{"id":1368,"date":"2023-06-06T14:39:12","date_gmt":"2023-06-06T14:39:12","guid":{"rendered":"https:\/\/chapterzero-uacau.org\/?p=1368"},"modified":"2023-06-06T14:40:08","modified_gmt":"2023-06-06T14:40:08","slug":"financial-sector-hub-managing-greenwashing-risk-in-the-context-of-increased-commitments","status":"publish","type":"post","link":"https:\/\/chapterzero-uacau.org\/ua\/financial-sector-hub-managing-greenwashing-risk-in-the-context-of-increased-commitments\/","title":{"rendered":"Financial Sector Hub: Managing Greenwashing Risk in the Context of Increased Commitments"},"content":{"rendered":"

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Thu 29th Jun 1:00pm – 2:00pm\u00a0(BST)<\/span><\/div>\n
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hubevent<\/span><\/a><\/span>greenwashing<\/span><\/a><\/span>commitments<\/span><\/a><\/span>Financial-Sector-Hub<\/span><\/a><\/span><\/div>\n<\/div>\n
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Register here<\/a>\u00a0<\/span><\/div>\n<\/div>\n
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Delivered in collaboration with McKinsey.<\/strong><\/p>\n

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\u2019s focus on mitigating greenwashing risk.<\/p>\n

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.<\/p>\n

This event will be hosted by\u00a0Francesca Tondi Guy<\/strong>,\u202f former banker, and non-executive Director and ESG Committee Chair of UniCredit Group and of Piraeus Bank, and moderated by\u00a0Johan Raslan<\/strong>\u00a0former Chairman, PwC Malaysia, Council member, Climate Governance Malaysia and board member, Institute of Corporate Directors Malaysia, with\u202fexpert contributors:<\/p>\n