Even if the green washing still on the menu of some institutions and companies, it is clear that the financial world continues its transformation towards greening, no longer with the sole search for profitability and profit, but also with the concern of being more respectful of the environment its investment decisions.
The subject declined Every two years Business & Responsible Finance and entitled “Acting together for fair and sustainable finance” aimed to highlight the concrete measures taken by the financial world.
“Make climate data as important as financial data”
On Monday, December 5th, nearly 300 people attended morning conferences and afternoon workshops based on environmental, social and governance (ESG) criteria, led by members of the responsible Finance Committee within Lyon financial center. its president, Frederick Maurel opened the debates by putting the chosen topic in context:
“The challenge is simple: finance must become our best ally in the fight against climate change. Because the importance of the story is that climate data is becoming as important as financial data. Investments must be in the order of expectations, commitments and challenges, so massive. I am convinced that the so-called sustainable finance is an important player in this existential change that we must achieve and, above all, succeed.”
The floor (in the video) was given for the opening keynote Laurent ClercDirector of Research and Risk Analysis at the Prudential Control and Resolution Authority, under one of the branches of the Bank of France. He sketched the panorama of our current inflationary economy and explained the obligations of the banking institution in favor of the greening of financein a normative environment at European level.
The doctor followed him (also in the video). Yamina Sahebone of the authors of Report III of the IPCC and Senior Climate Policy Analyst at OpenExp. In particular, she recalled the definition of sobriety and insisted on the need for a global paradigm shift, not action “compensatory” such as the electric cars.
“Taking ESG issues into account is now essential”
The next conference focused on the urgency to act towards funding. Sebastien Baril, President of the Board of Directors Serge Ferrari GroupDelphine D’Amarzit, CEO ofEuronext ParisRobin Edme, CEO of 2DII Franceand Laurent Clerc, Director of Studies and Risk Analysis at thesupervisory authority and resolution authority intervened, the focus of the discussions being the usefulness and the way of capturing the ESG criteria.
Delphine D’Amarzit specifically stated:
“The ability of companies to persuade investors that they are considering ESG issues is now essential, even systemically.”
The morning ended with a moderated debate Alexis Janin, Regional Director of Euronext, entitled “Understanding and acting to support and accelerate the transition”. The afternoon was marked by the holding of three workshops, each dedicated to the three criteria E, S and G.
Exchanges that led to summaries and feedback to the participants and commented on by the great witness of the day, Alain GrandjeanCo-founder and partner of carbon 4 and some Foundation for nature and man.