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World Bank-WWF Sustainable Finance Forum

October 2, 2018

Kuala Lumpur, Malaysia

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  • The World Bank Group (WBG) Global Knowledge and Research Hub Malaysia and the World Wildlife Fund will host a joint forum on Sustainable Finance on Tuesday, October 2, 2018 at Sasana Kijang, Kuala Lumpur. Sustainable finance is key to realize the implementation of the 17 Sustainable Development Goals (SDG). It also enables countries to achieve their nationally determined contributions (NDCs) targets under the Paris Climate Agreement. According to the United Nations Conference on Trade and Development (UNCTAD), achieving the Sustainable Development Goals (SDGs) will take between US$5 to $7 trillion, with an investment gap in developing countries of about $2.5 trillion.

    The Sustainable Finance Forum will gather market actors, including financial regulators, banks, institutional investors, policy makers and practitioners from various jurisdictions. They will share their experiences incorporating Environmental, Social and Governance (ESG) guidelines into their investment and business processes and their approaches to responsible and sustainable investments.

    The aim of this discussion is to identify best-practices as well as relevant policy options for enhanced and expanded incorporation of sustainability and responsible investment criteria within the financial and banking sector.

    Similarly, the event will provide opportunities for participants to learn about the recently published guide for impact reporting on green and sukuk bonds, particularly for sovereign issuers.  This will allow participants to learn how the World Bank assists sovereign issuers to overcome and manage the challenges for reporting on impact and performance of green sukuk and bonds.

  • TIME

    		AGENDA
    9:00 –
    9:50      		Registration

    9:50 – 10:00 

    Opening Remarks by Dr. Firas Raad, Country Manager for Malaysia, World Bank

    10:00 – 11:30

    Panel Discussion on Sustainable Finance and Responsible Investments

    Moderator: Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive, Securities Commission Malaysia

    Panelists:        

    • Marcelo Jordan, Senior Portfolio Manager (ESG), the World Bank
    • Mulya E. Siregar, Chief Commissioner of Bank Syariah Mandiri, Former Deputy Commissioner of Banking Supervision, Indonesia Financial Services Authority (IFSA) / (OJK)
    • Rahajeng Pratiwi, Sustainable Banking Network (SBN), International Finance Corporation (IFC)
    • Rafe Haneef, CEO, CIMB Islamic Bank

    11:30 – 12:00

    		Presentation on Impact Reporting for Green Sukuk/Bond
    • Presenter: Farah Imrana Hussain, Senior Financial Officer, World Bank

    12:00 – 12:30

    		Presentation on Using Science to Enhance Credibility in Green Finance
    • Presenter: Keith Lee, Sustainable Finance Engagement Manager, WWF

    12:30 – 1:00 

    End. Light refreshments will be served

     

  • Datuk Zainal Izlan

    Datuk Zainal Izlan was appointed Deputy Chief Executive of the Securities Commission Malaysia (SC) in April 2018. He joined the SC in January 2011 as Executive Director, Islamic Capital Market and was appointed Managing Director, Development and Islamic Markets in November 2016. He is also Chairman of Capital Markets Malaysia, an entity established by the SC to promote the Malaysian capital market. Datuk Zainal Izlan holds a Bachelor of Science in Economics (dual concentration in Accounting & Finance) from The Wharton School, University of Pennsylvania, USA, and is a Chartered Financial Analyst (CFA) charter holder. He has over 25 years’ experience in the financial services industry. He began his career with Citibank before joining MIDF Amanah Asset Management. Just before joining the SC, Datuk Zainal Izlan was the Chief Executive Officer of i-VCAP Management.

    Dr. Firas Raad

    Dr. Firas Raad is currently the World Bank Country Manager for Malaysia beginning his assignment in August 2018. As Country Manager, he heads the World Bank Group’s Global Knowledge and Research Hub in Kuala Lumpur. Prior to Malaysia, he served for three years as the World Bank Country Manager in Kuwait overseeing a large Reimbursable Advisory Services (RAS) Country Program focused on supporting the long-term development priorities of the Kuwaiti Government. Dr. Raad has a Bachelor’s Degree in Economics from the Johns Hopkins University, a Masters and Doctoral Degree in International Health Policy and Economics from the Harvard School of Public Health and a Masters’ Degree in international relations from Johns Hopkins School of Advanced International Studies (SAIS).

    Marcelo Jordan

    Marcelo Jordan is currently Senior Portfolio Manager (ESG) at the World Bank’s Pension Fund. As such, he oversees driving ESG integration within the WB’s Pension Fund and coordinates initiatives to enhance existing responsible ownership policies and practices. Prior to joining the WB pension fund Marcelo worked for the UN Climate Change Convention, where he specialized in climate finance and assisted with investor outreach and engagement in the lead up to the Paris climate summit. He started his career in the private sector as a financial analyst, and subsequently worked for the Central Bank of Bolivia, where he was a trader and portfolio manager, and subsequently in charge of the investments department within the central bank’s foreign exchange reserves management area. Marcelo has a Master of Applied Finance from Victoria University of Wellington in New Zealand, and an MSc in Environmental and Social Policy from the University of Oxford.

    Dr. Mulya E. Siregar

    Dr. Mulya E. Siregar was appointed the Chief Commissioner of Bank Syariah Mandiri, the biggest Islamic Bank in Indonesia in April 2017. Before that, he was a Central Banker with Bank Indonesia for over 34 years, his last position being Deputy Commissioner of Banking Supervision, Indonesia Financial Services Authority (IFSA) which oversaw the Banking Research and Regulation Department (DPNP), Syariah Banking Department (DPbS) and Banking Information and Licensing Department (DPIP). He was enrolled in the School of Agricultural Economics, Bogor Institute of Agriculture (IPB) in 1980 and earned his MSc in Agricultural Economics from Ohio State University in 1989.

    Rafe Haneef

    Rafe Haneef became the Chief Executive Officer of CIMB Islamic Bank Berhad in January 2016 and is in charge of the CIMB Group's Islamic banking and finance franchise. CIMB Islamic operates as a parallel franchise to the Group’s conventional operations and covers Islamic wholesale banking, Islamic consumer banking, Islamic commercial banking and Islamic asset management and investment. Rafe has 20 years of experience covering a range of businesses and functional roles gained from three global banks, an international asset management company and a legal firm, at various financial centers including London, Dubai and Kuala Lumpur. He read law at the International Islamic University Malaysia and holds an LL.M degree from the Harvard Law School. He was admitted to the Malaysian Bar in 1995 and qualified for the New York State Bar in 1997.

    Rahajeng Pratiwi

    Rahajeng Pratiwi is the project leader for IFC’s sustainable finance advisory project in Indonesia with a focus on environmental and social risk management for financial institutions. She leads the cooperation between IFC and the Indonesia Financial Services Authority (OJK) on development of Roadmap on Sustainable Finance issued in 2014 and the Sustainable Finance Policy issued in 2017. Ms. Pratiwi joined IFC Indonesia in 2005. Prior to joining IFC, she spent over 5 years in various capacities, providing multinational organizations and governments with strategic counsel and project implementation across the full spectrum of sustainability issues. She holds a Master of Business Administration and a bachelor’s Degree in forestry.

    Farah Imrana Hussain

    Farah Imrana Hussain is a Senior Financial Officer at the World Bank Treasury based in Washington DC. She is part of a team of financial specialists that design and implement financial solutions to help clients: (1) access financing for development by mobilizing World Bank Group resources and private sector financing; (2) mitigate the impact of financial, natural disaster and commodity risks by facilitating access to market-based risk management tools; and (3) strengthen capacity to implement efficient risk management strategies by providing advisory services. Before joining the World Bank Treasury in 2010, Ms. Hussain worked for the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group that provides guarantees to attract investors and private insurers into difficult operating environments such as the world’s poorest countries and fragile and conflict-affected environments.

    Dr. Keith Lee

    Dr. Keith Lee is a Sustainable Finance Engagement Manager at WWF, where he engages with finance sector stakeholders and conducts research and capacity building on responsible lending and investment. Most recently, he co-authored Keep Palm, a primer for investors on sustainability in the palm oil sector, released in July 2018. His background combines sustainability expertise and finance sector experience. He has published in leading peer-reviewed journals on sustainability-related topics such as food waste and livestock production’s climate change impacts. Prior to joining WWF, he completed his PhD at the University of California, Berkeley, where he specialized in sustainability theory and practice. Keith also holds a master’s degree in environmental management from Yale University and a bachelor’s degree in economics from the University of Chicago.

DETAILS

  • WHERE: Forum, Level 1, Sasana Kijang, Kuala Lumpur
  • WHEN: October 2, 2018
  • LANGUAGE: English
  • FEE: No Fees. Participants are responsible for making their own travel and accommodations arrangements. Subject to availability of seats and confirmation by the organizers.
  • RSVP: Please RSVP by September 30, 2018.
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