Finance that drives sustainable performance
09:20 - 10:00
According to the Business and Sustainable Development Commission, sustainable business models can unlock new market opportunities worth US$5 trillion by 2030 in Asia alone. Investors and financiers alike are increasingly focusing on companies that are embracing more sustainable practices. According to the Climate Bonds initiative, US$168.5 billion in green bonds were issued in 2018, and this is expected to rise to more than US$250 billion in 2019.
In recent years, HSBC incorporated a No Deforestation, No Peat and No Exploitation (NDPE) requirement into its Agricultural Commodity Policy; BNP Paribas announced it would use $10 billion in capital by 2025 for projects that are committed to improving social and environmental impact in developing countries; and The World Bank doubled its five-year climate investments to around US$200 billion. Similarly, in 2017, Wilmar International become the first company in Asia to take a loan with interest rate pegged to its sustainability efforts.
However, the impact of this growing interest in sustainable finance remains unclear and there is still no real consensus on how to measure it.
In this session, we will assess how finance is engaging in sustainable commodities and ask our speakers questions such as:
- Has sustainability finally started to take centre stage within financial institutions?
- Which sustainable financing options are now available?
- How are investors factoring climate impacts into their decision making?