Ethical Finance Round TablePath to COP26 - Financing a Green Future Round Table

Thursday 27th February 2020, 12pm – 2pm
Baillie Gifford (Main Office), Calton Square1 Greenside Row, Edinburgh, EH1 3AN


This Edinburgh Ethical Finance Round Table was hosted by Baillie Gifford to explore the role financial institutions are playing in the transition to a low-carbon and climate-resilient economy.

Later this year the eyes of the world will be focused on Scotland when senior politicians from across the globe convene at COP26 in Glasgow to negotiate the acceleration of efforts to tackle climate change.

Climate change is a large, systemic financial risk that will change asset values as investment moves away from high carbon assets towards a low carbon economy. According to UNEP FI the climate transition will require additional investment of at least $60 trillion from now until 2050. For financial institutions to become enablers and catalysts they must therefore understand the commercial risks and opportunities implied, and know how to act on them.

Perspectives shared by the former climate lead at the European Investment Bank, which has invested over a trillion euros since its establishment in 1958 and recently launched an ambitious new climate strategy and Energy Lending Policy, as well as Lloyds Banking Group, the UK’s largest financial services group with a sustainability strategy aligned with both the Paris Agreement and the UK Government’s Net Zero ambition.

This session forms part of our “Path to COP26” integrated year-long campaign

Date

Thursday 27th February 2020


Timings

12pm – 2pm (a buffet lunch will be available from 12pm – 12.20pm)


Registration

Completed.

Speakers

Jonathan Taylor

Jonathan Taylor

Climate Finance Advisor and former Vice President, European Investment Bank

Prior to leading the European Investment Bank’s climate action and environmental lending work globally Jonathan was Director General of Financial Services and Stability at HM Treasury. Jonathan is therefore well placed to introduce the climate emergency and associated financial risks. He will also draw on his participation at 6 previous COP meetings to highlight the opportunities and challenges for COP26 in Glasgow.

Gary Lapthorn

Gary Lapthorn

Head of Sustainability & Responsible Business, Commercial Banking - Lloyds Banking Group

Gary will then discuss Lloyds Banking Group’s response to the climate change outlining the bank’s approach to developing policies and climate-aligned solutions that help to finance a green future at the same time as complying with new regulations and meeting consumer demand.

Venue

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