OMFIF hosted conference in Frankfurt to examine how the European Union can strengthen its sustainable finance competitive process, with a special emphasis on Germany and Luxembourg. The EU has made vast efforts on climate change, with the EU taxonomy spearheading sustainable finance regulatory practice, developments of disclosure frameworks and the integration of climate risk into financial services. Yet challenges persist with divergence in standards and jurisdictional approaches, the need to tackle greenwashing and converging the real economic and financial markets to achieve effective net zero transition.
This conference brought together public sector agencies worldwide, emphasising the central importance of public-private interactions for success in this sphere. Participants form a powerful force for co-operation in setting standards. Topics discussed included refining green products and instruments for more effective use of financial markets in combatting climate change, moving to a more holistic view of sustainability and, importantly, saying RIP to ESG.
Speakers:
David Papp, Head of Sustainable Financial Policy, Magyar Nemzeti Bank
Paula Redondo Pereira, Head of Regulatory Affairs, Luxembourg Stock Exchange
Elia Trippel, Policy Analyst, Green Finance and Investment, OECD
David Zahn, Head of European Fixed Income, Franklin Templeton Investments
Moderator:
Ellie Groves, Managing Director, EMP, OMFIF
Recorded on 15/09/2022
In partnership with:
This virtual discussion is part of the OMFIF Sustainable Policy Institute. The SPI is a high level community which brings together central banks, sovereign funds, public pension funds, and their counterparts in asset management, banking and professional services to explore policy, regulatory and investment challenges posed by environmental, social and governance themes. See more information on OMFIF’s SPI here.
