The inaugural Sir Roger Gifford lecture was delivered by Mark Carney OC, Co-Chair, GFANZ and UN Special Envoy for Climate Action and Finance.
Climate change and sustainability are driving the international policy agenda and - over the next decade - private finance is going to play a critical role in funding the necessary transformation in every aspect of our lives to avoid climate change's worst consequences.
COP26 in Glasgow demonstrated that governments globally and the financial services industry are hardening their commitments to tackling the climate crisis. The summit saw members of the Glasgow Financial Alliance for Net Zero, representing balance sheets of over $130 trillion in private capital, commit to drive this whole economy transformation to net zero.
While this shift represents a significant opportunity, events of 2022 – including war in Ukraine, rising energy prices, and cost of living crisis – all threaten to derail momentum.
It is essential that private and public sectors collaborate to keep driving this agenda, accelerating flows of net zero-aligned private capital. Commitments must be backed up by concrete measures. To achieve this the global market needs better transparency, comparability, and credibility in sustainable finance activities.
This is a unique opportunity to hear from the global leaders in sustainable finance about these priorities, the journey to COP27 and the horizon afterwards.
This event was hosted by the Lord Mayor of the City of London, Alderman Vincent Keaveny, and joined by Dr Rhian-Mari Thomas, CEO of the Green Finance Institute.
About Sir Roger
Sir Roger Gifford, who died in May 2021, was a former Lord Mayor of the City of London, and had a distinguished City career with SEB. Sir Roger was in the forefront of encouraging investors to follow a more ecologically aware investment policy. He inspired large City institutions and fund managers to concentrate their investments in companies that upheld sound ecological principles. Sir Roger was instrumental in establishing the Green Finance Institute and driving its success at the nexus of the public and private sectors. His contribution to the fight against climate change and biodiversity loss and advancing green finance in the UK was enormous.
The annual Sir Roger Gifford Lecture honours his legacy and promotes continuing innovation and progress in the field of sustainable finance.