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UID:55@clubofrome.org
DTSTART;TZID=Europe/Zurich:20231114T130000
DTEND;TZID=Europe/Zurich:20231114T164000
DTSTAMP:20251203T154348Z
URL:https://www.clubofrome.org/events/decade-of-sustainable-finance/
SUMMARY:The decade of sustainable finance
DESCRIPTION:The EU’s sustainable finance agenda took off in 2018 with the
  publication of the High-Level Expert Group Report on Sustainable Finance\
 , initiating the decade of sustainable finance. Five years later\, it is t
 ime to evaluate. What are the lessons learned of the previous five years? 
 And what should the next Commission do to achieve a sustainable financial 
 market by the end of its mandate?\n\nSustainable finance is still a work i
 n progress\, as can be seen by growing international criticism. While some
  fear it stifles innovation and creates a system of woke capitalism\, othe
 rs deem sustainable finance a distraction without a significant effect on 
 climate change. EU action has been instrumental in creating a mature globa
 l market\, yet challenges remain. While the Sustainable Finance Disclosure
  Regulation was a big step forward\, the lack of clear minimum standards f
 or sustainable funds has led to accusations of greenwashing. Further\, the
  EU Taxonomy’s focus on "being green" has led to divisive debates\, whic
 h a bigger focus on "becoming green" through transition finance could help
  deflate. Lastly\, an excessive focus on environmental sustainability migh
 t undermine efforts to create a just transition that citizens support.\n\n
 A good moment to evaluate: What is the reason we embarked on this challeng
 e? And are we focusing our energy on the right aspects? Are we doing enoug
 h to make financial markets a real engine for sustainable growth\, particu
 larly in the context of what may very well be remembered as the decade of 
 sustainable finance\, or are we creating fee-generating business models fo
 r the financial sector?\n\nTo address these questions and stimulate the de
 bate on sustainable finance\, this half-time evaluation will bring togethe
 r politicians\, regulators\, NGOs\, and industry. With all cards of the cu
 rrent Commission on the table\, including the recent communication on tran
 sition finance\, we can move to the next phase in the sustainable finance 
 agenda. With a focus not just on defining what is green\, but on helping c
 ompanies actually become green. And to extend the EU’s sustainable finan
 ce agenda to the full scale of ESG considerations.\n\nSandrine Dixson-Decl
 ève\, Co-President of The Club of Rome\, will join one of the panels to d
 iscuss  Social sustainability – Keeping the S in ESG\,' along with othe
 r prominent experts:\n\n 	Petra Hielkema\, Chair\, European Insurance and 
 Occupational Pensions Authority\n 	Antje Schneeweiss\, General Secretary o
 f the working group of church investors of the Protestant Church of German
 y\n 	Benoît van den Hove\, CEO\, Euronext Brussels &amp\; member of Manag
 ement Board\, Euronext Group\n 	Kathryn Carlson\, Financial Services Corre
 spondent Europe\, Mlex\n\nExplore the program and list of speakers for eac
 h panel here.
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CATEGORIES:Cultural transformations
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