It’s been a fascinating morning at our summit: Making the UK a Global Hub for Transition Finance. So far today, we have heard a keynote address, a case study, 4 panel discussions as well as a warm welcome from our morning chair Kathrine Meloni, Special Adviser and Head of Treasury Insight, Slaughter and May.
Some quotes:
💬"Without sufficient scale in transition finance markets, the review has concluded that domestic and global progress towards decarbonising these sectors is only going to be incremental."
🎤Vanessa Havard-Williams, Chair, The Transition Finance Market Review
💬"I think it is worth it, but it does require that investment upfront."
🎤Daniel Hanna, Group Head of Sustainable & Transition Finance, Barclays
💬"It's definitely a journey we're on together."
🎤Andrew Cunningham, CEO, GeoPura
From our first panel moderated by James Roe, Partner, A&O Shearman:
💬"Transition is going to require eye watering amounts of money"
🎤Vanessa Havard-Williams, Chair, TFMR
💬"The stakeholders found a lack of common definition to be the barrier to the growth of transition finance."
🎤Councillor Irem Yerdelen, Lead Member for Sustainable Finance, City of London Corporation
💬"What's key is that the standards are created by the market, for the market."
🎤Simone Utermarck, Senior Director, Sustainable Finance, ICMA - International Capital Market Association
Our 2nd panel moderated by Caroline Phillips, Partner, Head of Debt Capital Markets, Slaughter and May:
💬"Sometimes there is a misplaced view that labels will be the solution to everything."
🎤Nicola Doria, Centre for Carbon Transition Exec Director, J.P. Morgan
💬"I think we may have become a little bit obsessed with labels."
🎤Gemma Lawrence-Pardew, Head of Sustainability, Loan Market Association (LMA)
💬"Labelled products are simply marketing tools."
🎤Sean Kidney, CEO, Climate Bonds Initiative
Our 3rd panel moderated by Scott James O'Brien, CIO, Innovate UK:
💬“The role that public finance institutions are going to play in this transition is absolutely critical.”
🎤Dr Rhian-Mari Thomas OBE, CEO, Green Finance Institute
💬"Our message is clear: make sure you approach us as early as possible."
🎤James Emmett, COO, UK Infrastructure Bank
💬"We seek positive change from the investments we make."
🎤Mark Munro, CIO, The Scottish National Investment Bank
Our 4th panel moderated by Matt Townsend, Partner, A&O Shearman:
💬"What we're trying to do is catalyse capital into those technologies."
🎤Chris Leeds, Exec Director, Head of Carbon Markets Development, Standard Chartered
💬"We need to make sure this scenario is nature proof and people proof."
🎤Giulia Carbone, Director, Nature for Climate, WBCSD – World Business Council for Sustainable Development
💬"Technology risk is something that can be handled in the insurance world."
🎤Julian Richardson, Chief Underwriting Officer, Green Solutions, Munich Re Specialty - Global Markets, UK
More to come.
#TransitionFinance #Eco #Green