Since COP21 and the Paris Agreement, a number of financial actors have taken significant and concrete measures to mainstream climate issues into their strategies and operations. Others are gearing up to join the movement. On this basis, the financial community is taking forward its action and is seeking to accelerate the necessary massive redirection of public and private financial flows towards sustainable, low-carbon and climate-resilient development pathways.
On 11 December in Paris, in the context of the Climate Summit organized by the French Government, a day of exchanges on climate finance will gather the main actors from the international financial community. The Mainstreaming! event will take place in the morning and focus on the integration of climate change considerations by financial institutions worldwide. This will be followed in the afternoon and in the same premises by the Climate Finance Day, organized by Finance for Tomorrow, Paris EUROPLACE and the French Ministry for the Economy and Finance, and devoted to the most recent and promising innovations in regulation, financial products and services to accelerate climate-smart action.
The morning event, proposed by the International Development Finance Club (IDFC), the Climate Action in Financial Institutions Initiative and Agence Française de Développement, will be devoted to Mainstreaming!
During COP21, 5 Voluntary Principles were launched for Mainstreaming Climate Action within Financial Institutions. Two years on, how public and private financial actors from the North and South have mainstreamed climate considerations in practice? What headway has been achieved in strategies, climate risk management, financial products and tools, and in terms of transparency and accountability? What are the ambitions for the coming years? How can the initiative help all financial institutions act to make climate change a core business consideration?
In the context of the Climate Summit organized by the French Government on 12 December 2017, this event aims to show that climate mainstreaming by the financial community is possible and encourage new actors to join the movement.