09:00-09:30 | Opening: Dr. Ndiame Diop, Country Director for Director for Brunei, Malaysia, Philippines, and Thailand, World Bank Keynote Speaker: YBhg Datuk Johan Mahmood Merican, Deputy Secretary General, Ministry of Finance, Malaysia [Presentation] |
09:30-11:00 | Session IV: Nature-related financial risks and financing nature Southeast Asia has rich natural resources, and its ecosystems are facing multiple threats due to climate change, pollution, urbanization, over-fishing, and rapid coastal development. Those nature-related threats, if not properly dealt with, could present great risks to human prosperity and wellbeing, and could lead to severe risks to the financial sector. Several countries have advanced on their analysis of nature-related financial risks. This session shares the experiences from countries who have advanced in their analysis of nature-based financial risks, instruments and how actions are being taken to mitigate these risks. - Report Presentation: “An Exploration of Nature-Related Financial Risks in Malaysia” [DOWNLOAD REPORT]
- Report Presentation: “Green Finance Supporting Chinese Forestry Industry’s “Going Global”: A Reference Framework for Banking Financial Institutions’ Environmental and Social Risk Management”
- Yao Jingran, Beijing Institute of Finance and Sustainability [Presentation]
Moderator: Suraya Sani, Deputy Director, Sustainability Unit, Bank Negara Malaysia Panel Discussion: - YBhg Datuk Hj Jeffri Abd Rasid, CEO, Malaysia Forest Fund, Malaysia
- Dr. Giovanni Ruta, Lead Environmental Specialist, World Bank
- Dr. Simon Dikau, Research Fellow, Grantham Research Institute, Research Director, International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE), London School of Economics and Political Science (LSE)
- Zhang Huifeng, Regional Head, Corporate Sustainability, Asia-Pacific, HSBC
- Odile Conchou, Senior Advisor on Finance and Nature of French Agency of Development
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11:00-11:15 | Coffee Break |
11:15-12:15 | Session V: Disaster Risk Finance The financial losses caused by natural disasters continue to rise, and developing countries experience the greatest impacts. Natural disasters generate significant fiscal risk and create major budget volatility. Even countries with robust disaster risk management programs can still be highly exposed to the economic and fiscal shocks caused by major disasters. What is climate and disaster risk finance? This concept is best understood as financial planning such that countries can address the fiscal impacts and economic losses caused by natural hazards (e.g., cyclones, droughts, earthquakes, floods) and supports countries to increase their financial resilience to natural disasters. This session will discuss how climate and disaster risk financing solutions inherently embed principles of sustainable finance. Through country examples, the invited speakers will discuss the challenges of designing and implementing financial solutions to reduce the impact of climate and other hazards, how such investments also lead to better social outcomes post disasters, and the way in which these funds can improve governance of overall financial management practices. Moderator: Farah Hussain, Senior Financial Officer, World Bank Treasury Panel Discussion: - Eduardo Anthony G. Mariño III, Deputy Treasurer of the Philippines, Bureau of Treasury - Republic of the Philippines [Presentation]
- Rita Helbra Tenrini, Senior Analyst, Fiscal Policy Agency, Ministry of Finance, Indonesia
- Marcel Papp, Head Retakaful, Swiss Re Asia Ltd. Malaysia Branch
- Dr. Meng Yongchang, Senior Manager, Department of Public Insurance Services, CPIC
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12:15-12:45 | Reflections by Participants and Roundtable Discussion |
12:45-14:30 14:00-14:30 | Lunch Break Award Ceremony for Certificates of Attendance to participants (Recording TBC) - Dr. Yasuhiko Matsuda, Country Manager for Malaysia, World Bank
- Cheng Lin, Director of the Centre for International Collaborations at the Beijing Institute of Finance and Sustainability
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14:30-15.45 | Session VI A: Innovative Financial Instruments Properly designed financial products are essential for financial institutions and investors to support sustainability goals. The market has seen a suite of innovative financial instruments in the past few years against the backdrop of growing commitment to net zero targets and environmental conservation, such as carbon neutrality bonds, blue bonds, social bonds. Recently, there have been broad discussions on transition finance, including sustainable linked bonds or loans. However, global consensus is still limited on some of these tools and needs more coordination and research, especially transition finance. This session will invite financial practitioners to share their insights on financial product innovation, especially on transition finance products. Moderator: Cecile T. Niang, Practice Manager, Finance, Competitiveness and Innovation, East Asia & Pacific, World Bank Discussions on: - Wildlife Conservation Bond - Innovative Bonds
- Farah Hussain, Senior Financial Officer, World Bank Treasury - Mangrove Bond
- Alpa Bhattacharjee, Head of Sustainability, HSBC Australia - Innovative banking products
- Justin Ma, Director of Sustainable Finance, ASEAN, Standard Chartered Bank - Private equity
- Saifulbahri Hassan, Director and Head of Private Equity Department, Retirement Fund (Incorporated) (KWAP)
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15:45-16:00 | Coffee Break |
16:00-17:00 | Session VI B: Carbon Pricing Instruments How can carbon finance help in the transition towards a low-carbon economy? There is a growing consensus among both governments and businesses on the fundamental role of carbon pricing in the transition to a decarbonized economy. For governments, carbon pricing is one of the instruments of the climate policy package needed to reduce emissions. Businesses use internal carbon pricing to evaluate the impact of mandatory carbon prices on their operations and as a tool to identify potential climate risks and revenue opportunities. Finally, investors use carbon pricing to analyze the potential impact of climate change policies on their investment portfolios, allowing them to reassess investment strategies and reallocate capital toward low-carbon or climate-resilient activities. This session will invite practitioners from countries that have developed carbon pricing instruments to share their experiences, focusing their insights on some of the main hurdles for the adoption of these instruments in their countries. Moderator: Souleymane Coulibaly, Lead Economist and Program Leader for EFI, BMPT, World Bank Panel Discussion: - Lee Bing Yi, Director, Sustainability & Climate Change, Financial Services Assurance, PwC Singapore
- Hiroshi Tomita, Partner, ERM Japan Ltd [Presentation]
- Ge Xingan, Deputy CEO, Susall Wave
- Michael Sheren, President and Chief Strategy Officer, MetaVerse Green Exchange (MVGX)
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17:00-17:15 | Closing Remarks- Cecile T. Niang, Practice Manager, Finance, Competitiveness and Innovation, East Asia & Pacific, World Bank
- Cheng Lin, Director of the Centre for International Collaborations at the Beijing Institute of Finance and Sustainability
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