sufficient to tackle the major environmental challeng

Day 1 Afternoon

Wednesday 08 September

Room :

Plenary Room 1

Speakers

Chair
Paulina Dejmek Hack
Director for General Affairs, DG FISMA - European Commission
Public Authorities
Natasha Cazenave
Executive Director - European Securities and Markets Authority (ESMA)
Marjan Divjak
Director-General Treasury Directorate - Ministry of Finance, Slovenia
Sirpa Pietikäinen
MEP - Committee on Economic and Monetary Affairs, European Parliament
Esther Wandel
Head of Unit, Sustainable Finance Unit - Federal Ministry of Finance, Germany
Industry Representatives
Judson Berkey
Head of External Engagement, Sustainability and Impact - UBS
Bruce Duguid
Director, Head of Stewardship, EOS - Federated Hermes – International
Keiichiro Nakamura
Chief Executive Officer, SMBC Bank International / Managing Executive Officer, Head of EMEA Divisi - SMBC Bank International (SMBCE)
Laurent Zylberberg
Director of Public, International and European Affairs - Caisse des Dépôts (CDC)

The session aims at clarifying the main stakes and challenges, which explain the need to increase the level of ambition in the EU regarding sustainable finance. It will highlight the areas where additional efforts are needed in the EU to further facilitate sustainable investments and address sustainability financial challenges, including those regarding SMEs and households. The need for defining additional ESG linked financing tools will notably be addressed.  

In addition, the session will try to identify the conditions for achieving the political and regulatory stability, needed to enable the supporting role of financial institutions in the context of an ever-accelerating transition path.  

Points of discussion

  1. What are the main stakes and challenges that the EU renewed sustainable finance strategy aims at addressing?  
  2. How are these priorities addressed by the Renewed Sustainable Finance Strategy? Is there a need to define a specific set of ESG linked financings?  
  3. How to achieve an effective political and regulatory stability for financial institutions in the context of a permanently accelerating transition path?