The G7 Sustainable Finance Opportunity15 February 2018
This event is organised by Norton Rose Fulbright
G7 nations hold the bulk of the world’s financial assets and can lead the global investment community in making environmental and social factors a core aspect of banking, investment, and insurance . Building on the positive momentum of key G7 members like France and Italy, Canada has an opportunity to show the world how financial systems can support the transition to a sustainable economy and help to support socially and environmentally sound growth.
Under Italy’s leadership, the June 2017 G7 communiqué acknowledged “that scaling up sustainable finance is fundamental to achieve sustainability and climate goals”. The G7 under Italy’s leadership worked extensively on the sustainable finance and growth themes, engaging all major financial sector players . This included a recognition of the importance of Small and Medium Enterprises (SMEs) and encouraging public-private partnerships to support infrastructure renewal. Canada, who take over the G7 Presidency in 2018, supported the statement on sustainable finance and committed to continuing the work started by Italy.
Canada’s G7 peers including Italy, France, Germany, and the UK, as well as China, have all launched initiatives to boost flows of private capital for climate and sustainability. The larger G20 group of advanced economist has also established a ‘Green Finance Study Group’, bringing together finance ministries and central banks to work out how to scale up private capital flows to green investments . In 2018, Canadian leadership could build on work by an inspiring peer group to scale up investment into more sustainable asset classes around the world.
6:00PM – Moderator’s welcome and introduction
Sir Roger Gifford, Chairman of the Green Finance Initiative, City of London Corporation
•The evolution of sustainable finance themes at the G20, the G7, and the how the China-UK Green Finance Task Force is leading the way forward
6:15PM – Panel updates
Michael Sheren, Co-Chair, G20 Green Finance Study Group
•G20 Green Finance update; the future of green securitisation
Arlene McCarthy, OBE, Special Advisor to Michael Bloomberg, Member European Commission High-Level Expert Group (HLEG) on Sustainable Finance
•Update on the HLEG final report, lessons from the High-Level Expert Group for G7 members who want to embed sustainable finance principles into existing regulatory structures
Representative, Italian Ministry of the Environment
•Update on Italian sustainable finance leadership and new models for the integration of sustainable finance principles with evolving capital markets architecture
Representative, Canada Pension Plan Investment Board
•Canadian pensions and long-term investing; leveraging the Canadian advantage in private markets to support the build-out of sustainable infrastructure and clean energy.
7:00PM – Concluding remarks: the sustainable finance opportunity at the G7
Justine Leigh-Bell, Director, Climate Bonds Initiative
7:15PM – Audience questions
7.30PM – Refreshments and networking