Austrian Climate Change Workshop

Sustainable Finance - Going to Scale

Date: 31 January, 2019 
Venue: Kommunalkredit Public Consulting, 1092 Vienna, Tuerkenstrasse 9

 

KPC in cooperation with the Austrian Federal Ministry of Sustainability and Tourism has conducted the Austrian Climate Change Workshop 2019. Summary

This annually-held event aims at fostering knowledge-sharing and discussion on key climate change issues thereby contributing to low-carbon development and climate resilience on a global scale. The event is traditionally carried out in a conference-style setting with international high-level speakers from both the public and the private sector.

Sustainable Finance has become a key topic both for European policy makers and financial market players: With climate goals under the Paris Agreement and the Sustainable Development Goals as key public drivers to re-orient capital flows towards low emissions and climate-resilient development, the EU Commission has started implementation of its ambitious Action Plan through a set of legislative proposals and technical working groups.

The sessions have been structured around the following main topics:

  • Re-orienting capital flows: Setting appropriate incentives for the financial sector
  • Assessing climate-related risks and opportunities in investment and lending portfolios
  • Showcasing best practices in Sustainable Finance
  • Promoting Sustainable Finance beyond European borders

Summary
Agenda
Overview Sustainable Finance
Information on Speakers
Photo Opening, Managing director KPC, Mrs. Alexandra Amerstorfer
Photo Opening, Head of Climate Change, Austrian Ministry of Sustainability and Tourism, Mr. Helmut Hojesky
Photo Key note, Director, Luxembourg Green Exchange; former Executive Director, Eurosif Flavia Micilotta
Photo Opening, Audience


Presentations:

Key note Sustainable Finance – market overview, barriers and opportunities
Flavia Micilotta І Director, Luxembourg Green Exchange; former Executive Director, Eurosif


Re-orienting capital flows: Setting appropriate incentives for the financial sector
Given the challenges ahead, do we have the right incentives in place for financial markets to reach sustainability objectives including climate-related targets under the Paris Agreement? This session will discuss regulatory incentives as proposed by the European Commission as well as additional measures that could spur the demand for sustainable finance.

Sustainable finance: Going to scale
Martin Koch, DG FISMA – European Commission

Discussion Participiants:

  • Michaela Seelig, Austrian Ministry of Sustainability and Tourism
  • Adam Lessing, Fidelity International
  • Wolfgang Pinner, Raiffeisen Capital Management
  • Simone Nemeskal, Austrian Bankers’ Association


Assessing climate-related risks and opportunities in investment and lending portfolios

How can institutional investors as well as banks assess their exposure to climate-related risks and the implications? This session will provide an overview on current tools and instruments to gauge these risks and track alignment with targets under the Paris Agreement.

Preparing for an Inevitable Policy to Response Climate Change
Edward Baker, UN PRI

TCFD Piloting in the financial services industry 
Remco Fischer, UNEP Finance Initiative

Integration of climate risk 
Angelika Delen, Mercer Austria

Assessing climate-related risks and opportunities in investment and lending portfolios 
David Lunsford, Carbon Delta

Assessing climate-related risks and opportunities in investment and lending portfolios
Viola Lutz, ISS Climate


Showcasing best practices in Sustainable Finance

This session presented outstanding examples from the investment and banking industry that can lead to way in terms of managing and disclosure of ESG issues in long-term investment, client engagement and cooperation between the public and the private sector.

Green Pfandbrief
Bodo Winkler, Berlin Hyp AG

Best Practice in Sustainable Finance
Günther Herndlhofer, VBV Vorsorgekasse AG

The Danish Climate Investment Fund and beyond
Jacob Klingemann, Danish Climate Investment Fund

Introduction to impact based Finance
Marie Laure Bourat, Société Générale

Best Practice in Sustainable Finance
Leopold Reymaier, Kommunalkredit Austria


Promoting Sustainable Finance beyond European borders
This session shed light on the following questions: How can the current momentum in the EU be extended to other countries, continents or even globally to reach global sustainability goals? Which roles will tools such as the EU sustainability taxonomy play? Which promising initiatives are already underway or should be triggered?

Global Promotion of the Sustainable Finance
Martin Dasek, IFC – Sustainable Banking Network

Sustainable Finance – A Central Bank Perspective
Franz Partsch, OeNB – National Bank of Austria

Promoting Sustainable Finance beyond European borders
Julien Touati, Meridiam

Extending Green Bonds to New Frontiers
Jean-Jacques Barbéris, Amundi Asset Management

Sustainable Finance showcases outside EU
Wolfgang Diernhofer, Kommunalkredit Public Consulting

More than 100 persons from across Europe have enjoyed the event from authorities, financing institutions, consulting companies, research organizations, universities, think-tanks, and NGOs. KPC is proud to facilitate learning and to connect people working in order to foster climate-smart development.

For further information, please contact:
Mr. Martin Gauss
m.gauss(at)kommunalkredit.at 
+43 1 31631 224

 

Copyrights Pictures: KPC

Copyright: Evgeniya Moroz / shutterstock.com
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