Green Bonds Europe 2016

Chairman's address

Keynote 1: Financing sustainable development

• Investment implications of 2030 GHG emissions targets
• Funding the transition to a low-carbon economy
• The roles of public and private capital

James Cameron, Chairman, Overseas Development Institute; Advisory Board Member, GE Ecomagination; Former Chairman, Climate Change Capital

Keynote 2: Major issuer perspective

• Green bonds and sustainable growth
• Costs and benefits of green issuance
• Growing demands for ESG disclosure

Jeroen Dicker, Group Treasurer, TenneT

Panel session: Where are we now? Reaching maturity?

• Market size
• Main growth areas – new geographies, new bond structures
• Building a yield curve - developments in tenors, credit ratings
• Progress on standards and Green Bond Principles
• Developing a secondary market
• Green bond indexes – who's using them? How are they performing?

Panellists:
Igor Shishlov, Project Manager, Institute for Climate Economics
Michael Wilkins, Managing Director, Infrastructure Finance Ratings, Standard & Poor's Ratings Services
Nadia Taobane, Head of Structuring, Moroccan Agency for Solar Energy (MASEN)
Nicholas Pfaff, Secretary of the Green Bond Principles and Senior Director, ICMA
Moderator: Tanguy Claquin, Head of Sustainable Banking, Credit Agricole CIB

Panel session: Issuer panel (Chaired by Citi)

• What's the motivation? – attracting new, 'sticky' investors; reputation
• Costs vs. benefits of going green
• Public issues vs. private placements
• Stock exchange listing requirements
• Decisions regarding second opinions / third party verification
• Influence of standards and Green Bond Principles

Panellists:
Carl-Henrik Arosenius, Head of Investor Relations, Kommuninvest
Dennis Haring, Principal Treasury Manager, Bank Treasury, ING
Elena Panomarenko, Senior Financial Officer, IFC Treasury - Funding
Jesus Martinez Perez, Director of Funding and Treasury, Iberdrola
Moderator: Philip Brown, Managing Director, Debt Capital Markets, Citi Global Markets

Panel session: Investor panel (Chaired by BAML)

• What are the drivers behind investor response to climate change ?
• What role do Green Bonds serve in investor decarbonisation plans?
• What new challenges are investors facing?
• How are new political initiatives impacting at a practical level ?
• 'Wish-list' for the year ahead

Panellists:
Bram Bos, Senior Porfolio Manager, NN Investment Partners
Cathy Di Salvo, Investment Officer, CalSTRS
Ulf Erlandsson, Senior Portfolio Manager, AP4
Yo Takatsuki, Associate Director, Governance and Sustainable Investment, BMO Global Asset Management
Moderator: Martin Mills, Head of EMEA Product Solutions, Bank of America Merrill Lynch

Keynote 3: Funding green infrastructure

• Key role of infrastructure in climate change mitigation and adaptation
•  Scale of the challenge – $ trillions needed by 2030
• Aims and action plan of the Green Infrastructure Investment Coalition

Sean Kidney, Chief Executive Officer, Climate Bonds Initiative

Panel session: Identifying new opportunities

• Attracting mainstream investors
• Developments in disclosure and ratings
• Potential government support – e.g. credit enhancement, tax incentives, public sector issues, sovereign wealth funds, public pension funds
• Potential new bond types – covered bonds, ABS etc
• New geographies – China, India, Latin America
• New applications – water, transport, forestry

Panellists:
Johanna Köb, Responsible Investment Analyst, Investment Management, Zurich Insurance
Michael Bennett, Head of Derivatives and Structured Finance, World Bank
Jean-Marie Masse, Global Head and Chief Investment Officer, IFC
Leslie Swynghedauw, Associate, ESG Research, MSCI
Tomi Nummela, Associate Director, Investment Practices, Principles for Responsible Investment
Moderator: Ulrik Ross, Managing Director , Global Head of Public Sector & Sustainable Financing, HSBC

Panel session: Managing risks in a fast-moving market

• Investor expectations
• Verification, certification and standards
• Pros and cons of 'pure-plays'
• Pricing and liquidity concerns
• Regulations - (Solvency II, Basel III etc)
• Possibilities for credit enhancement 

Panellists:
Christopher Wigley, Senior Portfolio Manager, Responsible for Credit, Mirova
Douglas Farquhar, Principal Consultant, Sustainability & Innovation, DNV GL
Jim Long, Partner, Greentech Capital Advisors
Julia Haake, Director, International Business Development, oekom research
Moderator: Peter Ellsworth, Director, Investor Program, Ceres

Panel session: How green is my bond? - reporting on impact

• Costs & benefits
• Key metrics – CO2 and beyond
• Industry guidelines: e.g. Harmonised Framework for Impact Reporting
• Keeping it simple – risk of deterring potential issuers

Panellists:
Aldo Romani, Deputy Head of Euro Funding, European Investment Bank
Christina Hack, Vice President, Sustainability Investment Strategies, KfW
Henry Shilling, Senior Vice President and head of Environmental, Social and Governance, Moody's Investors Service
Massamba Thioye, Manager, Sustainable Development Mechanism Programme, UNFCC
Moderator: Stephanie Sfakianos, Head of Sustainable Capital Markets, BNP Paribas

Panel session: From climate bonds to sustainability bonds

• Inevitable transition or separate markets?
• Non-carbon benefits of social housing, water & forestry bonds
• Social & Sustainability Bond Appendix to Green Bond Principles
• Lessons from early movers
• Opportunities in green Sukuk

Panellists:
Andre Delgado, Lead Funding Officer, Inter-American Development Bank
Farnam Bidgoli, Manager, Advisory Services, Sustainalytics
Matthijs Pinxteren, Treasury Director, FMO
Rodrigo Robledo, Head of Capital Markets, Instituto de Credit Oficial
Moderator: Marilyn Ceci, Managing Director, Head of Green Bonds, J.P. Morgan Securities