SIF Ireland’s programme of activities is supported by a number of workgroups.
SUBCOMMITTEE ON ESG DAY STATE OF PLAY REPORT
In light of the EU Action Plan on Financing Sustainable Growth, this workgroup, chaired by Irish Life Investment Managers, is committed to accelerating efforts to raise awareness of the ESG agenda across all Irish-located asset classes. Under action 23 of the Government’s Ireland for Finance strategy, SIF Ireland has been tasked with producing an annual report that highlights agenda drivers, measures the growth of the sector, measures progress on advancing the agenda, identifies barriers to continued growth and identifies relevant recommendations to support efforts to raise awareness.
Members include: representatives of Maples Group, KBI Global Investors, the Irish Association of Pension Funds, and the Irish Association of Asset Managers. Report development is supported by PwC. This report has been produced in both 2018 and 2019, launched as part of an annual ESG Day. In 2020, the areas the report will cover include Asset Ownership, Asset Management, Banking and Insurance.
SUBCOMMITTEE ON FUTURE SKILLS REQUIREMENTS
Across Q2 and Q3 2019, this workgroup, chaired by Bank of Ireland, undertook a deep sector analysis of future sustainable finance and responsible investment skills and talent requirements, under action 38 of the Government’s Ireland for Finance strategy.
Members include: representatives of Bank of Ireland, AIB, BNP Paribas, Davy Assest Management, Irish Life Investment Managers, Matheson (representing the Irish Funds Industry Association), the Banking and Payments Federation of Ireland (BPFI), Insurance Ireland, Financial Services Ireland (FSC IBEC), Theodor Cojoianu, SIF Ireland Academic-in-Residence. The workgroup was advised by Dawn Slevin, CEO, ELS Europe, and member, European Commission TEG. Report development is supported by Deloitte, funded by Skillnet Ireland.
As a result of this group’s work, a new programme of ESG skills development is currently in development under the Sustainable Finance Skillnet platform.
SUBCOMMITTEE ON INNOVATION
This workgroup, chaired by the EU EIT Climate-KIC, is undertaking a feasibility study into the development of a Sustainable Finance Innovation programme supporting the creation of new IFS products and services in support of the ESG agenda, under action 27 of the Government’s Ireland for Finance strategy. The group is advised by Andreas Hoepner, Professor of Operational Risk, Banking and Finance, UCD, and member, European Commission TEG. Results from this work group are expected in June 2020.
SUBCOMMITTEE ON COMMUNICATION
Under action 49 of the Government’s Ireland for Finance strategy, the working group aims to draw on expertise from across Ireland’s financial services sector and beyond, with a view to setting out a plan that will promote Ireland as a destination of choice for sustainable finance. This working group is chaired by Insurance Ireland.