We are happy to announce that the Joint Impact Model Foundation and British International Investment will co-host an event on November 11th at the COP27 Innovation Zone at Sharm el-Sheikh, Egypt. There will be two back-to-back sessions in a series called: Banking for Net Zero: Practical Tools for Financial Institutions.
At COP26 more than 450 firms across 45 countries representing $130 trillion in financial assets pledged to align their portfolios with net zero by 2050. Now, attention is turning to the hard part - how to turn these ambitions into concrete action.
This event will showcase frameworks and learnings from two initiatives. First, the Joint Impact Model Foundation (JIM)-Partnership for Carbon Accounting Financials (PCAF) Program, which supports emerging economy banks to use the JIM to model their portfolio emissions and align with the PCAF global standard for GHG accounting. Second, a practitioners guide on transition finance co-developed by academics, leading DFIs and African commercial financial institutions. This will help financial institutions invest to decarbonise parts of the economy that aren’t yet green whilst realising their net zero portfolio ambitions.
Session 1 | Modelling Your Portfolio Carbon Footprint: Lessons Learned from Partnerships with Emerging Economy Banks
Friday November 11, 2022, 2:25 PM – 3:10 PM EET
This session introduces the Joint Impact Model (JIM), which offers an off-the-shelf, robust, and comparable solution for carbon footprinting your portfolio aligned to the Partnership for Carbon Accounting Financials (PCAF) global standard. Our pilot program with emerging economy banks shows that it is highly effective at enabling banks to overcome data availability challenges and get on with planning and executing their net zero transition strategies. Join us to hear more about the tool from the experiences of participants in the JIM-PCAF pilot.
Session 2 | Scaling and Accelerating the Deployment of Transition Finance: A Practitioner's Guide
Friday November 11, 2022, 3:15 PM – 4:00 PM EET
How do we invest to decarbonise parts of the economy that aren’t yet green? Though green finance is well understood, transition finance is more nascent. It is a way of classifying and structuring financing towards activities on the path to net zero, even if these have higher emissions today. Join us as we present and discuss a new practical framework for financial institutions to assess transition finance investments, co-developed by academics, leading DFIs and African commercial financial institutions in the run up to COP27.
Please note, a link to the livestream will be shared at a later time. It will also be recorded and sent to those who have signed up. Please reach out to info@jointimpactmodel.org with any questions.
If you would like to sign up for the livestream, please register here.
Update: We have a few invitations left for those of you that would like to join us in person at Sharm El-Sheikh, Egypt. If you would like an invitation email giulia.debernardini@jointimpactmodel.org
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