Events

How ESG can help banks tackle data challenges & regulatory risks

17 October, 2023, 4pm – 8pm,
One Creechurch Place, London, EC3A 5AF

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Join Temenos, The Disruption House, Protean Risk, and Reset Connect for this exclusive event to explore how ESG support for clients is a pathway to net zero, better risk management, and meeting regulatory obligations.

133 Banks from 3 countries with US$74 trillion of assets representing 41% of global banking assets have signed up to the Net Zero Banking Alliance.

This commits them to:

• Transition the operational and attributable GHG emissions from their lending and investment portfolios to align with pathways to net-zero by 2050 or sooner.
• Within 18 months of joining, set 2030 targets (or sooner) and a 2050 target, with intermediary targets to be set every 5 years from 2030 onwards.
• Banks’ first 2030 targets will focus on priority sectors where the bank can have the most significant impact, ie. the most GHG-intensive sectors within their portfolios, with further sector targets to be set within 36 months.
• Annually publish absolute emissions and emissions intensity in line with best practice and within a year of setting targets, disclose progress against a board-level reviewed transition strategy setting out proposed actions and climate-related sectoral policies.
• Take a robust approach to the role of offsets in transition plans.

A material percentage of the Bank loan book will be to SMEs, making SME emissions data an essential data set to understand and achieve Net Zero. And while providing emissions data is not always a priority for the majority of SMEs, ESG support, including Sustainability-Linked Lending, is the route to getting it.

Join your peers and colleagues for an engaging afternoon of discussion, learning and networking as we shine a light on how Financial Services, Lenders and SMEs can work together to better understand and manage current and emerging ESG obligations.