Impact through Innovation—Finance and the Transition to Sustainability

When people talk about the future of the financial industry, the term "sustainable finance" is bound to come up sooner rather than later. No other topic is currently shaping and occupying the global financial industry more, despite its complexity and multidimensionality. Against this backdrop, renowned figures from the financial industry and academia discussed and cast light on various aspects of the multi-layered sustainability universe at this year's SFI–SSF conference, in Zurich's Metropol.
Date14 Sep 2023
CategoryNews

In keeping with tradition, Professor François Degeorge, Managing Director of SFI, opened the SFI–SSF conference, which this year explored "Financial Innovation—Accelerating the Change". Together with Sabine Döbeli, CEO of Swiss Sustainable Finance, Professor Degeorge answered opening questions from moderator Olivia Kinghorst.

Jared Bibler, Founder and Director of Katla, kicked off proceedings with an exciting keynote speech that focused on the financial system as a whole. SFI Professor Zacharias Sautner, from the University of Zurich, then opened the thematic block "Climate Risk for Banks", before Eric Bonnin, Strategic Advisor Energy Transition and Sustainable Finance at Société Générale, explained the role of the financial industry in the energy transformation phase of the green transition. The first part of the conference was brought to a close by Alfred Ledermann, Co-Head Sustainability at UBS, who highlighted the challenges but also the opportunities of the reorientation required of the banking sector.

The second thematic block of the conference—entitled "Innovation and Impact"—was launched by SFI Professor Eric Nowak, from the University of Zurich, addressing the question of what influence the financial industry actually has on the climate or on biodiversity, while Rochus Mommartz, CEO of responsAbility, shared his thoughts on the impact and scope of the emerging industrialization of sustainable finance. The block was rounded off by Marie-Laure Schaufelberger, Head of Group ESG & Stewardship at Pictet Group, who addressed the most important levers and challenges in the area of public markets. The final highlight of the conference was the closing panel discussion, which featured Dr. Alexander Barkawi, Founder and Director of the Council on Economic Policies, Dr. Thomas Heinzl, Chief Financial Officer of Vontobel, and Johanna Preisig, Head of Strategic Services at FINMA.