Data from the World Inequality Report reveals that the top 10% of the highest earners in the world currently possess 76% of all wealth, whereas the bottom 50% owns merely 2%. These disparities pose a threat to the stability of our societies, political systems, and economies. In fact, Moody’s estimated that over $8 trillion of the debt it rates is highly susceptible to social risks, with an additional $2 trillion facing environmental risks. For the private sector, tackling systemic social inequality is not just a moral imperative but also strategic risk management.

This session will initiate a discussion to investigate ways for the private sector to enhance the formulation of financial disclosures on inequalities, aiming to fortify the stability of financial systems and enhance outcomes for people. The Business Commission to Tackle Inequality (BCTI) will subsequently convene to commit to action.

This event, co-organized with the World Business Council for Sustainable Development and the Business Commission to Tackle Inequality, will be held during the 2024 World Economic Forum in Davos (Switzerland) at the House of Switzerland. The event is on invitation only.

Climate Bonds’ “Guidance for Assessing Corporate Transition Plans” is a new tool to help financial institutions, investors, and corporates understand how to assess the credibility and ambition of transition plans. This tool is a complement to Climate Bonds Certification Scheme.

This webinar will bring together financial institutions, investors, and policymakers to discuss how transition plans can facilitate the decarbonisation projects necessary to meet global climate targets.

Come and join the architects of the next wave of sustainable finance with the Climate Bond Initiative to gain:

• Exclusive Access to a Revolutionary Toolkit: Get a first look at Climate Bonds’ new “Guidance for Assessing Corporate Transition Plans,” designed to turn climate ambitions into a concrete roadmap.
• Actionable Insights from Industry Leaders: Hear from eminent voices in finance, policy, and climate action, and discover the strategies they are using to guide sustainable transformations.
• Insights on scalable strategies, tactical approaches, and inspiring case studies that will help us not just envision but enact a 1.5°C-compatible future.

Speakers:

• Berit Lindholdt Lauridsen from the International Finance Corporation (IFC) will share how international finance is refocusing towards climate-aligned investments.
• Nazmeera Moola of Ninety-One will delve into the intricacies of sustainable investment strategies that offer both impact and ROI.
• Rachel Hemingway & Anna Creed from Climate Bonds Initiative will provide an insider’s view into the new guidelines designed to transform corporate sustainability.

SFG and the World Bank are co-hosting a morning discussion with Orsolya Szekely, Secretary of the World Bank’s Accountability Mechanism. The event will be an opportunity to discuss the importance of accountability mechanisms in the context of scaling up sustainable financing in emerging markets and developing economies, building on the World Bank Accountability Mechanism experience and lessons learned.

Orsolya Székely, a Hungarian national, is the Accountability Mechanism Secretary. The Accountability Mechanism houses the Inspection Panel and the Dispute Resolution Service. Appointed to her position in 2021, soon after the inception of the Accountability Mechanism, she leads the independent function that handles complaints from communities that believe that a World Bank-financed project has and will cause them harm. She serves a single five-year non-renewable term as Secretary.

In establishing the Accountability Mechanism, Ms. Székely applies the lessons she learned from working with a variety of multilateral organizations and in the private sector, in locations across the globe, for more than 20 years. Immediately prior to joining the Accountability Mechanism, Ms. Székely served as the Senior Advisor and Coordinator in the Executive Office of the Secretary General, with responsibility for enhancing good governance, at the Organization for Security and Co-operation in Europe. Ms. Székely also previously worked as senior advisor with communities and high-level stakeholders in India, Myanmar, China, Kyrgyzstan, and Afghanistan, and on projects in Bangladesh and Nepal, among several other positions. Ms. Székely holds a master’s degree in law from the University of Pécs, Hungary and is an accredited mediator.

Coffee and arrival from 8:30-9:00, discussion begins at 9:00 sharp.

Enter the power of diversity and the teams shaping the future of venture capital. From identifying untapped potential in emerging markets to fostering innovation and inclusivity, the panel will delve into the strategies and insights that set them apart. Discover how diversity is redefining the investment process, creating a more inclusive and dynamic environment, and catalyzing growth in emerging markets. Gain fresh perspectives and be inspired by their stories of resilience, vision, and impact.

Discover how institutional investors are paving the way for transformative investments in untapped regions, igniting innovation, and fueling economic growth. Don’t miss this opportunity to explore the dynamic world of private equity and venture capital in emerging markets and learn how you can be a part of the change-makers shaping tomorrow’s success stories

Description available soon.

Carbon intensity does not provide complete information on the climate impacts of companies. Quantifying avoided emissions of portfolios is an important milestone. A scoping study by the University of Edinburgh and abrdn highlights challenges and possible solutions.

To make the agriculture and forestry supply chains deforestation-free and socially inclusive, the Central Africa Forest Initiative (CAFI) seeks to scale up private investment by launching a new 100 million US$ Private Sector Facility to support new projects, reducing risk.

These daily sessions will provide an update on the day’s highlights from PRI in Person – the annual conference of the Principles for Responsible Investment (PRI) – which is taking place in Tokyo this week.

These daily sessions will provide an update on the day’s highlights from PRI in Person – the annual conference of the Principles for Responsible Investment (PRI) – which is taking place in Tokyo this week.