Ecumene 2022. Financial Forum on Sustainable Development will be held in September

C 28 to 30 September 2022 in Moscow, in the Building of the Presidium of the Russian Academy of Sciences, will be held Ecumene 2022: Global Financial Forum. As part of the three-day business program, it is planned to further discuss the issues identified in the framework of the first congress of Ecumene 2021. The leading speakers of the Forum will have the opportunity to present their ideas at the 27th Conference of the Parties to the UN Framework Convention on Climate Change (COP27), which will be held in  2022 in Egypt. The Forum will be supported by the UN, the UN Environment Programme, the UN Environment Program Finance Initiative, the UN Global Compact and the World Bank.

Within the framework of the Forum, it is planned to discuss issues of climate change, sustainable urban development, biodiversity economics, reporting in the field of sustainable development, energy transition, nature-oriented solutions and sustainable development of the Arctic region, as well as the role of central banks, stock exchanges and financial intermediaries. New for this year are sessions on lifelong learning, women in finance and fintech.

Ecumene's mission is to include Russia's position in the  global sustainable development agenda, and to bring together all the participants of the modern financial system to discuss the role of responsible finance in achieving the UN Sustainable Development Goals and the Paris Climate Agreement.

Vyacheslav Fetisov, Chairman of the All-Russian Society for Nature Conservation:

“We” must clearly understand the value of sustainable development for all Russian business. I am convinced that at the  macro level we have long since passed the point where the cost of action is much lower than the price of inaction — that is, huge swaths of the planet are becoming uninhabitable, which negatively affects the future of the global economy. The ESG metric allows investors to conduct the most complete analysis of their own investments, to be successful, making more informed and balanced investment decisions. The younger generation shows an interest in earning money, while simultaneously creating and expecting a positive effect from the results of their activities. Definitely, we should all learn to invest in our common future.

It is worth recalling that President of the Russian Federation Vladimir Putinin April 2022, instructed to consider the issue of supporting investment projects that meet the ESG criteria. The report on as assigned is due by 1 January, 2023 . The instruction reads as follows: "The Government of the Russian Federation to consider the issue of defining the criteria for classifying investment projects as the number of projects that meet the requirements of the concept of environmental, social and corporate responsibility (ESG), and also on providing measures of state support to participants in such projects» , — it was made following the results of a meeting with members of the all-Russian public organization “Business Russia”.

Reference

In  September 2021, the first Ecumene Congress on Sustainable Development, dedicated to responsible finance, was held in Moscow with the support of the UN. The event was a great success, aroused great interest among the audience, foreign and Russian speakers — world class experts. More than 110 000 spectators from 50 countries followed a rich two-day business program of the event, which included performances by           speakers from 16 countries. The results of the discussions were presented at the 15th Conference of the Parties to the UN Convention on Biological Diversity in Kunming (China) and the 26th Conference of the Parties to the UN Framework Convention on Climate Change in Glasgow (UK), which contributed to the progress of our country to ;ways to opening free access to attracting "colored" financing from international capital markets.

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