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Welcome Jérémie Pélerin, European Affairs Director, AFEP

Opening speech Ugo Bassi, Director for Financial Markets, DG FISMA, European Commission

Moderated by Karel Lannoo, CEO, CEPS Panel 1: Sustainable Finance Action Plan: How to Avoid Greenwashing and Provide Real Solutions? Moderated by Karel Lannoo, CEO, CEPS Sylvain Favre-Gilly, Managing Director, BlackRock France, Belgium and Luxembourg Molly Scott Cato, Member of the European Parliament (Greens, UK) Martin Spolc, Head of the CMU Unit, DG FISMA, European Commission Michel Washer, Deputy Chief Sustainability Officer, Solvay, Member of the GRI Global Sustainability Standards Board

The Shift Project Study for AFEP on Climate Risk Analysis Nicolas Boquet, Director for Environment, Climate and Energy, AFEP

Climate risk analysis study by The Shift Project for Afep : main players Credit rating agencies Index providers Extra-financial rating agencies COMPANIES “Carbon” data providers Banks Public authorities Auditors

Climate risk analysis study by The Shift Project for Afep : 5 key findings 1. Very strong momentum on “climate” 2. Climate becoming a distinct issue within ESG 3. Scope of the rating still limited 4. Inadequate resources for “climate” rating 5. Temptation to use overly simple and static methodologies

French companies’ recommendations on sustainability rating Elisabeth Gambert, Director for CSR and International Affairs, AFEP

French companies’ recommendations on sustainability rating Independence between analysis and consulting Transparency of methodologies Transmission of ratings to companies Quality of the information collection process Stability of methodologies Consideration of sector-based or national specificities Transparency of the handling of controversies Requirement to adopt a code of conduct European framework to impose minimum transparency requirements

Moderated by Karel Lannoo, CEO, CEPS Panel 2: Climate reporting : How to Make It Useful for Low-Carbon Investments ? Moderated by Karel Lannoo, CEO, CEPS Adrien Assous, Chair of the Board, Sandbag Aurélie Baudhuin, Deputy CEO and Director for SRI Research, Meeschaert Asset Management Liliana Franco, Director, Accounting Organization and Methods, Air Liquide, Member of the TCFD Alice Peyrard, Director Climate Change Commitment, Veolia  

Sandbag’s suggestions: - Disclose EU ETS production data to investors and to the public - Cross-check EU ETS emissions data with extra-financial reporting - Use EU ETS detailed production and emissions data to assess corporate resilience to climate risk and optimise ETS incentives Adrien Assous 18 October 2018

Closing remarks, Mauro Petriccione, Director-General, DG CLIMA, European Commission Acknowledgements and take-aways, François Soulmagnon, Director-General, AFEP