Since 2018 and the framing of initial approaches for Paris Alignment by leading public and private institutions, the Climate Action in Financial Institutions Initiative acts as a major international forum for financial institutions professionals to exchange on the development and implementation of emerging practices on Paris Alignment and connect the dots between both public and private financial institutions, but also with think tank experts and other stakeholders.

While the topic of ‘alignment’ with the Paris Agreement and more broadly the Sustainable Development Goals will be a main topic of discussion of the Finance in Common Summit, this workshop aimed to continue the series of technical exchanges between financial institutions’ practitioners on the rolling out of their approaches, which started at COP24 in Katowice.

Audience: Representatives of Supporting Institutions of the Climate Action in Financial Institutions Initiative and invited experts.

EXPERT WORKSHOP ON PARIS ALIGNMENT

November 13th – 13:00-15:00 CET

Moderator: Ian Cochran, Head of the Secretariat, Climate Action in Financial Institutions Initiative

13:00 – 13:10  Welcome & Introduction Ian Cochran, Head of the Secretariat, Climate Action in Financial Institutions Initiative

13:10 – 13:25 Tour de Table

13:25 – 14:30 Experience sharing roundtable discussion on emerging practice on Paris Alignment from financial institutions: Financial institutions will be invited to share lessons learned from their experience, recent developments and challenges faced, as well as questions for others in a round-table format.

  • Update on latest developments in the MDBs approach
  • Update on latest developments in the IDFC approach
  • Update on latest developments in commercial banks approaches (UNEP FI)

14:30 – 15:00  Future Work and Challenges on Alignment

Key highlights of the workshop:

  • The momentum on alignment is there, with a growing number of financial institutions committing to align and growing expectations from different stakeholders on the development of methodologies for alignment. This will be the priority of many coalitions and groups of financial institutions in the run up to COP26
  • Discussions on the ‘how’ of alignment increasingly recognize the need to look across all of an institution’s activities– as such building on efforts and experience on climate mainstreaming are key
  • There is a need for further collaboration on the development of methodologies to assess the alignment of intermediated finance
  • The link between climate risk management and alignment approaches need to be further explored, with a distinction between different forms of overlap between alignment approaches and those implemented to manage mitigation/transition risk and adaptation/physical climate risk.

If you want to know more about the event, please contact the Climate Action Secretariat: : contact@mainstreamingclimate.org