Low Carbon Transition
Explainer Videos

RECORDING FROM THE CLIMATE WORKING GROUP WEBINAR 25 June 24

What is climate finance? How is the climate function implemented in different organisations? How does it relate to other parts of the business? What are the external factors to consider?

• Chris Mitman, ACRE IMPACT CAPITAL, on what is driving the banking sector with respect to climate finance, and on risk sharing and financing for banks, multilaterals and ECAs to deliver together
• Toke Philipsen Prahm, EIFO, on E3F policy commitments made by governments and individual Berne Union institutions 
• Emmanuelle Dot, UKEF, on Net Zero ECA Alliance update and on how climate engagement is supporting British businesses and their customers 
• Approaches taken at SAUDI EXIM, EKN, EKSFIN, ECI: how to transition portfolios, proactively involve clients, set ESG policies and incentives, find optimal staff levels, reorganise and restructuring operations effectively

 Moderated by the CWG Chair, Karin Wessman, EKN

RECORDING FROM THE CLIMATE WORKING GROUP WORKSHOP IN DUBAI 6 Dec 23,COP28

What are the most impactful climate and sustainability ideas and - how are these translating to practical impact to export finance: 

• What climate and sustainability themes are most relevant to BPIFRANCE' s future strategy and what is BPIFRANCE' s operational approach

• How UKEF’s Climate Change Strategy provides a framework for identifying and assessing the range of climate-related opportunities
• Why climate action and political risk insurance intertwine in poly-crises
• How does MIGA translate sustainability into climate risk management
• How can international alliances help to implement tools and methodologies to measure and disclose insured GHG emissions

Moderated by Andreas Klasen, IfTI Director and Honorary Research Associate, University of Oxford

RECORDING FROM THE CLIMATE WORKING GROUP WORKSHOP IN DUBAI 6 Dec 23,COP28

What are the most impactful climate and sustainability ideas:

• How EDC will be aligning its operations based on OECD standard setting
• Are these rules consistent with what the banking sector is working with
• What risk management frameworks are used across the banking sector for assessing the range of climate-related opportunities that exist
• What are the ESG standards applied by banks in the region in respect of sustainability financing

How can BU members and banking partners better work together to achieve impact and fill gaps in ESG directed policies and where do the key collaboration opportunities lie

Moderated by Max Griffin, Chief Executive, Equator Principles (EP) Association

RECORDING FROM THE CLIMATE WORKING GROUP WORKSHOP IN DUBAI 6 Dec 23,COP28

Covering both the ECA and wider perspectives from many geographies: 

• What route have E3F member countries taken and how do these standards reflect in EIFO future strategy
• How does ATIDI balance the broader development goals in the region with climate objectives
• Fair Transition and should Africa have a different approach in leveraging climate-related opportunities
• How ICIEC is balancing existing portfolios and revising strategies in the Middle East

Moderated by Irene Visser, Head of Strategy, Atradius DSB

Update from the NZECA on launch plans 

• NZECA acts as an access point between members and a host of climate initiatives dedicated to deliver on net-zero commitments by 2050
• Supported by GFANZand UNEP FI that unite the net-zero committed financial sector to accelerate the global transition
• The Innovation & Knowledge Hub at the University of Oxfordto provide expertise on methodology development, climate policy, export credits and global governance
• UKEF, EIFO and EKN share where they see the value-add from this initiative
• Learn more about the ‘incubation group’

Presented by Remco Fisher, Rahnuma Chowdhury, Andreas Klasen, as well as UKEF, EIFO, EKN representatives

Debrief from the participants of the UN COP27 in Egypt

• COP27 took place in Sharm El Sheik, in Egypt in November 2022
• EKN, EKF, UKEF, ATRADIUS DSB, DZ BANK and EDC representatives share their observations, experience, and next steps
• EKN highlighted the need to use financial tools that are available more effectively to address the funding and competence gaps
• EKF focused on the importance of risk sharing as decarbonization projects are getting larger and more complicated in certain industry sectors
• UKEF announced at COP27 its launch of a new debt solution to help developing countries with climate shocks
• Watch the video for topical highlights!

 Moderated by the CWG Chair, Leah Gilbert Morris, EDC

SINOSURE summarises progress on corporate strategy, green assessment, products and services, and risk management since 2020

• Introduction to different aspects of green finance and outline of targets including carbon neutrality by 2060
• Strategies adopted in pursuing low-carbon transition including differentiated Green Underwriting Policy, enhanced support for green business, and internally developed business integrated Green Taxonomy

• SINOSURE's measures in supporting green projects (USD60Bn of green exports and overseas investment, including USD25Bn MLT projects in 3 years) 
• Details on carrying out environmental and social risk management
• Examples of recently supported green projects: offshore wind power project in Portugal and waste incineration power plant in Vietnam

Presented by ZHANG Xiaoming, FU Zhe and DUO Ning

UKEF's experience in implementing TCFD reporting to disclose the climate related risks and opportunities 

• Brief introduction of UKEF and its mission to deliver export financing and insurance sustainably and at no extra cost to the taxpayer
• TCFD framework for organisations, setting out recommended disclosures for governance strategy, risk management, metrics and targets       
• UKEF’s TCFD implementation as part of the wider UK Government’s Green Finance Strategy from 2019, includes making climate related financial disclosures in UKEF 2021 - 22 Annual Report
• Benefits for implementing TCFD: supporting both domestic as well as international clients’ objectives, identifying and managing climate related risks, and assuring all stakeholders

Presented by Meg Nicolaysen

Bpifrance's environmental social and climate team present an explainer on carbon footprint assessment

• Defining carbon footprint as an indicator measuring the impact of any activity on the environment, and the GHG emissions linked to this
• The importance of carbon footprint measurement to overall climate objectives, decarbonisation strategy and international targets

• Presentation of Bpifrance's calculation methodology based on  annual emissions associated with technology, operation, duration, sectoral data and carbon intensity
• Lessons learned including avoiding double-counting, ensuring access to the most accurate data as this evolves and understanding the limits of a statistical approach

Presented by Elsa Pancek, Mathilde Moreau and Léa Fréneaux