Prior to the global pandemic, momentum was building for the sustainability transition and this momentum has been further accelerated by the events of 2020.
The European Central Bank’s recent decision to buy sustainable assets marks the next step change for the market from 2021 (a proposal first made to the ECB in the White & Case co-authored white paper on sustainable finance in 2018). Crucially, the ECB has defined sustainable assets broadly to include sustainability-linked debt covenanted by reference to the UN’s 2030 Sustainable Development Goals (SDGs): sustainability is now a market which every industry can join.
Sustainability addresses global challenges including poverty, inequality, climate change, environmental degradation, peace and justice. The UN SDGs are guiding businesses – not only to transition their operating models away from non-sustainable practices but also to raise capital today to finance their sustainability transition.
Moderated by Chris McGarry (Partner, White & Case), a panel of Olivia Albrecht (Head of ESG Business Strategy, PIMCO), Sean Kidney (CEO of the Climate Bonds Initiative), Anjuli Pandit (Primary Sustainability Manager, BNP Paribas), Felipe Fernandes Mendes (Tereos) and Clare Connellan (Partner, White & Case) will focus their discussion on the market opportunity today for sustainable capital and the risk mitigation which businesses and governments should otherwise be undertaking to transition away from non-sustainable practices.
|Olivia Albrecht, Head of ESG Business Strategy, PIMCO|
Sean Kidney, CEO of the Climate Bonds Initiative
|Anjuli Pandit, Primary Sustainability Manager, BNP Paribas|
|Felipe Fernandes Mendes, Treasury & Business Development Director, Tereos|
|Clare Connellan, Partner, White & Case|
|Chris McGarry, Partner, White & Case|
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