In addition to driving the environmental crisis, climate change poses important risks to the financial system. Misalignment of financial flows with the global climate objectives of limiting global warming to 1.5°C may result in short-, medium- and long-term financial risks for banks individually as well as threaten financial stability overall.

The first part of this webinar focusses on how the financial sector can increase its resilience to climate-related impacts. Aligning financial institutions’ strategies and actions with
the objective of reaching net-zero economies by 2050 can accelerate transition financing, minimise potential negative or disruptive impacts stemming from a disorderly transition, and contribute to maintaining future financial stability.

The second part of the webinar focusses on the prudential value of transition plans. Transition plans serve a dual purpose of fostering climate alignment and enhancing climate risk management. As transition plan requirements emerge across jurisdictions with varying scopes and objectives, the panel discussion aims to investigate what constitutes a credible, coherent and operational plan for banks.

  • Nuria Fernandez Oms, Senior Legal Expert, Ecofact
  • Tim Rawlings, Co-lead of the NGFS work on transition plans & Co-head of the Climate hub at the Bank of England
  • Vivian Yu, Co-lead of the NGFS work on transition plans & Director of the Climate Risk Hub at the Office of the Superintendent of Financial Institutions Canada
  • Charlotte Gardes-Landolfini, Climate Change, Energy and Financial Stability Expert, International Monetary Fund
  • Anuschka Hilke, Program Director Financial Institutions, Institute for Climate Economics
  • Moderator: Julie Van Eeckhout, Net-Zero Alignment Policy Analyst, UNEP Finance Initiative

Part 1: Activating alignment and mobilising transition finance

  • Activating alignment in the context of financial stability
  • The role of supervisors as enablers of the climate transition and the value of transition plans by banks
  • The links between risk management and transition finance: how prudential requirements should help

Part 2: Transition plans as part of the supervisory toolbox 

  • Transition plan requirements landscape
  • Panel discussion on (prudential) transition plans by banks.