Amid public sector initiatives to achieve the objectives of the Paris Climate Agreement, there has been a sharp growth in investors’ use of environmental, social and governance (ESG) approaches to integrate climate risks and opportunities into investment decisions. Financial markets have a critical role to play to help assess the net benefits, channel capital to entities that are transitioning to renewables, embark on a low-carbon trajectory, and provide appropriate surveillance and verification to support an orderly transition to net zero.
While noteworthy progress has been made, considerable challenges hinder the efficient mobilisation of capital. Greater comparability of climate transition metrics, as well as transparency and interoperability of climate finance and ESG approaches, are needed to support the orderly transition to low-carbon economies.
This high-level roundtable will host a panel discussion with public and private sector participants on progress, challenges and policies for financial markets to foster a low-carbon transition. To support the discussion, the roundtable will include the launch of two OECD reports:
Mathias Cormann, Secretary-General, OECD
Pierre Gramegna, Minister of Finance, Luxembourg
Moderator: Mathilde Mesnard, Acting Director, Directorate for Financial and Enterprise Affairs, OECD
Opening and closing remarks: Masamichi Kono, Deputy Secretary-General, OECD
Gelsomina Vigliotti, Director General for International Financial Relations, Department of the Treasury, Italy
Aerdt Houben, Director, Financial Markets Division, De Nederlandsche Bank and Chair, OECD Committee on Financial Markets
Matt Murray, Senior Bureau Official, Bureau of Economic and Business Affairs, United States Department of State
Steve Waygood, Chief Responsible Investment Officer, Aviva Investors
Remy Briand, Head of ESG, MSCI
Brooke Masters, Chief Business Commentator, Financial Times
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