REDEFINING THE RULES OF FINANCE IN A WORLD OF LIMITS

9 : 30 a.m. - 10 : 00 a.m.

As climate, nature, and social constraints increasingly shape economic outcomes, the financial system is being challenged to operate within limits it was not designed to recognize or price. This keynote explores how financial rules, mandates, and incentives must evolve to better align capital allocation with real-world constraints, and what it will take to move from incremental adjustment to systemic transformation. Why has the financial system struggled to integrate planetary and social limits into core decision-making? What changes to mandates, incentives, and governance are needed to better align finance with real-economy constraints? What would a financial system look like if it were designed to operate within, rather than beyond, ecological and social boundaries?

WHO IS RESPONSIBLE WHEN RISKS BECOME SYSTEMIC?

10 : 00 a.m. - 10 : 45 a.m.

ENERGY, WATER AND NATURAL RESOURCES : FINANCING ECONOMIC RESILIENCE

11 : 15 a.m. - 12 : 00 p.m.

Energy systems, water infrastructure, and natural resource value chains sit at the core of economic stability, yet they face mounting physical risks, massive investment requirements, and growing tensions between competitiveness and sustainability. Grounded in the operational realities of key industry actors and informed by academic insight, this session examines how to align industrial strategies, capital needs, and long-term resilience across critical sectors. How are energy and resource companies navigating trade-offs between competitiveness, regulatory constraints, and resilience investments? Which economic and financial models can support large-scale, system-shaping investments without undermining affordability or market stability? What do these sectors reveal about the current limits of our financing frameworks when confronted with long-term systemic risks?

ADAPTATION AND INSURABILITY : PREVENTING LOSSES RATHER THAN REPAIRING DAMAGE

1 : 00 p.m. - 1 : 45 p.m.

As climate-related losses accelerate, adaptation and resilience are becoming central to investment risk management and capital preservation strategies. This session examines how prevention and adaptation can be structured as investable assets, and how insurability is increasingly used by investors as a forward-looking indicator of asset quality, financial viability, and long-term value. How are investors integrating adaptation, resilience, and insurability into portfolio construction and risk assessment? How can insurers, investors, and public actors better align capital to reduce losses, protect asset value, and enhance long-term resilience? What investment structures, data, and policy signals are needed to make prevention and adaptation bankable at scale?

MAKING THE TRANSITION SUSTAINABLE : ECONOMIC AND SOCIAL LEVERS FOR SYSTEMIC CHANG

2 : 00 p.m. - 2 : 45 p.m.

The transition is not just a decarbonization challenge – it's a capital reallocation event with real distributional impacts; its long-term success will depend not only on technological feasibility and capital flows, but on economic durability and social acceptance. This session explores how financial tools, risk-sharing mechanisms, and policy design can reduce risks, strengthen economic resilience, and mobilize capital toward pathways that are both viable and broadly supported. What financial mechanisms can mitigate social disruption and prevent backlash against the transition? How can capital allocation better account for employment impacts, regional disparities, and distributional effects? What role should investors, financial institutions, and public authorities play in ensuring the transition remains economically credible and socially durable?

DATA, AI AND GOVERNANCE : WHO IS REALLY STEERING CAPITAL?

3 : 15 p.m. - 4 : 00 p.m.

As data and artificial intelligence become increasingly embedded in financial decision-making, they are reshaping how risks are assessed, how capital is allocated, and how sustainability considerations are integrated into markets. This session explores how governance frameworks can evolve to ensure that data- and AI-driven tools support credible risk management, long-term value creation, and alignment with real-world sustainability outcomes. How are data and AI currently influencing capital allocation and risk assessment in sustainable finance? What governance challenges emerge as financial decisions rely more heavily on complex models and data infrastructures? How can institutions, regulators, and market participants ensure that these tools reinforce transparency, accountability, and long-term resilience?

THE TIME FOR STRATEGIC TRADE-OFFS

4 : 00 p.m. - 4 : 45 p.m.

As sustainable finance frameworks mature, a growing gap is emerging between principles and implementation, where clearer priorities and explicit choices can no longer be avoided. Bringing together an institutional investor and a leading voice on capital misallocation, this closing conversation explores how financial leaders can translate evolving architectures into credible commitments and real capital deployment, while confronting the economic, social, and political trade-offs this transition requires. Where do financial institutions need to move from principles to explicit allocation choices, and what trade-offs does this imply? How can investors reconcile fiduciary duty with the growing evidence of mispriced transition and stranded asset risks? What does credible capital deployment look like in a context where not all objectives can be achieved simultaneously?