The financial sector stands at a crossroads of change: Since the 2008 global financial crisis, the role of finance in building equitable, sustainable economies has been debated across societies. Set amid this backdrop is the rise of sustainable finance, which allocates capital with an environmental, social and governance (ESG) lens to create long-term value. Despite the encouraging momentum however, the deployment of private capital for sustainable finance remains relatively small.
According to the Business and Sustainable Development Commission, sustainable development in Asia will require US$5 trillion of investments to address complex challenges of climate change, growing inequality and rising urbanisation by 2030. How can the finance industry accelerate the responsible deployment of capital for these solutions in a rapidly growing region?
Our expert, Ben Peel, will be speaking at the event.
Ben provides consultancy to companies on both ongoing carbon management and long term strategy planning. His work focuses on making the link between climate science and business decision-making, to help corporates deliver commercial outcomes consistent with sustainable growth and development. He is a technical lead on science-based target setting and has worked with companies in the commercial property, insurance, telecoms, food & drink, industrial and retail sectors to develop their targets. He has significant experience in developing strategies for decarbonising global corporate supply chains, including serving as a co-author for the CDP Supply Chain Report 2017.
Ben has developed tools to assess the financial opportunity and risk to companies from a low carbon economic transition. This includes the creation of bespoke decarbonisation scenarios, including models consistent with holding global warming at no more than 1.5°C . He has also supported companies in their response to the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD), advising them on effective implementation and disclosure approaches. Ben has also provided assurance services in the green bond market, covering both Second Party Opinions and certification to the Climate Bonds Standard.