To meet the objectives of the Paris Agreement and achieve the Sustainable Development Goals (SDGs), trillions of euros will need to be mobilized .. Read more globally. Europe alone has identified a yearly financial gap of more than 180 bn euro to finance policies and investments necessary to keep the global temperatures in line with the objectives of the Paris Agreement. Without a concrete collaboration from the private sector, these goals will not be achieved, and without the key role of the finance, the funding gaps to achieve the goals cannot be closed. On the one hand, banks play a crucial role in the transition to a more sustainable future especially if one considers that around two thirds of the European economy are financed by banks. On the other, companies have a key role in raising investment on their sustainable activities: the financing of sustainable projects or targets can be direct through the issuing of a sustainability, green or social bond, or indirect, through the company ESG reporting practices. Despite reporting is still a challenge for many companies, global pressure on climate change pushed initiatives to better address climate reporting, such as the 2017 TCFD recommendations, and Guidelines on Climate-Related Reporting to complement the Non-Financial Reporting Directive.
- Share your Experience
More Events From The Organizer
- WEBINAR - Financing Impact27 Jan 2021Online