The first benchmark for green financial centres is the result of a partnership between Climate-KIC as project sponsor, I4CE which developed the methodology and PwC which collected and analysed the data. The benchmark measures and qualifies the degree of contribution of the main financial centres of the G7 countries – Frankfurt, London, Milan, New York, Paris, Tokyo, Toronto – to the financing of the climate and environment transition.
It identifies available financing and investment volumes in various green asset classes. It also provides information on three key dimensions: transparency of information, green integrity of products and services and dynamics that accelerate the flow of capital towards sustainable financing of the economy.
The results of the benchmark are mostly based on data from international rankings, which guarantees an impartial analysis of the financial centres covered and will allow follow-up over time.
The first results show that each G7 financial centre presents its own distinct strengths across different types of green finance products and services. The report provides guidance to assess which have the most complete, transparent or stringent offers.
Wider scope warranted for forthcoming editions: this first benchmark does not purport to give an exhaustive report of the ‘green’ performance of financial centres, given the lack of consistent international data. This edition covers a limited number of asset classes and types of players: green technology financing, green bonds, listed companies, green bond issuers and institutional investors. Going forward, it should be complemented with an assessment of green loans, insurance, equity funds and private/venture equity.
advisor to the Chair of I4CE
Maria Scolan is advisor to the Chair of I4CE and project manager for climate change at the Caisse des Dépôts-strategy branch.
On behalf of the Caisse des Dépôts she participates in projects led in partnership at the international and national level.
She co-authored with Pierre Ducret the book “Climate the financial challenge “(2017), authored various publications on sustainable and climate finance issues and lectures in finance Master program.
Maria Scolan is graduated from the Institut d’études politiques de Paris (Sciences Po).
Benoît is the Managing Director of I4CE – Institute for Climate Economics, the think tank on the economics of the transition to a low-carbon and climate-resilient economy initiated by Caisse des Dépôts and Agence Française de Développement.
Benoît has been advising, since 2002, public and private decision-makers on the transition to a low-carbon and climate-resilient economy. He lectures on the economics of climate change in various Masters programs. He is also a member of several expert groups, inter alia: the French Climate Change Committee; the Kyoto Protocol’s Article 6 Supervisory Committee; the Advisory Board on Economic matters to the French Minister for Environment; the Goodplanet Foundation’s Scientific Committee.
Benoît is an engineering graduate of the Ecole Polytechnique and the ENSTA Paris Tech, and holds a Master’s degree in Environmental Economics from Paris-X University.
Pierre Ducret is Special Advisor for climate change & COP21 at Caisse des Dépôts Group. Until March 2015 he was Chairman and Chief Executive Officer of CDC Climat, a Caisse des Dépôts subsidiary dedicated to supporting the transition to an ecological and low-carbon economy.
Pierre Ducret started his career as executive manager in local development at the Caisse des Dépôts Group. Over 15 years, he contributed to regional planning and developed initiatives for local authorities.
He was also Managing Director at the Greater Lyon authority during six years.
Upon his return to Caisse des Dépôts, he was executive director of the Pensions Unit, Group Corporate Secretary, and then Director for Banking Services. From 2000 to 2010, he also directed the Caisse des Dépôts Group’s sustainability strategy, before creating CDC Climat.
He is a graduate of Sciences-Po and the Ecole Nationale d’Administration, and also holds a Master’s degree in philosophy.
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