Seminar

Stibbe, KPMG and NVB Sustainable Finance Week

Stibbe, KPMG and NVB Sustainable Finance Week

Stibbe, KPMG and NVB Sustainable Finance Week

17.05.2021 NL law

The Sustainable Finance Week - organised by Stibbe, KPMG and NVB - will take place across 4 afternoons, starting on Monday 31 May 2021. Through an online conference platform, we will present a variety of live information sessions on the EU Sustainable Finance Action Plan, and provide virtual access to knowledge and networking.

Stibbe, KPMG and NVB Sustainable Finance Week

With this conference, we hope to inspire the attendees with further guidance, insight and outlook on how best to implement the new rules following from the EU Sustainable Finance Action Plan within their organisations.

Our sector is in this together, and so we have joined forces as three knowledge partners for this week to exchange our views on the abovementioned themes. We will not do this alone - we are joined by industry experts ranging from regulators, branch organisations, banks and asset managers to data providers and policy makers. Among others, Paul Tang (member of the European Parliament), Wiebe Draijer (CEO Rabobank), the AFM and several other policy makers and sector specialists will share their views and experiences during the sessions.

The Sustainable Finance Week will be of great interest to a range of audiences, such as decision-makers, legal counsel, risk managers, portfolio managers and project managers.

Programme

Monday 31 May
15:30-17:30

Opening by Eelco Dubbeling (Director NVB)

Introduction session: Overview EU Action plan and how to implement it
Session 1: ESG in the boardroom


The EU Action plan will be placed in context by the NVB, KPMG and Stibbe. As part of the ESG in the board room session panelists, including Wiebe Draijer (CEO Rabobank), will be discussing whether the EU Action plan on sustainable growth and other ESG related initiatives are leading to changes in boardroom dynamics. What changes are banks and stakeholders expected to be making? The panel will be discussing the consequences of supervisors' expectations relating to business models, strategy and internal governance in view of binding and non-binding rules and ESG-related commitments.

Tuesday 1 June
16:00-17:30

 

Session 2: EU Taxonomy and Sustainability Reporting

The Taxonomy Regulation and the Corporate Sustainability Reporting Directive (CSRD) will impact many stakeholders and are mystified by many unknowns regarding data. The first part of the session is aimed at unravelling the Taxonomy regulation by discussing practical consequences. During the second part of the session Steven Hijink (Stibbe) and Mark Vaessen (KPMG) will be discussing the recent developments and consequences around sustainability and non-financial reporting.

Wednesday 2 June 16:00-17:30

 

Session 3: SFDR from a policy making and regulatory compliance perspective

One of the most debated topics in the field of sustainable finance - the Sustainable Finance Disclosure Regulation - is central in today’s session. In the first part of this session, an interview will be held with Paul Tang (member of the European Parliament). As the former rapporteur on SFDR and one of its major advocats, he knows the why and how of SFDR. Why is SFDR this important and what are his views on entity level disclosures and the data dilemma? In the second part of the session, we welcome a supervisor from national competent authority AFM, Karin Bouwmeester (ABN AMRO) and Narina Mnatsakanian (Kempen). From three different perspectives (supervisor, distributor and product manufacturer) they will discuss the product specific SFDR templates in a panel discussion.

Thursday 3 June 16:00-17:30

 

Session 4: Prudential ESG risks & capital requirements, implications for product offering, followed by closing remarks

We will discuss whether there is a role for prudential regulations in achieving EU Green Deal objectives. As around 70% of financing in Europe is provided via banks, they are a key actor in financing the transition to a more sustainable economy. Policy makers have been and still are assessing the best incentives to increase sustainable finance provided by banks. Could there be a role of prudential regulations and if so, what would be the most effective and desirable prudential measures? After a brief intermezzo, a panel with members combining banking, supervisory and accounting backgrounds will discuss integration of ESG risks in risk management. What are the panel’s expectations for the final EBA report on incorporation of ESG risks into governance, risk management and supervision? What are the main challenges banks face and how to go about it?

Team

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