Agenda

Tentative Agenda

08:00-10:30Registration and Networking
08:00-09:00 Registration for UNEP FI Members Only
09:00-10:30 Registration for all participants
09:00-10:20UNEP FI Annual General Meeting (UNEP FI Members Only)
Venue: Grand Auditorium
10:30Start of the Global Roundtable
10:30-11:00Opening Ceremony & Welcome Remarks
Venue: Grand Auditorium
11:00–13:00Launch of the Banking Principles for Public Consultation
Key Announcement
Venue: Grand Auditorium

Launch of the UNEP FI consultation on the development of global Responsible Banking Principles, alongside an ambitious target-setting and accountability framework. The banking industry represented by leading UNEP FI member banks worldwide have set out to develop global Responsible Banking Principles that will define the banking industry’s role and responsibilities in aligning financing with the UN Sustainable Development Goals and Paris Agreement on Climate Change to help shape a sustainable future.
13:00-14:00Lunch
Venue: Grand Auditorium Foyer
14:00-14:20Aligning Finance with the UN Climate Change Goals
Keynote
Venue: Grand Auditorium

Insight into the financial sector’s readiness to align capital allocations to science-based targets to move from incremental to system-wide change. The Science-based Targets Initiative is exploring technical approaches and guidance for financial institutions to potentially use to guide their strategy and business towards 2-degree alignment. What are the emerging practices to develop evidence-based climate strategies? Potential topics include challenges and advances in practices across banking, insurance and investment, integrating knowledge from other fields of expertise to enhance financial resilience; accountability and transparency.
14:20-15:30A Solution for Addressing Natural Capital Risks: Advancing Environmental Risk Management
Launch and Panel Discussion
Venue: Grand Auditorium

Insights into the innovation and applications of the global natural capital risk heat maps and comprehensive framework for banks to identify and integrate natural capital risks into financial risk management across lending portfolios. This session will include insights gained by banks using the framework globally and in Colombia, Peru and South Africa.
15:30-16:00
Break
16:00-16:55
Addressing the SDG Financing Gap: The Case for A New, Impact-Based Approach
Panel Discussion
Venue: Grand Auditorium

What to do about the SDG Financing gap? Launch of UNEP FI’s Positive Impact Initiative report analyzing the scope and nature of financing needs and flows, and what is needed to close the financing gap. The paper will bring context and coherence to available data from existing research and highlight important data gaps for impact delivery. The paper will further explore the possible role of finance in delivering more capital and greater impacts. Beyond financial institutions, the report will also highlight opportunities to redefine partnerships between public and private sector, focused on delivering impacts more cost effectively and with entirely new business models.
17:00-17:30Insurance Development Goals for Cities
Fireside Chat
Venue: Grand Auditorium

The “Insurance Development Goals for Cities” launched in June aim to help realise the UN Sustainable Development Goal for Cities (SDG 11) and the New Urban Agenda, develop city-level sustainable insurance roadmaps, and convene insurance industry CEOs and city mayors as part of the “Bonn Ambition”. Dialogue with 2-3 speakers.
17:30-17:50France Roadmap (TBC)
Keynote
Venue: Grand Auditorium
17:50-18:00Closing Remarks
08:00-08:30Registration and Networking
Plenary Sessions at the Grand Auditorium
08:30-08:35Welcome
Venue: Grand Auditorium
08:35-09:00Lightning Round: Innovative Industry Approaches to Environmental and Social Challenges
PRODUCT DEVELOPMENT
Lighting Round 1: Financing for Positive Impact
SYSTEMS CHANGE
Lighting Round 2: Financing for Sustainable Land Use
INTEGRATION
Lightning Round 3: Financing for Social Inclusion
9:00-9:50INTEGRATION
Implementing the Task Force on Climate-Related Financial Disclosures Recommendations
High-Level Plenary
Venue: Grand Auditorium

Panel focused on pioneering implementation by banks, investors and insurers. Three years on from the ground-breaking UN Paris Agreement on Climate Change, UNEP FI’s banking, insurance and investment members are collaborating to pilot implementation of the Financial Stability Board’s (FSB) Task Force on Climate-Related Financial Disclosures (TCFD) recommendations to assess and disclose how their organizations are likely to be impacted by climate change and how they plan to respond.
What have these pioneering pilots of forward-looking scenario-based modelling revealed so far and what are the implications for climate change strategies, accountability and disclosure? What are the next steps to address unearthed climate-risks and opportunities linked to the transition to the low-carbon and climate-resilient economy of the future?
09:50-10:00Transition to Parallel Sessions
Parallel Sessions 1-3
10:00-11:15SYSTEMS CHANGE
Investor Duties in Key Markets/Investor Duties and Cross-Border Investment
Parallel Session 1
Venue: Grand Auditorium

UN Environment/Principles for Responsible Investment (PRI) flagship report ‘Fiduciary Duty in the 21st Century’ found that failing to consider long term investment drivers, including ESG factors, is a failure of fiduciary duty. Yet some “responsible investors” still fail to consider ESG factors as a key element of sound investment stewardship. This session will explore recent developments and next steps for an investment and regulatory environment in key markets to support the consideration of ESG factors can help enhance investment management processes and promote sustainable business practices. The panel will discuss progress and share experience across countries including France and China. Potential topics include EU Action Plan, Fiduciary Duty in China research and Belt & Road, ‘overseas’ investment practices/how reconsidering ESG integration in investor duties opens doors for international investors (both ways) e.g in China.
10:00-11:15PRODUCT DEVELOPMENT
Green Tagging and Technology to Scale Up Green, Inclusive Lending
Parallel Session 2
Venue: Salon Napoleon

Industry initiatives to identify and certify green finance activities and asset performance and align incentives to scale up financing. Potential topics include: Energy Efficiency Financial Institutions Group initiative on green tagging for preferential interest rates and risk weighting of green assets within loan portfolios; Potential applications of fintech, SMART technologies to catalyse green, inclusive finance.
10:00-11:15INTEGRATION
Technical Session on Advancing Environmental Risk Management
Parallel Session 3
Venue: TBC

This Natural Capital Finance Alliance technical session will provide training on how to use the newly launched framework for integrating natural capital risk into banking portfolios, including lessons from piloting banks and working through a case-study in teams. Potential topics include potential applications of combining big data on natural capital and credit systems.
11:15-11:45Break
Parallel Sessions 4-6
11:45-13:00INTEGRATION
De-carbonising the Buildings and Property Sector
Parallel Session 4
Venue: Grand Auditorium

Building construction and operation drive roughly one-third of global GHG emissions. Despite huge additions to the global building stock expected in the coming decades, the sector offers the largest cost-effective GHG mitigation potential, with net cost savings and economic gains possible by implementing existing technologies, policies and building designs. To help reach this potential, the Global Alliance for Buildings and Construction (GABC) was initiated following COP21 to improve coordination between government, property business & finance, and civil society/research/NGOs to deliver these carbon reductions. This session will present findings from the GABC’s latest annual Global Status Report which showcases innovation and measure the gap between present trends and emission reductions required; provides guidance to government on incorporating building sector plans to Nationally Determined Contributions (NDCs); and promotes industry-led initiatives in areas such as science-based targets and near-zero energy buildings. The session discuss coordination needed between business and government to drive carbon reductions through the sector.
11:45-13:00SYSTEM CHANGE
The Human Rights - Environment Nexus in Finance
Parallel Session 5: Dialogue
Venue: Salon Napoleon

The maturity of financial institutions in applying human rights due diligence, and tackling climate and biodiversity issues in their business is ever growing – stimulated by global standards such the UN Guiding Principles on Business and Human Rights, the Paris Agreement and the Natural Capital Finance Alliance. The ‘human rights’ and ‘green’ tracks are however often evolving in parallel, leading to human rights risks attached to green finance but also missed opportunities to achieve climate and biodiversity targets. This session will explore the role of a rights-based approach as a guarantee of, and support for, legitimate and effective climate and conversation finance. It will specifically look at the case of environmental defenders, many of which come from indigenous and local communities, as the test of the rights-based approach in climate and conservation finance.
11:45-13:00PRODUCT DEVELOPMENT
Conservation Finance – Insurance and Resilience Through Ecosystem-Based Adaptation to Climate Change
Parallel Session 6
Venue: TBC

Advances in conservation finance to protect life below water (SDG14) and life on land (SDG15) and enhance resilience through ecosystem-based adaptation to climate change. Potential topics include Resilience Bonds and insurance and investment for coral reef protection and sustainable coastal fisheries. Exploring applications of investment blueprints to created models for investable conservation projects. How could the insurance industry contribute to replicating and scaling up conservation finance through de-risking and investing?
13.00-14:00Lunch
Parallel Session 7-9
14:00-15:15INTEGRATION
ESG in Underwriting Guidance in Development
Parallel Session 7
Venue: Grand Auditorium

Insights into emerging global guidance on sustainable insurance underwriting across lines of business and industry sectors to better manage environmental, social and governance risks in core insurance business strategies and operations, and to support global policy frameworks such as the UN Sustainable Development Goals, the Paris Agreement on Climate Change, the Sendai Framework for Disaster Risk Reduction and the UN Guiding Principles on Business and Human Rights.
14:00-15:15PRODUCT DEVELOMENT
Agriculture and Forestry/Sustainable Land Use
Parallel Session 8
Venue: Salon Napoleon

• Removing Deforestation from commodity supply chains: Developing financing models
• As part of a larger project with UNDP, IFC, WWF and others, this UNEP FI project looks at approaches to remove deforestation from agricultural commodity supply chains (beef, palm oil, soy) in Indonesia, Liberia, Brazil and Paraguay. A Transaction component will explore the
• implications and roles for the finance sector.
• Formulating business and investment models for REDD+finance. Series of projects to identify and formulate business models to reduce deforestation, investment models to support country REDD+ (reduce emissions from deforestation and forest degradation) strategy in Africa, Latin America and Asia.
Topics include the Tropical Landscape Finance Facility and Partnership for Forest Protection and Sustainable Agriculture.
14:00-15:15PRODUCT DEVELOPMENT
Mainstreaming Impact Analysis in Decision-Making
Parallel Session 9
Venue: TBC

Practice-sharing about frameworks and tools financial institutions use to analyze impacts in the context of mainstream capital markets and products. Practitioners will discuss their approaches to analyzing both positive and negative impacts of underlying assets for a range of financial instruments, products and services. A technical session of the Positive Impact initiative.
15:15-15:45Break
Plenary Sessions at the Grand Auditorium
15:45-16:00PRODUCT DEVELOPMENT
Fintech for sustainable development (TBC)
Keynote
Venue: Grand Auditorium

Launch of Sustainable Digital Finance Alliance Report
16:00-16:35INTEGRATION
Integrating Sustainability into Banks’ Business Models
Fireside Chat
Venue: Grand Auditorium

Dashboard for banks to assess and benchmark organization-wide progress on sustainability - initial results and potential applications.
16:40-17:30SYSTEMS CHANGE
Roadmaps for Financing Sustainable Growth
High Level Plenary
Venue: Grand Auditorium

Development of National Roadmaps for Sustainable Finance and Progress on the implementation of the European Commission’s Action Plan which sets out an EU strategy for sustainable finance across banking, insurance, and investment. Proposed measures include an EU taxonomy for climate change, environmentally and socially sustainable activities; creating category of low-carbon benchmarks; clarifying institutional investors' and asset managers' duties on sustainability and to increase transparency of end-investors; incorporating climate risks into institutions' risk management policies and on the potential calibration of banks' capital requirements in the Capital Requirement Regulation and Directive to take into account climate change-related risk; and requiring asset managers and institutional investors to disclose how they consider sustainability factors in their investment decision making process. Canada, Luxembourg and France Roadmaps.
17:30-17:50SYSTEMS CHANGE
Global Roadmap for Sustainable Banking, Insurance and Investment (TBC)
Keynote
Venue: Grand Auditorium
17:50-18:00Closing Remarks
18:00-21:00Gala Dinner and Networking
Venue: La Nef
Climate Finance Day

After the success of the three editions of Climate Finance Day; in 2015 at UNESCO Headquarters to initiate the mobilization of the financial sector ahead of COP21, in 2016 in Casablanca to move forward especially with Africa just before COP22, and in 2017 to accelerate actions on the eve of the One Planet Summit held to celebrate the second anniversary of the Paris Agreement, this Paris rendez-vous will annually take stock of the key achievements and the most innovative solutions on green finance issues.

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 on 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. The event will also highlight the main issues for climate finance in Asia and especially in China. It will also showcase the development and outreach of innovative products, asset classes, and business lines in private equity and green loans.

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 solution provided both by the public and private market players.

For more information, please go to www.climatefinanceday.com
Paris GRT 2018 organisers