Sustainable Banking Network - Webinar Series

Featured SBN Partner Webinar: The Key Role of Central Banks and Regulators in Greening the Financial System


Date: Thursday, August 6th, 2020

Central banks and regulators are noting the risks and opportunities in green finance and they are taking action. Entities such as the Central Bank and Supervisors Network for Greening the Financial System (NGFS), the Sustainable Banking Network (SBN), and the Task Force on Climate-Related Financial Disclosure (TCFD) all reflect interest among central banks and financial sector regulators in strengthening environmental and climate risk management in the financial sector to promote financial stability while mainstreaming finance that supports the transition toward a sustainable economy.

During this webinar, the distinguished panelists spoke about i) sustainable finance strategies of their countries, ii) the importance of developing local standards, such as climate finance taxonomies, to harmonize international approaches, and iii) the relevance of creating national sustainable finance committees or working groups.

This event is part of the Ctrl + Alt + Delete Green Rebuild Webinar Series, hosted by the IFC-supported Green Banking Academy (GBAC). This on-going learning series facilitates a discussion with central banks and regulators about how they can accelerate efforts to “green” the financial system. The IFC-GBAC is a knowledge initiative to accelerate the green transformation of banking, strengthening its business, and contributing to a more sustainable world, with a focus on the Latin America region. Watch more IFC-BGAC webinars here.

Recorded Webinar: The Key Role of Central Banks and Regulators in Greening the Financial System

Speakers:

 


Featured SBN Member Webinar: Green Finance Supply and Demand Dynamics in Times of COVID


Time & Date: 2:30 pm – 4:00 pm Kenya Time, Tuesday, August 4th, 2020

Kenya Bankers Association (KBA), an SBN member since 2015, hosted a webinar on "Green Finance Supply and Demand Dynamics in Times of COVID" on August 4th. This webinar featured contributions from SBNBangladesh Bank (a fellow SBN member), and the Kenya Climate Innovation Center, which incubates green economy entrepreneurs and innovators. The discussion covered how the pandemic was shaping the sustainable finance agenda, and the "COVID Kairos" moment in emerging markets, offering high-value opportunities to rebuild greener economies. The session was moderated by Nuru Mugambi, KBA Director of Public Affairs, who has led the KBA Sustainable Finance Initiative since 2012.

This event is part of the KBA’s weekly COVID-19 Insights Webinar Series. The program commenced in April 2020 and covers how the Coronavirus (COVID-19) pandemic has impacted banks and the economy. The goal of the sessions is to inform and build the capacity to navigate the COVID environment amongst the KBA member banks, spanning 45 banks and microfinance institutions.

Recorded Webinar: Green Finance Supply and Demand Dynamics in Times of COVID

Presentations: 
Creating national enabling frameworks for sustainable finance -trends from SBN countries, by Ms. Louise Gardiner
Kenya Climate Innovation Center and its programs, by Mr. Edward Mungai 

Speakers:

Event highlights:

  • Mr. Mungai covered trends within the Green Economy in so far as how COVID has disrupted climate change innovators, and at the same time, created new opportunities. His presentation included brief case studies of green economy entrepreneurs and innovators who were disrupting their sectors. KCIC funds, incubates, and provides technical assistance for entrepreneurs and start-ups developing innovative solutions in energy, water, and agribusiness to address climate change challenges. So far, the Center has deployed $195,000 in early-stage finance, which has generated $16,789,730 in revenues and 2,842 jobs across the country. The firms supported by the Center have collectively reduced carbon emissions by 414,920 tons. 
  • Mr. Iqbal shared the Bangladesh experience, providing participants with a regulators’ perspective on why banks needed to keep Green Finance activity going, despite COVID. He touched on the necessity of the “Build Back Better” approach, introduced by Japan in 2015 to the UN General Assembly as a strategy to rebuild nations after natural disasters to create more resilient economies. He also covered the Bangladesh sustainable finance journey and how the regulator viewed the role of social and environmental risk management as a tool to promote financial sector stability. 



Featured SBN Member Webinar: Green Recovery: Stimulating Post-COVID Economic Competitiveness in South Africa – Exploring the Role of A South Africa Green Finance Taxonomy


Date: July 9, 2020

National Treasury of South Africa, IFC, Carbon Trust, and National Business Initiative (NBI) jointly hosted the webinar Green Recovery: Stimulating Post-COVID Economic Competitiveness in South Africa – Exploring the Role of a South Africa Green Finance Taxonomy. The discussion focused on the process to develop a national green finance taxonomy and its role in supporting the country’s green recovery.

In May this year, South Africa’s government published "Financing A Sustainable Economy – Technical Paper 2020", sharing its vision for achieving policy coherence, regulatory guidance, oversight, and capacity building for sustainable finance across all parts of the financial sector. The paper recommends the development of a national sustainable finance taxonomy that leverages international developments.  

For more about South Africa’s national sustainable finance journey over the last several years, see the SBN 2019 Global Progress Report and the South Africa Country Progress Report at www.ifc.org/sbn2019report.

For more about South Africa National Business Initiative events, contact NBIEvents@nbi.org.za.

Recorded Webinar: Green Recovery: Stimulating Post-COVID Economic Competitiveness in South Africa

Presentation: 

Financing a Sustainable Economy Technical Paper

Developing a South African Green Finance Taxonomy

The Green Stimulus Opportunity in South Africa

Global Context for Green Stimulus

Speakers: (download speaker bio here)



Webinar: Rebuilding Resilience through Sustainable Finance

Date & Time: 8:00 am EST, Thursday, June 25th, 2020

The IFC-supported Sustainable Banking Network (SBN) is pleased to launch a timely new report Necessary Ambition: How Low-Income Countries Are Adopting Sustainable Finance to Address Poverty, Climate Change, and Other Urgent Challenges.

In light of the coronavirus pandemic, sustainable finance is more important than ever to help countries rebuild and become more resilient. It is a powerful tool to deepen financial stability and public-private partnerships to address urgent social and environmental priorities. Low-income countries are accustomed to innovating in response to urgent challenges and economic constraints. Despite challenges, low-income countries in the SBN community are at the forefront of the new trend towards sustainable financial markets. Join us to learn about their experiences and the opportunities they see in this transition.

This free webinar presents exclusive country insights from the SBN report Necessary Ambition: How Low-Income Countries Are Adopting Sustainable Finance to Address Poverty, Climate Change, and Other Urgent Challenges, launched on June 22. The report is the first comprehensive review of drivers and innovation behind market-level efforts to promote sustainable finance in low-income countries. It includes 16 case studies, 8 country reports, and practical decision-making tools based on countries' various experiences.

The webinar will feature opening remarks by IFC Vice President, and presentations by four SBN member countries – Bangladesh, Kenya, Mongolia, and Nigeria – about their national journeys to promote a financial sector shift to sustainable finance practices. It will also explore how the integration of sustainable finance can contribute to a country's overall development ambitions.

Recorded Webinar: Rebuilding Resilience through Sustainable Finance
Presentation: Rebuilding Resilience through Sustainable Finance [PDF]

Speakers: (download speaker bio here)


Environmental Information Disclosure by Financial Institutions and Green Bond Issuers

Date & Time: Thursday, April 2, 2020

The Webinar was co-hosted by IFC-supported Sustainable Banking Network (SBN), Tsinghua University Green Finance Center and World Bank Global Knowledge and Research Hub in Malaysia, supported by UK PACT. Jointly launched by the IFC-supported SBN and Tsinghua University in 2018, the Global Green Finance Leadership Program (GFLP) successfully held five events and covered more than 600 participants from 59 countries and regions around the world, mostly from the emerging economies.  However, considering the gap between the huge demand on capacity building and the limitations of physical conferences, it was decided that the future GFLP events would continue with both in-person seminars and on-line webinars. This is the FIRST of its on-line series.

This webinar focus on disclosure by financial institutions and green bond issuers. On the one hand, environmental information disclosure has been one of the most popular topics in the previous GFLP events, and feedback from many GFLP alumni also revealed that they wanted to revisit this topic. On the other hand, the TCFD recommendations on disclosure has been published for more than three years, yet the implementations were quite different from country to country, and from sector to sector. 

In this two-hour online event, speakers from commercial banks, asset managers, MDBs, the academia and international organizations stated that the COVID-19 outbreak have made investors more aware of the importance of green and sustainable development. Iberdrola, the Spanish utilities company, received 11.5 times over-subscription for its most recent issuance of green bonds. Speakers also pointed out during the webinar that the size of responsible investment worldwide has already reached USD30 trillion, and is estimated to grow by 34 percent to reach USD40 trillion by 2021. However, the lack of consistency in disclosing ESG data poses a major barrier to the further growth of responsible investment. Although many countries and international organizations have released guidance on disclosing environment-sensitive information, the inconsistencies of standards and differences in data granularity and quality are hindering the improvement of companies’ ESG performances, the decision making of investors and analyses by research institutions.

Recorded Webinar: Environmental Information Disclosure by Financial Institutions and Green Bond Issuers
Presentation:

Disclosure Learnings from Value-based Intermediation (VBI)_HSBC Arsalaan Oz Ahmed [PDF]

Environmental Information Disclosure by Financial Institutions_Amundi Frédéric Samama [PDF]

Environmental Information Disclosure by Green Bond Issuers_OCBC Tan Ai Chin [PDF]

ESG & Climate change in Ping An Group_Crystal GENG [PDF]

About the Presenters:












Mr. Arsalaan Oz Ahmed, CEO HSBC Amanah Malaysia
International banker experienced in large capital financing transactions. He is credited with material contributions to the development of the global Sukuk market. Oz has originated and executed multiple first to market Sukuk transactions across the Middle East and Asia including of note the first public Sukuk related to Makkah development, the first non-OIC sovereign Sukuk and the first vaccine Sukuk. In 2018 he oversaw the issuance of the World’s First UN SDG Sukuk issuance for HSBC Amanah Malaysia (awarded Overall, ESG and Country Deal of the Year by IFN as well as Overall, Islamic Deal, Best Sukuk, Most Innovative Deal and Country Deal of the Year by The Asset AAA), and represented a Malaysian mission to the UNGA to discuss Islamic finance and its role in achieving the UN SDGs. In recent years, Oz has distinguished himself as a thought leader in the social and environmental impact sectors within the Banking and Value-Based Intermediation (VBI) community. VBI is an initiative for Malaysian Islamic banks to refocus operations from bottom line to triple bottom line, incorporating social and environmental impact considerations along with economic return. In 2018 he was awarded Islamic Banker of the year by The Asset AAA.






Mr. Frédéric Samama, Co-Head Institutional Clients Coverage, Amundi
Frédéric Samama, Head of Responsible Investment, joined Amundi in 2009, the leading European Asset Manager. He is the founder of the SWF Research Initiative and co-edited a book on long-term investing alongside Nobel Prize Laureate Joseph Stiglitz and published numerous papers on green finance. Formerly, he oversaw Corporate Equity Derivatives within Credit Agricole Corporate Investment Banking in New York and Paris. During his tenure, he developed and implemented the first international leveraged employee share purchase program, a technology now widely used among French companies. He has advised the French Government in different areas (employee investing mechanisms, market regulation, climate finance, etc.) and has a long track record of innovation at the crossroads of finance and government policy.
Over the past few years, his action has been focused on climate change with a mix of financial innovation, research and policy making recommendations, being an advisor of Central Banks, Sovereign Wealth Funds or policy makers on the topic.









Ms.Tan Ai Chin, Head of Global Investment Banking & Corporate Development, OCBC Bank Malaysia
Ai Chin is currently Managing Director, Senior Banker Client Coverage and Head of Investment Banking, OCBC Bank (Malaysia) Berhad (OCBC Malaysia). She sits on the Board of several companies within the OCBC Group. Ai Chin has accumulated more than 30 years of experience in a wide array of investment and corporate banking activities. During her initial career with the largest bank in Malaysia, Maybank Group, she was actively involved in spearheading the development of the Islamic Bond (Sukuk) market and the first Sukuk issuance structured by her for Petronas Twin Towers was a landmark and award-winning transaction.
OCBC Malaysia pioneered the issuance of the first ASEAN Sustainability SRI Sukuk via Edra Solar Sdn Bhd, a solar plant in Malaysia which is owned by a Chinese SOE. Most recent accolades received by OCBC Malaysia include the IFR Asia Awards – Malaysia Capital Markets Deal Of The Year 2019, Alpha Southeast Asia – Best SRI Sukuk 2019 and Asset Triple A – Best Loan Adviser Deal 2019.







GENG Crystal, ESG Expert, Ping An Group
As the group leader and expert, in charge of ESG-driven sustainable development strategy transformation.
Successfully established a comprehensive PA model for ESG, which has been a benchmark in China. Including setting up Group ESG Office, building up an integrated ESG management system covering insurance, investment, credit, and technology businesses. So far, Ping An has become the benchmark for Chinese companies' ESG, and has received unanimous affirmation and praise from the industry. For example, PA is the first complete ESG management system for Chinese A-share listed companies; the first asset owner in China joining the United Nations Principles for Responsible Investment and Climate Action 100+; released China's first TCFD report; For the first time, Ping An was selected into DJSI Sustainability Index (the only financial institution in China); for the first time in three years, Ping An's MSCI ESG rating was upgraded; for the first time, it responded to the CDP questionnaire and received a B-grade (the best in China's financial companies) and so on.



Trends in Taxonomy Development and Lessons from Emerging Markets

Date & Time: Thursday, February 20, 2020

Recent years have seen rapid growth green bonds and loans that promise positive environmental impact and a proactive response to climate change. Similar instruments are also emerging that seek social and sustainability impacts in line with the Sustainable Development Goals (SDGs). As investor demand increases for these types of offerings, and as the types of assets broaden, there is greater scrutiny of the definitions that are applied and the reporting by issuers on impacts they have achieved. At global level, a number of leading initiatives have emerged to offer agreed classifications that can underpin sustainable finance products. This taxonomy will influence global issuances that seek to comply with the requirements of European investors. Other global taxonomies and definitions of green bonds include the Climate Bonds Taxonomy by the Climate Bonds Initiative, the International Capital Markets Association Green Bond Principles eligible projects, and the IFC Definitions for Climate-Related Activities.

In emerging markets, a growing number of SBN member countries are issuing either lists of eligible sectors and projects or more comprehensive taxonomies that include technical criteria and monitoring guidance. For example, China issued its first Green Bond Taxonomies in 2015 and went on to contribute to approximately 30% of global green bond issuance in 2016. The most recent country to adopt a national green taxonomy is Mongolia, which has been an active member of SBN since 2012. In December 2019, Mongolia completed an extensive consultation to develop a national taxonomy based on the China experience and other international good practices.

This 90 min free webinar shares latest development insights from key global initiatives, as well as an in-depth discussion of the Mongolia experience in designing a national taxonomy based on international good practice.

Recorded Webinar: Trends in Taxonomy Development and lessons from Emerging Markets
Presentation: Sustainable & Green Taxonomies [PDF]
Presentation: Green Taxonomy: Sharing Mongolia’s Experience [PDF]

About the Presenters:












Mr. Sean Kidney – CEO of the Climate Bonds Initiative (CBI)
Sean projects include a scheme for green bond definitions and certification with $34 trillion of assets represented on its Board and some 200 organizations involved in its development and governance; working with the Chinese central bank on how to grow green bonds in China; an international Green Infrastructure Investment Coalition; and market development programs in Brazil, Mexico, Colombia, Nigeria, and East Africa.
He was member of the 2017 EU High Level Expert Group on Sustainable Finance and is a member of its successor, the EU Technical Expert Group on Sustainable Finance. He is also a member of green finance advisory groups in China, India, Mexico, and Kazakhstan. He has previously been a consultant on green bonds to the United Nations Secretary General, a member of the Peoples Bank of China Green Finance Task Force and a member of the Commonwealth Secretariat’s Expert Committee on Climate Finance. In both 2017 and 2018 he was voted GlobalCapital magazine’s “Most Influential Champion” of the sustainable finance market.














Ms. Nomindari Enkhtur Advisor to the Mongolian Sustainable Finance Initiative (MSFA)
She advises on the development and implementation of a national sustainable finance roadmap, green taxonomy, and sustainable stock exchange index for Mongolia. She was previously CEO of the Mongolian Sustainable Finance Association, a first-of-its-kind national institution that aims to bring together various financial sector players to direct investments for real progress in sustainable development. Since 2013, she worked closely with Mongolian banks, policy makers, and international partners to help banks integrate environmental and social considerations into lending decisions and product design. She has also led a number of projects related to green finance mobilization, sustainable finance policy dialogue, capacity building, and awareness raising. For her contribution in sustainable development, she was recognized by the European Commission as one of the Global Young Leaders for Development of 2017. In 2018, she was also selected as one of the 5 young sustainable business innovators by the Business for Peace Foundation. Nomindari holds a master’s degree in Sustainability Management from Columbia University in New York and is a Fulbright Awardee.









Ms. Oyungerel Munkhbat -Project and Partnership Manager Mongolian Sustainable Finance Association (MSFA)
Since taking up her role, she has worked closely with financial institutions, policy makers, and international development and donor organizations in improving sustainable finance development in Mongolia. Oyungerel is responsible for multiple ongoing projects at MSFA such as the Green Taxonomy, Mongolian Green Finance Corporation establishment, Piloting of Energy Efficient Housing Value Chain, and the development of Energy Efficiency Rating Criteria. Prior to MSFA, she worked in the fields of journalism and environmental impact assessment. She holds a BSc Environmental Science from the National University of Mongolia.











Ms. Louise Gardiner – Africa and Green Bonds Coordinator, Sustainable Banking Network (SBN), IFC
Established in 2012 with support from IFC – part of the World Bank Group – the Sustainable Banking Network (SBN) is a community of financial sector regulators and banking associations from 39 emerging markets with a shared ambition to transform the financial sector towards greater environmental, social and governance (ESG) sustainability. SBN members now represent over US$43 trillion in banking assets, accounting for more than 85 percent of the total banking assets in emerging markets.Louise has also been a sustainable finance and disclosure consultant with IFC since 2005. She prepared IFC’s 2005 Sustainability Report and was part of the core team for IFC’s first Integrated Annual Report in 2007. She has worked on a wide range of projects to promote adoption of ESG standards, disclosure, and innovative green finance across the private sector in emerging markets.



Creating Green Bond Markets in Africa

Date & Time: Thursday, February 7, 2019

Globally, as much as $7 trillion a year in investments will be needed to achieve the Sustainable Development Goals by 2030. IFC research has identified US$23 trillion in climate-focused investment opportunities alone for 21 emerging-market countries in that time. Green, Social and Sustainability Bonds are new types of bond instruments that facilitate these investments and can help countries to achieve national sustainable development roadmaps. With that in mind, in 2018 the IFC-facilitated Sustainable Banking Network (SBN), guided by members and experts from 21 countries and 30 organizations, and in partnership with the Climate Bonds Initiative (CBI), reviewed regulatory efforts in over 22 emerging markets to promote issuance of green and sustainability bonds.

This free webinar presents exclusive insights from the report "Creating Green Bond Markets", the most comprehensive review to date of the green bond trend in emerging markets and offering the first practical Green Bond Market Development Toolkit. It features presentations by the Climate Bonds Initiative (CBI) – report co-authors – and the Morocco Capital Market Authority (AMMC) – co-chair of the SBN Green Bond Working Group – on what these findings mean for African countries. It will also explore how African countries can further unlock the shared opportunities in green and inclusive investment across the continent.

Recorded Webinar: Creating Green Bond Markets in Africa
Presentation: Findings of mapping research - Green bond market developments in SBN member countries [PDF]
Presentation: Green Bonds in Morocco - The regulator's experience [PDF]

About the Presenters:















Sean Kidney is CEO of the Climate Bonds Initiative (CBI). Sean focuses on promoting investment priorities for climate and green bonds, how governments can take advantage of the green bonds market and the development of international collaborations.

A regular speaker on climate change and finance, Sean has over the past year spoken at conferences and seminars on six continents. His background is in stakeholder communications, social change strategy and issues marketing. He was previously a marketing advisor to a number of the largest Australian pension funds and an owner of social marketing, web site development and current affairs publishing firms.

He serves as a member of the European Commission's Technical Expert Group on Sustainable Finance; is co-Chair of the India Green Bonds Council; and is a member of the UK Green Finance Task Force. He has provided advice to the People's Bank of China on how to grow green bonds in China; has been a member of the Commonwealth Expert Group on Climate Finance; and has been a consultant on green bonds to the United Nations Secretary General. Sean also acts as convener of the Green Infrastructure Investment Coalition (GIIC).











Yasser Mounsif is Head of Corporate Finance and Financial Disclosure at the AMMC (Moroccan Capital Market Authority). Yasser supervises the approval of issuer prospectuses as well as their compliance with ongoing information obligations. He is also actively involved in many regulatory projects and working groups aimed at market development, such as sustainable finance, where he had a significant contribution in drafting the Moroccan guidelines for Green, Social and Sustainability Bonds.

Yasser joined the AMMC in 2008 where he held several positions before being appointed as Head of Corporate Finance and Financial Disclosure. Prior to joining the AMMC, he was responsible for internal auditing at a multinational company. Yasser holds a master's degree in corporate finance from Al Akhawayn University in Ifrane (Morocco).













Jennat Benhida is Head of Regulation Unit at the AMMC (Morocco's Capital Market Authority) and an Associate Professor at the Mohammed V University of Rabat. Jennat holds a master's degree in finance as well as a PhD in economics from the Mohammed V University of Rabat in Morocco. Her research interests are in the areas of behavioral finance and financial macroeconomics, and have led to publications in specialized journals.

After a first experience as a macroeconomist at the Central Bank of Morocco, she joined the AMMC in 2009 where she held various positions before being appointed head of the regulation unit. Her work is centered on developing new standards for the Moroccan capital market regulation and on monitoring new trends affecting the market, including Fintech and sustainable finance. She is also the AMMC representative in technical committees of international bodies, notably the IOSCO – International Organization of Securities Commissions.











Ms. Louise Gardiner – Africa and Green Bonds Coordinator, Sustainable Banking Network (SBN), IFC
Established in 2012 with support from IFC – part of the World Bank Group – the Sustainable Banking Network (SBN) is a community of financial sector regulators and banking associations from 39 emerging markets with a shared ambition to transform the financial sector towards greater environmental, social and governance (ESG) sustainability. SBN members now represent over US$43 trillion in banking assets, accounting for more than 85 percent of the total banking assets in emerging markets.Louise has also been a sustainable finance and disclosure consultant with IFC since 2005. She prepared IFC’s 2005 Sustainability Report and was part of the core team for IFC’s first Integrated Annual Report in 2007. She has worked on a wide range of projects to promote adoption of ESG standards, disclosure, and innovative green finance across the private sector in emerging markets.