Green Islamic Finance - Roundtable Session (2016)

Transcription

1. G LO B AL RO UNDTAB LE 2016 2 5 & 2 6 O C TO B E R 2 016 D U B A I , U N I T E D A R A B E M I R AT E S PROG R A M M E OV E RV I E W DAY 1 - OCTOB ER 25 DAY 2 - O CTO BE R 2 6 09:00 - 09:30 Opening Ceremony 08:30 - 09:30 Lightning Round: Innovative Tools for Sustainable Finance 09:30 - 10:30 Opening Doors; Financing Sustainability 09:30 - 10:30 From Risk to Performance and Positive Impact 10:30 - 11:00 Break 10:30 - 11:00 Break 11:00 - 12:00 Values to Value: Green Islamic Finance 11:00 - 12:15 12:00 - 13:00 Lunch 13:00 - 14:15 Parallel Sessions 1 & 2: • Decarbonizing Finance • Creating Resilient and Sustainable Buildings and Cities Parallel Sessions 5 & 6: • Sustainable Stock Exchanes • Positive Impact Finance: A New Financing Approach for the SDGs 12:15 - 13:15 Lunch 13:15 - 14:30 Parallel Sessions 7 & 8: • Energy, Water and Food • Disclosure for Sustainability 14:30 - 15:00 Break 15:00 - 16:00 The Future of Sustainable Finance 14:15 - 15:30 Parallel Sessions 3 & 4: • Investing in and Creating Environmental Assets • Financial Technology and Sustainable Development 15:30 - 16:00 Break 16:00 - 17:00 Momentum to Transformation: Policy, Regulatory and Supervisory Frameworks for a Sustainable Financial System 18:00 - 22:00 Members’ Gala # GRT 2016 -1-
2. G LO B AL RO UNDTAB LE 2016 2 5 & 2 6 O C TO B E R 2 016 D U B A I , U N I T E D A R A B E M I R AT E S PL E N A RY S PE A K E R S CO N F I R M E D Host: H.E. Dr. Thani Al Zeyoudi Minister of Climate Change and Environment, United Arab Emirates Habil Olaka CEO, Kenya Bankers Association Murilo Portugal President, FEBRABAN, Brazil Zainal Izlan Zainal Abidin Executive Director of Securities Commission Malaysia, Malaysia Atiur Rahman Professor of Economics, University of Dhaka Former Governor, Bangladesh Bank Rashid Al Mansoori CEO Qatar Stock Exchange, Qatar Fiona Reynolds Managing Director, Principles for Responsible Investment Joao Consiglio Vice President Executive Officer and Member of the Board of Executive Officers, Banco Santander, Brasil Najib Saab Secretary General, Arab Forum for Environment and Development Wissam H. Fattouh Secretary General of the Union of Arab Banks Said Ibrahimi CEO Casablanca Finance City Authority Omar Selim CEO Arabesque, United Kingdom Jacki Johnson Group Executive, People, Performance & Reputation, IAG Executive Director of IAG NZ, New Zealand Richad Soundardjee CEO Middle East, Societe Generale Group John Streur CEO, Calvert Investments, United States Rachel Kyte CEO, Sustainable Energy for All and Special Representative of the UN Secretary General Lars Thunell Chair, African Risk Capacity Insurance Company Ltd Alex Thursby CEO National Bank of Abu Dhabi, United Arab Emirates Tirad Mahmoud CEO Abu Dhabi Islamic Bank, United Arab Emirates Saker Nusseibeh CEO Hermes Investment Management, United Kingdom Gerald Walker CEO, Wholesale Banking, UK, Ireland & Middle East, ING Bank, United Kingdom -2-
3. G LO B AL RO UNDTAB LE 2016 2 5 & 2 6 O C TO B E R 2 016 D U B A I , U N I T E D A R A B E M I R AT E S PA R A L L E L S E S S I O N S PE A K E R S CO N F I R M E D Tatiana Bosteels Director Responsibility & Head Responsible Property Investment, Hermes Investment, United Kingdom Karsten Loffler Managing Director, Allianz Climate Solutions, Germany Benjamin J. Ergas CEO and Partner, EFW Capital Advisors AG, Switzerland Samuel Makome Group Chief Operating Officer, Kenya Commercial Bank Masato Ito Associate General Manager, Head of Sustainable Property Promotion Team, Real Estate Advisory Department, Sumitomo Mitsui Trust Bank, Limited, Japan Mohamed Omran CEO, the Egyptian Exchange Julian Poulter CEO Asset Owners Disclosure Project, United Kingdom Stephane le Gentil Chief Executive Officer of Etihad Energy Services Company, United Arab Emirates # GRT 2016 Piet Sprengers Head Sustainability, ASN Bank, Netherlands -3-
4. G LO B AL RO UNDTAB LE 2016 2 5 & 2 6 O C TO B E R 2 016 D U B A I , U N I T E D A R A B E M I R AT E S F U L L PROG R A M M E DAY 1 - OCTOB ER 25 OPENING CEREMONY 09:00 - 09.30 The opening ceremony will welcome attendees the region and the event with traditional foods and arts, and a welcome by the roundtable’s patron, host, and chair. OPENING DOORS, FINANCING SUSTAINABILITY 09.30 - 10.30 The 2015 Sustainable Development Goals and Paris Climate Agreement have made it clear that the finance sector must become a catalyst for sustainable, climate resilient development. This new development agenda will require new ways of thinking and of working. Bringing public, private, civil society and United Nations perspectives, this opening plenary will help to clarify the pathway towards this new financing approach, and will engage participants in addressing the most challenging sustainable finance questions of our day. VALUE TO VALUE: GREEN ISLAMIC FINANCE 11:00 - 12:00 # GRT 2016 Islamic markets (markets with Muslim majority populations) produce nearly $7 trillion in GDP and are home to more than 1.6 billion people. Shari’ah-compliant assets were $1.8 trillion at the end of 2014 and expected to exceed $3 trillion by 2020. During the 40 years since modern Islamic finance began, much effort has focused on providing ways for financial institutions to serve their customer s in compliance with Islamic precepts regarding interest, excessive uncertainty and avoidance of prohibited business areas. Although most Islamic financial institutions have not integrated environmental impact into their financial decision-making process, they face a growing push by many stakeholders, particularly younger consumers, to broaden the focus beyond exclusionary screening. Adding a focus on environmental sustainability, these stakeholders say, is not just compliant with Islamic principles but is an important extension to fully meet the wider social goals of Shari’ah. This session will highlight areas where Islamic Finance principles most closely align with wider concepts of environmental sustainability and introduce several examples of green Islamic Finance practices that align with and can become an added tool for all sustainability-focused institutions. -4-
5. DAY 1 - OCTOB ER 25 - CONTIN U ED ... PARALLEL SESSIONS 1 & 2 13:00 - 14:15 CREATING RESILIENT AND SUSTAINABLE BUILDINGS AND CITIES DECARBONIZING FINANCE The new global agenda requires significant changes in the way that cities and buildings are planned, designed and constructed. This changing landscape is both being driven by finance and is generating new opportunities and new finance approaches. Panellists in this session will uncover what is changing in the way we develop and manage energy, buildings, and municipalities, and will provide insights for banks, investors and insurers. The Paris Agreement established a global regime committing countries around the world to embark on economic pathways towards decarbonization and climate-resilience. This session will address two questions: How will the unprecedented effort of decarbonizing the global economy impact the world’s financial markets? And how can financial institutions, their clients and investees, and policy-makers work together in order to enable, and catalyze, the low-carbon economic transition in the smoothest and most determined way possible? PARALLEL SESSIONS 3 & 4 14:15 - 15:30 INVESTING IN AND CREATING ENVIRONMENTAL ASSETS FINANCIAL TECHNOLOGY AND SUSTAINABLE DEVELOPMENT It has become clear that ecosystems and biodiversity provide value in the real economy and have become emerging asset classes. This session will share leading-edge work on quantifying the value of ecosystems and biodiversity and leveraging this new understanding in finance. This session will satisfy experts and new- comers to the topic, starting with an introduction, delving into the complexities of this exciting area, providing actionable ideas for banks, investors, and insurers, and identifying emerging questions and challenges. Technological developments are spurring the development of new and disruptive business models and products. These new developments can have both positive and negative implications for sustainable development and finance. This session will shed light on what emerging financial technologies mean for sustainability both now and over the coming years. Among the trends and emerging approaches that it will touch on are the well-researched area of mobile payments and financial inclusion through to the impacts of high-speed trading, social media, blockchain and peer-to-peer lending on social and environmental outcomes. MOMENTUM TO TRANSFORMATION: POLICY, REGULATORY AND SUPERVISORY FRAMEWORKS FOR A SUSTAINABLE FINANCIAL SYSTEM 16:00 - 17:00 # GRT 2016 Across the globe policy makers, financial regulators and supervisors have been creating policies, regulations and standards that are helping to shift the financial system to better align with sustainable development. These include disclosure requirements, credit ratings, listing requirements and indices created by central banks, finance ministries, stock exchanges, and others. This session will explore how and why these changes are being made and will investigate what future changes are likely to look like. -5-
6. DAY 2 - OCTOB ER 26 LIGHTNING ROUND : INNOVATIVE TOOLS FOR SUSTAINABLE FINANCE 08:30 - 09:30 Start the day with inspiration! These presentations will highlight innovations and tools that are helping to align finance with sustainability Topics Financing Sustainability Through Real Estate Financing Sustainability Through Real Estate Climate Change Mitigation Finance Climate Change Adaption Finance FROM RISK TO PERFORMANCE AND POSITIVE IMPACT 09:30 - 10:30 # GRT 2016 What is the role of the finance sector in transitioning to a low-carbon, climate-resilient economy? In achieving a green and inclusive world economy – or indeed in delivering the Sustainable Development Goals themselves? Almost 25 years after the coining of “sustainable finance” as a concept, sustainability issues are increasingly recognized as being of strategic relevance; not only to public policy-makers but to financial institutions themselves. The sustainability-related performance and impacts of portfolios are becoming of relevance to performance overall. As the urgency increases to respond to the defining challenges of our time, how will the financial sector cope and contribute? This session will show how private finance, in conjunction with the private sector more broadly, are at a critical juncture where being an active player in the design and delivery of a sustainable economy is rapidly becoming both the best risk management strategy as well as the best growth strategy rolled into one. -6-
7. DAY 2 - OCTOB ER 26 - CONTIN U ED ... PARALLEL SESSIONS 5 & 6 11:00 - 12:15 POSITIVE IMPACT FINANCE: A NEW FINANCING APPROACH FOR THE SDGS SUSTAINABLE STOCK EXCHANGES Since its inception the Sustainable Stock Exchanges initiative has successfully grown to gather more than 50 stock exchanges around the world committed to promote sustainable corporate practices and finance in their markets. Stock exchanges in the Middle East and Northern Africa have a key role to play to improve the environmental, social and governance performance of companies in the region. Acting as a platform between investors, companies and other key capital market players, they present an enormous opportunity to promote sustainable development, achieve climate goals, and to engage with regulators and policy makers and help markets transition to a more transparent, low carbon and sustainable economy. Included in plenary 4 will be an introduction to Positive Impact Finance. Positive Impact Finance is that which verifiably produces a positive impact on the economy, society or the environment once any potential negative impacts have been duly identified and mitigated. This interactive and engaging break-out session will delve in to how to move this new approach ahead. Key questions that will be explored include: • What principles can guide positive impact finance? • What opportunities are there to begin financing using this approach? • What institutional arrangements need to be in place for Positive Impact Finance to succeed? • What are the main challenges and opportunities for promoting sustainable development through capital markets, particularly looking at the Sustainable Development Goals? • What are stock exchanges doing to support more sustainable financial markets in the region? • What regional and national policy options are available to reinforce existing best practices? • What next steps can be taken by policy makers, regulators, investors, companies and exchanges collectively in the region? What are the key roles for each actor? # GRT 2016 -7-
8. DAY 2 - OCTOB ER 26 - CONTIN U ED ... PARALLEL SESSIONS 7 & 8 13:15 - 14:30 ENERGY, WATER AND FOOD DISCLOSURE FOR SUSTAINABILITY Energy, water and food have significant economic and financial impacts, posing risks and creating opportunities. They are also interconnected in many and complex ways, making it important to consider them in unison when making financial decisions. This session will share several inspiring initiatives and approaches that are attempting to address energy, water and food, and will engage participants in exploring how finance institutions can systematically address these three issues together. Transparency and accountability of market actors are key in assessing and, over time, enhancing the alignment of commercial with societal objectives. Measurement allows us to act and to track progress. Over the last decade, tremendous progress - both voluntary and regulatory - has been made on improving and standardizing corporate ESG disclosure practice in the real economy. The ESG-related impacts and risk exposures of financial institutions, however, too often remain enclosed in a black box. Following the lead of the Task Force on Climate-Related Financial Disclosures this session will examine the need for, and feasibility of, standardizing ESG disclosure in the financial sector; it will also discuss the private and public benefits and costs - of achieving fuller ESG transparency from the world’s financial markets. THE FUTURE OF SUSTAINABLE FINANCE 15:00 - 18:00 # GRT 2016 The world of finance is rapidly changing to meet the demands of our changing world. The GRT features many existing and emerging practices and trends. This session will highlight changes that we can expect to come, and what they will require of finance institutions, regulators, governments, and civil society. -8-