COP25 - UNFCCC Climate Change Conference, Madrid, Spain
9-10 December 2019
Investors now want to know if their activities are truly consistent with the Paris Agreement. The EU Sustainable Taxonomy will identify performance thresholds for economic activities that are consistent with a net zero, 2050 economy.
The Taxonomy will form the basis of future financial product claims about contributions to the Paris Agreement and other environmental commitments in Europe. Developed over two years and involving over 200 finance, industry, science and non-government experts, the Taxonomy methodology can encourage and support the development of similar frameworks around the world.
Dawn Slevin, Managing Director, ELS Europe and member of the EU Technical Expert Group on Sustainable Finance explored the design and future use of the Taxonomy, sharing insights about how investors around the world can use the Taxonomy approach sharing the panel with Bas Eickhout, Member of the European Parliament, Vice-Chair Group of the Greens/European Free Alliance, Nathan Fabian, Chief Responsible Investment Officer, PRI and member of the EU Technical Expert Group (Moderator), Nancy Saich, Chief Climate Change Expert, European Investment Bank and member of the EU Technical Expert Group, Sandrine Dixson-Declève, co-president of the Club of Rome and member of the EU Technical Expert Group, Helena Viñes Fiestas, Head of Sustainability Research, BNP Paribas Asset Management, France and member of the EU Technical Expert Group, Sean Kidney, CEO Climate Bonds Initiative and member of the EU Technical Expert Group and Jose Luis Blasco, Global Sustainability Director, Acciona and member of the Technical Expert Group.
At a second panel organised by the European Banking Federation where Valdis Dombrovskis, Vice President of the European Commission for an Economy that Works for People opened with a Keynote Speech, Dawn joined a panel with Sebastien de Brouwer, European Banking Federation, Gwen Yu, Head of Engagement Transformation, BNP Paribas, Nancy Saich, Chief Climate Change Expert, European Investment Bank and member of the EU Technical Expert Group, Dr, Judith Post, Minezk – Ministry of Economic Affairs and Climate Policy, Netherlands and Simon Connell, Head of Sustainability Strategy, Standard Chartered Bank.