To achieve net-zero, every economic sector will need to decarbonize, and financial institutions need to fund activities supporting this transition. Financial institutions and their customers will need to develop credible transition plans.



The panel discussed:

• the common elements for transition plans;
• the need for financial regulators to set supervisory expectations for transition plans; and,
• how transition plans should be considered within the prudential framework.

Panelists:

Martin Moloney, Secretary General, International Organization of Securities Commissions

Irene Espinosa Cantellano, Deputy Governor, Banco de México

Michael Jantzi, Board Member, International Sustainability Standards Board

Thomas Beretti, Senior Advisor to the NGFS Secretariat; Head of Division, Climate Change Centre, Banque de France

Moderator:

Babak Abbaszadeh, President and CEO, Toronto Centre

Read the transcript here. Read their biographies here.

https://www.torontocentre.org/