Race-to-zero_Finance

Date: Thursday, 19 November 2020
Time: 08:00 - 15:05 GMT
Platform: Zoom

Join us on Thursday, 19 November for the Race to Zero Dialogues: Finance Day organised by the UN High Level Climate Action Champions and the UN-convened Net-Zero Asset Owner Alliance. 

The objectives of the Race to Zero Dialogues: Finance Day are to:

  1. Understand what setting net-zero targets means for the finance sector in practice
  2. Explore how to finance sector transition utilising sector pathways to net-zero
  3. Explore how to address the challenges with financing resilience
  4. Explore how to finance the race to zero in developing and emerging economies
  5. Showcase practical actions from investors and other finance sector actors

Click here to view the agenda and secure your place below.

REGISTER HERE

 

About the Race to Zero Dialogues (9-19 November)

Building a climate-neutral and resilient world remains as urgent as ever. Collaboration between governments and non-Party stakeholders (cities, subnational regions, investors, companies and civil society) will be essential to drive forward systems transformation to reach net-zero and build back better from Covid-19.

The High-Level Champions for Global Climate Action are convening the Race to Zero Dialogues to make sense of the journey to net-zero by honing in on sector transition. The Dialogues will explore the specific actions that each transformation needs to deliver on this ambition, and bring together the diverse range of activities that are already creating impact.

To view the full line up of events visit unfccc.int/rtzdialogues.

Agenda

GMTFinance Day | 19 November
08:00 Opening remarks

Christiana Figueres
, Convenor, Mission2020
08:05 Financing net-zero: where do we need to go - and how fast can we get there?
Organised by: UN-convened Net-Zero Asset Owner Alliance

Kicking off the Race to Zero finance dialogues, this session will focus on what is needed to finance a decisive decade of climate action. This session features the COP26 High-level Champion, COP26 Finance Hub, Mission2020 and UN-convened Net Zero Asset Owner Alliance. 

Nigel Topping, High Level Climate Action Champion, UNFCCC COP26
08:35 Net zero targets: what practical frameworks can banks and investors use?
Organised by: Science Based Targets initiative, WRI and Principles for Responsible Banking (PRB)

This practical session will highlight the rationale for target-setting and the new SBTi framework that asset owners, asset managers and banks can use to set net zero targets.

Moderator: Nate Aden, Senior Fellow at World Resources Institute (WRI), Science Based Targets Initiative (SBTI)
09:25 Coffee break
09:35 Sectors: how can we finance sector transition to net zero? 
Organised by: UN-convened Net Zero Asset Owner Alliance

This session will focus on sector pathways to net zero, what finance is needed for these and key priorities from a finance sector perspective.

Moderator: Meryam Omi, Head of Sustainability and Responsible Investment Strategy, LGIM and COP26 High-level Champions 
Zoe Knight, Managing Director, Group Head, HSBC Centre of Sustainable Finance, HSBC
Sona Stadtelmeyer-Petru, Global Head of Sustainable Investing, Allianz Investment Management
Sven Teske, Research Director, Institute for Sustainable Futures, University of Technology Sydney
10:05 Market mechanisms to drive transition in developing countries: South Africa
Organised by: National Business Initiative

The session will focus on green stimulus and recovery from COVID, and how market mechanisms could be used to drive transition, incorporating a just transition and equality. This session will focus on voices from South Africa.

Moderator: Joanne Yawitch, CEO, National Business Initiative
10:55  Advancing Equitable & Gender Sensitive Climate Finance for All
Organised by: The Centre for Climate Justice, Glasgow Caledonian University

This session will focus on financing transition with a focus on equitable and gender sensitive climate finance in developing countries.

Moderator: Professor Tahseen Jafry, Director, The Centre for Climate Justice, Glasgow Caledonian University
Professor Pamela Gillies, Principal and Vice Chancellor, Glasgow Caledonian University
Stephen Kansuk, Lead Focal point for Climate Change and Finance, United Nations Development Programme, Ghana Office
Gareth Phillips, Manager Climate and Environment Finance Division, African Development Bank
Mary Robinson, Chair of the Elders
Salina Sanou, Head of Programmes, Pan African Climate Justice Alliance
11:45  Financing a Resilient Future: How and Why to Close Adaptation Financing Gaps
Organised by: Zurich Flood Resilience Alliance and Principles for Sustainable Insurance (PSI)

This session will focus on financing climate change adaptation and disaster risk reduction, highlighting effective interventions and expanding existing partnerships.
12:35 Coffee break
12:40  Public-private finance: financing the Race to Zero in developing and emerging economies
Organised by: World Climate Foundation, Climate Investment Coalition

This session will bring together public and private finance actors to discuss how to finance the trillions of dollars needed for the Race to Zero in emerging markets.
13:30  Practical actions: investor collaboration to accelerate actions towards a zero carbon economy
Organised by: The Investor Agenda

This session will feature practical actions and collaboration underway by over 1,200 investors through The Investor Agenda.

Stephanie Pfeifer
, CEO, IIGCC
Mindy Lubber, CEO, CERES

Panel 1:
Moderator: Fiona Reynolds, CEO, PRI
Jon Johnsen, CEO, PKA
Thomas Kwan, CIO, Harvest Global Investments
Betty Yee, California State Controller, board of CalPERS and CalSTRS

Panel 2: 
Moderator: Paul Simpson, CEO, CDP
Fabio Alperowitch, Director, Fama Investimentos
Navneet Munot, Chief Investment Officer, SBI Mutual Fund
Deanne Stewart, CEO, Aware Super
14:20  Building Bridges: Business Schools and Finance Leaders towards Race to Zero
Organised by: Said Business School & HEC Paris

Business schools create finance and business leaders. As climate change rises up up the boardroom agenda, what changes are business schools making to build the leaders of tomorrow?
15:05 Closing remarks