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The Institute of International Finance > About Us > Our Board

OUR BOARD OUR STAFF CONTACT THE IIF Home » About Us » Our Board Our Board Chairman Axel Weber * Chairman of the Board of Directors UBS Group AG Vice Chairman Walter Kielholz * Chairman of the Board of Directors Swiss Re Ltd. Vice Chairman Brian Porter * President and Chief Executive Officer Scotiabank Vice Chairman and Treasurer Board Members Timothy Adams * President and CEO President and CEO Institute of International Finance Saeed Al-Ghamdi + Chief Executive Officer National Commercial Bank Abdulla Al-Khalifa + Acting Group CEO Qatar National Bank Oliver Bäte Chief Executive Officer Allianz SE Walter Bayly + Chief Executive Officer Credicorp Ltd. Ana Botín Executive Chairman Grupo Santander Candido Bracher + Chief Executive Officer Itaú Unibanco John Dugan Chairman Citigroup Inc. Douglas Flint Chairman Standard Life Aberdeen James Gorman Chairman and Chief Executive Officer Morgan Stanley Piyush Gupta *+ Chief Executive Officer DBS Group Holdings & DBS Bank Ltd Ralph Hamers CEO and Chairman of the Executive Board ING Group Brian Hartzer Chief Executive Officer & Managing Director Westpac Group Nobuyuki Hirano President and CEO Mitsubishi UFJ Financial Group, Inc. Jean Lemierre Chairman of the Board BNP Paribas Michel M. Liès Chairman of the Board Zurich Insurance Group Ltd Rania Mahmoud Nashar Chief Executive Officer Samba Financial Group Tetsuo Ohkubo Tetsuo Ohkubo President and CEO Sumitomo Mitsui Trust Holdings Frédéric Oudéa * Chief Executive Officer Société Générale Daniel Pinto Co-President and Chief Operating Officer/ CEO, Corporate & Investment Bank JPMorgan Chase Urs Rohner Chairman of the Board of Directors Credit Suisse AG Suzan Sabanci Dincer + Chairman and Executive Board Member Akbank T.A.S Tatsufumi Sakai Chief Executive Officer Mizuho Financial Group Charles Scharf Chairman and Chief Executive Officer BNY Mellon Christian Sewing Chief Executive Officer Deutsche Bank Jes Staley Chief Executive Officer Barclays plc Olaug Svarva Board Chair DNB Makoto Takashima President and CEO Sumitomo Mitsui Banking Corporation Johan Torgeby President and CEO SEB Group Andreas Treichl Chairman of the Management Board and Chief Executive Erste Group Bank AG Sim Tshabalala + Group Chief Executive Standard Bank Group Mark Tucker Group Chairman HSBC Holdings PLC Carlos Torres Vila Chairman BBVA José Viñals Group Chairman Group Chairman Standard Chartered Plc John Waldron President & Chief Operating Officer Goldman Sachs & Co Shemara Wikramanayake Chief Executive Officer Macquarie Group Limited Martin Zielke Chairman, Board of Managing Directors Commerzbank AG * Member of the Executive Committee + Member of the Emerging Markets Advisory Council IIF Headquarters 1333 H St NW, Suite 800E Washington, DC 20005-4770 T el: +1 202 857-3600 Fax: +1 202 775-1430 Email: [email protected] FOLLOW:.

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Shaping the Future – Green and Sustainable Finance in Germany
Shaping the future – green and sustainable finance in Germany August 2018 1 Green and Sustainable Finance Cluster Germany e. V. Adickesallee 32-34 60322 Frankfurt am Main Germany [email protected] www.gsfc-germany.com 2 Contents Forewords 7 Executive Summary 11 1. An empirical market survey or: walk the talk? 12 2. From niche to mainstream: the rising relevance of sustainable finance 20 2.1 The German financial sector in the global context 20 2.2 Regulatory developments 23 3. Global trend and local implementation – sustainable finance initiatives based on examples from other financial centres 26 4. Green and Sustainable Finance Cluster Germany 30 4.1 Role 30 4.2 Mission and objectives 30 4.3 Areas of action 31 Quotes by board members 36 Acknowledgement 39 Annex 1 42 Annex 2 49 3 Charts Fig. 1: Results of the survey on organisation and reporting 16 Fig. 2: Proportion of financial institutions where the products referred to are part of the core business or are highly significant 16 Fig. 3: Top 3 non-product-related activities 17 Fig. 4: Top 3 tools to manage sustainable investment and finance 17 Fig. 5: Top 3 perceived drivers and barriers to sustainable finance 18 Fig. 6: Action required to eliminate existing barriers 20 Fig. 7: Background information on the sustainable finance initiatives in Paris, London and Luxembourg 37 Fig. 8: GSFCG action matrix 40 4 Abbreviations ASFI Accelerating Sustainable Finance Initiative“ IWF Renewable Energy Institute BCG Boston Consulting Group KfW Kreditanstalt für Wiederaufbau (German promotional bank) BDI Bundesverband der Deutschen Industrie e.V.
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November 2020 Contents
Shaping the Future – Green and Sustainable Finance in Germany 2.020 An empirical analysis of the German sustainable finance market in the European context November 2020 Contents Foreword 3 Dr. Jörg Kukies – State Secretary at the Federal Ministry of Finance 3 Tarek Al-Wazir – Minister of Economics, Energy, Transport and Regional Development in the Federal State of Hesse 4 Kristina Jeromin & Karsten Löffler – Managing Directors of the GSFCG e. V. 5 Overview 7 1 Transforming the financial system – sustainable finance goes mainstream 10 1.1 Developments at European level in the last two years 11 1.2 International developments in the last two years 18 1.3 Developments in Germany in the last two years 20 2 A dynamic market environment – sustainable finance gathers pace 23 2.1 Looking back at Shaping the future – green and sustainable finance in Germany. 23 2.2 Findings from the market survey 26 3 Looking back at two eventful years 35 4 The Cluster as central actor for the bringing to gether of all the interest groups for the great transformation 41 Selected literature 45 Abbreviations 47 Acknowledgement 48 Foreword Dr. Jörg Kukies – State Secretary at the Federal Ministry of Finance A lot has happened since the publication of the last baseline report of the Green and Sustainable Finance Cluster Germany in 2018. This is true of the progress we have made in sustainable finance. And it is sadly also true of the environmental disasters that have occurred, reminding us of the ambition Dr. Jörg Kukies and urgency still required in this field. The accele State Secretary at the Federal rating pace of climate change, along with the Ministry of Finance COVID19 pandemic, is a sign that our society needs to do more to achieve the UN Sustainable Develop- new regulations find acceptance and success.
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