Background

Financed emissions—the greenhouse gas emissions generated as a result of financial services, investments, and lending by financial institutions—are challenging to measure. This complexity often leads to underreporting or misreporting. As a significant component of Scope 3 emissions for financial institutions, reducing financed emissions is critical for achieving net-zero goals. To address this challenge, adopting standardized carbon accounting frameworks, such as the Partnership for Carbon Accounting Financials (PCAF), can provide valuable guidance.

To advance understanding and practices in this area, Working Group 2 (WG2) of the GIP, focusing on sustainability disclosure and co-hosted by HSBC and Crédit Agricole CIB, with support from Ernst & Young, is organizing a webinar on financed emission accounting. The session will feature experts from PCAF, Chinese and global banking institutions, and professional service or data providers. Discussions will cover a range of topics, including the latest PCAF methodologies, Chinese guidelines for financed emissions accounting, practical applications by banking institutions, and the challenges and solutions surrounding this critical issue.

English and Chinese simultaneous translation will be provided for the event. If you are interested in the seminar, please scan the QR code below to register. Please note that event details will be shared upon successful registration.

We sincerely anticipate your participation.

Information

Date: December 12th (Thursday), 2024

Time: 4:00 pm to 6:10 pm, Beijing time

Location: Tongzhou, Beijing

(Detailed information will be sent via email approximately two days before the event, following successful registration.)

Language: Chinese & English

Scan QR Code for Registration

Agenda

16：00-16：10

Opening Speech

CHENG Lin, Head of GIP Secretariat Beijing Office

Huifeng ZHANG, Managing Director, Corporate Sustainability, HSBC Asia Pacific

16：10-16：30

Presentation: Enabling financial institutions to measure Greenhouse Gas emissions associated with financial activities: Updates on PCAF

Ivan Frishberg, Global Board Chairman of PCAF

16：30-16：40

Presentation: Financed emissions: Navigating the data challenge

Milo Sjardin, Group Head of Climate Analytics, HSBC

16：40-17：00

Presentation: Bank of Huzhou's Financed Emission Calculation Practice

REN Feizhou, Senior Manager, Green Finance Department, Bank of Huzhou

17：00-17：10

Presentation: China’s policy and guidelines for financed emission disclosure

Sabrina Zhang, CEO, Smartesg

17：10-18：00

Panel Discussion

Prabina Khanal, Asia-Pacific Coordinator and the Technical Assistance Lead, PCAF

Via Azlia Widiyadi, Research Associate of Climate Policy Research Unit, CSIS

Conrad Albrecht, Managing Director, Eurasian Development Bank

Dina Zhanadil, Managing Director, Development Bank of Kazakhstan

Valentina Wu,  Director, Research and Development, SynTao Green Finance

18：00-18：10

 Concluding Remarks