Delivered in collaboration with McKinsey, this session, hosted by the Climate Governance Initiative's Financial Sector Hub, helps non-executive directors of financial institutions understand how such institutions can assess their clients’ climate transition plans.
There is a strong consensus that this is a fundamental next step for Financial Institutions with Net Zero targets and many have already started to develop such capabilities. At present, however, the level of information disclosed by clients is not sufficient to properly conduct such assessments, and there is still lack of clarity on what is considered adequate to get client companies aligned with Net Zero. This seminar debates how financial institutions can proactively engage with clients to enhance transparency on transition plans, how they can gauge the adequacy of such plans, and what are the key tools and the related challenges.
This event was hosted by Francesca Tondi Guy, former banker, and non-executive Director and ESG Committee Chair of UniCredit Group and of Piraeus Bank, and moderated by Karina Litvack a fellow FS HUB steering committee member, as well as Chair of the Climate Governance Initiative Board, with expert contributors:
- Simona Viscardi, Partner, McKinsey & Company Europ
- Shally Venugopal, Partner, McKinsey & Company North America
- Yulanda Chung, Head of Sustainability, DBS
- Daniel Hanna, Head of Sustainable Finance CIB, Barclays
- Alan Haywood, Senior Vice President ESG, BP