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The financial services industry has been hit by a violent crisis which raises the question of the role and functioning of financial markets. This is why, it is more than ever of utmost importance to conduct effective reflection on the necessary means to strengthen the contribution of finance to sustainable development and make financial markets better take into account the long term view. Actions have already been developed in the field of Responsible Investment (RI), micro-finance and the contribution of finance to the funding of environmental technologies and eco-sectors. This Forum, organized by Paris EUROPLACE, co-hosted by Mr Nicolas SARKOZY, President of the French Republic, and Mr José Manuel BARROSO, President of the European Commission, aims at putting together new proposals at European level.
8:15 | Welcome and registration |
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9h00 - 9h10 | Accueil: |
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9h00 - 9h10 | Introduction: |
| Jean-Hervé LORENZI, Chairman, Cercle des Economistes |
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9h10 - 9h30 | Opening address: |
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9h30 - 9h45 | Augustin LANDIER, Professor Finance Department, Stern Business School, New York University, Economist |
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9h45 - 11h15 | Round table I: "Mainstreaming the Responsible Investment Practice" |
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The "Responsible Investment" report, written by the Paris EUROPLACE working group, chaired by Antoine de SALINS, Member of the Board, Fonds de Réserve pour les Retraites (FRR), proposes a first set of recommendations related to the integration of the ESG criteria in the analysis and decision-making process of investors, the enhancement of the dialogue with corporates to encourage non financial data sharing, the implementation of incentives for European players to sign the United Nations' Principles for Responsible Investment. This round table aims at discussing the top priority measures at European level.
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| Initiatives : |
| Raoul BRIET, Chairman of the Supervisory Board, Fonds de Réserve pour les Retraites |
| Donald MacDONALD, Chair, Principles for Responsible Investment (PRI) |
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| Débat : |
| Animateur : Nicole NOTAT, Chairwoman, Vigeo |
| Else BOS, Chief Executive Officer, PGGM |
| Henri de CASTRIES, Chairman of the Management Board and CEO, AXA |
| John MONKS, Secretary General, European Trade Union Confederation |
| Yves PERRIER, Chairman & CEO, Crédit Agricole Asset Management |
| Franck RIBOUD, Chairman & CEO, Danone |
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| Q&A |
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11h15 - 11h30 | Coffee Break |
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11h30 - 13h00 | Round Table II: "Encourage Social Inclusion Initiatives" |
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Proximity savings, micro-finance, responsible credit, social venture capital… are tools under development. This round table aims at identifying the levers that could prompt the development of these techniques in order to reinforce their impact on social inclusion and making proposals at European level.
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| Initiatives : |
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| Maria NOWAK, President, ADIE, President, Réseau Européen de la Microfinance |
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| Discussion : |
| Moderator : François de WITT, Chairman, Finansol |
| Jean-Pierre KLUMPP, Chief Executive Officer, Blue Orchard Finance S.A. |
| Antony ROSS, Executive Director, Bridges Ventures |
| Aziz SENNI, Chairman, Business Angel des Cités (BAC) |
| François VILLEROY DE GALHAU, Head of Retail Banking France, BNP Paribas |
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| Reactions : |
| Martin HIRSCH, French High Commissioner for Active Solidarities against Poverty |
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13h00 - 14h30 | Buffet Lunch |
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14h30 - 15h15 | Discussion : "How to Better Take into Account the Long Term View in Financial Markets?" |
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| Alain CORDIER, former Chairman of the Executive Board, Bayard group, Chairman, Caisse Nationale de Solidarité pour l'Autonomie (CNSA), Member, Comité Consultatif National d'Ethique (CCNE) |
| André LEVY-LANG, Chairman, Risk Foundation |
| Pierre-Louis LIONS, Professeur, Collège de France, Chercheur, Université Paris Dauphine, Président du Conseil Scientifique de la Chaire "Finance et Développement Durable" |
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15h15 - 16h45 | Round table III: "Contributing to Tackling the Environmental Challenges" |
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The environment issue poses a major challenge for Europe. In March 2007, the European Council committed to 3 objectives: cut by 20% the emissions of greenhouse gases versus 1990, establish to a level of 20% the share of renewable energies in the overall energy consumption, increase by 20% the energetic efficiency. This round table discussion will seek to identify the means needed to reach these goals and go more thoroughly into the contribution of finance to solving the environmental challenges.
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| Initiatives : |
| Pierre JACQUET, Director of Strategy and Chief Economist, Agence Française de Développement (AFD) |
| Augustin de ROMANET, Chairman & CEO, Caisse des Dépôts |
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| Discussion : |
| Moderator : Arnaud de BRESSON, Managing Director, Paris EUROPLACE |
| Stewart ARMER, Head of SRI, Fortis Investments |
| Jean-Pierre CLAMADIEU, Chairman & CEO, Rhodia |
| Olivier DUPONT, Chairman of the Managing Committee, Demeter Partners |
| Mark MILLS, Director, Generation IM |
| Jean-François THEODORE, Deputy CEO, NYSE Euronext |
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| Q&A |
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| Reactions : |
| Jean-Paul HUCHON, Président, Conseil Régional d'Ile de France |
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16h45 - 17h00 | Synthesis of the debates: |
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17h00 - 18h00 | "European Top Priorities" |
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| Nicolas SARKOZY, French President, President-in-Office of the European Council |
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18h00 | |
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18h10 - 19h10 | Round Table: "The Economic Analysis of Environmental Risk" |
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19h10-19h30 | |
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19h30 | Cocktail |
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