We are delighted to have hosted the Financing the Net Zero Transition - Takeaways from Davos 2023 webinar on January 31, 2023.
The transition to net-zero global greenhouse-gas (GHG) emissions by 2050 would require $275 trillion of investment in physical assets – and new analysis suggests that private financial institutions could facilitate as much as $3.5 trillion of annual financing between 2022 and 2050. By providing the right finance to the right place at the right time, banks and investors can drive innovation, support scaling, and avoid an unruly transition to a greener global economy. To pre-empt potential headwinds that may arise in the transition, financial institutions must establish processes, systems, and guardrails to manage risks, alongside efforts to maximize impact on climate outcomes.
The IIF’s report in collaboration with McKinsey & Company, “Financing the Net-Zero Transition: From Planning to Practice”, examines how IIF member financial institutions are rising to the transition finance challenge, as they seek to turn transition plans into tangible emissions reductions financing actions.
This webinar provided an overview of the report’s key findings, including new analysis of transition financing needs across developed and emerging economies, and case studies from IIF member firms. This session also had a special focus on key themes and outcomes from the 2023 World Economic Forum meetings – and a view on key milestones looking towards COP28.
+ Judson Berkey, Managing Director, Group Head Engagement and Regulatory Strategy, Chief Sustainability Office, UBS; Chair, IIF Sustainable Finance Working Group
+ Daniel Mikkelsen, Senior Partner, McKinsey & Company
+ Curtis Ravenel, Senior Advisor to the Co-Chair & Vice Chair, Glasgow Financial Alliance for Net Zero (GFANZ)
+ Timothy Whitehead, Vice President, Sustainable Finance Group, Goldman Sachs
Please contact [email protected] with any questions.