Nordic Climate Finance Summit

Session Overview

This panel discussion, developed and facilitated by the Science Based Targets initiative (SBTi), will delve into the critical role of financial institutions in leading global decarbonization efforts. The session will address the following thematic areas:

Financial Institutions as Drivers of Economy-wide Decarbonization

• Explore how financial institutions can influence and accelerate the transition to a low-carbon economy.

Approaches in Portfolio Decarbonization

• Discuss effective strategies and methodologies for reducing carbon emissions within financial portfolios.

Perspectives on SBTi’s Financial Institutions Net-Zero Standard

• Gain insights into the standards and guidelines provided by SBTi to help financial institutions achieve net-zero targets.

Driving Decarbonization Beyond Europe:

• Examine the importance of expanding decarbonization efforts globally and the unique challenges associated with different regions.

Key Challenges:

• Balancing short-term financial performance with long-term sustainability goals.
• Navigating regulatory and policy landscapes that vary across regions.
• Ensuring transparency and consistency in reporting and measuring progress.

Opportunities:

• Positioning financial institutions as leaders in sustainable finance.
• Accessing new markets and investment opportunities through green finance.
• Enhancing reputation and stakeholder trust.

Takeaways:

• Practical insights into implementing the SBTi Financial Institutions Net-Zero Standard.
• Strategies for overcoming challenges and leveraging opportunities in decarbonization.
• A comprehensive understanding of the global landscape and regional nuances in financial decarbonization efforts.