Buenos Aires, July 18 2018.
Advancing Sustainable Finance
Date: 18 July 2018
Location: BCBA, Sarmiento 299, Buenos Aires, Argentina
OBJECTIVE
To emphasize the importance of sustainable finance in achieving the objectives of the G20 as well as world-wide objectives such as the Sustainable Development Goals and the Paris Agreement. Issues to be addressed:
- Declaration of importance of Sustainable Finance, addressed to the G20-B20
- What role can stock exchanges and capital market participants including institutional investors and issuers play in developing a sustainable market in their economy?
- What is the appropriate role for regulators to ensure the sustainability of capital markets and development of sustainable and green finance products?
- What are the main challenges and opportunities for sustainable capital markets?
- De-Risking Development Finance
PROGRAM
High-level speakers to include CEOs of Stock Exchanges, institutional investors, Capital Market Regulators and subject matter experts.
Master of Ceremonies: Mrs. Cecilia Luchia-Puig, Director of Líderes TV
08:30 to 09:00: Accreditation
09:00 to 09:10: Welcome Comments – Mr. Adelmo Gabbi- President of Buenos Aires Stock Exchange (BCBA)
09:10 to 09:30: Comments from the Mexican Ambassador in Argentina: Mrs. Mabel Gomez Oliver
09:30 to 09:40: Opening Comments: Mr. Ruben Mercado, Senior economist of UNDP: “Investments, Incentives and Instruments for Sustainable Development”
09:40 to 10:15: First Panel (Roundtable discussion):
FINANCIAL SECTOR INVESTING IN GREEN ASSETS: Stock Exchanges and Financial Regulators
Description: Unlocking innovative forms of financing and redirecting existing financial flows towards sustainable development will be essential to achieve the Sustainable Development Goals (SDGs) and the Paris Agreement in a world that is reaching its environmental planetary boundaries. The world will need between $5 trillion and $7 trillion annually to finance the SDGs and public money will not be enough without the mobilization of private finance and investment as a complement to public sector investment and funding. In this panel we will discuss how the Stock Exchanges and Governments can be aligned to achieve this. What are the barriers and hurdles ahead? How are they facing the challenge of uniting public and private investors around new concepts, solutions, and investable instruments that go beyond the important arena of green finance and begin to address SDG needs for which there are few vehicles at the scale needed to attract mainstream finance?
The main themes of the session and conversation are:
- The role of the Stock Exchanges in sustainable finance: How exchanges can accelerate the growth of the green bond market? How are they preparing to attract investors? What are the solutions and barriers they are facing? How can stock exchanges improve liquidity of green assets to the market? Possibilities of alliances to work on sustainable finance. A way forward: improve transparency, guidelines, listings, etc
- The role of Governments and financial regulators in sustainable finance. Identifying the specific policies, measures or regulatory reforms that could be sought from governments and financial regulators to scale sustainable finance market catalyze an expanded flow of capital into climate-smart infrastructure.
Panel moderated by Marcos Mancini, UNEP FI
- Claudio Zuchovicki, Capital Markets Development Director, Bs As Stock Exchange (BCBA)
- Eduardo Piquero, MexiCO2 / Mexican Stock Exchange (Grupo BMV)
- Rocio Balestra, Argentinean regulatory entity (CNV)
10:15 to 10:40: Keynote speaker: Mr. Juan Manuel Olivo, Mexican Stock Exchange (Grupo BMV)
“The role of the Stock Exchanges: Case of Mexico”
10:40 to 11:00: Coffee Break and Networking
11:00 to 11:45: Second Panel (Roundtable discussion):
FINANCIAL SECTOR INVESTING IN GREEN ASSETS: Banks (Development and Commercial), Institutional Investors, Corporations, SMEs
Description: As mentioned above, public money will not be enough without the mobilization of private finance and investment as a complement to public sector investment and funding. The challenge is to involve the critical trillion-dollar financial and investment sub-sectors – including public pension funds, corporate pension funds, institutional asset managers, banks, corporations and insurers. There are great challenges ahead: first, short-termism continues to plague so much of business and investment decision-making. This is not in the long-term interest of the private sector, and certainly is not in the long-term interest of the world and the planet. Second, we must innovate like never before. In this panel we will discuss how different types of investors are approaching sustainable finance, what are the barriers, the strengths, de-risking issues involved and future opportunities.
The main themes of the session and conversation are:
- The role of Institutional Investors towards sustainable finance: Barriers, how can regulatory issues help, present situation in Argentina.
- The role of Banks, development and commercial: opportunities for investments, barriers, type of projects, size, securitization, technical capacity.
- The role of corporations, SMEs: Access to finance, size of projects, technical capacity.
Panel Moderated by Eduardo Piquero, MexiCO2 and Grupo BMV
- Aleandra Scafati, Sustainable Finance columnist in radio programme Willy Kohan (FM Millenium)
- Vanina Messere, International Relationships, BICE Bank
- Adrian Cosentino, Former Finance Secretary and Director of Max Valores
- Alejandro Diz Ramos, CAME advisor (Argentinean Confederation of SMEs)
11:45 to 12:30: Third Panel (Roundtable Discussion):
GREEN BONDS: FUTURE IN LATIN AMERICA AND POSSIBILITIES FOR ARGENTINA
Description: The Latin American green bond market has exceeded USD 10 Billion issued since its first issuances. 2017 has been an exceptional year with the value of issuance doubling, credit ratings agencies joining the market, new geographies and industry sectors coming to market for the first time, innovative bond structures being launched and significant pricing advantages being reported in Argentina, Brazil, Chile, Colombia and Mexico. This session will look at the drivers and challenges and discuss how it presents an excellent opportunity for Argentina as the market matures.
The main themes of the session and conversation are:
- Understanding the attributes of Green Bonds that have led to the dramatic growth globally in use of this type of financial instrument during the last five years – what are the promises and pitfalls (if any) in the Latin American market?
- How Argentina can utilize this opportunity to attract investments?
- Discussing confidence in the market (green quality, value of green, transparency etc.) and what can be done to increase investor confidence in the Green Bonds market
Panel moderated by Alejandra Camara, Genesis Director and BCBA Sustainable Finance Advisor
- Thatyanne Gasparotto, Latam coordinator for the CLIMATE BONDS INITIATIVE
- Douglas Elespe, Director in FIX rating agency (FITCH ratings affiliate in Argentina, Uruguay and Paraguay)
- Martin Furmanski, Loans and project investements in GALICA Bank
- Arturo Palacios, CARBON TRUST, Greenbond Verifier
12:30 to 12:45: Closing comments: BCBA, GENESIS and MEXICO2
- Declaration of importance of Sustainable Finance, addressed to the G20 and B20
- Launch of spanish version of “Green Finance Report for Sustainable Stock Exchanges” from the Sustainable Stock Exchange Initiative.
- Carbon Neutral Event