Working groups

Objectives :

Develop a common and transparent methodology for ESG and climate analysis and performance of companies

Objectives:

Harmonize the measurement of scope 3 and actively contribute to the development of European and international reporting standards

Objectives:

To develop innovative financial solutions to meet the massive financing needs of the ecological transition

Objectives:

To define a reference scenario for the market and clarify investors’ expectations regarding companies’ transition plans.

Objectives:

Promote new governance practices that more strongly integrate ESG and climate issues

OBJECTIVES

Contribute to the development of a market framework supporting of sustainable finance and organize access to relevant information for financial sector actors.

LEAD

 Julie Fardoux

ROAD MAP 2022

1) Strategic  monitoring to produce decryptions and analysis of current events and regulatory work in the field of green and sustainable finance, through the interventions of experts.

2) Responses to strategic consultations (ex-Task Force Europe) via ad hoc sollicitation of experts within the Policy Commission:

• Taxonomy evolutions : social taxonomy, brown taxonomy, etc.
• Standardization of ESG data, etc.

3) Workshops dedicated to the implementation of regulations

• Implementation of the Taxonomy
• Implementation of SFDR
• Follow-up of Findatex work

RETROSPECTIVE OF THE COMMISSION’S WORK

Finance for Tomorrow published two reports to decode and spread the High Level Expert Group on Sustainable Finance’s works.

Decoded 2017 HLEG report
Decoded 2018 HLEG report

The European Commission also have published a Decoding on European regulatory advances.

Read the report

OBJECTIVES

• Promote an increase of skill of the actors’s knowledge on biodiversity financing tools
• Share information on life-saving initiatives in which working group members are involved

LEAD

 Elisabeth Hipeau

ROAD MAP 2022

• Publication “Panorama of the biodiversity finance ecosystem – Update of the Biodiversity & Natural Capital – Mapping of the French Stakeholders
• Methodological work on the implementation of Decree 29-LEC (biodiversity risks, alignment with biodiversity objectives)
• Follow-up on the work of the TNFD – Test the beta version of the framework
  Information sharing on the SNDI and implementation by financial actors of policies to fight deforestation
• Information sharing on the financing tools of the biodiversity challenge (blue finance, offsetting, financing tools for nature-based solutions projects)
• Organization of a dedicated event

RETROSPECTIVE OF THE WORKING GROUP

• Mobilization of financial actors in the framework of the “National strategy to combat imported deforestation” (SNDI) and in the “Entreprises Engagées pour la Nature” (EEN) program; participation in the launch group of the Taskforce on Nature-related Financial Disclosures (TNFD).
• Organization of three events

Publications

• Biodiversity & Natural Capital – Mapping of the French Stakeholders
• Report “Mobilizing Investors to Protect Climate, Land and Biodiversity”

OBJECTIFS

Mobiliser les start-ups et entreprises porteuses de solutions digitales innovantes, pour faciliter le financement de la transition et réduire l’impact environnemental du secteur financier.

ACTIVITÉS

Challenge annuel récompensant les fintech françaises et internationales

RÉTROSPECTIVE DES TRAVAUX DU GROUPE

• Publication avec l’ADEME, publie du premier «Panorama des Fintechs durables françaises ».
• Organisation du Challenge Fintech for Tomorrow – 5 éditions

Lauréats 2018
Lauréats 2019
Lauréats 2020
Lauréats 2021
Lauréats 2021
Lauréats 2022

• Organisation du premier Sustainable Fintech Digital Bootcamp

OBJECTIVES

• Contribute to strengthening the sustainable finance training offer and relations between the academic and professional worlds in order to support the development of professionals’ skills and meet the market’s need for talent in the field of sustainable finance

LEAD

Laurent Lascols
Aurélie de Barochez
Noureddine Aïchour

ROADMAP 2022

1 – Initial training:

• Formalization of a “Finance For Tomorrow” label for masters in sustainable finance: proposal of key contents, development of training modules, establishment of relations with members for the intervention of professionals in the initial training courses, putting students in touch with members to look for internships or to learn more about the sustainable finance professions.
• Contribution to the “Climate Sup Finance” project led by The Shift Project (1) (1) https://theshiftproject.org/article/former-les-acteurs-de-leconomie-de-demain-le-shift-lance-climatsup-business/

2 – Ongoing education:

• Inventory and proposal of a catalog of existing training courses in sustainable finance on the Finance For Tomorrow website

2 -Updating of the mapping of research actors in sustainable finance

(2) http://www.sustainable-finance-researchmap.com/index.html

OBJECTIVES

Mobilizing all the players in the financial center to promote the implementation of a Just Transition, beyond the coalition, to support the emergence of methodologies, indicators and innovative financial tools

LEAD

Jean-Jacques Barberis

ROAD MAP 2022

• Presentation of the work and progress of the “Investors for a just transition” coalition once a quarter
• Publication of additional papers to illustrate and raise awareness of the issues associated with the just transition (example of a paper planned for 2022: the challenges of the ecological transition in health)
• Sharing of best practices and organization of events and webinars: methodologies related to the consideration of the just transition, studies, financial innovations, etc.

RETROSPECTIVE OF THE WORKING GROUP

• • Publication of a paper position and a video about the importance of a just transition for the Paris financial players.
    Watch the video
  • Release of a publication serie about different key concepts in respect of the Just Transition.
    #1 Integrating Workers into Investments and Financing Framework
    #2 Consumers                                                                                                          #3 Territories and local communities
  • Publication of a mapping of the just transition players
  • Launch of the first global investor engagement coalition on the just transition
    Download the press release
    Download the Responsible Engagement Pledge

OBJECTIFS

• Contribute to the emergence of the concept of impact finance beyond the traditional ESG approach and allow it to be extended to all listed and unlisted asset classes.
• Develop a shared definition and, if possible, methodologies for measuring impact so that stakeholders (investors, asset managers, companies) can use a common language
• Provide stakeholders with a toolbox to help them develop their impact measurement approach, particularly in relation to regulatory requirements (NFRD, SFDR, etc.)

Press release – launch of the work
Back to our event – impact finance

PILOTS

Xavier Ploquin
Philippe Taffin

2022 SUB-GROUPS

• Rating scale of the potential contribution of a fund to sustainable transformation, separated into three groups:
  • WG Assessment Grid-Funds
  • WG Assessment Grid-Real Assets
  • WG Assessment Grid-Banking Products
• Operationalization and Impact Measurement
• Business support and financing tools
• Resource Hub

More information on the 2022 subgroups

2021 SUB-GROUPS

• Common Definition of Impact Finance
• Measuring the intensity of impact for a portfolio of assets, particularly with regard to the SFDR regulation
• Development of recommendations to remove the obstacles to « impact finance »
• International Promotion