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Ensuring a Sustainable Recovery: What Role for the Finance Sector?

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About this event

BACKGROUND

The current crisis has shifted public focus away from the climate emergency to the immediate need to protect people and jobs. It has highlighted inequalities and vulnerabilities in supply chains and exposed the precariousness of gig economy. At the same time, the climate emergency and biodiversity crisis cannot wait. Clearly, governments cannot tackle all these challenges alone. There is an urgent need to engage businesses, investors and civil society to work collectively to address these challenges and ensure to build back better.

The finance sector has an important role in driving responsible and sustainable business. Its different actors – from regulators to asset owners, investors, and banks – all have a role to play in creating a financial ecosystem that accurately prices risk and rewards long-term sustainability and helps direct funds to sustainable purposes, thus supporting the move towards a more sustainable recovery pathway. Investors and banks have critical roles to play in this regard, both through how they allocate capital and prompting corporations to manage environment, social and governance (ESG) challenges and opportunities.

SESSION DESCRIPTION

This session will discuss the role of the finance sector in driving more responsible business practices and investments, in support of a more sustainable recovery. It will hear what banks and responsible investors, including institutional investors are doing in that regard, and discuss how government can help drive the change towards more integration of ESG criteria in investment and financing decisions, to push more ambitious action of companies, including as regards climate change.

SESSION OBJECTIVE

This session aims to discuss the role of investors and banks in driving a sustainable and inclusive recovery, and how governments can support this transformation.

QUESTIONS

  • What actions can investors and banks take to support a sustainable and inclusive post-COVID recovery?

  • How can sustainable finance principles (e.g. Principles for Responsible Investment, Principles for Responsible Banking, etc.) and green financial instruments such as green bonds and green loans support financial institutions to advance responsible business practices?

  • What role does ESG reporting play, climate and SDG alignment, and forward-looking assessment play in this regard?

  • What are some emerging best practices from the region?

Dr. Jun Ma

Dr. MA Jun is currently the Director of Research Center for Green Finance Development at Tsinghua University, Chairman of Green Finance Committee (GFC) of China Society of Finance and Banking, and a Member of the Monetary Policy Committee of the People’s Bank of China.Between 2014 and 2017, Dr Ma served as the Chief Economist at the People’s Bank of China (PBOC)’s Research Bureau and played a groundbreaking role in developing the national green finance policy framework.

Mr. James Robertson

As a member of the PRI’s Signatory Relations team and since joining from the Association for Sustainable & Responsible Investment in Asia (ASrIA), James has spent the last 5 years helping to establish the PRI’s Hong Kong office, working not only to support and grow the PRI’s signatory base and presence in Asia, but seeking to drive the development of responsible investment and a transition towards a more sustainable financial system through engagement, collaboration and capacity building with investors and a range of key stakeholders and partners across the region.

Ms. Luanne Sieh

Luanne was responsible for kick-starting the sustainability function at CIMB, in the ASEAN region, as a core strategy of the bank.

Dr. Helena Wright

Dr. Helena Wright is Vice President at WWF in Singapore where she is WWF’s global lead on the topic of infrastructure finance. She holds a PhD on climate finance from Imperial College London.

Ms. Yuki Yasui

18 years of experience in sustainable finance.

Dr. Srikanya Yathip

Dr. Srikanya heads Responsible Investment Unit in GPF. Apart from introducing and initiating ESG integration in GPF’s investment process, she aims further to engage Human Rights issue in the process.

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