Financial Sector Hub: Managing Greenwashing Risk in the Context of Increased Commitments

Financial Sector Hub: Managing Greenwashing Risk in the Context of Increased Commitments

Financial Sector Hub: Managing Greenwashing Risk in the Context of Increased Commitments

6 June 2023
Thu 29th Jun 1:00pm – 2:00pm (BST)
  Register here 

Delivered in collaboration with McKinsey.

This session will help non-executive directors of financial institutions understand how to manage the risk of greenwashing in the context of increasing sustainable finance commitments. Banks have significantly increased their commitments in the past 3 years ($9.5tn of green financing commitments made by top ~50 banks and $1tn of sustainable bonds issued by banks globally since 2020). Alongside this, climate-related activism has also increased significantly (8x increase in number of shareholder resolutions against banks since 2020 and a sharp rise in climate litigation), intensifying the need for the Board’s focus on mitigating greenwashing risk.

We will debate best practices to put controls in place prior to making public announcements and key points that a Board should focus on when making such commitments.

This event will be hosted by Francesca Tondi Guy,  former banker, and non-executive Director and ESG Committee Chair of UniCredit Group and of Piraeus Bank, and moderated by Johan Raslan former Chairman, PwC Malaysia, Council member, Climate Governance Malaysia and board member, Institute of Corporate Directors Malaysia, with expert contributors:

  • Angela Luget, Partner, McKinsey & Company London
  • Dan Williams, Partner, McKinsey & Company Washington DC
  • Additional Senior corporate panelists to be confirmed

This event will be recorded and available to registrants.

Source: Climate Government Initiative

Photo: Climate Government Initiative

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