Major economies are now striving to meet the objectives enshrined in the Paris Agreement, limiting the global temperature increase this century to lower than 2°C above pre-industrial levels by cutting carbon emissions. Capital markets play a critical role in this climate transition process by ensuring the efficient flow of financing from investors to issuers who want to change their businesses to address climate change risks.
To support the growth of the market for climate transition finance, the community behind the Green Bond Principles, Social Bond Principles and Sustainability Linked Bond Principles has developed clear guidelines on the disclosures that should be made by issuers on their climate change strategy when raising funds in debt capital markets.
The new Climate Transition Finance Handbook was published on 9 December. The coordinators of the international industry working group of more than 80 capital market stakeholders including banks, issuers, investors and NGOs, who drafted the guidance, presented the recommendations and discussed their practical applications at this virtual event.
Nicholas Pfaff, Secretary to the GBP & SBP, Managing Director, ICMA
Martin Scheck, Chief Executive, ICMA
Denise Odaro, Chair of the GBP & SBP Executive Committee; Head, Investor Relations, International Finance Corporation (IFC)
||Presentation of the Climate Transition Finance Handbook
Farnam Bidgoli, Head of Sustainable Bonds, EMEA, HSBC Bank
Paul O'Connor, Executive Director, Head of EMEA ESG Debt Capital Markets, J.P. Morgan
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||Dialogue with issuers and investors
Yo Takatsuki, Head of ESG Research and Active Ownership, AXA IM
Robert White, Executive Director, Green & Sustainable Financing, Natixis
Johannes Böhm, ESG analyst, Union Investment
Adam Matthews, Director Investment Team (Ethics & Engagement), The Church of England Pensions Board and Co-Chair, Transition Pathway Initiative (TPI)
Susana Meseguer, Director of Finance, Repsol
Sergio Molisani, Finance, Insurance & Tax Director, SNAM