The 4th Climate Finance Day and the UNEP FI’s biennial Global Roundtable will take place in Paris from 26-28 November 2018 with a theme of “Financing Sustainable Development Goals and the Climate Agenda: Innovation and Impact”. UNEP FI and Finance for Tomorrow are partnering and co-organising their two flagship events, which together will become the major global Rendez-vous in 2018 dedicated to mobilizing the financial sector to deliver a sustainable finance system.
Three years after the Paris Agreement and the UN SDGs were adopted, sustainable finance has reached an inflection point. Market leading financial institutions are defining how they can move beyond incremental transactions and ensure that sustainable finance penetrates their strategic decision-making. The goal of all financiers should now be to align capital allocations with sustainable development at scale. Considering risks as well as opportunities, they need to integrate climate and sustainability issues in business models to develop a strategy of ‘alignment and consistency’ In the face of global challenges, the sustainable finance community can demonstrate the ability of the financial sector to enhance economic growth, as well as environmental and social resilience, through financing of the real economy. Towards these objectives, sharing global thought leadership, best practices and know-how on integrating sustainability can help shape action across regions towards a low-carbon, sustainable, and resilient global economy.
The financial sector has a critical role to play in achieving the Paris Agreement and the UN Sustainable Development Goals. The world has breached several environmental thresholds, and we are seeing how environmental damage can have societal impacts as well. Environmental, social and governance issues are affecting the day-to-day businesses of banks, investors and insurers, in the risks that these issues present, and in the opportunities to generate positive impacts. It is in the interest of the finance industry to respond to these changes and to finance sustainable economic development. The industry has made progress in assessing and disclosing the risk presented by environmental degradation, as well as in exploring opportunities to align financing with the transition to a low-carbon, sustainable economy.
By showcasing innovative action:
The events will showcase innovative initiatives aimed at accelerating the financing of the UN Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change.
By transforming thinking and strategy to deliver positive impact:
The events will also encourage transformative thinking towards impact-based approaches. This three days-event will challenge the financial industry to step up responses to the SDGs and to the Paris Climate Agenda.
By providing a platform for the sustainable finance community:
These key agenda-settings events will bring together high-level representatives of the financial industry, regulatory authorities, corporates and civil society. The objective will be to showcase solutions, provide insight into current debates, highlight successful policies and scale up commitments. Impact and innovation will be key drivers to respond to sustainability challenges across banking, investment and insurance.
The 4th edition of Climate Finance Day will build on the steady and growing financial sector mobilization worldwide and on the political momentum following the Paris Agreement and the EU Action Plan on Sustainable Finance. The event is the waypoint to take stock of private and public actors’ commitments and major achievements on green and climate finance issues. This year, it will focus on the progress
made towards the greening of the global financial system by central banks and supervisors, as well as climate action in financial institution. The event will also highlight the next steps for climate finance development, by showcasing the development and outreach of innovative products, asset classes, and business lines in private equity and green loans.
Gathering more than 60 members and international observers, Finance for Tomorrow is the initiative launch in June 2017 with Paris EUROPLACE to make green and sustainable finance a key driving force in the development of the Paris Financial Center, in order to position it as the international point of reference on these issues. The development of green & sustainable finance should contribute to redirecting capital flows towards a low-carbon and inclusive economy, in accordance with the Paris Agreement and the UN’s Sustainable Development Objectives (SDGs).
Climate Finance Day is the annual flagship event of Finance for Tomorrow which aims to mobilise the international financial sector on the fight against climate change and to showcase innovative solutions provided both by public and private market players.
The 1st edition in 2015 at UNESCO Headquarters dedicated to the theme “shift the trillions” initiated the mobilization of the financial sector ahead of COP21. In 2016 the second CFD was held in Casablanca, just before COP22, to move forward especially in Africa. In 2017, the 3rd edition aimed at accelerating actions and commitments on the eve of the One Planet Summit held to celebrate the second anniversary of the Paris Agreement. After the success of the 3 first editions, this Paris Rendez-Vous will annually take stock of the key achievements and the most innovative solutions on green finance issues.
Ground-breaking projects and innovations that contribute to addressing SDGs challenges will be announced and launched during the GRT. A much-needed initiative that will define the role and responsibilities for the global banking industry in financing and shaping a sustainable future will be announced. Solutions for addressing biodiversity and ecosystem risks, climate-related financial disclosures projects and innovation on conservation finance will be discussed. Experts in fields such as next generation climate and environmental risk assessments and disclosure will feature, and recent developments such as Europe’s action plan for sustainable finance will be explored. Key topics will include integrating sustainability into business models, science-based targets, aligning finance with the UN Climate Change and Sustainable Development Goals, resilient cities, sustainable underwriting, natural capital, human rights, investors’ duties and policy initiatives to enable sustainable finance.
United Nations Environment Programme – Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 200 financial institutions, including banks, insurers, and investors, work with UN Environment to understand and address today’s environmental, social and governance challenges.
United Nations Environment Programme Finance Initiative (UNEP FI) Global Roundtable, held biannually, has become the key global agenda-setting event on sustainable finance, bringing together hundreds of leaders from all parts of the financial system as well as from civil society, academia, government and the United Nations. At this crucial gathering of global sustainable economy leaders, participants identify ways for the finance community to become catalysts for sustainable, climate resilient development.