Past SSF Events 2017

26 January 2017, Behind the scenes - the final TCFD report and its consequences for the financial sector

The Taskforce on Climate related Financial Disclosure (TCFD) was established by the Financial Stability Board (FSB) and mandated to produce recommendations for voluntary climate-related financial disclosures which provide decision-useful information to lenders, insurers and investors. In December 2016, the TFCD released their second report with recommendations on climate risk disclosure. The recommendations could drastically change the way companies and investors deal with climate risk disclosures.

SSF gave its members the opportunity to hear first-hand from TCFD member Andreas Spiegel (Head Group Sustainability Risk, Swiss Re, and member TCFD) about the content of this important report and its consequences for the financial sector. Andreas provided background information on the process in defining the relevant key-performance indicators and best ways to use them in financial decision making.

Download the presentation

Two reports with relevant content on carbon disclosure and performance that were mentioned during the webinar:

Global 3500 Greenhouse gas performance 2010-2015

The Emissions Gap Report 2016


 

16 January 2017, Conférence et table ronde: Investisseurs institutionnels et finance durable - concilier performance financière et attentes de la société

On 16 January, Swiss Sustainable Finance held an event in Lausanne to present the SSF handbook to its members and other interested parties in the Romandie. Jean-Daniel Gerber (President, Swiss Sustainable Finance) welcomed the audience of over 100 professionals and introduced the keynote speaker Prof. Jacques-André Schneider (Professor of Law, University of Lausanne).

 

Prof. Schneider illustrated the evolution of responsible investment in the US using the example of TIAA-CREF, a large pension fund the size of the entire second pillar market of Switzerland. While at first this pension fund had to defend its ethical criteria against the fiduciary duty argument, regulation evolved to the point that ESG factors turned into an aspect that nowadays belongs to careful risk management.

Following the keynote, Jean Laville (Deputy CEO, Swiss Sustainable Finance) presented the SSF handbook. He emphasized that this comprehensive publication can be used by asset owners to increase their knowledge on the topic and gain insights to help them take a stance in the area of sustainable finance. The launch of the French version marks an important milestone for sustainable finance in Switzerland, as the handbook can serve as a point of reference for the definition of different approaches available in the Swiss market. Jean thanked the over 30 contributors from the SSF members' base highlighting that the publication would not have been possible without them.

Afterwards, a diverse panel moderated by Angela de Wolff (Co-Founder, Conser Invest, Vice-President, Swiss Sustainable Finance) discussed how to balance performance and expectations of society. Anne Gloor (Founder and Board Member, PeaceNexus Foundation), Pascale Pfeiffer (Head of Sustainability and Art, Mobiliar) and Jean-Rémy Roulet (President, Swiss Pension Fund Association (ASIP)) shared their experiences with developing their own sustainable investment policies and debated barriers and opportunities associated with the setup of their policies. Pascale Pfeiffer explained that having a clear mandate as an internal sustainability specialist helps to work with colleagues from asset management on the practical implementation of the sustainable investment policy. She further admitted that peer pressure was always useful to speed up the adoption.

Jean-Rémy Roulet by referring to the Minder Initiative stressed the point that making the adoption of non-financial criteria mandatory does not necessarily result in the most effective procedure. He emphasized the importance to let pension funds find their own way in how to best integrate sustainability aspects. He referred to ASIP supporting its members by preparing a short film which explains the main forms of sustainable investments and their objectives.

Anne Gloor impressively illustrated how her foundation set up a fund for peace-building, helping the foundation to strengthen the achievement of its mission. She called on asset managers to expand their offering for specific needs of different investors.

The three panellists agreed that the handbook was a useful starting point for many different investors' serving while they considered it an important next step to provide hands-on practical tools for the different levels of implementation.

Download Jacques-André Schneider's Presentation

Download Jean Laville's Presentation

Download SSF handbook on sustainable investments

Download event program

 

 

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