Sustainable Finance for Breakfast (13)

Held on Tuesday, November 20, 2018

With support from Burges Salmon


  • Ben Caldecott (University of Oxford)

  • Alice Garton (ClientEarth)

  • Paul Lee



There wasn’t much in this autumn’s budget for sustainable finance (unless patient capital becomes green capital) and much of the rest of this month’s news has been dour for the sector:

  • S&P reported that only 3% of private capital mobilized by multilateral lending institutions finds its way to low-income countries;

  • Z/Yen’s Green Finance Index highlighted the narrowness of sustainable finance centres around the globe (and a slip in the ranking for London);

  • Industry concern over the EC’s Action Plan on Sustainable Finance rumbles on; and

  • A CFA survey found its members were split over whether ESG should be part of the fiduciary duty of managers.

Still, it hasn’t all been Eeyorish. The PRA has released its consultation on banks’ and insurers’ approaches to managing the financial risks from climate change, the FRC and FCA are considering complaints over lack of climate risk reporting made by ClientEarth, and UNCTAD announced that 78 exchanges are now members of the Sustainable Stock Exchange Initiative.

As ever, we will have Ben Caldecott, founding director of the Oxford Sustainable Finance Programme and founder and co-chair of the Global Research Alliance for Sustainable Finance and Investment, to steer us through the biggest stories of the month.

Joining Ben, we are delighted to welcome Paul Lee, independent consultant and former Head of Corporate Governance at Aberdeen Asset Management. Alongside them will be Alice Garton, senior lawyer and Head of Climate at ClientEarth.

As always, this is a sharing (and caring) experience. If you or a colleague would like to join us, please let Alex know by emailing or by phoning the Centre (0207 621 1056). Thanks to Burges Salmon, coffee/tea, buns and so forth will be provided.

Sincerely yours,

Andrew Hilton