2° Investing Initiative will bring together experts from the banking sector to discuss ways to build understanding of impact-oriented climate commitments. The audience will be invited to participate in a debate on the technical challenges to applying these target-setting and tracking concepts for banks and review a way forward.
- Learn from banks on existing and emerging target setting concepts
- Hear from experts on how these approaches can be implemented to measure the impact of climate actions
- Influence the development of emerging tools and methodologies for designing a framework for target setting for the banking industry
The concept of companies setting sustainability goals has been an integral part of the first generation of corporate social responsibility in the 90s and early 2000s. In the context of the Paris Agreement, driven by work from the Science-Based Targets Initiative (SBTI), 2° Investing Initiative and others, this target-setting and sustainability goals framework has been developed to allow stakeholders to measure the ambition of sustainability outcomes, with a particular focus on the global climate commitments made at COP21 in Paris to limit global warming to well below 2°C. Throughout the InvECAT (Investor Energy and Climate Action Toolkit) project, 2°ii intends to provide research and educational content on these key issues.
In order to deliver actual impact in the real economy, it is critical to establish market standards on: How can targets be set in a way that helps build understanding around, and optimally incentivizes, impact in the real economy? How can we build the evidence base on the effectiveness of targets? How can portfolio alignment frameworks contribute to this process? Given our still-limited understanding around impact, how can we draw the line between what can be set, done and publicly shared? During the workshop, 2°ii will present its briefing paper on the perspectives on moving towards an impact-oriented target-setting framework.
- Stanislas Dupré, Founder and CEO of 2°Investing Initiative Network
- Jakob Thomä, Managing Director at 2°Investing Initiative
- Emmeline Stein, Project Manager at 2°Investing Initiative
The debates will be moderated by Stan Dupré, Jakob Thomä and Emmeline Stein, with active participation from banking industry members.
This event is part of the Climate Finance, Investment and Carbon Pricing program of Climate Week NYC.