Webinar I Why are financial institutions focusing on the alignment of counterparties?

Webinars - By : Alice PAUTHIER

 

The Paris Agreement has strengthened the call to the financial community to provide an essential contribution to climate action. To date, the focus of alignment efforts has principally been on what is financed – i.e. the individual projects or business activities. However, financial institutions of all types have recently been expanding the focus from the alignment of what is financed to also include an assessment of the alignment of who is financed. In response, in December 2020, marking the fifth anniversary of the Paris Agreement, and in the follow up of the Finance in Common SummitUNEP FI and the Climate Action in Financial Institutions Initiative are convening an informal FI Group on Aligning Financial Chains with the Paris Agreement.

 

The FI Group aims to share knowledge, experience and best practices, discuss emerging trends and develop possible guidance on how to advance the alignment of financial chains, from capital markets, corporate banking and institutional investors to development banks, commercial bank intermediaries and to the project/corporate level.

 

The FI Group brought together on a voluntary and open basis interested financial institutions via a series of webinars for group exchange, peer learning and joint problem solving around three questions:

 

  • WHY financial institutions who committed to be “Paris aligned” have identified a need to focus on counterparties?
  • HOW are financial institutions assessing the alignment of counterparties?
  • WHAT are financial institutions doing with counterparties’ alignment assessments results, at strategic and/or operational levels?

 

 

Overview of the webinar:

This first webinar organized by the FI Group on Aligning Financial Chains with the Paris Agreement will focus on the reasons WHY financial institutions who committed to be “Paris aligned” have identified a need to focus on counterparties – and the initial steps they are taking to do so.

 

This webinar was an opportunity for FI professionals from strategy and climate/sustainability departments to hear the insights of and exchange with peers from financial institutions from across the financial community.

 

This webinar was opened to all financial institutions with a shared interest and ambition, no matter their level of progress in developing and implementing alignment approaches. It is open to representatives from individual institutions, including institutional investors (pension funds and insurers) such as those involved in the AOA, commercial banks taking part in the CCCA, public development banks such as MDBs and IDFC members, supporting institutions of the Climate Action in Financial Institutions initiative, and other interested financial entities and stakeholders.

 

Provisional Agenda:

 

13:00-13:05: Welcome remarks & Agenda

Representative, Climate Action in Financial Institutions Initiative

 

13:05-13:15: Keynote speech

Dharshan Wignarajah, Deputy Director, Finance and Resilience, COP26 Presidency (TBC)

 

13:15-14:15: Panel discussion “Why are financial institutions of all types increasingly focusing on the alignment of counterparties?”

  • Camille LAURENS-VILLAIN, Climate Finance Lead – Strategy Department, French Development Agency
  • Amal-Lee AMIN, Climate Change Director, CDC Group
  • Toni BALLABRIGA TORREGUITART, Global Head of Responsible Business, BBVA
  • Simon CONNELL, Global Head, Sustainability Strategy, Standard Chartered Bank
  • Speaker TBD – European Investment Bank
  • PensionDanmark (TBC)

 

Representatives of financial institutions from across the financial community will share insights on their experience in this area, focusing on:

 

  • why is the counterparty / client level important?
  • how are they currently approaching counterparty alignment assessments and an initial scoping of the challenges?
  • what shared work could the FI Group facilitate to advance joint practice in this area?

 

14:15-14:25: Q&A with Webinar Participants

 

14:25-14:30: Concluding remarks and road forward
Eric Usher, Head of UNEP FI

01 Jul 2021

Webinar I Why are financial institutions focusing on the alignment of counterparties?

I4CE Contacts
To learn more
  • 03/28/2025 Hors série
    The pathway for climate investments in turbulent times – annual report 2024

    We are witnessing a withdrawal of commitments to climate action. In the US, President Donald Trump does not hide his hostility to what he calls the ‘climate hoax’. In Europe and in France, new narratives around competitiveness, strategic autonomy and security are gaining ground, reflecting a new political reality. If there is still a broad consensus on the long-term objective of climate neutrality, how to get there is increasingly challenged, generating uncertainty. The scarcity of fiscal resources impacts the willingness to embark on the green transition.

  • 03/24/2025
    TRAMe2035 Scenario for a transition of households dietary habits by 2035

    Current food production and consumption trends contribute to a range of public health, social and environmental problems. The need for a transition is no longer in doubt: we must move towards a system that produces healthy food with a low impact on ecosystems, is accessible to all, and ensures fair remuneration for producers. There’s no denying that the questions we raise here are politically and socially sensitive, as food is deeply connected to cultural, economic, environmental and health issues. Nevertheless, it is essential to develop ways to foster open discussion. IDDRI and I4CE have therefore joined forces with several other actors to provide insights for the debate.

  • 03/21/2025 Blog post
    In the absence of a carbon tax in Canada, measures to fill the gap are essential 

    On his first day in office, Prime Minister Mark Carney announced the elimination of the consumer carbon tax, in response to political pressures rather than evidence-based concerns about its effectiveness or impact on affordability. The tax had played a crucial role in reducing the country’s GHG emissions, and along with other carbon pricing policies, was expected to contribute nearly half of Canada’s emissions reductions by 2030. Additionally, the majority of revenues collected were redistributed to citizens, protecting vulnerable households. Thus, without alternative policies to compensate, eliminating the tax could slow emissions reductions and increase inflationary pressure, particularly for low- and middle-income families who benefited financially from the Canada Carbon Rebate funded by the tax. 

See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !
Fermer