The workshop will explore practical opportunities for an effective utilisation of the existing data generated within standard environmental decision-making processes in the Czech Republic for the future reporting under the EU Taxonomy.
The participants will use a modified Harvard case method to explore what information is available and what data are currently missing. Since the workshop will discuss information on real-life project examples, it will be governed by a modified Chatham House rule (see below).
The workshop is conducted in partnership with Integra Consulting, a leading Czech consultancy in the field of strategic environmental assessment, environmental impact assessment, and climate proofing.
Language
Czech
Audience
Invitation only: Officers in charge of EU Taxonomy compliance within Czech banks (one person per bank)
Format
Hybrid: limited number of Czech participants can attend in person, plus an online room on Zoom.
Venue
Marriott or Four Seasons hotel in Prague
Modified Harvard Business School case method: the workshop participants are welcome to bring information on projects within their portfolio they wish to potentially discuss or get reflection on. If no such case will be presented, the workshop will use information provided by Integra Consulting on e.g., a wind farm, waste management facility, or LNG/transport terminal to explore availability of environmental information for the EU Taxonomy reporting.
Modified Chatham House rule: The participants will be free to use insights received during the workshop, but may neither reveal identify of the cases discussed, neither the identity nor the affiliation of the speaker(s) or workshop participants who provided that information.
Agenda
09:00-09:10 – Welcome and introductions (ISFC & Integra Consulting)
09:10-09:20 – EU Taxonomy: Current state of play (Julian Toth - COO, ISFC)
09:30-09:40 – Key open questions about the EU Taxonomy – a short presentation from a bank representative or a banking expert
09:40-10:10 – Current data generated through standard environmental decision-making processes on proposed projects in the Czech Republic (Integra Consulting)
10:10-10:30 – Practice-focused debate using real-life examples (facilitated by Integra Consulting)
10:30-11:00 – Moderated discussion on data availability, data gaps and opportunities for their cost-effective collection
11:00-11:30 – for those attending in person, a networking break
Description
In light of the COP26 discussions and growing pressures on the financial sector to tackle climate risk, environmental impact assessment (EIA) is a key element for project assessment and risk mitigation. However, assessments are plagued by a variety of issues and shortcomings, this failing to accurately capture the environmental impact of different activities. There is still a great disconnect between scientific evidence, as well as expertise-led impact assessment, and the current practices in financial institutions which include the banking sector.
With the introduction of the EU taxonomy and the rise in climate stress testing, an improved understanding of EIA will confer a competitive advantage for market participants. It offers multiple advantages, ranging from improved preparedness for disclosures and risk assessments, to better PR and marketing.
This workshop will aim to answer the following questions
1. What standard data are generated through existing environmental scrutiny of proposed economic activities and investments in the Czech Republic?
2. Which of these data could be used for future reporting under the EU Taxonomy?
3. What information is currently missing?
4. How can the missing data be effectively collected without excessive costs, administrative difficulties or information processing demands?
To express interest to attend, please email events@isfc.org.