Event Details
Sustainable Trade Finance
Presented by Trade Finance Global and ITFA
Trade finance has a significant role to play in sustainable development and ESG, which extends to addressing global challenges around climate change, human rights and biodiversity.
The banking industry is certainly making progress towards their sustainability mandates, which is no longer a ‘nice to have’, rather, a business imperative. But if we are to jointly work towards the Paris Agreement and the UN Sustainable Development Goals, raising truly understanding the benefits of sustainable trade assets, understanding the appetite from the investment community, and sharing best in class practices that are being applied locally and globally is critical.
The Panel
Johanna Wissing
Board Member, ESG, ITFA
NLN Swaroop
Director, Alternate and ESG Distribution, GTRF, HSBC, ICC Sustainable Trade Finance Working Group
Anne Maria Cronin
Director, Quarter Penny Consulting
Katharina Michael
Unicredit, ICC Sustainable Trade Finance Working Group
Moderated by Deepesh Patel, Editor, Trade Finance Global
Tradecast Agenda
In this Tradecast by Trade Finance Global and ITFA, we discussed:
- The definition of sustainable trade finance assets
- The true business benefits of sustainable trade finance
- Has the pandemic accelerated considerations for sustainability in supply chains?
- Understanding risk when it comes to environment and sustainability
- How sustainable trade finance assets are evaluated and understanding the risk
- Investment appetite towards these assets in the investment community – differentiated treatment for sustainable trade finance assets
- Education and sharing best practices within the community
- A roadmap for sustainable trade finance
575 registered attendees
2,579 video views
90 minute webinar
Streamed to LinkedIn Live
Sponsors and partners
Introduction: and definition of sustainable trade finance
- An introduction to sustainability and green finance and its relevance to international trade trade finance
- How do we define sustainable trade finance?
- Do we need to establish a common framework for sustainable trade finance?
- How does this relate to the UN sustainable development goals and climate change?
Business benefits
- What are the business benefits and rationale for sustainable trade finance?
- How do banks and corporates take a risk-based approach towards sustainable trade?
Incentives and pricing
- Should we decentivise unsustainable trade or incentivise green trade? What does that actually mean?
- How should financial institutions be promoted to grow sustainable financing? Are incentives the right model?
- Is there a consensus on this subject? What is the possible direction of travel for sustainable trade financing and its capital treatment?
Regulatory treatment of sustainable trade finance assets
- How can we bring sustainable trade finance assets to capital markets (e.g. pension funds)?
- From a secondary trade finance/distribution perspective, how do you see this market developing?
- How is trade finance uniquely placed?
Resources
Article: Leveraging credible data to monitor sustainable trade and finance
Sustainable Trade Criteria: Customer Due Diligence Guidelines (ICC)
Creating standards in sustainable trade finance
- How can we define taxonomies and mapping out standards to ensure standardisation in sustainable trade finance?
- Do these standards need to be interoperable?
- Where are we at with standards in sustainable trade finance right now, and what’s left to do?
Resources
Education and learning
- As we build a roadmap for sustainable trade finance, how can we share best practices within the trade finance community?
- Where do others sit within this broad debate (e.g. rating agencies, multilaterals, the private sector and regulators)?
Fintech, partnership and the future
- How can fintechs work to help banks lend to sustainable businesses?
Thank you to our sponsors and partners
Next webinar to be announced shortly
More from the TFG Sustainability hub
- UK and Poland target green exports with €249 million financing for solar projectThe Standard Chartered loan will be guaranteed by UK Export Finance and Poland’s export credit agency KUKE and supports a solar project in Turkey.
- Standard Chartered announces USD235 million green loan financing for USA solar module manufacturing plant7 August, New York, USA – Standard Chartered announces the successful closing of a six-year USD235 million non-recourse senior secured term green loan facility to fund the development, construction, and operation of a 1.35 million square foot solar photovoltaic manufacturing plant in Wilmer, Texas, USA, for Trinasolar, a leading global renewable company.
- ADB and IFC release joint Reference Note on sustainably linked trade financeYou have reached your limit post to read as a guest. Please sign-up or sign-in… read more →
- Part 1: CRD VI and its implications for syndicated lending and trade financeTo learn more about the implications of CRD VI, Deepesh Patel (DP), Editorial Director, TFG spoke with Adam Harwood (AH), Associate, A&O Shearman and Bob Penn (BP), Partner, A&O Shearman, in a 2-part series.
- CarbonChain launches free CBAM tool and supplier engagement solutions to reduce submission costs for manufacturers and accelerate Scope 3 carbon reportingCarbonChain, a leader in digital solutions for environmental compliance, announced three updates to its platform, designed to assist manufacturers in metals and energy sectors with enhanced, cost-effective carbon reporting capabilities.
- Absa Group and MIGA expand agreement for pan-African climate financingAbsa Group collaborates with MIGA to unlock financial capacity for Pan-African climate finance projects. Learn how this partnership is driving sustainable investments.
- Arab Coordination Group commits $17b to global infrastructure and climate initiativesArab Coordination Group collectively allocated approximately $17 billion to finance nearly 500 projects in over 90 countries.
- The future of trade finance: Leveraging technology to overcome industry challengesTrade finance is at a critical juncture. With an ever-growing $2.5 trillion trade finance gap and over 4 billion pieces of paper circulating in the global trade ecosystem, the industry is ripe for digital transformation.
- OPEC Fund Development Forum 2024: Sustainable development and private sector growthThe OPEC Fund for International Development (the OPEC Fund) will host its third Development Forum on Tuesday, 25 June 2024, in Vienna…
- VIDEO | Georgia case study: How public-private partnerships can mobilise green finance and sustainable trade in CEESustainability and green financing are some of the most important topics within the international trade industry, yet actually implementing policies and strategies is extremely difficult.
- Canada and ADB launch C$360m fund for climate and nature in AsiaThe Government of Canada, in collaboration with the Asian Development Bank (ADB), has unveiled a new C$360 million trust fund.
- VIDEO | Decarbonisation and climate change: Retrofitting commodity trading to the ESG agendaAt Commodity Trading Week held in London, Deepesh Patel, Editorial Director, Trade Finance Global, sat with Dr Sadar Abdul Rasheed, Director, Commodity Risk Control at Savola Group to discuss the implications of carbon, decarbonisation, ESG, and climate risk for the commodity traders and commodity markets.