A global standard for sustainability reporting will make it possible for the finance sector to steer investments from harmful activities to activities that contribute to the climate transition. Finansinspektionen’s (FI) Director General Erik Thedéen will be at the UN’s climate conference (COP26) in Glasgow to talk about this work.
Erik Thedéen is heading the work for the global standard for the International Organization of Securities Commissions (IOSCO). He will be in Glasgow 3–4 November to discuss the positive effects the standard will have on future investments that contribute to the climate transition.
"Emissions and climate changes know no borders. The solutions must be global, and the financial sector can contribute here," says Erik Thedéen. "We are close to a global standard for how firms should report their climate risks and climate work. It will drastically increase the financial sector's possibilities for pricing climate risks correctly, thus helping to move capital from harmful activities to those that contribute to the climate transition, and it is important to discuss this in Glasgow."
Discussion: "The Pathway towards a Global Standard for Sustainability Reporting" with Anders Langworth (Nordea)
Location: Business Sweden Pavilion
Panel discussion: "Laying the foundations for a net zero financial system" with introduction by Andrew Bailey (Bank of England), Nikhil Rathi (FCA). The panel consists of Erik Thedéen, Sarah Breedan (NGFS), Klaas Knot (FSB), Larry MacDonald (G20/SFWG)
Location: UK Presidency Pavilion
Panel discussion: "The role of capital markets in addressing sustainability reporting, ESG data and the risks to investors" with Mohammed Omran (Iosco), Lee White (IFRS), Ned Salter (Fidelity International)
Location: Green Horizon Summit