Search for:

There is an increasing sense of urgency and expectation about putting the global economy on a path toward sustainable development. The urgency stems from a massive projected investment gap of EUR 180 billion each year to meet the Paris Climate Agreement goals.

In its 2018 Action Plan on Sustainable Finance, the EU Commission calculated an annual gap of EUR 180 billion only within the EU; the EU Green Deal now mentions a number north of EUR 200 billion (i.e., action through investments, innovation, operations and financial activity to minimize current and future effects of climate change). The sense of expectation relates to the fact that sustainable finance can provide a solution to help plug this massive funding gap.

In our 2019 Sustainable Finance Forum, we brought together leading institutional investors, lenders, corporations, policymakers and regulators to discuss how environmental and climate considerations are becoming imperative to investment decision.

This report, Sustainable Finance: From Niche to New Normal, features highlights from the Forum and delves into the role of private finance, regulation and measurement in moving sustainable finance from niche into mainstream.

READ REPORT

Author

Michael is a finance partner in the London office and has deep experience of the international financial markets. Michael has extensive experience across the developed, emerging and frontier markets. His clients include private equity/credit funds, investment banks, multinational corporations, sovereign governments, state-owned entities, state agencies, supranational banks and sovereign wealth funds

Author

Adam Farlow heads the Firm's Capital Markets practice in Europe, Middle East and Africa. He is a New York and English qualified partner based in London. He has extensive experience in US securities laws and transaction management. He has been elected as a Life Fellow of the American Bar Foundation and serves on the Council of the American Bar Association Section of International Law.

Author

Marc Fèvre's practice spans project development, financing and secondary market transactions in the energy and infrastructure sectors. He has over 14 years of experience working in Asia, Europe, Africa and the Middle East and is recognised in his field by legal directories including Legal 500 and Chambers & Partners.

Author

Christopher Jones is a Principal for Energy, regulatory and Antitrust in the European Competition Law Practice Group in the Brussels office. He joined Baker McKenzie in 2018. Christopher's career has spanned more than 30 years at the European Commission. He was previously Deputy Head of Cabinet for the Energy Commissioner and spent 18 years designing and implementing Europe's energy policy. Christopher has significant experience in competition policy, having spent 11 years in the field including responsibility for antitrust and mergers in the Cabinet of the Energy Commissioner, and as personal Policy Assistant to two Directors' General. He is also a leading academic in the competition and energy areas, editing and co-authoring the standard text books on Competition Law and Energy Markets, the Internal Energy Market, and EU Renewable Law and Policy, as well as books on merger control and the standard competition law reference work, the EU Competition Law Handbook.

Author

Caitlin McErlane advises asset managers, banks, major corporates, exchanges, clearing houses and payment institutions on navigating UK and EU financial services regulation. She has particular experience in advising clients on operating in compliance with ongoing regulatory developments, including MiFID II, EMIR, the Investment Firms Regulation, ESG reforms, AIFMD and the Market Abuse Regulation.

Author

David Palumbo is a partner and head of the Corporate and Securities Practice Group in Baker McKenzie's Toronto office. David is Chair of the Toronto Diversity and Inclusion Committee and a member of the North American Capital Markets Steering Committee. He serves as Vice-Chair of the Executive Board of the You Can Play Project, a non-profit organization dedicated to ensuring the inclusion of all in sports, and co-chair of the Toronto legal community's largest annual fundraiser, AIDSbeat, in support of the Canadian Foundation for AIDS Research (CANFAR).

Author

Eva-Maria Ségur-Cabanac joined the Firm’s Vienna office as a partner in 2008. She is a dual-qualified lawyer, admitted to practice in Austria and New York. Prior to joining Baker McKenzie, Dr. Ségur-Cabanac worked as an associate in the New York, Paris and Frankfurt offices of a well-known US law firm.

Author

Ivy Wong is the chair of Baker McKenzie's Capital Markets practice in Asia Pacific and serves on the Global Capital Markets Steering Committee. Based in Hong Kong, Ivy is qualified in Hong Kong, England and Wales and New York. She has led many unprecedented and high-profile securities offerings and cross-border transactions in Hong Kong, including many successful listings that are first of its kind on the Hong Kong Stock Exchange and multiple landmark and innovative deals that won industry awards.