The World Benchmarking Alliance & Columbia Climate Law and Finance Initiative (CLFI) hosted a hybrid event on the sidelines of Climate Week NYC. The event titled ‘Decarbonising the real economy: what does this mean for financial institutions?’ discussed the critical elements that must be implemented to decarbonise the real economy. The finance sector has a key role to play in ensuring that we are not simply decarbonising portfolios by investing in already green activities but that financial institutions are supporting the transition plans of their counterparties. During this event we connected the dots between the transition plans of companies, financial institutions, and countries to ensure the acceleration of decarbonising activities. Using CCSI’s report on “Finance For Zero: Redefining Financial-Sector Action to Achieve Global Climate Goals,” the learnings from ACT Initiative’s Finance sector method road-test, WBA’s Financial Systems Benchmark assessing 400 financial institutions, and the European Finance Climact project, we presented key opportunities and learnings. Additionally, we facilitated discussions with experts to underpin actions that should be implemented by different key stakeholders to support financial institutions as they contribute to the decarbonization of the real economy and support a transition aligned with Paris Agreement goals.
Speakers:
- Perrine Toledano, Director of Research and Policy, CCSI
- Karina A. Litvack, Non-executive Board Director, Terna; Founding Chairman of the Climate Governance Initiative
- Anatole Metais-Grollier, ACT Finance Project Manager, ADEME | ACT Initiative
- Romane Delevoie, Sustainable Finance Analyst, Research and Foresight Unit at ADEME (EU Finance Climact Project)
- Fabio Alperowitch, CFA, FAMA Investimentos
- Moderator: Romain Poivet, Climate Engagement Lead, World Benchmarking Alliance
