Ethical Corporation's Sustainable Finance Summit to Take Place on 28th-29th November in London.LONDON -- Interest in sustainable finance appears to have reached a tipping point The point in time in which a technology, procedure, service or philosophy has reached critical mass and becomes mainstream. See network effect. See also tip and ring. . Growth in the sector over the last ten years has been staggering: the Equator Principles The Equator Principles is a set of environmental and social benchmarks for managing environmental and social issues in development project finance in the emerging markets. Once adopted by banks and other financial institutions, the Equator Principles commit the adoptees not to for project finance now cover over 80% of the industry, and already the UN Principles on Responsible Investment have attracted banks with combined assets of over $5 trillion. Banks and financial institutions now understand that they play a key role in facilitating stable, sustainable development. "The pace at which firms in the financial sector have begun integrating stakeholder concerns into their core business activities is startling star·tle v. star·tled, star·tling, star·tles v.tr. 1. To cause to make a quick involuntary movement or start. 2. To alarm, frighten, or surprise suddenly. See Synonyms at frighten. ," explains lead author Andrew Norton in Ethical Corporation's recently published 44-page special report Financial sector responsibility: The state of the art. But much work on implementation and policy development remains. These issues will be addressed at Ethical Corporation's upcoming Sustainable Finance Summit, on 28(th)-29(th) November at the Regent's Park Marriott Hotel in central London. Featuring insight from top bank executives and case studies of successful initiatives, the conference aims to establish the relative importance of sustainable and responsible policy and strategy in financial institutions. The core sessions of the summit will include: How to link business strategy to sustainability. Led by Jon Williams (Head of Group Sustainable Development), this session outlines how HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) drove to become the Financial Time's "Sustainable Bank of the Year". A panel discussion on the challenges of implementing the revised version of the Equator Principles, such as the role of NGOs and difficulties with extractive extractive /ex·trac·tive/ (-tiv) any substance present in an organized tissue, or in a mixture in a small quantity, and requiring extraction by a special method. ex·trac·tive adj. 1. industry finance, featuring commentary from top executives at Barclays, Citigroup, ABN AMRO, Sustainable Finance, BankTrack, ICMM ICMM International Council on Mining and Metals ICMM Instituto de Ciencia de Materiales de Madrid ICMM International Congress of Maritime Museums ICMM Institute of Continuous Media Mechanics ICMM Internet Commerce Market Model , and The Wall Street Journal. A case study on what consumers want from responsible banks, based on the latest research on ethical consumerism by the The Co-operative Group, delivered by Barry Clavin (Ethical Policies Manager). A look at microfinance and the emerging trends for financing the "bottom of the pyramid In economics, the bottom of the pyramid is the largest, but poorest socio-economic group. In global terms, this is the four billion people who live on less than $2 per day, typically in developing countries. ", moderated by Barclays' Peter Kelly (Head of Financial Inclusion). Complete conference information, including the full conference programme, can be found at: http://www.ethicalcorp.com/finance/ To access a free PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. copy of the Financial sector responsibility report, please visit: http://www.ethicalcorp.com/fsr/. About Ethical Corporation Founded in 2001, Ethical Corporation is an independent publisher and conference organiser covering how companies relate to the world around them. Ethical Corporation publishes a monthly print magazine, a daily website, holds conferences around the world, and produces reports on business ethics in global firms. |
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