Low Carbon Transition
Explainer Videos
As part of its second workstream, the BU Climate Working Group is collating a series of bite-sized 'explainer' videos exploring organisational and process adjustments which support low-carbon transition
BU AND CWG Members share highlights from COP27
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
TRACKING GREEN FINANCE PROGRESS AGAINST CORPORATE TARGETS (SINOSURE)
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
DEMYSTIFYING TCFD (UKEF)
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
CARBON FOOTPRINT ASSESSMENT (Bpifrance)
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