Climate change is an increasingly prominent issue on the agenda of institutional investors and banks. In March 2015, over 266 investors with over $20 trillion in assets under management (AUM) had implemented some form of climate change strategy. Banks in turn are increasingly looking for financing opportunities associated with the green economy.
There are two key drivers putting climate change as an issue on the agenda of financial institutions. First, financial institutions appear to increasingly respond to the broader societal challenge to realize the transition to a low-carbon economy. Second, there is growing awareness of the potential associated financial risks, especially those resulting from being high-carbon as the economy transitions to a low-carbon world. From a financial institutions perspective, both drivers require metrics and models to measure the appropriate response to these objectives.
This conference presents the global state of the art of climate performance metrics and risk models for financial institutions. The conference will involve interventions from over 30 leading organisations including Moody’s, S&P, FTSE, MSCI, Solactive, Mercer, Accenture, Kepler-Cheuvreux, Mirova, Credit Agricole, Carbon Tracker Initiative, Asset Owner Disclosure Project, Council on Economic Policies, Global Footprint Network, New Climate, CO Firm, Ecofys, Beyond Ratings, UNEP-Fi, WRI, IIGCC.
The conference will explore climate performance metrics for physical and financial assets, as well as financial portfolios, with a roundtable focused on low-carbon indices. The afternoon session will focus on risk metrics, in the context of transition to a low-carbon economy, for physical assets, financial assets, and financial portfolios.
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More than ever, swift action to fundamentally transform national energy systems and scale-up investments in renewable energy is essential. A new global climate agreement, to be concluded in Paris in 2015, will mark the start of a fundamental transition in the energy sector. The wind energy industry understands the scale of this opportunity and is ready to engage with all parties to go all-in and power global solutions.
CDP, UN Global Compact, World Resources Institute and WWF launched the Science Based Target initiative to develop a new methodology that helps companies set science-based emission-reduction targets based on the IPCC decarbonization pathway, to keep global temperature rise below 2 °C. They ask “How much do climate scientists and the IPCC recommend reducing emissions in order to avoid the worst impacts of climate change, and how can we meet that challenge?"
On the occasion of the Paris Climate Week, Solvay and Universcience host a private reception to celebrate the arrival of Solar Impulse 1 at the Cité des sciences et de l'industrie in Paris, the first science center in Europe which attracts more than three million visitors per year.
Cost: Free but registration is compulsory and within the limits of available seats. Access will be granted on the basis of a confirmation post-registration. Invitations will be sent shortly.
Event Type: Conference/Summit, Panel/Roundtable
Event Topic(s): Environment, Government, Finance, Business