Luxembourg 2019 Digital Edition

Program

Make waves on mainstreaming sustainable finance.

30 NOVEMBER
09:00
10:15
11:45
11:55
14:00
15:45
17:15
Time based on Luxembourg City: CEST (GMT+1)

Luxembourg now:

Meet Some of Our Speakers

Pamela Castillo Barahona

Gautier Quéru

Land Degradation Neutrality Fund and Mirova

Carole Dieschbourg

Minister for the Environment, Climate and Sustainable Development of Luxembourg

Jennifer Pryce

Calvert Impact Capital

Antoine Sire

BNP Paribas

Martin Berg

Climate Asset Management

Mariem Dkhil

Credit Agricole of Morocco

Frank Mars

Mars Incorporated

Pauline Nantongo Kalunda

EcoTrust

Edit Kiss

Revalue Nature

Yahya Rachmana Hidayat

Ministry of National Development Planning/Bappenas

"The event has shown us both the policy side – tenure reforms, PES and so on, and the innovative financing needed to mobilise more private sector funding for sustainable landscapes."

Karin Kemper
Senior Director for the Environment and Natural Resources Global Practice, World Bank

"The big issue is how we create an asset class the traditional financial market can invest in, the way we did it with renewable energies. To move billions we need to start collaborating effectively. To achieve this, each actor needs to understand his role in the financial supply chain."

Jennifer Pryce
President and CEO, Calvert Impact Capital

"As a person who works in sustainable land management (SLM), the GLF event gave the opportunity to understand better what investors want from SLM."

Survey respondent

What’s on The Agenda?

The conference will specifically focus on practical business cases in the land use domain that work, but which need to be upscaled for more widespread positive impact. It also allows participants to interact with speakers and other delegates in a variety of ways, including by attending a mock Dragons’ Den, meeting other participants in smaller settings through a pop-up World Café or learning about new and emerging funds that are incubated by Luxembourg’s International Climate Finance Accelerator. This knowledge can be used to foster more meaningful and effective investments, avoid and overcome potential risk, and advance global goals toward sustainable financial activities. Conference objectives include:

01

Tropical deforestation and agricultural production accounts for roughly a quarter of global greenhouse gas emissions. With 2.6 billion people dependent on agriculture for their livelihoods, the shift towards more sustainable production, sourcing and trading is vital.

02

A growing number of firms – including those united under the Consumer Goods Forum such as Unilever and Nestlé – have made commitments to deforestation-free sourcing of products and raw materials. Despite this positive step, there is a gap between commitment and action.

03

Finance will also play a critical role, in particular the capacity of public and private finance, sometimes blended, to support new business models and unfamiliar risks. The financial sector lags in recognizing the global environmental threats that unsustainable land use poses.

04

Identifying financial risks related to unsustainable land use, including asset stranding, debt defaults and reduced returns across of asset classes, including corporate loans, public and private equity and sovereign bonds.

05

Shifting financial flows to sustainable land use models that are economically viable. Agricultural and financial sector firms must form networks to mirror cross-sectoral transformational shifts towards climate-smart production models.

06

Public finance is needed to transition toward climate smart land use in the form of junior or subordinate capital, credit guarantees and subsidies. In order to achieve scale, this public investment should be blended with senior capital from commercial investors to mitigate risk.

Organizations that engage with GLF

Contacts

GENERAL INQUIRIES

Kamal Prawiranegara

GLF Global Coordinator

k.prawiranegara@cgiar.org

MEDIA INQUIRIES

Melissa Angel

Communications Coordinator

m.kayeangel@cgiar.org

NETWORKING & PARTNERSHIPS

Nina Haase

Engagement and Growth Coordinator

n.haase@cgiar.org