UNEP FI Regional Roundtable for Sustainable Finance in Africa and Middle East

Johannesburg, South Africa
November 2017


UNEP FI is establishing Regional Roundtables to provide an opportunity for members and actors in the sustainable finance community to come together locally to discuss the latest trends and innovations, and share good practice. 2017 marks UNEP FI’s 25th anniversary, and in this landmark year, our first ever Regional Roundtables will be the focus of our celebrations.

Please browse the tentative agenda, logistics information, opportunities to partner with UNEP FI at this event through sponsorship, as well as registration details.

We are looking forward to celebrating 25 years of sustainable finance!

Please note that some of the sessions and activities at the Roundtable are not open to all participants.

UNEP FI members are welcome to join all events throughout the three days, although some training / workshops may have limited space. More information will be published soon.

Tentative Agenda

13:30 – 16:00Technical Workshop: Advancing environmental risk Management
UNEP FI project to integrate natural resource risks in credit assessments and valuations. Outputs will include a database of natural capital dependencies by sector and identifying potential risks of degrading assets to businesses that depend on them. The collaborative project with financial institutions includes a focus on South Africa. The project aims to enable financial institutions to asses where environmental degradation poses the greatest risk to their lending or investment portfolios
16:00-16:30Coffee break
16:30-18:00Technical Workshop: Banking work programme
Breakout groups for UNEP FI members
• Dashboard to assess and measure sustainability in financial institutions.
• Fit for purpose? - Review of the UNEP FI Statement of Commitment
• Work Plan Development 2018
8:30 - 9:00Registration, Coffee & Networking
9:00-9:15Welcome Remarks
9:15-9:45Lighting Round:
Transformative stories of members journey through sustainability (4-5 stories max). The session will include narratives around tools and innovation to inclusive finance. Members can share experiences of advancing sustainable finance. Potential topics include focus on:
• Renewable energy and energy efficiency
• Water & biodiversity
• Land use (agriculture, forestry/industrialization)
• City infrastructure
• Drought risk
• Sustainable waste management
9:45-10:05Keynote: Building Sustainable finance market leadership and momentum
As financial markets begin to align with the SDGs, leaders are employing new approaches to environmental and social risk management, increasing green transactions and working towards becoming fully integrated sustainable financial institutions.
10:05-11:15Building Market Leadership in Sustainable Finance & Insurance
The role of the financial sector is becoming central to green growth in the region, with the related risks and opportunities growing and increasingly interconnected. This session will provide a high-level overview of the status of sustainable finance in the region by looking at ESG integration and innovation across sustainable banking, insurance and investment. The session is conceived to provide a space to showcase finance sector leadership, and to share their experiences of developing good practices, addressing challenges and lessons learned.
Potential scope:
• Collaborating to build momentum around market leadership on sustainable finance.
• Sustainable Investment: Stock Exchanges enabling sustainable corporate behaviour
• Reflection of green & inclusive growth in regional strategies policies and roadmaps (also includes developments regulatory innovations).
11:15-11:45Coffee Break
11.45- 13:00High-level Dialogue
Policy Enabling Environment for Market Innovations to integrate Environmental, Social and Governance Issues in Banking, Insurance and Investment
Discussion with regulators and financial actors on policy frameworks and public-private sector partnerships to integrate ESG into finance and catalyse sustainable financing. What do the multiple stakeholders need and from whom?
Potential scope:
• Enabling policies for integration in the banking, insurance and investment sector.
• Pros and cons of incentivizing/prioritizing specific sectors or policy objectives.
• Aligning the financing needs of public policy objectives and strategies of financial institutions.
• Voluntary initiatives: Green Financial Centers, National Roadmaps, National Sustainable Finance Platforms.
• Drivers of sustainable investment and green bonds market development in Africa.
• Inclusive Green Finance-SME’s and job creation.
14:00-14:20Keynote: National Sustainable Insurance Roadmaps- One year from the COP 22
14:20-15:00Discussion: Assessing, disclosing and managing climate related risks and opportunities
A global member of the TCFD project that has a regional (African/ME) representation to outline the sector’s joint response to FSB recommendations relating to resilience. Climate change – across its political, technological, physical and/or reputational dimensions – will radically change markets, sectors and industries. How can financial institutions put in place systems to help address emerging risks and thrive on opportunities?

Questions include:
• Relevance to AME?
• Potential risks to costs of capital in emerging markets?
• Insight into the implications of TCFD recommendations for reporting under GRI, integrated reporting initiatives and reporting requirements in the region.
15:00 - 15:15Keynote: Financial Stability, environmental risks and capital
• What are the emerging approaches to understanding broader natural resource risks to the economy and investment /lending portfolios?
• Addressing the challenge of quantifying the exposure of companies and economic sectors on environmental goods that are critical to resilience and growth.
• Finance Sector Supplement to the Natural Capital Protocol.
15:15 - 15:30Coffee Break
15:30 - 17:00Parallel Technical SessionsParallel Technical Session III: Risks and Resilience- BANKING focus
This session focuses on advances in integrating environmental, social and governance factors in the banking sector. Potential scope:
• Climate-related monitoring, disclosure and policies: UNEP FI Task-force for Climate-Related Financial Disclosures (TCFD) project – emerging approaches to tackle challenges such as scenario analysis.
• Drought Risk - Stress-testing and banks’ approaches to risk management in AME.
• Initiatives to advance environmental and social risk management in the region, such as the SECO-funded project.
• Guide to Banking and Sustainability: latest developments.
• Approaches to human rights in the region, as set in the UN Guiding Principles on Business and Human Rights.
Parallel Technical Session IV: Risks and Resilience- INSURANCE and INVESTMENT focus
This session focuses on both the risks and advances in integrating resilience in insurance. Potential scope:
• Climate Risk Insurance
• City Innovation Platform for African Infrastructure Risk & Resilience
• Disaster Risk Reduction.
• Inclusive Insurance
• PSI ICLEI Bonn Ambition Goal
17:00 - 18:00Parallel Technical SessionsParallel Technical Session I: Green Property Finance and Financing Energy Efficiency in Buildings in AME
Finance has been identified among the most important barriers for the adoption of green building designs. Despite that green buildings typically carry higher upfront capital/buyer costs they pause lower ongoing/operational costs. The session will draw on UNEP FI Responsible Property and Energy Efficiency work and a UNEP-UN Habitat project “Energy Efficiency in Buildings in East Africa” and provide guidance to commercial banks on the process for bringing a green construction finance product to market. It will explore a range of tools that can be applied to support finance decisions.
Parallel Technical Session II: Financing pollution abatement
Emissions of the pollutant black carbon have health impacts and contribute to climate change. A Climate and Clean Air Coalition study identifies residential and transport fuel use as significant sources of emissions mature enough to attract public and private sector financing, with sufficient performance standards to measure progress. This session will explore the role financing for pollution abatement, potential barriers to finance and how can they be overcome. What are the emerging approaches to results-based finance that can widen the distribution of cleaner (i.e., lower-black carbon) technology?
18:30-20:00UNEP FI 25th Anniversary Cocktail reception and launch of the City Innovation Platform African Infrastructure Risk & Resilience publication
8:00-8:45Coffee and networking
8:45-9:05Welcome Remarks
9:05-9:30Keynote: The Positive Impact Initiative and Principles for Positive Impact Finance
9:30-10:30Coffee Break
10.50-11:10Keynote: Financing the UN Sustainable Development Goals (SDGs) in Africa & the Middle East
11:10-12:30Open Dialogue: A new financing paradigm to achieve the SDGs in Africa
12:30-12:50Conclusions and announcements
13:40-14:00Keynote: Insurance Development Goals and Sustainable Underwriting Guidelines: building resilient cities and infrastructure
14:00-14:50Plenary: Fintech, InsurTech and Sustainable Development
Best practice examples of inclusive green finance in banking and insurance using technological innovation to close the protection and financing gaps in Africa & Middle East
14:50-15:50Panel session: Mobilizing climate finance in Africa & the Middle East
Session will give members updates on the recently concluded CoP 23 in Bonn and highlight the implications on private finance sector, scope could also include accessing Green Climate Fund and linking to Nationally Determined Contributions and national climate strategies. Emergence of Financing Facilities: what are the opportunities? What are the challenges and solutions specific to the region.

What are leading practices and initiatives in Africa & ME to mobilise private sector financing for a climate-resilient, low-carbon economy, and to offer products and services addressing financial risks and opportunities of climate change?
15:50-16:05Keynote: Responsible Investment in Africa
• Stock exchange and fiduciary duty developments
across AME
• Fiduciary duty South Africa road-map/capacity building on ESG for trustees in the region.
16:05-16:15Closing Keynote: Towards UNEA3, a focus on health, pollution and insurance
16:15-16:30Coffee Break
16.30 - 18:30Parallel SessionsParallel Technical Session: Positive Impact Workshop
The session will technical framing on how to use and apply PI principles and guidelines look at the Positive Impact on Positive Impact Products such as bonds

Workshop Lead: Careen Abb and Elisa Vacherand, PI, UNEP FI Secretariat

Potential speakers:
• UNEP FI Secretariat, PI
• Société Générale
• Other UNEP FI PI Member(s)
Parallel session: Members’ only meeting – AGM outcomes, workplan development and regional priorities for 2018 and next steps