[Event]
Financium 2019: Reconciling Meaning & Complexity
Regional Trophy: Every region has its champion!
Organized by the Network of Financial Executives – DFCG
Charlotte Gardes, economist at BSI Economics, spoke at the Regional Trophy awards ceremony during the Financium event organized by the DFCG on December 10 in Paris [Click here to be redirected to the event website].
The DFCG Trophy rewards the Chief Financial Officer or Director of Management Control of a company in one of our 12 regions. This year, Mandarine Radisson, CFO at SBM Company (Auvergne Rhône-Alpes), was chosen for the relevance of her management methods and the results they have achieved.
Charlotte Gardes’ presentation focused on « the drivers of financing the ecological transition in the regions, taking into account local considerations and European influences. »
Sustainable finance is not an oxymoron, quite the contrary. The consequences of global warming have a direct impact on our economy. The financial sector is tending to become increasingly « green » in order to achieve two objectives: on the one hand, to finance the energy transition by redirecting capital towards low-carbon projects, and on the other hand, to enable the financial sector to take greater account of the risks associated with climate change.
Today, it is difficult to precisely determine whether an activity is « green » or not. A classification exists at the European level, providing a common language for the greening of the financial sector. However, companies must emphasize the non-financial information they publish, which allows investors to judge their environmental impact.
At the local level, communities have several tools at their disposal to finance their low-carbon transition: cooperatives, local investment funds, crowdfunding, etc. The Covenant of Mayors, little known to the general public, is also the world’s largest movement of cities for local climate and energy action.
Investors’ appetite for sustainable finance is growing, and there is an urgent need to integrate the uncertainty associated with climate change into our economic models.
Photo and video credits: Financium by DFCG, 2019
