SBA hosts debate on building bridges to transition
The goal of net zero carbon dioxide emissions has become a focus of the transition to a fair and sustainable society. The Swiss economy needs to invest almost CHF 400 billion to achieve this goal by 2050. As a study published recently by the Swiss Bankers Association and Boston Consulting Group showed, the lion’s share of this investment can be funded by the Swiss financial centre through lending and the capital market.
However, this requires bridges to be built between government, business and the financial centre. It is thus an obvious issue to address at the second meeting of Building Bridges, a joint initiative that brings all of Switzerland’s leading financial players together with authorities, UN organisations, NGOs and representatives of academia and the private sector around the same table.
With this in mind, the SBA – a founding partner of Building Bridges – is hosting a debate under the heading “Transition financing: the role of private sector financing in climate change mitigation” on 30 November 2021. Daniela Stoffel (State Secretary for International Finance) and Nathan Fabian (Chief Responsible Investment Officer at PRI and Chairperson of the European Platform on Sustainable Finance) will both give keynote speeches. Jörg Gasser (SBA), Catherine McGuinness (City of London), Christian Ossig (European Banking Federation) and Sonia I. Seneviratne (ETH Zurich) will then take part in a panel discussion on the challenges posed by the transition and its financing. The live stream of the event will start at 10 am.
“The financial centre is aware of its key role in the transition to climate neutrality, but it cannot achieve this alone. We need transparency rules for the entire economy, capital, companies and individuals that are prepared to invest, and an optimal framework put in place by the government. As the Swiss financial centre’s leading industry association, we do not just see Building Bridges as an opportunity for dialogue, we also expect concrete results in terms of moving the transition forward,” explains SBA CEO Jörg Gasser.
About Building Bridges