The Climate Finance Day
Finance for Tomorrow’s flagship event since COP21, the Climate Finance Day is a major annual event that has undertaken to mobilise the world’s financial industry to make further commitments to combat climate change.
Climate Finance Day is the “catalyst of commitments” of financial actors in favor of the climate and in terms of sustainable finance globally. It was during this event that the first announcements of massive divestment from coal were made.
The Climate Finance Day also attempts to survey and review the main achievements to date and showcase the most innovative solutions implemented by public and private actors to reach the goals set in the Paris Agreement. #CFD2021
The 7th edition
The 7th edition will be dedicated to “Sustainable finance: it’s time for a real impact”
Towards the United-Nations COP26 on climate and COP15 on biodiversity, world leaders have the opportunity to take action in order to reach carbon-neutrality by 2050. They must raise the ambition to achieve the Paris Agreement objectives, a condition to reach the Sustainable Development Goals. With this dynamic, the Paris financial centre invites you to the Climate Finance Day, not only to keep mainstreaming sustainable finance, but mainly to search for the real impact that will enable both the transition and the recovery of our global economy.
The financial sector has produced tools and processes to integrate extra-financial criteria in its activities. Institutions have adopted commitments while professionals are improving their skills.
However, they must collectively aim higher to participate in the economic efforts of the transition. There is a profound and immediate need to integrate purpose at the center of finance, as a political engine. It is necessary to create the future opportunities for alignment of financial flows. Moreover, seeking a real impact is the only way to respond to the citizens’ aspirations and to build economic resilience against climate risks.
The Paris financial center is mobilized to enable the transformation of the real economy and to foster a quick economic recovery, in Europe and beyond. Investors, bankers, entrepreneurs and public authorities are coordinated to share this ambition and make sure that those goals result in concrete actions. Join us to explore how impact finance will provide the tools for a significant shift towards a better future.
The Paris for Tomorrow Week
Each year, a number of side events are organized around the Climate Finance Day, grouped under the label “Paris for Tomorrow week”. More than just a “Climate Week”, the week-long series of events explores issues related to both financing and achieving the climate objectives and the Sustainable Development Goals (SDgs).
This whole week will gather in Paris from October 25 to 29 the financial and business community as well as civil society,local and public authorities.
Finance for Tomorrow provides a label to its members as well as institutions, that organize side events dedicated to green and sustainable finance and more broadly climate and sustainable development issues during the week (except on October 26).
Launched in June 2017 as a branch of Paris EUROPLACE, Finance for Tomorrow is an initiative whose aim is to make green and sus- tainable finance a driving force in developing the Paris Financial Centre and positioning Paris as the leading financial centre on these issues.
Members of Finance for Tomorrow are signatories of a shared charter with the goal of redirecting financial flows of capital toward a low-carbon and inclusive economy, in line with the Paris Agreement and the United Nations’ Sustainable Development Goals (SDGs).
The initiative brings together more than 80 members and international observers representing the entire financial ecosystem (banks, investors, insurers, companies, professional bodies, extra-financial rating agencies, consultancies, think tanks, NGOs...), as well as municipalities (the City Paris and the Paris Region) and public authorities (the Ministries for the Economy & Finance and of the Ecological & Inclusive Transition, as well as the French Central Bank).