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Will tackling climate risk still be a major priority post Covid-19 crisis?

Day 1 Afternoon

Wednesday 09 September

Room :



José Manuel Campa
Chairperson, European Banking Authority (EBA)
Public Authorities
Willem Evers
Head of Department, Supervisory Policy Division, De Nederlandsche Bank
Sylvie Goulard
Second Deputy Governor, Banque de France
Industry Representatives
Burkhard Eckes
EMEA Banking & Capital Markets Leader, PricewaterhouseCoopers GmbH
Bernhard Langer
Chief Investment Officer, Invesco
Keiichiro Nakamura
Chief Executive Officer, SMBCE, Managing Executive Officer, Head of EMEA Division, SMBC & SMFG, Sumitomo Mitsui Banking Corporation Europe (SMBCE)

Objectives of the session

The Covid19 pandemic heavily impacted economies in the EU and globally. Indeed, small, medium and large enterprises will have to live with the debt inherited from the fight against the pandemic. However, the Covid19 pandemic stressed that climate related risks are only one of the concerns raised by natural resource intensive economies, while the pandemic illustrated the unbearable cost of the occurrence of these risks.

In a context where financial institutions have limited room of manoeuvre, the session is dedicated to discussing whether existing risk mitigation initiatives in particular in the financial sector, are adequate and whether they should be adjusted with reviewed sustainability priorities and improved risk assessment tools.

Points of discussion

What are the key initiatives underway for appropriately and timely mitigating ESG challenges and more specifically climate risks?

Should we adapt the sustainability policy priorities notably in the financial area, beyond climate related risks?