FOR A SUSTAINABLE FINANCE
Finance for Tomorrow is an initiative led by Paris EUROPLACE and the actors of the Paris Financial Center to promote sustainable finance in France and internationally. This contributes to a shift in financial flows towards a low carbon and inclusive economy, in line with the Paris Agreement and the Sustainable Development Goals.
FOR A SUSTAINABLE FINANCE
Chairman, Paris EUROPLACE & Chairman of the Board, ENGIE
«In this new international context, marked by the withdrawal of the United States from the Paris Agreement and by an increased involvement of Europe and new driving forces – China and India – in favour of the fight against global warming, it is today, more than ever, essential to increase the contribution of the global financial industry to these issues and to consolidate and promote the position of the Paris Financial Center as a world leader in green and sustainable finance.»
Chairman, Finance for Tomorrow & CEO, Mirova
«Over the past several years, the Paris Financial Center has experienced the development of multiple initiatives in the field of green and sustainable finance. The close relationship between market players and public authorities has largely contributed to this vibrancy. The current window of opportunity is exceptional to make finance evolve and serve better the economic, social and environmental needs of our societies. Therefore, today, we want to turn these promising signals into a strong, stable and organised ecosystem, oriented towards international cooperation. A finance for tomorrow»
Arnaud de Bresson
CEO, Paris EUROPLACE
«Paris is a committed and competent Financial Center, ready to take on the challenges of a sustainable future combining long-term investment and inclusion of environmental and social issues. This commitment corresponds to strong beliefs, a long-standing experience and skills recognised at international level.
As the international landscape restructures, Paris EUROPLACE intends to accelerate the contribution of industrial and financial players, with concrete initiatives with regards investment, research, innovation and promotion of the green and sustainable finance, at French and international level.»
Finance for Tomorrow is the result of an important preparatory work carried out with the actors of the Paris Financial Center. In-depth interviews with each of them made it possible to establish a complete inventory, to identify the assets of the financial center and to define avenues of improvement, via 15 recommendations gathered in a report directed by Philippe Zaouati.
THE PLACE OF PARIS
The quality of its products
and its Expertise in
green and sustainable finance
And public-private co-construction,
which is the source of the French ecosystem dynamism
in Green and sustainable finance
ORGANIZING THE EUROPEAN
AND INTERNATIONAL REACH
of Paris as a green
and sustainable financial center
9 CONCRETE AND AMBITIOUS WORKING GROUPS
The 15 recommendations were used as a basis for 9 working groups in which Finance for Tomorrow members participate:
Permanent Policy Commission
To help develop a favorable market framework for the green and sustainable finance's development.
Communication & Promotion
To promote the Paris Financial Center as the Green Place and develop international collaborations.
Supporting the Sustainable Finance research sector to strengthen the innovative capacity of the Paris Financial Center.
Education & Formation
To develop the Sustainable Finance's formation offer for students and professionals.
FinTech for Green
Directing the technological information of the financial sector toward the sustainable development's objectives.
New Financial Tools
Promoting innovative financial activities and developping the Place funding projects.
Climate risks & Methodology
Highlighting the French expertise and leadership acquired on climate thanks to the Article 173 of the Energy Transition Act and bring out French actors with strong potential at the international level.
Sustainable, Green & Social bonds
Developing a network of actors in the sector to promote the development of the green and sustainable bond market.
Financial Impact & Natural capital
To grow a network of players of these sectors in order to promote the development of the market and enhance the expertise of the Paris center.
One of the main assets of the Paris Financial Center is its dynamic ecosystem which includes a unique and complete value chain bringing together public and private actors. The French pioneer regulation on reporting and the creation of public labels guaranteeing the quality of products have also contributed greatly to the development of the responsible investment and green bonds markets, on which, France today’s hold a leading position.
A GROWING MARKET
Finance for Tomorrow was created at the initiative of Paris EUROPLACE and the players of the Paris Financial Center to coordinate this rapid and massive mobilization of the financial sector, following the commitments and actions initiated by the public authorities.
The initiative brings together private, public and institutional players wishing to commit themselves to a finance that is based on a sustainable future and combines long-term investment and environmental and social challenges.
The collective dynamics of Finance for Tomorrow is structured with a governance composed of two bodies and a president re-elected each year.
CEO of Mirova
It defines the roadmap
and objectives and monitors the budget
all the members
Meets 3 to 4 times a year
to inform the members
on ongoing actions and
to discuss the priorities