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SSF Newsletter October 2016: A wave of political support
 
 

The last two months have brought impressive developments with the G20 Leaders stating that “green finance needs to be scaled up” and the EU setting up a sustainable finance expert group.

 

As the Paris Agreement will come into force on the 4 November 2016, with Brazil, China, USA, India, and most recently the EU as well as Canada having ratified it, pressure is building up and national governments will increasingly seek to encourage sustainable finance via policies and regulations.

 

In Switzerland, the momentum is building up more slowly as confirmed by the latest SFI study. However, what can be noted is that the role of the financial sector has been included in the comments on the revision of the CO2 law, which is the basis for the implementation of the Paris Agreement in Switzerland. Generally, our country relies on private sector initiatives for next steps in the integration of material sustainability factors.

 

SSF's next important initiative will be the publication of a handbook on sustainable investments for institutional investors by the end of November. We are convinced this will be an important instrument to support a further adoption of long-term principles in investments.

 

Kind regards

 

Sabine Döbeli

CEO Swiss Sustainable Finance

 
 
 
Content
 

SSF activities

Regulatory and Market News

SSF and sustainable finance in the media

New members joining SSF

Save these dates

New studies & reports

 
 
 
SSF activities
 

Read short summaries of our activities here and gain more insights on our website

 

Quantifying natural resource risks for lending and investment decisions, 3 October 2016, Zurich

 
 

120 professionals from 80 institutions came together at an event co-organized by SSF, the Natural Capital Declaration (NCD), SECO and sponsored by UBS. The event brought together expert speakers and panellists to discuss how addressing the hidden and externalized costs of resource consumption in different sectors will be increasingly pertinent for the

 

financial industry in order to better understand credit risk, protect investment returns and improve insurance industry resilience to a changing operating environment. Read more

 

 

SSF present at SFI Annual Meeting: Sustainable Finance Moving Center Stage, 4 October 2016, Zurich

 

At the annual SFI (Swiss Finance Institute) meeting, Sabine Döbeli, CEO SSF, took part in a panel discussion on Long-Term Investing: Good intentions versus short-term behavior. With her on the panel were Dr. Guido Fürer (Group CIO, Swiss Re), Prof. Philipp Krüger (University of Geneva and Swiss Finance Institute) and H.S.H. Prince Max von und zu Liechtenstein (CEO, LGT). The animated panel discussion was moderated by Reto Lipp (Schweizer Radio und Fernsehen SRF) and touched on topics around the mainstreaming of sustainable finance and what can help, as well as hinder, the process. Read more

 

 

SSF was also part of many other events and discussions

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Regulatory and Market News
 

Below you find some of the most prominent topics over the last 2 months.

 

Swiss news

The Federal Council announced the consultation opening of the new climate policy, the ratification of the Paris Agreement and the Swiss integration to the European Emissions Trading System (EU ETS). During the media conference Federal Councilor Doris Leuthard mentioned the importance of “greening the financial flows” and the centrality of the financial system in order to achieve these international goals. In the explanatory report (Erläuterungsbericht/rapport explicatif/rapporto esplicativo) the federal institutions explain first measures for how sustainable finance could be scaled up.

 

Please also see our comprehensive overview under “Swiss Essentials"

 

International initiatives

  • G20: The Green Finance Study Group submitted its Synthesis Report to the leaders of the G20. This Report was based on 14 input papers, drafted by a variety of organisations such as the IMF, OECD and the BIS, one of them drafted by the Swiss State Secretariat for International Finance (SIF). On September 4/5 the annual meeting of the G20 was held in Hangzhou. For the first time “green finance” appeared as a core focus of the final Communiqué, emphasizing the importance to scale up efforts as well as defining action points.
  • EU: The action agenda for the capital market reform has been announced. Green finance was stressed with a new expert group to be created on the European Level to “create a comprehensive strategy on sustainable finance." The Commission “will also adopt non-binding guidelines on the methodology” used by all companies to report on ESG issues to investors and consumers. Furthermore, EUR 200 billion will be channeled into low carbon investments by the European Fund for Strategic Investment.
  • The Peoples Bank of China and six other agencies jointly issued “Guidelines for establishing a green financial system” in China.

 

Market: thought leaders in finance

 

Market trends

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SSF and sustainable finance in the media
 

 

Visit our website for regularly updated articles on SSF and sustainable finance

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New Members and Network Partners
 

We welcome the following organisations as new SSF members or network partners:

 
 
  • APC Group SA

  • Swiss Association for Responsible Investments (SVVK-ASIR)

  • VP Bank

A full list of our members and partners can be found on the SSF Website.

 

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Save these dates
 

Upcoming SSF Events or with SSF contribution

 

Other Events

Further events are listed on our website

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New reports & studies
 

Reports you should not miss.

 

Read these and other recent reports

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Best regards

 

The SSF team

 

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© Swiss Sustainable Finance
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