The Irish Department of Finance, in association with Sustainable Nation Ireland (SNI), is hosting Ireland’s Second Annual Global Sustainable Finance Workshop, Accelerating the Scale and Pace of Sustainable Finance, in Dublin on June 4.
This workshop aligns with Ireland’s membership of the Coalition of Finance Ministers for Climate Action and the Network for Greening the Financial System. It builds upon a period of extraordinary growth and momentum in the Irish sustainable finance sector and increasing recognition of the Irish financial sector’s capacity to provide sustainable finance services, and of Dublin as a global finance hub.
That recognition is evidenced by Dublin’s designation as European hub of the UN Environment Programme Financial Centres for Sustainability (FC4S) global network, followed by Ireland’s issuance of its first green bond in October 2018, the World Bank’s issuance of a $1.5 billion sustainable bond into the Irish market in May 2019, alongside Ireland’s First Annual Sustainable Finance Workshop, and the International Finance Corporation’s (IFC) $750 million green bond issuance in September 2019. Like the World Bank bond, the IFC bond is listed in Dublin. Most recently, in November 2019, Euronext announced that its newly launched Green Bonds segment will be operated out of Euronext Dublin.
Furthering this momentum, the June 2020 workshop advances important national and global goals. First, it reaffirms the Irish Government’s commitment to providing leadership in sustainable finance. Second, it highlights the Irish financial sector’s capacity in all aspects of global financial services. At the global level, the workshop will probe how policymakers and regulatory authorities can help achieve the scale of sustainable infrastructure investment we need.
Looking forward, the workshop will ask global thought leaders in sustainable finance, to envision the next generation of financial innovation. Specifically, beyond green bonds and blended finance instruments, what instruments and financing facilities can international financial institutions and others pioneer in order to galvanize investment from the global savings and investment pools that will help the transition to a net zero world? National thought leaders will comment on how Ireland might support such innovation.
Workshop participants will include senior-level representatives from all aspects of the global and national financial sector. The event is designed to encourage substantial participant interaction, solicit concrete suggestions for the path forward, and sow the seeds for shared action and future collaboration between participants.
Programme to follow shortly.