Paris For Tomorrow Week

With the taxonomy coming into force in 2021, the link between the growth of environmental thematic funds and the actual financing of a greener European economy is crucial.

Novethic, with the support of ADEME, will exclusively unveil the results of its in-depth analysis of the European market for green funds in terms of their compatibility with the European taxonomy.

The presentation of the study will be followed by a debate.
- Patrick Jolivet, Director of Socio-Economic Studies, ADEME
- Ladislas Smia, Head of Sustainability, Mirova
- Bernhard W. Schiessl, Director & Chief Operating Officer, CICERO
- Anne-Catherine Husson-Traore, Executive Director, Novethic

Launched a year ago, the Finance ClimAct initiative contributes to the concrete and operational implementation of French and European action plans on sustainable finance. As part of Paris for Tomorrow Week, we invite you to come and discover the first results of our actions and to engage in a dialogue on the challenges that the world of finance must take up to contribute to a low-carbon, climate-resilient economic recovery.

The project brings together 8 key players in sustainable finance in France who contribute to the development of new tools, methods and knowledge to enable :
- investors to integrate environmental objectives into their investment choices,
- to industrialists to develop investment in energy efficiency and low-carbon economy
- and financial institutions and their supervisors to integrate climate issues into their decision-making processes and to align financial flows with energy-climate objectives.

The public-private plurality of the consortium, its openness to partnerships with industrialists, financiers, NGOs and researchers has enabled the construction of an innovative and inclusive framework to address the financial challenges of the transition and the contribution to the Paris agreements in a context of climate emergency and economic recovery.

As part of this day, we will present the work carried out by the Ecological Transition Agency, the Ministry of Ecological Transition, the Autorité des marchés financiers, the Autorité de contrôle prudentiel et de résolution, 2° Investing Initiative, Institut de l'Economie pour le Climat, Finance for Tomorrow and GreenFlex. The cross-fertilization of the views of financial industry players, non-financial companies and civil society actors will illustrate the work carried out and put the project's challenges into perspective with those of actors in the field.

As the financial sector aims to mitigate its environmental risks and dependencies, it is increasingly mobilized to fund projects able to protect natural capital and biodiversity. Faced with the amplitude of ecological challenges, investing in nature-based solutions is the best way to combine fighting climate change and preserving biodiversity, as well as empowering local communities. Hopefully, the emergence of the natural capital asset class is steadily becoming possible thanks to the support of strong political will.

The digital event "Investing in Nature" organised by Finance for Tomorrow is part of an international effort for more transparency and understanding of the impacts of financing activities on Nature. The discussions will aim to share with financial professionals the most up to date information about leaders’ commitments and international objectives, such as the new framework of the UN Convention on Biological Diversity and the Taskforce on Nature Related-Financial Disclosure.

Under the theme “Solutions from the ground”, the event will be the occasion to discover concrete financing projects that are bringing innovative thinking into action. With two streams dedicated to “Forests” and “Oceans”, professionals from the Paris Financial Center and their international partners will share their lessons-learned and showcase their most impactful results.

All stakeholders interested in discovering natural capital investment projects are invited to connect to learn direclty from their peers!

Boards of Directors are responsible for responding to climate change issues strategically, assessing the risks as well as the opportunities related to the impacts of climate change on supply chains, customer and employee expectations, availability of capital from investors, insurance premiums, cost of debt. Directors have a major role to play in assessing the impact of the multiple regulatory changes that are expected to occur on the environmental front.

It is now undeniable that climate change is challenging entire business models, and that public and private investors are now attaching increasing importance to this issue, which is part of corporate sustainability.

Chapter Zero France is mobilized for the transition to Net Zero Emissions. It is a community of non-executive directors, managers and experts who wish to put the issue of the climate challenge on the agenda of boards of directors.
Chapter Zero's ambition is, through the mobilization of directors, to stimulate business action on climate action by adopting the principles of the World Economic Forum's Climate Governance Initiative.
Today, more than fifteen Chapters are active around the world and the official launch of the French chapter will take place in November this year.

This event is an opportunity to raise the profile of climate change and to introduce Chapter Zero to the green finance ecosystem. It will be presented by Monica de Virgiliis and Pierre Ducret, both directors and founders of Chapter Zero France.

This event aims to promote concrete projects that combine financial and technical expertise, easily replicable in the case of the European Green deal, and show examples of finance at the service of the real economy. In a short and dynamic webinar, the challenge is to present new financing models applied to the transition, where the partners share a common ambition of deployment across Europe ("Showcase, scalable, replicable").

Format :

1/ Introduction by Julien Touati, Partner at Meridiam and leader of the Finance for Tomorrow Europe Taskforce

2/ Round table
- Philippe RINGENBACH, CEO / Managing Director of NeotCapital
- Laurent KRAIF, Managing Director of Perfesco
- Karine MERERE, Managing Director, and Alexandre WAGNER, Investment Director of Ademe Investissement
- Julien TOUATI, Partner of Meridiam

3/ Discussion with participants

Under the auspices of “Finance for Tomorrow” this webinar is co-organized by Vital Strategies and le Centre Français des Fonds et Fondations

It will bring together health experts, foundations and the finance sector. The speakers will highlight why climate and health should be thought as one and the same challenge to reach the SDGs, what are the current foundations and financial sector engagements, discuss expectations and needs from the different perspectives and finally investigate impact measurement using the newly released Finance Tomorrow Road Map “Making a Just Transition”.
This webinar will launch the beginning of a dialogue and a series of discussion on similar topics.

Program :

Moderator : Anne Girault, Vital Strategies, President of the Association Bilan Carbone (ABC)

Session 1: Context - Climate and health: what are the challenges in achieving SDOs?
- Sylviane Ratte, Director, Vital Strategies Endowment Fund

Session 2: Foundation Commitments and Contributions

French Coalition Climate Foundations
- Jean Marc Pautras, Director, French Center for Funds and Foundations
- Max von Abendroth, Executive Director Dafn, Donors and Foundations Networks in Europe

Session 3: What are the expectations of foundations? What is the future dialogue with finance?

Introduction
- Nicolas Hazard, Founder and President, INCO

Debate
- Marie Stéphane Maradeix, General Delegate, Daniel and Nina Carasso Foundation
- Pierre Valentin, Chairman of the Executive Board, ECOFI Investments

Session 4: Measuring Impact: "For a Just Transition".
A roadmap and a framework
- Pierre-Alix BINET, Head of Programs and Development, Finance for Tomorrow

Discussion/feedback with all stakeholders
What action to take
Closing
 

This workshop starting point is the recent ILB “Alignment Cookbook” study on 2° alignment & temperature related methods with a view to address the potential next step : standardization, soft regulation, research issues, market practices etc. with a panel of international experts and representatives of initiatives such as SBT FIN, TCFD, NZAOA …

Speakers:

- Iren Levina, Head of Portfolio Alignment, COP26 Private Finance Hub
- Simon Messenger, CEO, 1Planet Advisory, and NZAOA recruitment coordinator for WWF-France
- Julie Raynaud, Green and Sustainable Finance Expert, ILB Network member
- Daisy Streatfeild, Investor Practices Programme Director, IIGCC
- Peter Tankov, Scientific Director of the « Green & Sustainable Finance » ILB research program, ENSAE Paris
- Jakob Thomae, Managing Director, 2DDI
- Chris Weber, Climate & Energy Lead Scientist,WWF

Moderation: Stéphane Voisin, Coordinator of the « Green & Sustainable Finance » ILB research program.

This workshop starting point is the recent ILB “Alignment Cookbook” study on 2° alignment & temperature related methods with a view to address the potential next step : standardization, soft regulation, research issues, market practices etc. with a panel of international experts and representatives of initiatives such as SBT FIN, TCFD, NZAOA …

Speakers:

- Iren Levina, Head of Portfolio Alignment, COP26 Private Finance Hub
- Simon Messenger, CEO, 1Planet Advisory, and NZAOA recruitment coordinator for WWF-France
- Julie Raynaud, Green and Sustainable Finance Expert, ILB Network member
- Daisy Streatfeild, Investor Practices Programme Director, IIGCC
- Peter Tankov, Scientific Director of the « Green & Sustainable Finance » ILB research program, ENSAE Paris
- Jakob Thomae, Managing Director, 2DDI
- Chris Weber, Climate & Energy Lead Scientist,WWF

Moderation: Stéphane Voisin, Coordinator of the « Green & Sustainable Finance » ILB research program.

Panel 1 - Alignment Strategy and Carbon Neutrality

The application of the Paris Agreements and the European commitment to carbon neutrality calls for a determined, progressive, and coherent response from all economic and financial players. There are today a wide variety of methodologies available to assess the extent to which the choices of a non-financial company or investment fund are in line with these major climate objectives - carbon footprints, technical indicators, temperature indicators, holistic rating methods such as ACT. Although they are not yet mature, they are already mobilized, not only in extra-financial communication but also to influence climate strategies through "dialogues" between stakeholders. How can we promote the evolution of these "alignment metrics" into reliable policy instruments able to guide corporate strategies and financial flows effectively and efficiently?

Moderator: Julie Raynaud (ILB)

Confirmed speakers: Thierry Philipponnat (Finance Watch), Romain Poivet (Ademe), Frédéric Samama (CPR AM)

Panel 2 - Risk analysis (physical and transitional), scenarios and impact measures

The goal of massive redirection of investment flows towards ecological transition requires a sound and proven analysis of the risks and opportunities associated with climate change. The financial community has thus become aware of the need to move beyond the traditional asset valuation approach and is seeking to integrate new tools such as climate scenario analyses, which are better able to take into account the high long-term uncertainties inherent in the climate factor. How is the climate factor currently integrated into the financial analysis and investment policies of companies and portfolio managers? What adaptations still need to be made?

Moderator: Bernard Descreux (EDF)

Confirmed speakers: Emilie Alberola (Eco Act), Carole Crozat (Blackrock), Mireille Martini (OECD), Sylvain Vanston (Axa)

This is precisely the challenge Finance for Tomorrow has taken up, following through on Climate Finance Day 2019, devoted to the Just Transition, and backed by an ecosystem that leads the field on green and sustainable finance.

Supporting the emergence of financial tools, methodologies and indicators, encouraging engagement policies and the development of local initiatives, promoting financial innovation: such is the practical yet ambitious roadmap established by Finance for Tomorrow and its members to put the Just Transition at the heart of their activities and support the global transition in the years ahead.

On the program:
- Opening by Anne-Claire Roux, Chief Executive Officer, Finance for Tomorrow and Jean-Jacques Barbéris, Vice President of Finance for Tomorrow, Member of the Executive Committee of Amundi

- General Introduction on Just Transition: Fiona Reynolds, CEO PRI

- Presentations from different actors
1. Marco Cilento, Trade Union Organization
2. Adrienne Horel-Pagès, La Banque Postale AM
4. Laurence Pessez, BNP Paribas

Q&A (30min)
Conclusion: David Wood / Nick Robins (10 min)
Next steps: Anne-Claire/Jean-Jacques

Sustainable finance experts from the government, standard-setter, and media sectors will discuss the question, “Raising the bar on climate disclosures: how to push for climate action?” Speakers will include Elise Calais, Deputy Director of Business at the Ministry for the Ecological Transition; Simon Messenger, Senior Advisor at SASB; Nicolas Redon, Green Finance Expert at Novethic; and Philippe Taffin, CIO of Aviva France.

Following the roundtable discussion, we will also unveil the winners of the third edition of the International Climate Reporting Awards. The Awards are organized by the French Ministry for the Ecological and Inclusive Transition (CGDD), the French Ecological Transition Agency (ADEME), 2° Investing Initiative, and supported by a standard-setters advisory board composed of SASB and GRI.

Agenda (Paris time):

- 5:00-5:05: Opening remarks

- 5:05-5:50: Roundtable discussion and Q&A featuring Elise Calais (CGDD), Simon Messenger (SASB), Nicolas Redon (Novethic), and Philippe Taffin (Aviva)

- 5:50-6:10: Announcement of the awards

- 6:10-6:15: Closing remarks by the Ministry for the Ecological and Inclusive Transition

While the world economy is experiencing an unprecedent challenging situation, the green new deal, if appropriately designed and funded, could be the post-crisis rebooting plan driving the European economy towards a low-carbon and resilient pattern.

Spearheading financial innovations for the green transition, the European financial industry should mobilize to support the implementation of the green deal and serve the needs of the real economy.

The 6th Climate Finance Day will be fully dedicated to these issues with the theme: “Sustainable Finance: How to reboot the European real economy?”.

This year’s edition will focus on the EU policies as well as local issues. It will also showcase public and private financial mechanisms and tools available or to be designed in order to meet the needs of the different sectors of the European economy.

We are closely monitoring developments related to the COVID-19 pandemic. It will be possible to physically attend the event at the Palais Brongniart, with all the restrictions and health measures in place in France and also to follow the day of conference online.

On the fringe of Climate Finance Day, come and attend this side-event where you will find the pitches of the 8 finalists of the Climate Finance Day competition (including the winner to be announced on October 29th).

You will also attend a round table discussion with the major players in the field.

Program :

10h00 : Introduction

- Maximilien Nayaradou, Chief Executive Officer, Finance Innovation
- Anne-Claire Roux, Managing Director, Finance for Tomorrow
- Ella Etienne, CEO, Green Soluce

10h20 : Pitching of the finalists of the "Climate Finance Day" contest

ClimWISE
Ecotree
Energies tomorrow
Enrhy
Finres
Helios
OnlyOne
Villyz

11h00 : Round Table

(Some speakers are in the process of being confirmed)

Co2 account
Accounting
Aveltys
OZE-Energies