Contemporary climate policy, finance and governance discussions often collapse different categories into a single notion of “climate risk”. In doing so, important distinctions between institutional mandates, policy objectives, tools and authorities can become blurred.
This is the central argument put forward by Lisa Sachs, Director of the Columbia Center on Sustainable Investment (CCSI), in her recently published paper, From Planetary Hazard to Financial Stability: Disentangling Climate Risk and Institutional Responsibility.
Sachs contends that this conflation has significant consequences, creating expectations that institutions can deliver outcomes beyond their remit, encouraging the use of tools for purposes they were not designed to serve, and making accountability more difficult to assign. The result is an environment in which trade-offs are left unmanaged, prudential and technical functions become increasingly politicised, and potentially more effective responses can be overlooked.
Join CSF for a keynote presentation from Lisa Sachs, followed by a conversation with Andy O’Hare, Head of Strategy at CSF.
Together, they will explore the real drivers of capital allocation, what is and is not working internationally to mobilise private capital at scale, the role financial institutions can play in enabling investment, and what New Zealand should prioritise to strengthen its competitiveness in the contested global market.
CSF brings international perspectives and practical insights to New Zealand’s sustainable finance conversation, helping ensure we stay connected to global developments while responding to the realities of our market. This session is open to all. We encourage you to register and join what promises to be a thought-provoking discussion.
Date: 21 July
Time: 2:00pm – 3:00pm NZT
Location: Online
