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Day 5

Finance/Trade/Gender Equality/Accountability

Financed Emissions 

Event Name: Challenges in Estimating Financed Emissions: Special Focus on Data Quality

Date: 4th of December

Time: 10:00 - 11:00

Location: Green-Zone ENBD Pavillion

Description:

Financial Institutions (FIs) globally are assessing the emissions resulting from their lending and other operations. However, the precision of these estimates hinges largely on the quality of the input data. The Partnership for Carbon Accounting Financials (PCAF) provides a Financed Emissions Standard, serving as a framework to gauge and enhance data quality progressively. The highest data quality tiers involve direct collection of carbon footprint data from a diverse set of clients like SMEs and corporates, each presenting its unique set of challenges. How do FIs plan to tackle these issues? What are the prerequisites in terms of data and software? Join us in this panel discussion as representatives from PCAF and signatory financial deliberate on the current scenario and chart the way forward.

Moderator:

  • Dr. Eyüphan Koç - Cofounder, Chief Research, and Impact Officer, Erguvan

Speakers:

  • Amit Puri - Global Head of Sustainable Finance, Standard Chartered
  • Eslam Mahdy - MENA Regional Lead, PCAF (Partnership for Carbon Accounting Financials)
  • Beril Oğuz - Financial Institutions and Sustainability Coordination Group EVP, DenizBank

Green Transformation

Event Name: The Green Transformation of the Economy: Role of the Sustainable Finance Frameworks to facilitate a Just Transition

Date: 4th of December

Time: 11.30 – 12:30

Location: Green-Zone ENBD Pavillion

Description:

Governments around the world, including Türkiye, is planning to enact new regulations, which will in turn incentivize FI’s to finance green projects. These issuers (or borrowers) create their own Sustainable Finance Frameworks to define the extent to which their definition of ‘’sustainable’’ reach. These topics are almost always aligned with internationally recognized standards and principles laid out and updated by Loan Markets Association and International Capital Markets Association. Also the issuers (or borrowers) are obligated to receive a second party opinion from a reputable ESG rating agency. Therefore, impacts of the projects financed by Institutions, in line with their respective frameworks, are trickle into specific Sustainable Development Goals and therefore comparable. This in return attract impact investors and supranational with clear sustainable investment strategies, which create demand for sustainable bonds/loans. In this panel we are looking to explore the ways in which various Investing and Issuing institutions’ vision differ or align on the sustainable bond market. How could multilateral talks between these parties, help charter a way to affluence and environmental prosperity.

Moderator:

  • Bora Böcügöz - Treasury, Financial Institutions and Investment Group EVP, DenizBank

Speakers:

  • Hitesh Asarpota – Chief Executive Officer, EmiratesNBD Capital
  • Yiğit Korkmaz - Ministry of Treasury and Finance, Director General of the Debt Office
  • Rahul Sheth - Capital Solutions Executive Director, Standard Chartered Bank
  • Maya Hennerkes - Director for Green Financial Systems, EBRD

EU-CBAM Preparedness

Event Name: National and Sectoral EU-CBAM Preparedness: Role of Domestic ETSs in Third Nations

Date: 4th of December

Time: 17:00 – 18:00

Location: Green-Zone ENBD Pavillion

Description:

In this comprehensive panel discussion, we will dive deep into the readiness for the EU's Carbon Border Adjustment Mechanism (EU-CBAM) and its widespread implications. Exporters in third nations need to grasp the changing landscape swiftly: what awaits them, the immediate steps they should take, and the data and software requisites. We will delve into the potential of decarbonization investments in key CBAM sectors and explore how they can be instrumental in maintaining a competitive edge. An eye on the future reveals the increasing importance of maritime and other transportation emissions. But what does this mean for the global supply chain? As costs shift, so might the global logistical map. Climate-tech startups are emerging as pivotal players in CBAM readiness. We'll shed light on their invaluable role and how their innovative solutions can be game-changers in this arena. Financial institutions and banks also have a crucial part to play, and we'll discuss their potential contributions to smoothening the transition. A special focus will be on the impact of domestic Emission Trading Systems in third nations. How will such systems influence the broader CBAM dynamics? Overall, this will be an insightful conversation and unravel the complexities of the EU-CBAM preparedness.

Moderator:

  • Ebru Dildar Edin, Chairperson BCSD Turkey and Fibabanka Board Member

Speakers:

  • Winston Beck - Head of Government Affairs, Heidelberg Materials
  • Richard Bregonje - Middle East Energy, Utilities & Resources Tax Leader, Partner, PWC
  • Beril Oğuz - Financial Institutions and Sustainability Coordination Group EVP, DenizBank
  • Dr. Eyüphan Koç - Cofounder, Chief Research, and Impact Officer, Erguvan