2024.11.14 Thu.
- 11:45 - 13:00
-
Accelerating Credible Net-Zero Transition - From Planning to Action
- Organizer
- Ministry of the Environment
- Co-organizer
- OECD
- Details
-
Abstract
To achieve the Paris climate goals, all economic sectors, including hard-to-abate sectors, will need to rapidly transform their business plans in alignment with net-zero pathways. The only way that a company can address such difficult challenges is to develop a robust and credible corporate transition plan and implement them amid changing market circumstances.
National and international frameworks on climate transition plans developed by corporates and financial institutions have significantly increased in recent years. This increased guidance and attention to transition has helped fuel a recent acceleration in activity among corporates and financial institutions in developing transition plans. The financial sector can support such endeavour by evaluating the credibility of their transition plans and providing finance to enable the transformation articulated in their plan.
In this event, organised jointly by the OECD and the Ministry of the Environment of Japan, panellists will discuss what is needed to accelerate the development of transition plans, progress to date, emerging challenges and how they could be solved or mitigated.Program
Opening Remarks
- MATSUZAWA Yutaka | Vice-Minister for Global Environmental Affairs, MOEJ
Keynote presentation
- IKEDA Satoshi | Chief Sustainable Finance Officer, Financial Services Agency, Government of Japan
Panel Discussion
- Carmen NUZZO | Executive Director, Transition Pathway Initiative Centre, London School of Economics
- HIROWATARI Kimiyo | Manager, Financial Planning Division, Project Director, Growth Strategy Office, Mitsubishi Heavy Industries, Ltd.
- Mathilde MESNARD | Deputy Director, Environment Directorate, OECD
- Pamela LEE | Deputy Chief Sustainability Officer, Monetary Authority of Singapore
- MIYAMOTO Yasutoshi | General Manager, Responsible Investment Strategy Office, Nippon Life Insurance Company
Q&A with the audience
- Same as "Panel Discussion"
Key takeaways
- Same as "Panel Discussion"
Closing Remarks
- IKEDA Satoshi | Ditto
- Session Summary
-
Private sector highlighted that green or transition bonds are used for technology development with large CAPEX and long-term commitment. The importance of presenting options while discussing corporate strategies in engagement was emphasized.
From the policy side, an analysis reveals that companies face persistent gaps between planning and implementation. Efforts to develop guidelines and guidance for sound planning were shared. Panelists shared their view that promoting action through the alignment across frameworks and fostering dialogue among different actors are keys to closing those gaps.
VM MATSUZAWA Outlining Japan's Initiatives 
Agile Disucssion among Panelists 
Panelists with Diverse Backgrounds