• 15 Feb 2024
past

Thursday 10:00 AM to 11:30 AM (CET)

Online

Navigating the green horizon: COP28's impact on banks and the imperative of transition planning for financial resilience

ESG
Coffee

The 28th Conference of Parties (COP) in Dubai marked a pivotal moment in global climate action, with its historic agreement signaling a collective commitment to transition away from fossil fuels. At the same time, number of arriving disclosure and regulatory requirements underscore the need for comprehensive transition planning for banks to align their strategies with evolving environmental imperatives. For example according to the ECB, the misalignment with the EU climate transition pathway can lead to material financial, legal and reputational risks for EU banks.
 

“π…πšπ’π₯𝐒𝐧𝐠 𝐭𝐨 𝐩π₯𝐚𝐧 𝐒𝐬 𝐩π₯𝐚𝐧𝐧𝐒𝐧𝐠 𝐭𝐨 𝐟𝐚𝐒π₯’’

ECB, Risks from misalignment of banks’ financing with the EU climate objectives

 
To address these challenges, banks can adopt strategic approaches such as integrating sustainability frameworks into decision-making processes, fostering collaborative partnerships for knowledge-sharing and resource pooling, developing innovative financial instruments to incentivize sustainable investments, and investing in staff training and capacity building. Transition planning for banks not only aligns with COP28's objectives of decarbonization and sustainable development but also presents opportunities to drive positive environmental outcomes while ensuring long-term financial resilience. By proactively embracing transition planning, banks can navigate the complexities of a shifting financial landscape and contribute to a more sustainable future.

 

Join us on 15th February as we discuss with leading banking experts the implications of COP28 for banks and explore the challenges that come for banks with transition planning and how to best tackle them.

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Speakers

profile picture of Peter Plochan

Peter Plochan

Qorus

Senior Community Advisor

profile picture of Adlen Bouchenafa

Adlen Bouchenafa

TNP Consultants

Partner, Director of Sustainability

profile picture of Clotilde Bouchet

Clotilde Bouchet

CRSF

Chairman

profile picture of Matt Bullivant

Matt Bullivant

OakNorth

Director of Sustainability and ESG Strategy

profile picture of Nathan Chan

Nathan Chan

Transition Plan Taskforce

Sector Guidance | ESG Strategy

profile picture of Vera Economou

Vera Economou

Raiffeisen Bank International

ESG Group Competence Center Lead

Institutions

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