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SSF Newsletter August 2019: Supporting the transition
 
 
Dear all
 
 

The voices calling on the financial industry to take more responsibility for the Paris climate goals have become louder over the summer. It’s not just the Swiss climate youth movement that raised their expectations, but also Swiss Parliament, which included clear stipulations on the role of the financial industry in a proposition for the Swiss climate law. Finally, yesterday's announcement by the Swiss Federal Council to reduce carbon emissions to net zero by 2050 marks an even more prominent signal. At the same time, global developments regarding our climate are not very encouraging: The massive forest fires in the Amazon again illustrate the urgency of action.

 

The financial industry is well aware of its responsibility and has accelerated measures in the past years. Yet, more concerted action is needed to achieve the ambitious global goals. Financial Centres for Sustainability (FC4S), of which both Geneva and Zurich are members, was set up as a global platform for financial centres willing to contribute to these goals. This October, FC4S will hold its annual meeting in Geneva – a reason for local and national players to organise a landmark symposium that aims to build bridges between international organisations, NGOs and the financial world. Let’s hope these bridges help steer capital towards climate solutions at a faster pace.

 

Kind regards,

 

Sabine Döbeli

CEO Swiss Sustainable Finance

 
 
 
Content
 

SSF activities at a glance

Regulatory and market news

New members joining SSF

Join these events

SSF and sustainable finance in the media

New reports & studies

 
 
 
SSF activities at a glance
 

 

Consultation on EU Benchmarks and Taxonomy reports

 
 

SSF participated in the consultation processes on the reports published by the TEG on 18 June 2019 under the EU Action Plan on Financing Sustainable Growth. In coordination with its members, SSF submitted feedback on Climate Benchmarks and Benchmarks' ESG disclosure, and is in the process of providing feedback on the usability of the Taxonomy. More information here.

 

Dialogue with Index Providers on Controversial Weapons Exclusions

 
 

Since the launch of the initiative in February, SSF, together with initiative signatories, has engaged with six index providers to discuss the request to exclude controversial weapons from mainstream indices. The initiative counts 172 signatories representing USD 9.1 trillion and is still open for further signatories.

 

Principles for Responsible Banking: Webinar and First Signatories

 

 
 

On 8 August, UNEP FI and SSF held a webinar on the Principles for Responsible Banking (PRB). The PRB provide a framework for a sustainable banking system and will be launched during the UN General Assembly in September in New York. With Bank J. Safra Sarasin, Credit Suisse, Globalance Bank, Julius Baer and UBS, five Swiss banks have so far joined the initiative as founding signatories. More on the PRB

 

Read more about these and other SSF activities

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Regulatory and market news
 

 

Swiss news

 

International initiatives

Market trends

 

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New members and network partners
 

We are happy to welcome the following organisations to our network:

 
 

BearingPoint AG (Service provider)
BVK (Asset owner)
Fisch Asset Management AG (Asset manager)
Sustainserv GmbH (Service provider)
Utilita Anlagestiftung für gemeinnützige Immobilien (Asset owner)
VERIT Investment Management AG (Asset manager)

 

The full list of our members and network partners, now standing at 134, can be found on the SSF website.

 

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Join these events
 

 

Upcoming SSF events:

Other sustainable finance events

 

Further events are currently being planned – more information soon on our website

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SSF and sustainable finance in the media
 

Visit our website for more articles and regular updates

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New studies & reports
 

Read these and other reports in our Digital Library on Sustainable Finance

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Join our network of members and partners! Find out how here.

 

Follow us on Social Media

>Twitter @SwissSustFin

>LinkedIn Swiss Sustainable Finance

 
© Swiss Sustainable Finance
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