AGENDA

29-30 OctoberOECD Conference Centre, Paris

2019 FORUM

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About the OECD Forum on Green Finance and Investment Achieving climate objectives and a broader set of environmental objectives linked to the Sustainable Development Goals (SDGs), including in support of biodiversity and water security, will require:

• Domestic ambition to rapidly and efficiently decarbonise and enhance resilience in all sectors, and scale up ambition on other environmental objectives, including biodiversity and water;

• Well-aligned policies across the whole of government;

• Strong and consistent signalling and well-targeted policy interventions to engage and mobilise industry and private finance, combined with a conducive investment environment;

• Increased global co-operation between state and non-state actors, including financial and technical support for developing countries; and

• Monitoring of progress in green investment and financing and of environmental outcomes.

Policies need to be cost-effective and supported by robust, evidence-based analysis, and reflect an understanding of the perspectives and constraints of investors, who will be the engine of the transition to a green and sustainable economy.

This event brings together leading actors from the green and sustainable finance and investment community to promote effective engagement, collaboration and action on green finance and investment. This includes institutional investors, asset managers, ministries of finance, central banks and other financial regulators and supervisors, environment policy makers, commercial and investment banks, multilateral development banks, green investment banks, corporations, civil society, philanthropies and more.

About the OECD Centre on Green Finance and Investment

The Centre seeks to produce high-quality policy-oriented research and analysis on green finance and investment. A key objective of the Centre is to address policy and market challenges and support the scaling up of green finance and investment. The Centre taps into the private, public and philanthropic sectors for cutting-edge expertise and analysis as well as access to the latest innovations and initiatives in a quickly evolving area. This enriches the Centre’s work and reach, contributes to its analysis, and provides direct insights into the policy making process. The Centre seeks to support developed, emerging, and developing economies by pursuing work in the key areas of:

• strategies, policies, and actions for investment in the low-carbon, climate-resilient transition, as well as broader environmental issues like water and biodiversity

• financing for green investment, including for climate change, water and biodiversity

• tracking progress in green finance and investment

Contacts Robert Youngman｜Team Leader Green Finance and Investment, OECD Environment Directorate Robert.YOUNGMAN@oecd.org Aayush Tandon｜Policy Analyst Green Finance and Investment, OECD Environment Directorate Aayush.TANDON@oecd.org

Geraldine Ang｜Senior Policy Analyst Green Finance and Investment, OECD Environment Directorate Geraldine.ANG@oecd.org

The OECD Secretariat would like to thank Japan for their financial support for the Forum on Green Finance and Investment and for the activities of the Environment Directorate on green finance and investment.

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DAY 1: Tuesday 29 October 2019

8:30-9:10 Registration & Breakfast

Attendees are invited to take seats in room CC1 by 09:10

9:15-10:00 Greetings and Keynote Remarks (CC1)

Animator

Greetings

Keynotes

Hugh Wheelan, Co-founder, Managing Editor, Responsible-investor.com

Angel Gurría, Secretary-General, OECD

Brune Poirson, Secretary of State, attached to the Ministre d'État, Ministry for the Ecological and Inclusive Transition, France Satoru Morishita, Vice-Minister, Global Environmental Affairs, Ministry of the Environment, Japan

Daniel Klier, Group Head, Strategy and Global Head, Sustainable Finance, HSBC

10:00-11:30 High-Level Session on Sustainable Finance Initiatives (CC1)

Moderator

Speakers

This high-level session will focus on leading international initiatives on sustainable finance and discuss efforts to coordinate between different stakeholders to ensure effectiveness. Masamichi Kono, Deputy Secretary-General, OECD

Leena Mörttinen, Director General, Financial Markets Department, Ministry of Finance, Finland

Mario Nava, Director, Horizontal Policies, Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA), European Commission

Ana Martínez-Pina, Vice Chairperson, Comisión Nacional del Mercado de Valores (CNMV), Spain; Member, Sustainable Finance Network Steering Group International Organization of Securities Commission (IOSCO); Chair, Corporate Reporting Standing Committee, European Securities and Markets Authority (ESMA); and Chairman, Coordination Network on Sustainability (CNS), ESMA

Laurent Clerc, Director, Research and Risk Analysis, Autorité de Contrôle Prudentiel et de Résolution (ACPR), Banque de France

Naoko Ishii, Chief Executive Officer and Chairperson, Global Environment Facility (GEF)

11:30-11:45 Break

11:45-13:15 The Role of Central Banks: Environmental Considerations and ESG (CC1)

This panel will discuss the role of central banks in mainstreaming environmental considerations in the financial system. In particular, this will include developments surrounding the Central Banks and Supervisors Network on Greening the Financial System (NGFS), as well as recent efforts by central banks to mainstream ESG investing in their portfolio management.

Moderator Video

Speakers

Robert Patalano, Deputy Head of Division; Coordinator, Committee on Financial Markets (CMF), Directorate for Financial and Enterprise Affairs, OECD

Ma Jun, Director, Tsinghua Center for Finance and Development, Tshingua University, China Simon Zadek, Principal, Project Catalyst, United Nations Development Programme (UNDP) Danae Kyriakopoulou, Chief Economist, Official Monetary and Financial Institutions Forum (OMFIF) Enrico Bernardini, Senior Advisor, Banca d'Italia, Italy Rianne Luijendijk, Economist, De Nederlandsche Bank (DNB), The Netherlands

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13:15-14:30 Lunch and Networking

13:30-14:15 Launch of OECD Paper: Due Diligence for Responsible Corporate Lending and Securities Underwriting (Auditorium)

This session will launch the OECD paper “Due Diligence for Responsible Corporate Lending and Securities Underwriting”. Broadly recognised environmental and social standards have previously not existed for corporate lending and underwriting transactions, although they represent the vast majority of banking finance activity. This paper provides a framework for financial institutions to identify, respond to and publically communicate on environmental and social risks associated with their clients. It was developed in close consultation with leading global banks and approved by 48 governments. Lunch boxes will be provided.*

Moderator

Barbara Bijelic, Legal Expert, Responsible Business Conduct, Directorate for Financial and Enterprise Affairs, OECD

Keynote Greg Medcraft, Director, Directorate for Financial and Enterprise Affairs, OECD Speakers

Mercedes Sotoca, Head of Environmental and Social Risk Management, ING Bank Ray Dhirani, Head of Sustainable Finance & Green Economy, WWF-UK Patrick Bader, Former Head of CSR, Corporate and Institutional Banking, BNP Paribas

* With financial support from the OECD Responsible Business Conduct (RBC) Centre.

14:30-16:00 Sustainable Finance Taxonomies (CC1) Environmental, Social and Governance (ESG) Funds Management (Auditorium)

This session will explore sustainable finance taxonomies, in particular the taxonomy currently under development by the EU Technical Expert Group on Sustainable Finance (TEG), as well as implications for financial markets.

This panel will explore environmental, social and governance (ESG) investing considerations in portfolio management.

Moderator

Keynote Speakers

Discussants

Simon Buckle, Head, Climate, Biodiversity and Water Division, Environment Directorate, OECD Mario Nava, Director, Horizontal Policies , Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA), European Commission Satoshi Ikeda, Chief Sustainable Finance Officer, Financial Services Agency (FSA), Japan Monica Scatasta, Head, Environment, Climate and Social Policy, European Investment Bank (EIB) Sean Kidney, Chief Executive Officer, Climate Bonds Initiative (CBI) Nathan Fabian, Director, Principles for Responsible Investment (UN PRI) Cecile Moitry, Head, Sustainable Finance and Investment, BNP Paribas Corporate and Investment Banking (CIB) Christa Clapp, Director, Research, Climate Finance, CICERO Nicholas Pfaff, Managing Director, International Capital Markets Association (ICMA)

Robert Patalano, Deputy Head of Division, Coordinator, Committee on Financial Markets (CMF), Directorate for Financial and Enterprise Affairs, OECD

Hendrik Garz, Executive Director, ESG Ratings and Thematic Research, Sustainalytics

Meaghan Muldoon, Head, Sustainable Investing, EMEA, BlackRock

Linda-Eling Lee, Global Head, ESG Research, MSCI

Helena Vines Fiestas, Deputy Global Head, Sustainability, Global Head, Stewardship and Policy, BNP Paribas Asset Management

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16:00-16:15 Break

16:15-17:45 Institutional Investment in Environmentally Sustainable Infrastructure (CC1)

Enhancing Disclosure and Due diligence for Climate-related Risks (Auditorium)

This panel will discuss investment channels to finance infrastructure investments. The discussion will focus on how to accelerate institutional investments in environmentally sustainable infrastructure.

This panel will discuss on-going developments in climate-related disclosure and explore the role of financial regulators and supervisors, as well as harmonisation of different disclosure frameworks.

Moderator

Keynote

Speakers

Discussants

Daisy Streatfeild, Director for the Investor Practices Programme, Institutional Investors Group on Climate Change (IIGCC) André Laboul, Senior Counsellor, Directorate for Financial and Enterprise Affairs, OECD

Peter Damgaard Jensen, Chief Executive Officer, Pensionskassernes Administration A/S (PKA), Denmark & Chair IIGCC Julia Prescot, Co-founder and Chief Strategy Officer, Meridiam

Dhananjay Yellurkar, Chief Risk Officer, NIIF Infrastructure Finance Limited

Anouj Mehta, Unit Head, Green and Innovative Finance, ASEAN Catalytic Green Finance Facility (ACGF), Asian Development Bank (ADB)

Yao Wang, Director General, International Institute of Green Finance, Central University of Finance and Economics, Beijing

Mathilde Mesnard, Deputy Director, Directorate for Financial and Enterprise Affairs, OECD

Roxana de Carvalho Cunha, Head, Corporate Affairs Department, European Securities Markets Authority (ESMA) Satoshi Ikeda, Chief Sustainable Finance Officer, Financial Services Agency (FSA), Japan Arlene McCarthy, Special Advisor to the Chairman, Strategic Affairs, Bloomberg Philippe Taffin, Chief Investment Officer, Aviva France Mark Campanale, Founder and Executive Director, Co-Chair of Advisory Board, Carbon Tracker Initiative

Barbara Bijelic, Legal Expert, Responsible Business Conduct, Directorate for Financial and Enterprise Affairs, OECD Charlotte Gardes, Deputy Head, Financial Stability, Accounting Standards and Corporate Governance Unit, Directorate General of the Treasury, Ministry of the Economy and Finance, France

17:45-18:05 Keynote Speech followed by a short Q&A session (CC1)

Introduction

Keynote

Gabriela Ramos, OECD Chief of Staff and Sherpa to the G20

Mariana Mazzucato, Professor, Innovation and Public Value and Director, Institute for Innovation and Public Purpose, University College London (UCL)

18:05-18:15 Closing Remarks (CC1)

Rodolfo Lacy, Director, Environment Directorate, OECD

18:15-20:00 Cocktail Reception

Courtesy of BNP Paribas Asset Management

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DAY 2: Wednesday, 30 October 2019

8:30 Registration and Coffee

Attendees are invited to take seats in room CC1 by 08:45

9:00-9:30 Keynote Speeches (CC1)

Gabriela Ramos, OECD Chief of Staff and Sherpa to the G20

Yannick Glemarec, Executive Director, Green Climate Fund

Sandrine Dixson-Declève, Co-President, Club of Rome

9:30-11:00 Clean Energy Finance and Investment Mobilisation in Emerging Markets (CC1)

This panel will look at the priorities and highlight investment opportunities for clean energy finance and investment in emerging markets in Asia, drawing on recent analysis by the International Energy Agency and the new OECD Clean Energy Finance and Investment Mobilisation (CEFIM) Programme.

Moderator Keynote Keynote Speakers

Cecilia Tam, Team Leader, Clean Energy Finance and Investment Mobilisation, OECD Tim Gould, Head, Supply Division, World Energy Outlook, International Energy Agency (IEA)

Ole Thonke, Head, Department of Sustainable Growth and Employment, Ministry of Foreign Affairs, Denmark

Reynaldi Hermansyah, CEO, PT Indonesia Infrastructure Finance

Wandee Khunchornyakong, Chief Executive Officer, SPCG Public Company Ltd, Thailand

Vuong Thanh Long, Executive Vice President & Head of FDI Banking Department, Bank for Investment and Development of Vietnam (BIDV)

11:00-11:15 Break

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11:15-12:45 Public Financial Institutions and Climate-compatible Infrastructure: Building markets and mobilising commercial capital (CC1)

The Business Case for Action on Biodiversity by Investors (Auditorium)

This session will explore the role of developing country public financial institutions in building markets and mobilising commercial capital for climate-compatible infrastructure.

This panel will discuss the implications of biodiversity loss, and prevention of that loss, for investors and businesses. This includes the importance of valuing biodiversity, the economy’s dependence on an intact ecosystem as well as options for mobilising global biodiversity finance.

Moderator

Keynote Speakers

Discussant

Haje Schütte, Senior Counsellor and Head of Division, Financing for Sustainable Development, OECD

Olympus Manthata, Head Climate Finance, Development Bank of Southern Africa Astrid Manroth, Director Finance Programme, European Climate Foundation Orlando Cesar de Souza Lima, Deputy Microeconomic Policy Undersecretary, Ministry of Economy Brazil Yao Wang, Director General, International Institute of Green Finance Sidonie Gwet, Catalytic Green Investment Fund, Coalition for Green Capital Paul D. Lazaro, Senior Vice President, Development Bank of Philippines

Simon Buckle, Head, Climate, Biodiversity and Water Division, Environment Directorate, OECD

Eric Usher, Head, UN Environment Programme Finance Initiative (UNEP FI) Philippe Zaouati, Chief Executive Officer, Mirova Sonia Phippard, Director General for Environment, Rural and Marine, Department for Environment, Food and Rural Affairs, United Kingdom Michael Beutler, Director, Sustainability Operations, Kering Benoît Lallemand, Secretary General, Finance Watch Geraldine Ang, Senior Policy Analyst, OECD

12:45-14:00 Lunch and Networking

14:00-15:30 Lessons for SDG alignment (CC1) Financing Water-related Investment (Auditorium)

This panel will seek to draw lessons from the experience of green- and impact-oriented finance for the broader agenda of financing the Sustainable Development Goals.

This session will explore innovative approaches to scale up financing that contributes to water security and sustainable growth

Moderator Keynote Speakers

Haje Schütte, Senior Counsellor and Head of Division, Financing for Sustainable Development, OECD Irene Sanchez Aizpurua, Head of Investor Relations and Marketing, European Investment Bank (EIB) Marie-Aimée Boury, Managing Director of Impact Based Finance, Société Générale Christopher Kaminker, Head of Sustainable Investment Research & Strategy, Lombard Odier

Anthony Cox, Deputy Director, Environment Directorate, OECD Andrew Sawyers, Director, Office of Wastewater Management, United States Environmental Protection Agency (EPA) Ambika Jindal, Project Lead, Valuing Water Initiative, Ministry of Foreign Affairs, The Netherlands Vedika Bhandarkar, Managing Director, Water.org Ivan Pavlovic, Senior Thematic Analyst, Green and Sustainable/ Hybrid Debt, Natixis Cate Lamb, Director, Water Security, CDP

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Discussant

Régis Marodon, Special Advisor on Sustainable Finance, Agence Française de Développement (AFD) and International Development Finance Club (IDFC) Julia Prescot, Co-founder and Chief Strategy Officer, Meridiam Infrastructure Maria Teresa Zappia, Chief Investment Officer, BlueOrchard Finance

Paul Horrocks, Head, Private Finance for Sustainable Development Unit, OECD

15:30-16:30 High-Level Conversation on Environmentally Sustainable Finance (CC1)

Moderator

Speakers

This session will provide a unique opportunity to consider different policy communities and perspectives on environmentally sustainable finance, during a high-level conversation between the OECD Chief Economist and three OECD Directors, moderated by OECD Deputy Secretary-General Kono.

Masamichi Kono, Deputy Secretary-General, OECD

Laurence Boone, Chief Economist, OECD

Greg Medcraft, Director, Directorate for Financial and Enterprise Affairs, OECD

Jorge Moreira da Silva, Director, Development Co-operation Directorate, OECD

Rodolfo Lacy, Director, Environment Directorate, OECD

16:30-16:45 Break

16:45-18:15 Financing Sustainable Cities (CC1)

This session will discuss key priorities to unlock financing for sustainable cities.

Moderator

Keynote Speakers

Joaquim Oliveira Martins, Deputy Director, OECD Centre for Entrepreneurship, SMEs, Regions and Cities

Cleo Kawawaki, Deputy Director-General, South-East Asia Department, Asian Development Bank

Tanya Müller, President, Commission for Environment and Energy, International Chamber of Commerce Mexico; former Secretary of Environment, Mexico City

Pierre Ducret, Chair, Finance for Tomorrow; Special Advisor for Climate Change, Caisse des Dépôts Group; and Chair, Institute for Climate Economics (I4CE) Peter Sweatman, Chief Executive Officer and Founder, Climate Strategy

Bella Tonkonogy, Associate Director, Climate Finance, Climate Policy Initiative (CPI)

18:15-18:30 Closing Remarks (CC1)

Masamichi Kono, Deputy Secretary-General, OECD

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