Sustainable Finance, Carbon Markets and AI
Presented by SGInnovate and the Embassy of Switzerland
Humanity has been operating out of balance with natural resources for far too long, placing economic growth ahead of environmental and social costs. Individuals, corporates and governments are starting to recognise that we need to act responsibly to support positive change. The UN’s 17 Sustainable Development Goals (SDGs) have given us a measurement framework to pivot towards a more balanced future, respectful of Environment, Society and Governance (ESG).
As countries develop their strategies in line with their commitments to the Paris Agreement, the financial world is moving more and more towards sustainable finance. Sustainable finance generally refers to the process of integrating ESG considerations when making investment decisions. In Singapore, the Monetary Authority of Singapore (MAS) is taking active steps to promote sustainable financing and recently announced the placement of US$2 billion of its funds with asset managers who are committed to deepening green finance activities out of Singapore. In Switzerland, Geneva is a global hub for innovative sustainability-focused organisations, e.g. Sustainable Finance Geneva, which aims to accelerate the growth of sustainable finance by engaging in dialogue with the world's leading financial centres.
Carbon credits and carbon markets have an important role to play in the battle against climate change. They enable companies to support decarbonization beyond their own carbon footprint and help finance projects for the removal of carbon dioxide from the atmosphere, which will be needed to neutralize residual emissions that will persist even under the most optimistic scenarios for decarbonization. Voluntary carbon markets are extremely dynamic in their evolution. However, these markets have numerous challenges to overcome, largely revolving around transparency and credibility.
How can carbon markets help in the transition towards a low-carbon economy? What are the main hurdles to the broader adoption of carbon markets around the globe? Join us with our speakers to understand how AI technologies and innovation can help improve transparency and build trust in global carbon markets for inclusive and diverse participation, particularly taking advantage of the power of capital markets to drive ESG for the planet.
Date: 27 April 2021, Tuesday
Time: 4:00pm - 5:00pm (Singapore Time / UTC +8)
4:00pm - 4:05pm: Opening Remarks
4:05pm - 5:00pm: Panel Discussion and Q&A on Sustainable Finance, Carbon Markets and AI with
- Andrew Glass, Head of Sales & Partnerships, Viridios Capital
- Marion Verles, CEO, SustainCERT
- Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore (MAS)
Andrew Glass, Head of Sales & Partnerships, Viridios Capital
Andrew Glass is Head of Sales & Partnerships at Viridios Capital that utilises unique AI technology to value the taxonomy of attributes in the voluntary carbon markets, including sustainability co-benefits. S&P Global Platts has partnered with Viridios Capital to launch voluntary carbon indices for broad price transparency.
Andrew comes to the carbon markets via a diverse career in international commodities for over 25 years, with a range of global physical trading & financial organisations. In 2017 he founded Avatar Commodities, which successfully designed, built & delivered significant change & value for Anglo American, among many other clients.
This background aligns with Viridios Capital's vision, which foresees the development of carbon markets to in many ways parallel commodity market evolution, though much faster and with a thirst for technological solutions to benefit the whole ecosystem.
Marion Verles, CEO, SustainCERT
Marion Verles is the CEO of SustainCERT, a mission-driven company that offers next-generation impact accounting and certification solutions for carbon markets, corporate reporting and impact investing.
Marion brings to SustainCERT her deep knowledge of the carbon markets and her passion for pioneering new approaches to financing climate and development interventions. Prior to launching SustainCERT, Marion officiated as CEO of the Gold Standard Foundation, a standard that works to ensure every dollar of climate and development funding goes as far as it can. She also founded Nexus-Carbon for Development, a cooperative of development organisations looking to scale their climate mitigation programs through results-based finance.
Before joining the climate and development arena, Marion worked at Barclays Bank as a corporate development analyst. She holds a Masters in European Business and a Masters in Public Administration.
Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore (MAS)
Sopnendu Mohanty is the Chief Fintech Officer of the Monetary Authority of Singapore (MAS). He joined MAS in August 2015, responsible for creating development strategies, public infrastructure and regulatory policies around technology innovation. Since 2015, Singapore has become one of the top global fintech hubs covering a wide range of financial asset classes, including adjacent technology innovations in areas like insurance, digital assets, blockchain, artificial intelligence, reg-tech and green-finance.
Before MAS, Sopnendu spent over 20 years in various leadership roles in technology, finance and innovation, with most of his career in Citigroup. Sopnendu is a member of multiple advisory committees of multilateral global agencies, associations, universities, and governments. He is an avid speaker, global thought leader in FinTech, and advocate of accelerated transformation to a digital economy for solving financial inclusion and sustainability challenges.