Events

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Corporate Alignment to the Paris Agreement: From Ambition to Action

October 25, 2021
8:00 AM - 2:00 PM
Online

Registration is free but required. Please register here.

The Conference program is below.

See panelist bios here.

In the lead up to this year’s COP 26, companies, investors, and financial institutions around the world are engaged in discussion on how to assess corporate alignment with the Paris Agreement. While many companies are making rhetorical commitments to carbon neutrality by 2050, the superficiality and inconsistency of many reporting frameworks and metrics has made it difficult for governments, investors, and other stakeholders to distinguish among and assess company commitments and disclosures. Correspondingly, it is difficult for investors to assess or disclose portfolio or product alignment with the Paris Agreement.

The Columbia Center on Sustainable Investment (CCSI) and the Columbia Climate School, with support from Iberdrola, will host a virtual, global conference focused on corporate alignment with the Paris Agreement, including discussions on:

  • Net-Zero Pledges: how prevalent, and how realistic
  • Challenges and risks of diverse carbon accounting methods
  • Internal metrics to shift corporate strategy toward decarbonization
  • Climate finance: opportunities and hurdles

Conference Program:

8:00am - 9:00am: Net-Zero Pledges

Panelists: 

Ignacio Galán, Chairman and CEO, Iberdrola

Jeffrey Sachs, Professor and Director of the Center for Sustainable Development, Columbia University

Moderator: Perrine Toledano, Head: Mining & Energy, Columbia Center on Sustainable Investment

Meeting the Paris Agreement targets requires achieving carbon neutrality no later than 2050; this will require the rapid transformation of nearly every sector, including most notably that of energy and utility companies. In this session, Jeffrey Sachs will describe the transformation that is needed to achieve the Paris Agreement commitments. Ignacio Galán will describe the steps Iberdrola has taken to embed Paris alignment in Iberdrola’s corporate purpose. CCSI’s Perrine Toledano will provide a general overview of corporate pledges, and how these pledges fall along a spectrum from declarations to meaningful plans to embedded purpose.

9:00 - 10:30 am: Challenges and Risks of Diverse Carbon Accounting Methods

Panelists:

Martin Dietrich Brauch, Senior Legal and Economics Researcher, CCSI

Barbara Davidson, Senior Analyst, Carbon Tracker

Suzanne Greene, Global Procurement Sustainability and Advocacy Leader, DOW

Samuel Keuls, Lawyer, Paulussen Advocaten

Moderator: Michael Burger, Executive Director, Sabin Center for Climate Change Law and Senior Research Scholar, Columbia Law School

While voluntary frameworks for accounting and disclosing carbon emissions are proliferating, carbon accounting methodologies are not harmonized. CDP, for instance, accepts 64 carbon accounting methodologies. Each company independently determines how to use the various frameworks and methods. Moreover, generalized reporting frameworks do not provide the specific requirements needed for accurate reporting within a specific supply chain. This panel will discuss how the lack of harmonization of carbon accounting methods could hinder companies from making progress toward Paris Agreement targets, and the various solutions and approaches that could address this challenge.

10:30am - 12:00pm: Internal Metrics to Shift Corporate Strategy Toward Decarbonization

Panelists:

Katarina Fjording, Head of Volvo Car University & Sustainability Americas, Volvo Car USA

Margaret Henry, Director Sustainable Agriculture, Pepsico

Gonzalo Saenz De Miera, Director of Climate Change, Iberdrola

Eva Musso, Head of Sustainability and Government Relations, BASF

Fleming Voetmann, Vice President, Marking Communication & Sustainability, FLSmidth

Moderator: Iliana Lazarova, Senior ESG Analyst, Pension Protection Fund

A company’s internal corporate governance, including incentive structures and metrics (e.g.: KPIs, high carbon price, pay cheques, climate change committee at boards, independence of boards) is critical toward meaningfully alignment with climate objectives. This panel will take an inward look into companies’ internal corporate governance frameworks, seeking to identify incentive structures and metrics that companies could use to fundamentally shift the strategy to be in line with the Paris Agreement. The panel will feature companies that have taken and are taking approaches to meaningfully shift their business models. 

12:30pm - 2:00pm: Climate Finance: Opportunities and Hurdles

Panelists:

Henrik Jeppesen, Head of Investor Outreach, North America, Carbon Tracker

Morgan LaManna, Senior Manager for Investor Engagements, Ceres

Salima Lamdouar, Portfolio Manager—Sustainable Fixed Income, Alliance Bernstein

Laura Segafredo, Global Head of Sustainable Research, ETF and Index Investments, BlackRock

Aniket Shah, Managing Director and Global Head of Environmental, Social and Governance (ESG) and Sustainable Research, Jefferies Group LLC

Moderator: Clare Hierons, Senior Programme Manager Finance & Capital Market Transformation, Laudes Foundation

This final panel will focus on the state of climate finance, assessing hurdles and opportunities toward alignment with the objectives of the UNFCCC and the Paris Agreement. Building on previous panels, discussants will address the role of institutional investors and asset managers in aligning capital with the Paris Agreement; data and metrics used in assessing such alignment; and, where such data is lacking, how investment decisions are assessed and made. Panelists will also comment on financial products structured to achieve climate objectives and on where they see trends and future opportunities in this field. Panelists will represent diverse financial institutions and policymakers.

Co-organized by:

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With support from:

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