Climate Bonds Initiative Event: How Financial Institutions Are Navigating the Net-Zero Transition

Date: 25th June 2024

Time: 10:00 – 11:30 AM (registration from 09:30)

Venue: White & Case LLP, 5 Old Broad Street | London EC2N 1DW

SUMMARY

Momentum is building within the financial sector from net-zero commitments to implementation of such commitments, beginning with developing the necessary frameworks and approaches for individual firms to set their own transition targets, strategies, and approaches for delivery. Each financial institution should now look to adjust its business model, develop a credible transition plan, and implement its plan. Given the important role that financial institutions can play in supporting the decarbonization of real-economy corporates, it is critical that there are consistent and clear expectations for what financial institutions need to see from the businesses they finance.

This event will explore how financial institutions are navigating the net-zero transition with a particular focus on the frameworks and tools essential to achieving these objectives. The discussion will highlight the recently released tool from the Climate Bonds Initiative, in collaboration with the Institutional Investors Group on Climate Change (IIGCC), the Sustainable Markets Initiative (SMI), the Glasgow Financial Alliance for Net Zero (GFANZ), and Climate Arc, which offers a classification system incorporating a wide range of existing frameworks to identify core, prioritized indicators of credible corporate transition.

The event will be invitation-based and conducted under Chatham House Rule.

SPEAKERS

• Ron O’Hanley, Chairman and CEO of State Street Corporation and Chair of the Asset Manager Asset Owner Task Force for the Sustainable Markets Initiative
• Mary Schapiro, Vice Chair, Glasgow Financial Alliance for Net Zero
• Meryam Omi, Chief Executive, Climate Arc
• Nazmeera Moola, Chief Sustainability Officer, Ninety One
• Dan Gardiner, Head of Transition Research, Institutional Investors Group on Climate Change
• Anna Creed, Director of Thought Leadership, Climate Bonds Initiative
• Doris Honold, Chair of the Climate Bonds Initiative Board
• Chris McGarry, Partner, Capital Markets, White & Case LLP

AGENDA

09:30 - Registration 

10: 00 - Welcome & Introduction 

• Chris McGarry, Partner, Capital Markets, White & Case LLP       

10:10 - Framing from Climate Bonds  

• Doris Honold, Chair of the Climate Bonds Board 

10:15 - Consistent and credible transition planning as a tool for delivering net zero 

• Mary Schapiro, Vice Chair, Glasgow Financial Alliance for Net Zero
• Ron O’Hanley, Chairman and CEO of State Street Corporation and Chair of the Asset Manager Asset Owner Task Force for the Sustainable Markets Initiative

10.25: How Financial Institutions are Navigating the Transition

Panel discussion with a particular focus on frameworks and tools, including Q&A. 

Moderator: Ron O’Hanley, Chairman and CEO of State Street Corporation and Chair of the Asset Manager Asset Owner Task Force for the Sustainable Markets Initiative  

• Nazmeera Moola, Chief Sustainability Officer, Ninety One 
• Dan Gardiner, Head of Transition Research, Institutional Investors Group on Climate Change 
• Meryam Omi, Chief Executive, Climate Arc  
• Anna Creed, Director of Thought Leadership, Climate Bonds Initiative 

11:05 - Light refreshments and Networking