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ToC FORUM: Nov 9, 2018

9-Р Сар 17, 2018

Mongolian Sustainable Finance Forum 2018

Draft

Date: November 9, 2018 (Friday)
Venue: Best Western Premiere Tuushin Hotel
Theme: In the Occasion of the 5th anniversary of the Mongolian Sustainable Finance Initiative: “National Roadmap for Sustainable Finance”

Co-organizers: Mongolian Bankers Association, Ministry of Environment and Tourism (MET), Trade and Development Bank of Mongolia (TDBM)

Policy partners: Ministry of Finance, Bank of Mongolia, Financial Regulatory Commission, UB City Municipality, Ministry of Construction and Urban Development, Mongolian Stock Exchange, Mongolian National Construction Association, Mongolian Mortgage Corporation

International partners: IFC, GGGI, FMO, (TBC)

Social tag: #MSFF2018 #ToCForum2018


ABOUT THE EVENT

The Mongolian Sustainable Finance Forum (MSFF) is the largest gathering of national policy makers, banks and other FIs, DFIs and international organizations, private investors, clients, businesses, civil society representatives, technology developers, educational institutions and E&S experts working in the field to drive green development through sustainable finance. Organized in the 6th year, this year marks the “5 Year Anniversary” of the Mongolian Sustainable Finance Initiative in the banking sector. The event is expected to bring together more than 300 participants from various sectors and societies this year.

The MSFF was initiated following an imminent need for a private and public cooperation to develop and effectively implement policies, actions, and initiatives in line with the commitment of the Government of Mongolia to the global sustainable development agenda and the Paris Agreement, and the unanimous commitment of the banking sector to advance sustainable finance in the country.

BACKGROUND

In April 2016, the Parliament of Mongolia endorsed the Sustainable Development Vision 2030 which charts the country’s development path for the period of the Sustainable Development Goals. The vision offers an ambitious set of goals centered on human development, inclusive growth and equity, and entails the establishment of an investment program, enhancement of the capacity of human resources, and improvement in the operations of development funds as key directives. However, putting sustainability at the heart of economic and financial policies and practices is urgently needed if the Sustainable Development Goals (SDGs) are to be achieved and a low carbon development is to be realized. Contributing to 95 percent of the entire financial sector, banks are uniquely placed to fill in the financing gap that enables industries, businesses, and individuals to actively participate in the green development of Mongolia.

Led by the Mongolian Bankers Association, with the support of IFC and FMO, banks in Mongolia have been proactively contributing to the country’s green economy agenda by launching a set of voluntary standards called the Mongolian Sustainable Finance Principles. The principles define how financial institutions can manage environmental and social risks and meet growing financing needs for green and inclusive economic growth. The principles have already been adopted by all banks; environmental and social management systems (ESMS) have been established and environmental and social risk assessments in banks’ lending and investment operations have been integrated. The Mongolian Sustainable Finance Initiative forged a strong public-private partnership between banks, the Bank of Mongolia and the Ministry of Environment and Tourism and the Mongolian Sustainable Finance Principles have become a key component of the Mongolian Government's Green Development Policy.

ESTABLISHMENT OF THE MONGOLIAN SUSTAINABLE FINANCE ASSOCIATION (MSFA)

As the next phase of the Mongolian Sustainable Finance Initiative, a new non-profit organization, named the Mongolian Sustainable Finance Association (MSFA), has been formed by the Mongolian Bankers Association (MBA) in a bid to bring together various financial sector players to direct investments for real progress in sustainable development.

The MSFA started its operations from January 1, 2018 with the aim to expand sustainable finance into other parts of the financial sector, creating a national green investors’ network. Apart from banks, the association’s principal membership is open to commercial and development banks, microfinance institutions, insurance companies, and institutions operating in the capital market. The MSFA will also closely collaborate with international organizations, universities, the media and civil society organizations to create cross sector linkages and cohesive action to promote the role of finance in sustainability.

Furthermore, the MSFA is partnering with the Ministry of Environment and Tourism, the Ministry of Finance, the Green Climate Fund and other relevant organizations, to set up the country’s first national green financing vehicle – Mongolian Green Finance Corporation (MGFC) – that will bring long-term, favorable finance to projects and programs that stimulate green growth. The main mandate of the fund is to support the government in the implementation of the National Green Development Policy, Sustainable Development Vision and commitments made under the Paris Agreement.

We sincerely welcome national policy makers, banks and other FIs, DFIs and international organizations, private investors, clients, businesses, civil society join representatives, technology developers and E&S experts to play a part in financing a low-carbon future. More specifically the forum will focus on 1) discussing a roadmap and collaborative approach to highlight sustainable finance in policies, regulations and non-banking operations, 2) enhancing E&S management systems of banks (3) highlighting the importance of sustainable finance into non-financial sectors. Building on the success of past year editions, the forum is expected to bring together more than 300 attendees and high-level speakers and guests.

PROGRAMME /draft/


Time

Session

Presenter/Moderator

08:00-09:00

Registration & Refreshment

09:00-09:05

Safety and logistical instruction

MC

Part 1:

09:05-09:30

Welcoming remarks

Tserenbat N., Minister of Environment and Tourism

Otgonbileg D., Chairwoman of the Mongolian Sustainable Finance Association, Deputy CEO of TDBM

09:30-09:50

Guest Speaker

Dr.Ma Jun., Tsinghua Center for Finance and Development, and Co-Chair of G20 Green Finance Study Group

09:50-10:05

Presentation: “5 years and Beyond - Collective efforts and partnerships on sustainable finance”

Mongolian Sustainable Finance Association (MSFA)

10:05-10:15

Presentation: “National Sustainable Finance Roadmap”

TBC

10:15-11:30

Panel Discussion:

Sustainable Finance Roadmap: Effective Policy Framework

International experience on sustainable finance policy frameworks (EU Action Plan on Financing Sustainable Growth and China’s Guidelines on Green Financial System etc.,)

The roles of financial regulators

Policy Instruments (ESG Disclosures and Reporting etc.,)

Roles of research and academic institutions

Moderator:B.Batmunkh

Panelists:

1.D.Tserenbat, Minister of Environment and Tourism (MET)

2.Dr. Ma Jun, Tsinghua Center for Finance and Development, and Co-Chair of G20 Green Finance Study Group

3.Kh.Bulgantuya, Deputy Minister of Finance

4.R.Amarjargal, Chairman of the University of Finance and Economics, former Prime Minister of Mongolia

5.International Finance Corporation (IFC)

6.S.Demberel, Director of the Research Center, BoM

11:30-11:45

Coffee Break and Visual Exhibition of

Green housing and insulation technologies and solutions

Posters Expressing the Importance of Sustainable Finance

11:45-13:00

Panel discussion 2:

Strengthening banks’ E&S management systems

-Regulatory directive on sustainable finance

-Monitoring, reporting and disclosure best practices

-International best practice: ESG scoring,

E&S stress testing and ESG affected pricing

-Mainstreaming gender and climate aspects

-Environmental audit

-Capacity building

Moderator: S.Orgodol, Deputy CEO, Trade and Development Bank

Panelists:

1.N.Batsaihan, Director of Banking Supervision Department, BoM

2.N.Oyunkhand, (John Bell?), Khan bank

3.L.Ariunaa, CEO, Capitron bank

4.O.Altansukh, Environmental AuditingAssociation of Mongolia

5.B.Gantulga, Environmental professionals’ association

6.E.Bilguun, Gender specialist,

13:00-14:00

Networking Lunch

Part 2:

14:00-15:20

Panel Discussion 3:

Sustainable Finance: Going Beyond the Banking Industry

  • Importance of E&S Risk Management System and Guidelines appropriate for the NBFIs
  • Green Insurance
  • Green Bond
  • Benefits and potentials of sustainable production of Cashmere
  • WB’s Mongolia Export Development Project

Moderator: TBC

1.S.Davaasuren, Chairman of the FRC

2.Kh.Altai, CEO of the MSE

3.E.Ariuntugs, CEO of the Mongolian NBFI’s Association

4.J.Batjargal, CEO of Mongolian InsuranceAssociation

5.D.Altantsetseg, CEO of the Mongolian Wool and Cashmere Association

6.Quentin Moreau, Country Representative of the AVSF

7.IFC

15:20-15:30

Launch and introduction of the Mongolian Sustainable Finance e-Learning Platform

MSFA, FMO, IFC

15:30-15:45

Coffee Break and Visual Exhibition of

Green housing and insulation technologies and solutions

  • Posters Expressing the Importance of Sustainable Finance

15:45-15:55

Presentation: Assessing key markets for green projects

Romain Brillie, Country Representative, GGGI Mongolia

15:55-17:20

Panel discussion 4:

Green Finance: Collaboration for a “New Life Style” in Ger area

Affordable green housing

New Life in ger area

Green & affordable housing national policies

Green building standards

Green building technologies and solutions

Partnership plan

Green bond

Moderator: B.Sarnai, MGFC Project Unit

Panelists:

2.State secretary, Ministry of Construction and Urban Development

3.P.Bayarkhuu, Municipality of Ulaanbaatar

4.Beatriz, Country representative, GERES Mongolia

5.Ts. Erdenet, National Development Corporation (Service Center)

6.B.Gantulga, CEO of the Mongolian Mortgage Corporation

7.S.Tuwshinkhuu GIZ, Energy Efficiency Project

8.Batbold, Green Street NGO

17:20-17:40

Summary and Closing

19:00-21:30

By Invite Only: 5th Anniversary Evening Reception


PARTNERSHIP OPPORTUNITIES

If you are interested in partnering at this Forum, please contact Ms. Enkhlin Davaajav, Project and Partnership Manager of the Mongolian Sustainable Finance Association at +976 99053793 or enkhlin@toc.mn

REGISTRATION

If you would like to attend the Conference, please send a request email including your full name, representing organization and position to enkhlin@toc.mn. Please note that the number of seats of the Conference is limited. For non-invitation participants, there is a registration fee of 50 USD.


ABOUT THE ORGANIZING PARTNERS

About the MSFA

A new non-profit organization, named the Mongolian Sustainable Finance Association (MSFA), was formed by the Mongolian Bankers Association (MBA) in a bid to bring together various financial sector players to direct investments for real progress in sustainable development.

The MSFA started its operations from January 1, 2018 with the aim to expand sustainable finance into other parts of the financial sector, creating a national green investors’ network. Apart from banks, the association’s principal membership is open to commercial and development banks, microfinance institutions, insurance companies, and institutions operating in the capital market. The MSFA is also closely collaborating with international organizations, universities, the media and civil society organizations to create cross sector linkages and cohesive action to promote the role of finance in sustainability.

The association primarily works in the areas of developing and updating sustainable finance frameworks and policies, providing guidance and tools, monitoring members’ performance, leading policy dialogues, implementing capacity building activities, sharing international best practices and supporting the development of green finance. Furthermore, it aims to engage and cooperate with international and local partners to spearhead various projects and initiatives aimed at bringing systemic change in finance.

About MBA

The Mongolian Bankers Association is an independent, non-profit, non-government organization established in 2000 by the banking and non-banking financial institutions in Mongolia. As of today, we are the voice for 22 member financial institutions including 14 commercial banks, the Development Bank of Mongolia, 3 foreign Bank Representative Offices and other financial sector related organizations. The Vision of the MBA is to become a powerful professional organization representing the bankers and financial officers, to lead the banking and financial sector to ensure the sustainable development and equitable economic growth of Mongolia, and to contribute substantially to the development of the country as the regional financial center.

For more information, visit http://mba.mn/

About Ministry of Environment and Tourism

The Mission of the MET is "To ensure human right to live in healthy and sound environment by promoting economic growth and social development taking into consideration of ecological balance, promoting the sustainable use of natural resources, facilitating the natural rehabilitation and restoration of environmental degradation, and developing environmentally friendly and sustainable tourism to implement green development goals, and encouraging cooperation and participation of the Government, citizens, private entities and organizations on supporting sustainable development."

For more information, visit https://www.mne.mn/

About TDB

About Bank of Mongolia

As the Central Bank, the Bank of Mongolia (BoM) ensures the stability of the national currency – Togrog. Within this main objective, the BoM promotes balanced and sustained development of the national economy, through maintaining the stability of money, financial markets, and the banking system. In order to implement its objectives, the BoM conducts activities such as issuing currencies in circulation, formulation and implementation of monetary policy, acting as the Government's fiscal intermediary, supervision of banking activities, organization of inter-bank payments and settlements, management of the official foreign exchange reserves.

For more information, visit http://www.mongolbank.mn/eng/default.aspx

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than $22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development.

For more information, visit www.ifc.org.

About GGGI

The Global Green Growth Institute was founded to support and promote a model of economic growth known as “green growth”, which targets key aspects of economic performance such as poverty reduction, job creation, social inclusion and environmental sustainability. GGGI envisions a resilient world achieved through strong, inclusive and sustainable green growth, and is dedicated to supporting the transition of GGGI Member countries towards a green growth model. In pursuit of these goals, GGGI works with developing and emerging countries to design and deliver programs and services that demonstrate new pathways to pro-poor economic growth.

For more information, visit http://gggi.org/