ESG - GOLDEN NUGGET FOR THE SWISS FINANCIAL MARKET?
ESG - GOLDEN NUGGET FOR THE SWISS FINANCIAL MARKET?
Published: 09 July 2020
Date: Thursday, 9 July 2020 Time: 11:00 – 12:00 CET Location: Virtual
Is upcoming legislation an opportunity or threat to the Swiss financial industry? The move to a fully sustainable economy in Europe has been taken up by the European Commission. It is known as the “European Green Deal,” Europe’s single largest multiple decade project. The objective is to transform the European economy into environmental and social sustainability. Europe is to be the first climate neutral continent by 2050. For this purpose, the European Green Deal investment plan will mobilize at least EUR 1 trillion of sustainable investments for decades to come and the financial markets will be its conduit!
Specifically, “Financing Sustainable Growth” is a key stream of the European Green Deal and the corresponding “EU Action Plan” triggers the legislative backbone in the financial services industry.
Sustainable finance ( Commission action plan on financing sustainable growth adopted in March 2018) is part of European Commission strategy to integrate Environmental, Social and Governance (ESG) considerations into its financial policy framework and a work stream aimed at supporting the European Green Deal. When it comes to sustainable finance, Switzerland is very well positioned as highlighted by Swiss Bankers Association (SBA) in its June position paper: “The Swiss financial centre is a frontrunner in sustainable finance and is on course to become a premier international hub in this area.”
PRESENTATIONS & ROUNDTABLE DISCUSSION
Introduction | Dr. Ingo Rauser, Capco
Soft law in Sustainable Finance and its impact on the Swiss Financial Market | Dr. August Benz, SBA
THE EU ACTION PLAN: ARE FINANCIAL SERVICES FIRMS AWARE OF ITS IMPACT ON THEIR BUSINESS MODEL?
The European Commission has committed to a fully sustainable economy in Europe. Known as the European Green Deal and set to become Europe’s single largest multi-decade project, the move aims to make Europe the first climate-neutral continent by 2050 and transform the EU economy to ensure environmental and social sustainability. So, what does it mean for financial services firms and their operating models?
19 June 2020
THE RISE OF ESG AND ITS IMPLICATION FOR FIRMS
This paper seeks to explore the constituent parts of ESG, and more importantly, how they are changing. We’ll be highlighting the importance of ESG in today’s markets and looking at how asset managers can capitalise on a nascent field.
