Co-organized by Japanese Ministry of Finance, World Bank, International Finance Corporation (IFC), Asian Development Bank (ADB), Asian Development Bank Institute (ADBI), Japan Bank for International Cooperation (JBIC) Sponsored by Japanese Financial Services Agency
Jamal Saghir, World Bank Director for Energy, Transport and Water
March 26, 2008, Tokyo – Signaling the stepped-up efforts of the public and private sectors in Japan on issues of environment and climate change, Japan’s Ministry of Finance and the Bank convened a one-day Symposium on “Environment and Engagement of the Private Sector” - Toward G8 Summit.
The day’s events featured in-depth presentations and discussions on ways to catalyze private sector action on climate change. The program brought together experts in the finance industry, Japanese government, academia, and major multilateral development banks in anticipation of the attention likely to be given these issues during the G8 Finance Ministers’ meeting in June and the G8 Summit at Lake Toya, Hokkaido, in July.
More than 140 people gathered at the symposium
The collective testimony and discussion from major Japanese financial institutions, Japanese government officials, The World Bank Group, ADB, and environment experts highlighted the Herculean efforts that will need to be taken in public-private sector partnerships in order to move closer to a low-carbon society.
There were over 140 attendees, comprising diplomats, executives from major Japanese corporations, government, environmental groups, academics, and civil society organizations. In addition to MoF and the Bank, the Asian Development Bank, the Asian Development Bank Institute (ADBi), and Japan Bank for International Cooperation (JBIC) all assisted in organizing the event. The symposium was sponsored by the Japanese Financial Services Agency.
Program:
09:00-09:10 Welcome speech by Mr. Otohiko Endo, Senior Vice Minister of Finance of Japan (TBC)
09:10-11:00 Session 1: “Environment Issues, MDBs’ Challenges and Catalyst Rolefor the Private Sector”, moderated by Mr. Kazushige Taniguchi,Acting Special Representative, Japan, The World Bank
Main Speakers Mr. Liqun Jin, Vice-President, Operations 1, Asian Development Bank (ADB) Mr. Jamal Saghir, Director, Energy, Transport and Water, World Bank Resource (PDF)
Discussants Mr. Takehiko Nakao, Senior Deputy Director-General, International Bureau, Ministry of Finance Mr. Ryutaro Yatsu, Councilor for Global Environment, Ministry of Environment Mr. Yoshihiro Fujii, Professor, Graduate School of Global Environmental Studies, Sophia University
11:00-11:20 Coffee break
11:20-12:50 Session 2: “Sustainability: Social/Environmental Guidelines and IFC/Bilateral Agency’s Environmental Activities”, moderated by Mr. Kuniki Nakamori, Resident Director General, Japanese Representative Office, ADB
Main Speakers Ms. Motoko Aizawa, Head, Poilcy and Standard Unit, Corporate E&S Framework, International Financel Corporation (IFC) Mr. Katsuhiko Okazaki, Director General, Environment Analysis Department, Japan Bank for International Cooperation (JBIC)
Discussants Mr. Joseph A. Kraft, Managing Director, Head of Capital Markets Japan and Deputy Tokyo Branch Manager, Dresdner Kleinwort Mr. Junji Annen, Attorney, Professor, Chuo Law School
12:50-14:20 Break (Lunch time)
14:30-15:30 Session 3: “Private Financial Institutions’ Engagement in Environment Issues and its Future”, moderated by Mr. Yasushi Onishi, Director, Development Issues, Ministry of Finance
Main Speakers Mr. Osamu Odawara, Head of Sustainable Development Department, Global Structured Finance Division, Mizuho Corporate Bank
Ms. Teresa Au, Head of Corporate Responsibility and Sustainability Asia Pacific Region, Hongkong and Shanghai Banking Corporation Limited (HSBC)
Ms. Mari Yoshitaka, Deputy Chairman, CDM/JI Senior Consultant Clean Energy Finance Committee, Mitsubishi UFJ Securities
Discussants Mr. Koji Sato, General Manager, CSR Department, Sumitomo Mitsui Banking Corporation Mr. Mitsuru Muraki, General Manager, Corporate Planning Department, Tokio Marine & Nichido Fire Insurance Mr. Norio Suzuki, Assistant General Manager, Emissions Reduction Business Unit, Mitsubishi Corporatio
15:30-15:50 Coffee break
15:50-16:50 Continuation of Session 3
16:50-17:00 Closing remarks by Mr. Takehiko Nakao, Senior Deputy Director-General, International Bureau, Ministry of Finance
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