UNEP FI Regional Roundtable for Sustainable Finance in Latin America and the Caribbean

Buenos Aires, Argentina
5 - 6 September 2017

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As UNEP FI celebrates 25 years, join us at the Latin America and Caribbean Roundtable to connect with sustainable finance peers, and raise awareness of the progress made across the banking, insurance and investment industries.

Join leaders from all parts of the financial system as well as from civil society, academia, government and the United Nations as we explore issues on the horizon and spur transformation. The Roundtable will provide insight into next-generation approaches to financing, supporting a stable low-carbon economy, environment and inclusive society in the long-term.

The agenda-setting event will showcase best practices in integrating environmental, social and governance factors into financial products and services, and provide insights into how a strategic approach to sustainability can position organizations for the 2030 Agenda. Financial institutions will be able to: explore actions to mitigate risks and scale up green business lines; Enable peer-to-peer learning and knowledge sharing across our regional hub.

During the event, our network of decision makers and practitioners will cover the latest trends, tools, policies and practices to address challenges and develop opportunities for resilient growth, and celebrate 25 years of growing momentum in sustainable finance since UNEP FI was launched in Latin America in 1992, at the Rio Earth Summit. You are welcome to join us on 5 and 6 September in Buenos Aires!

Participation in the Roundtable is free of charge, but participants from across the region are expected to cover their own travel costs.

Agenda

Plenary Sessions
Venue: Salon Del Prado, Hotel Emperador
08:30 - 09:00Registration
09:00 - 09:10Opening Remarks

René Mauricio Valdés, UN Resident Coordinator, Argentina
Eric Usher, UNEP FI
Denise Hills, Itau Unibanco

09:10 - 09:30Keynote Presentation

Javier Gonzalez Fraga, President of Banco Nación Argentina

09:30 - 10:40

Task Force on Climate-related Financial Disclosures and beyond

The Paris Agreement envisions the almost complete decarbonisation of the global economy by the second half of the century, and will require that public and private financial flows are rechannelled to finance a steady but smooth transition to a climate-compatible economy.

In parallel, the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), is asking financial and non-financial corporations, as well as asset owners, to carefully assess and disclose how their organizations are likely to be impacted by climate change and how they are planning to respond.


Speakers:
Mario Sergio Vasconcelos, FEBRABAN
Eric Usher, UNEP FI
Beatriz Ocampo, Bancolombia

Moderators:
Constanza Gorleri and Felipe Hughes on behalf of ADEBA

10:40 - 11:00Networking Break
Engage with the participants over coffee and discover collaborative
ways to advance sustainable finance in your institutions.

11:00 - 12:00Market Leadership in Sustainable Finance

UNEP FI is celebrating its 25th anniversary this year, and we are taking this opportunity to recognize the leadership shown by many of our members. In 1992, a group of visionary leaders saw that transforming private finance would be key to achieving sustainable development. During the early years of UNEP FI, the sustainable finance discussion focused on large transnational financial institutions based in Europe and North America. It has been over 15 years since Latin America and the Caribbean engaged with the topic. Throughout this period several Latin American financial institutions have had some outstanding performance in the adoption of sustainable practices and can be considered market leaders.

This session will showcase some of these leaders, offering participants the opportunity to hear first-hand their experiences and motivating other organizations in the region to commit to sustainability.

Speakers:
Denise Hills, Itaú Unibanco
Mariuz Calvet, Banorte
Patricia Coimbra, Sulamerica

Moderator:
Liesel van Ast, UNEP FI

12:00 - 13:15Lunch Break
Engage with the participants over lunch and discover collaborative
ways to advance sustainable finance in your institutions.
13:15 - 14:15Keynote Presentation: Aligning Finance with Sustainable Development

We are already two years into working towards the Sustainable Development Goals that countries have committed to, to end poverty, protect the planet, and ensure prosperity for all by 2030. With population growth, mounting environmental stress and inequality, 11 years and 3 months seems like a small window. Achieving the goals globally requires US$5-7 trillion in investment each year. The finance community has an imperative to be proactive in realigning our economies to become green and inclusive. A change in mindset is called for, building on a greater understanding of risks and opportunities to a more strategic approach to aligning financial institutions with the changes required for a sustainable 21st century.

Eric Usher, Head, UNEP FI

14:15 - 15:15Environmental Resilience and the Finance Sector

The environment ultimately underpins all human activity as climate change, combined with human activities contribute to the depletion and degradation of natural resources and create environmental-related risks to economies. The effects include lowered resilience to catastrophic events, such as drought or typhoons, and the inability to maintain and grow critical parts of the economy.

Momentum is growing to understand and address environmental sources of financial risk. This plenary offers an opportunity to gain insight into the importance of environmental resilience in the finance sector from a broad selection of actors.

Speakers:
Julio Bran, Banco Hipotecario de El Salvador
Beatriz Americano, Terra Brasis Resseguros
Maria Paz Uribe, FINDETER
Santiago Lorenzo Alonso, WWF

Moderator:
Anders Nordheim, UNEP FI

15:15 - 15:35Networking Break
Engage with the participants over coffee and discover collaborative
ways to advance sustainable finance in your institutions.

15:35 - 16:35Sustainable Investment: An Overview of the Sector
in the Global and Regional Context


This session will make the connections between the finance sector’s and capital markets’ responses to developments in the Sustainable Stock Exchanges and fiduciary duty initiatives; Portfolio decarbonisation strategies in Latin America and the Caribbean, and new approaches for mobilising domestic capital markets for sustainable infrastructure through aggregation and securitization.

Speakers:
Alex Rau, Climate Wedge
Tatiana Assali, Principles for Responsible Investment (PRI)
Raquel Marques da Costa, Bradesco Asset Management
Claudio Maes, CVM Brazil

Moderator:
Diego Flaiban, Inter-American Investment Corporation (IIC)

16:35 - 17:35Sustainable finance benchmarking: How to
track progress and catalyse transformation?


This session will discuss assessment and measurement the degree of sustainability in financial institutions. It will answer questions on why is it useful and does the financial institution have all the processes in place to become sustainable?

Speakers:
Mariuz Calvet, Banorte
Raquel Marques da Costa, Bradesco Asset Management
Eric Usher, UNEP FI

Moderator
Marcos Mancini, UNEP FI / UNEP Inquiry


19:00 - 21:00UNEP FI 25th Anniversary Reception
Venue: 21st Floor, Hotel Emperador

Celebrate UNEP FI’s 25 years of changing finance and financing change that started in Latin America during Rio Earth Summit in 1992. It is also an opportunity to show appreciation to members and partners who have contributed in driving sustainable finance agenda, not only nationally and regionally but also globally.
Parallel Sessions
08:30 - 09:00Registration
09:00 - 10:30Climate Smart Agriculture

Climate change adds a layer of complexity in the way agribusiness is being dealt with acting as an additional stress factor or risk multiplier. Climate-smart agriculture will ensure the way agriculture is practiced remains compatible with man-made climate change, and secure short-and long-term resilience in the productive capacity of agricultural systems. This session will provide insights into the finance sector’s engagement with this topic.

Speakers:
Hernan Busch, Banco Galicia
Pablo Cortínez, Fundacion Vida Silvestre
Diego Arias Carballo, World Bank
Mariano Lechardoy, Ministry of Agriculture of Argentina
Thais Fontes, Rabobank

Moderator:
Jacinto Coello, UN Environment

10:30 - 11:00Networking Break
Engage with the participants over coffee and discover collaborative
ways to advance sustainable finance in your institutions.
11:00 - 12:30Implementing and Promoting the Principles of Sustainable Insurance

This session will introduce the Principles for Sustainable Insurance, discuss the motivation behind their creation, and help participants discover how insurers are implementing the Principles in the region. It will answer the question: What are the key opportunities for the insurance market regarding Environmental, Social and Governance issues?

Speakers:
Tomas Carmona, Sulamerica.
Beatriz Americano, Terra Brasis de Seguros
Rodrigo Sánchez, Agroasemex

Moderator:
Matias Gallardo, UNEP FI

12:30 - 14:00Networking Lunch
Engage with the participants over coffee and discover collaborative
ways to advance sustainable finance in your institutions.
14:00 - 15:30Green Bonds

Green bonds were created to fund projects that have positive
environmental and/or climate benefits and have evolved to become
an opportunity to invest in climate solutions through a high quality
credit fixed income product. This session aims to provide insight into a few green bonds issuance in LAC and potential market development in the region.

Speakers:
Beatriz Ocampo, Bancolombia
David Tinel, International Finance Corporation (IFC)
Daniela Baccas, BNDES

Moderator:
Tatiana Assali, Principles for Responsible Investment (PRI)

15:30 - 16:00Networking Break
Engage with the participants over coffee and discover collaborative
ways to advance sustainable finance in your institutions.
16:00 - 17:30Financing Sustainable Infrastructure: Planning, designing and structuring bankable sustainable infrastructure projects

There is compelling evidence about the sizable global infrastructure gap – both in terms of quantity and quality - that countries around the world are struggling to finance, and which could worsen to deliver each country’s goals established in their Nationally Determined Contributions (NDCs). Based on current investment flows, countries are expected to have an investment shortfall that ranges from US$39 trillion to US$51 trillion for the next 15 years. For the Latin America and the Caribbean (LAC) region, this implies an estimated incremental investment of about US$120-150 billion annually over the next several years, in addition to US$30 billion to incorporate mitigation and adaptation measures into those investments. Given fiscal constraints in the region, governments will not be able to attain their goals with just their public budgets, and private capital will need to be mobilized towards these much-needed investments. This session will explore several issues concerning such mobilization of private resources towards sustainable infrastructure, from the identification and definition of sustainable infrastructure, to planning and delivering an investment pipeline consistent with the NDC goals, to the structuring of the investments to ensure bankability and appropriate risk-adjusted returns. The session will explore the example of Argentina’s efforts to mobilize investments across several infrastructure sectors, as well as the role of a national development bank in Colombia in supporting public infrastructure financing though the private sector.

Speakers:
Esteban Perez Andrich, Ministry of Energy and Mining of Argentina
Soledad Aguilar, Ministry of Environment and Sustainable Development of Argentina
Maria Paz Uribe, FINDETER
Martin Duhart, Inter-American Investment Corporation (IIC)
Gianleo Frisari, Inter-American Development Bank (IDB)

Moderator:
Gabriel Sanchez, Inter-American Development Bank (IDB)
Parallel Sessions
08:30 - 09:00Registration
09:00 - 10:30Human Rights and Social Issues in Finance: From Global to Regional Solutions

The session will take a glimpse into regional experiences around financial institutions’ approaches to respect human rights, as set in the UN Guiding Principles on Business and Human Rights, and act on their ability to further address wider social needs, such as creating value for communities, increasing access to finance, etc. It will also be an opportunity for participants to get insights into the latest trends in the field of business and human rights as relevant to finance, such as the Corporate Human Rights Benchmark. Finally, it will serve as a platform to discuss with financial institutions on how best to adapt UNEP FI global strategy on social issues to regional needs while drawing on good practice from the region.

Speakers:
Carlos Rivas, Banco General
Constanza Gorleri, Banco Galicia
Juliana Naranjo, Suramericana SA
Maria Eugenia Sosa Taborda, Itaú Unibanco
Margaret Wachenfeld, Corporate Human Rights Benchmark (CHRB)
Sabina Timco Iacazzi, UNEP FI

Moderator
Leonardo Letelier, SITAWI Finance for Good

10:30 - 10:45Networking Break
Engage with the participants over coffee and discover collaborative
ways to advance sustainable finance in your institutions.
10:45 - 11:45Positive Impact Finance Principles Information Session

Developed by a group of banking and investor members of UNEP FI, the Positive Impact Principles are a set of guidelines to promote the development of positive impact business and finance, and thereby contribute to the achievement of sustainable development and in particular the Sustainable Development Goals (SDGs). The Principles, marking the shift to a new business paradigm and form of interaction to finance the SDGs, will be introduced to members in the region during this dedicated information session, also offering the opportunity for dialogue with participants around positive impact.

Speakers:
Maria Eugenia Sosa Taborda, Itaú Unibanco

Moderator:
Sabina Timco Iacazzi, UNEP FI

11:45 - 12:00Networking Break
Engage with the participants over coffee and discover collaborative
ways to advance sustainable finance in your institutions.
12:00 - 13:00The Corporate Human Rights Benchmark: Regional Consultation

The Corporate Human Rights Benchmark (CHRB) is a unique
collaboration led by investors and civil society organisations
dedicated to creating the first open and public benchmark of
corporate human rights performance.

This consultation in Buenos Aires is part of a series of consultations
that CHRB is convening across the world to seek feedback from
stakeholders – business, civil society and government – on the
CHRB methodology, process and data presentation to date.
This consultation seeks to recognize and leverage on the unique
ability of financial institutions from Latin American and Caribbean
region to drive respect for human rights in finance.

Session Lead:
Margaret Wachenfeld, Corporate Human RIghts Benchmark (CHRB)

13:00 - 14:00Networking Lunch
Engage with the participants over coffee and discover collaborative
ways to advance sustainable finance in your institutions.
14:00 - 15:30Green Buildings

A ‘green’ building is a building that, in its design, construction or operation, reduces or eliminates negative impacts, and can create positive impacts, on our climate and natural environment. Green buildings preserve precious natural resources and improve our quality of life.

This session addresses green and sustainable buildings issues and the opportunities for the finance sector.

Speakers:
Carlos Grinberg, Green Building Council Argentina
Mauricio Torres, Banco Pichincha
Javier Vásquez, Edge Expert
Pablo Kirchheimer, Kir Construcciones

Moderator
Annie Parseghian, International Finance Corporation (IFC)

15:30 - 16:00Networking Break
Engage with the participants over coffee and discover collaborative
ways to advance sustainable finance in your institutions.
16:00 - 17:30Catalyzing Energy Efficiency Investment to
Support Sustainable Development


With more than USD 221 billion of new energy efficiency investment occurring globally, it plays a crucial role in driving sustainable development particularly in Latin America, and will be a key focus of the upcoming Argentinean G20 presidency. With insights and support from 122 banks globally, the recently launched G20 Energy Efficiency Investment Toolkit provides guidance on how countries can increase the flow of capital into improving energy efficiency. The session will bring together policymakers and private finance actors to discuss best practice.

Speakers:
Benoit Lebot, IPPEC
Alexandre Esposito, BNDES
Angel O'Dogherty, FIRA
Marco Bergel, Ministry of Energy and Mines of Argentina

Moderator:
Omar Villacorta, Inter-American Development Bank (IDB)

Launch & Workshop
09:00 - 12:00
Launch of the New Guide to Banking and Sustainability
Venue: ADEBA, Tte. Gral. Juan Domingo Perón 564, piso 7, Buenos Aires

UNEP FI launches its new Guide to Banking and Sustainability, providing practitioners’ advice on how to integrate sustainability in departments across a bank, and presents and seeks feedback on a draft version of a new dashboard-style framework for assessing and benchmarking a bank’s level of sustainability. The workshop will be interactive and hands-on, providing participants with learning and peer exchange opportunities in group discussions and gathering feedback that will influence further framework development.
14:00 - 18:00
Environmental and Social Risk Analysis Training Workshop
Venue: ABA, San Martín 229, piso 13, Buenos Aires

In a world economy increasingly sensitive to environmental and social pressures and a financial sector still responding to crisis and facing increasing regulatory demands, understanding how to manage non-traditional risk such as environmental and social issues is set to become part of the regular business scene.

The Environmental & Social Risk Analysis (ESRA) Training Programme has been developed to offer lending practitioners across the globe with a comprehensive set of tools on how to establish and implement effective environmental and social risk management systems within their banks.

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