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The Cooler Earth Sustainability Summit

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The Cooler Earth Sustainability Summit 2019 by CIMB | Catalysing Change for a Better Tomorrow
The Cooler Earth Sustainability Summit 2019 by CIMB | Catalysing Change for a Better Tomorrow


The Cooler Earth Sustainability Summit 2019:

What is The Cooler Earth?

The Cooler Earth is CIMB’s inaugural platform to inspire business leaders, financiers, investors, policy- and decision- makers to change the paradigm of business and finance, and our way of life. Our goal is also to encourage participants to embrace sustainability and take action towards shaping a more responsible society and a less sweltering planet (hence "Cooler").


The Cooler Earth motif has adapted its colours from Climate Stripes, a visualisation of rising temperature from cool (blue) to warm (red), reflecting how it threatens ecosystems, including our social and economic fabric. In our motif, the red stripes, reflecting the current scenario, slowly transform back to blue, which is and should be the collective responsibility and mission of humankind and every effort on sustainability including this Summit.


In 2019, CIMB convened global experts and local champions to not just dialogue, but motivate collective and collaborative action, mobilise resources, finance, and the political will to counter environmental degradation, social inequity, and economic depression.

The Cooler Earth is a mission.

CIMB Group, in partnership with WWF and Impacto, invites you to contribute to our dialogue and action on

Changing Finance for a Better Tomorrow.

Knowledge Partners:

Event Partners:

Introduction

Population and urbanisation continue to rise, and with that, production and consumption are ever increasing. Businesses are growing, but under pressure to produce more and better quality at lower prices. Industrial and human activities continue to contribute to global heating and unprecedented environmental degradation. Human rights, health and productivity are compromised. Many parts of the civilised world are at risk of sinking beneath the waves in the next decade or two. Nature, wildlife and biodiversity – life itself – are threatened. There is no longer any doubt that humanity is at risk.

All these, coupled with governance, political and socioeconomic factors are prompting businesses, customers, investors, employees, governments and the rakyat to positively contribute to improving environmental and social wellbeing, towards creating a better future. Rapid technological changes are forcing leaders to reinvent their business models and future-proof. In short, business as usual is no longer an option.

As the world around us changes, financiers, investors and businesses have a responsibility to change their ways and manage economic, environmental and social risks, with long-term strategies to create net positive impact, while also remaining relevant and profitable.

08:00am – 08:45am | REGISTRATION AND LIGHT BREAKFAST

09:00am – 09:30am | WELCOMING REMARKS - Thinking Triple Bottom Line: How Future-Proof is Your Business?

Speaker:

 

Tengku Dato' Sri Zafrul Aziz

Group CEO

CIMB Group Holdings Berhad

09:30am – 10:00am | OPENING ADDRESS - Creating the Ecosystem: How Will the Changing Regulatory Landscape Impact Business?

Speaker:

 

YB Yeo Bee Yin

Minister of Energy, Science, Technology, Environment and Climate Change (MESTECC)

10:00am – 10:30am | KEYNOTE 1 A - Critical Connection: Why Can’t We Separate Nature From the Economy?

Speaker:

 

Ms. Maureen DeRooij

CEO
WWF-Singapore

10:30am – 11:00am | KEYNOTE 2 - Sustainable Development Goals: Why Business Should Get Involved

Speaker:

 

Mr. Stefan Priesner

Resident Coordinator for Malaysia
United Nations Development Programme (UNDP)

11:00am – 11:30am | COFFEE/ TEA BREAK

11:30am – 12:45pm | PANEL DISCUSSION - Sustainable Finance: What Are the Regulator’s Expectations and Financial Sector Initiatives Towards Advancing Sustainable Finance?

Speakers:

Tengku Dato' Sri Zafrul Aziz
Group CEO
CIMB Group Holdings Berhad

Ms. Yuki Yasui
Asia Pacific Region Co-ordination Manager
UNEP Finance Initiative (UNEP FI)

Dr. Hamim Syahrum Ahmad Mokhtar
Deputy Director
Islamic Banking and Takaful Department, Bank Negara Malaysia

Mr. Pierre Rousseau
Strategic Advisor for Sustainable Business
BNP Paribas

Moderator:

Ms. Jeanne Stampe
Founder of Asia Sustainable Finance Initiative
Head of Asia Sustainable Finance and Global Finance Practice Leadership Team member at WWF

12:45pm – 01:45pm | LUNCH

01:45pm – 02:20pm | EXPERT INSIGHTS - Knowing Our Limits: The Planet Will Survive Global Heating… But Will Humankind?

Speaker:

 

Dr. Julian Caldecott

World-Renowned Ecologist and Conservationist

02:20pm – 02:40pm | EXPERT INSIGHTS - Bridging the Gap: What is the Role of Finance in Saving the World?

Speaker:

 

Mr. Mohamed Rozani Osman
Senior Financial Sector Specialist
World Bank

02:40pm – 03:00pm | EXPERT INSIGHTS - Creating Value: How Do We Translate Planet Targets to Business Targets?

Speaker:

 

Ms. Marie Morice
Sustainable Finance Senior Adviser
UN Global Compact

03:00pm – 03:30pm | COFFEE/TEA BREAK

03:30pm – 04:45pm | PANEL DISCUSSION - Understanding Externalities: What Are the Hidden Costs of Doing Business, and How Do They Affect Performance and Profits?

Speakers:

Ms. Michele Leung
Director, Financial Institutions Business
TruCost

Ms. Esther An
Chief Sustainability Officer
City Developments Limited

Mr. Pascal Lambert
Group Country Head for Singapore; Head of South East Asia and India
Societe Generale

Moderator:

Ms. Carole Ferguson

Head of Investment Research

CDP

04:45pm – 05:30pm | SPECIAL FEATURE - Laugh, But Act

Speaker:

 

Mr. Rod Quantock
Climate Change Activist (and Comedian)

05:30pm – 06:00pm | CLOSING REMARKS

Speaker:

 

YAM Tengku Datin Paduka Setia Zatashah binti Sultan Sharafuddin Idris Shah
Founder /Advocate #sayno2plastic and #zerofoodwastage

11:30am – 12:30pm | UNDERSTANDING, NAVIGATING, AND ADOPTING THE RIGHT STANDARDS AND BENCHMARKS

PwC will provide an overview on local and global benchmarks and standards on sustainability, such as GRI, TCFD, CDP, etc. in which will serve as a guide to understand various indicators of measuring and reporting economic, environmental and social impact.



Who should join: Various departmental heads and executives responsible for sustainability data tracking, impact measurement, and reporting.

03:30pm – 04:30pm | BUILDING A BUSINESS CASE & PLANNING YOUR SUSTAINABILITY JOURNEY

Impacto Sdn Bhd, knowledge partner of CIMB Group, will deliver a compelling 1-hour orientation for businesses to embark on their sustainability journey. The POWER PACK presentation will include guidelines on defining the business case for sustainability and developing an action plan to create value for multiple stakeholders.



Who should join: C-Suite and Executives / Managers / Heads of CSR, Sustainability and Strategy.

03:30pm – 04:30pm | EMBARKING ON SUSTAINABLE FINANCE - A PRACTICAL BRIEFING

IBIS Consulting will share a briefing to help demystify why sustainable finance matters and offer some practical advice for those seeking to start out on making the changes in their operations to better understand and manage their environmental & social risks and support sustainable development.



Who should join: Heads of business and sustainability strategy, transformation managers, investment and banking professionals.

04:50pm – 05:50pm | SUSTAINABILITY TOOLS & RESOURCES FOR ENVIRONMENTAL AND SOCIAL RISK MANAGEMENT

WWF will present an introduction of key cross-cutting and interlinked environmental challenges relevant to multiple economic sectors and how they become economic, financial, security and social risks, if not addressed. The session will also share tools and resources available to assist businesses in managing environmental risks.

 

Who should join: Sustainability / ESG teams, risk officers.

04:50pm – 05:50pm | OPERATIONALISING SUSTAINABILITY - FROM THE WHAT TO THE HOW

ERM will share practical and pragmatic solutions to some of the most common environmental, social and sustainability-related business challenges for companies in Malaysia and SE Asia. Being able to successfully operationalise sustainability into your business is key to being able to achieve your long-term business strategy and drive continual improvement. ERM will share insights regarding how some of the more progressive organisations are turning their sustainability challenges into opportunities for improving their business performance.

 

Who should join: Departmental heads and managers who are responsible for operationalising sustainability.

08:00am – 08:45am | REGISTRATION AND LIGHT BREAKFAST

08:45am – 09:00am | WELCOMING REMARKS Taking Action - Who, What and How?

Speaker:

 

Ms. Luanne Sieh
Head, Group Sustainability
CIMB Group

09:00am – 09:20am | OPENING ADDRESS Making a Choice - Sustainability is the World’s Greatest Existential Challenge. We Should All Be Part of the Solution.

Speaker:

 

Datuk Dr. Richard Leete

Trustee of CIMB Foundation and former UNDP resident representative for Malaysia, Singapore and Brunei

09:20am – 09:35am | PRACTICAL INSIGHTS - Championing Social Sustainability and Human Value: Unilever’s Commitment to Make Sustainable Living Commonplace.

Speaker:

 

Ms. Annemarieke de Haan
Managing Director
Unilever Malaysia & Singapore

09:35am – 09:50am | PRACTICAL INSIGHTS - Championing Social Sustainability and Human Value: Educating and Empowering Supply Chains to Manage Impact and Deliver Business Value.

Speaker:

 

Mr. Jeremy Prepscius
Vice President
BSR Asia-Pacific

09:50am – 10:05am | PRACTICAL INSIGHTS - Championing Social Sustainability and Human Value: Modern Slavery and its Potential Negative Impacts on Business Performance.

Speaker:

 

Mr. Mark Devadason
Board Member
The Mekong Club

10:05am – 10:20am | PRACTICAL INSIGHTS - Championing Social Sustainability and Human Value: Tools to Embed Social Sustainability into the Brand DNA.

Speaker:

 

Datin Mina Cheah-Foong

Managing Director

The Body Shop Malaysia

10:20am – 10:50am | COFFEE BREAK

10:50am – 11:50am | PANEL DISCUSSION - Addressing Boardroom Dilemmas: Sustainable Business Does Not Mean Compromising on Performance or Profitability.

Speakers:

Mr. Robert Coombe
Sustainability Sponsor on Board
CIMB Group

Mr. Faisal Fadzil
Managing Director
Tanamera

Mr. Aditya Renjen
Senior Vice President, Treasury & Investor Relations
Olam International

Moderator:

Dr. Simon Lord
Chief Sustainability Officer
Sime Darby Plantation

11:50am – 12:00pm | AN APPEAL Defending Our Natural Resources - How Businesses Can Influence Policies and Programmes that Protect Our Natural Capital.

Speaker:

 

Ms. Sophine Tann
Vice President
PEKA (Pertubuhan Pelindung Khazanah Alam)

12:00pm – 12:40pm | PANEL DISCUSSION Communicating, Beyond Words - Raising Awareness on Sustainability Issues Through Art.

Speakers:

Pangrok Sulap (Sabah-based art collective giving voice to local people through their art)

Art Collective

Mr. Shahar Koyok (Contemporary Artist from the indigenous Temuan tribe whose art reflects his people and the rainforest where he grew up)

Contemporary Artist

Ms. Nadiah Bamadhaj (Visual Artist whose practice is informed by an interest in regional human rights and political events and social phenomena)

Visual Artist

Moderator:

Ms. Freda Liu
Broadcaster and Author

12:40pm – 01:50pm | LUNCH SPECIAL FEATURE - Solutions for a Living, Thriving Planet: What Businesses Can Do.

Speaker:

 

Dr. Keith Lee
Senior Manager
Asia Sustainable Finance, WWF

01:50pm – 02:35pm | PANEL DISCUSSION - Integrating Sustainability for Responsible Business: The Integration of Sustainability Factors into Investment Processes and How This Will Impact Businesses.

Speakers:

Mr. Ronnie Lim
Senior Engagement Specialist
Robeco

Mr. Justin Sloggett
Head of ESG Investment Research
PRI

Mr. Ismail bin Zakaria
Director of Corporate Strategy & Performance
Kumpulan Wang Persaraan (KWAP)

Moderator:

Ms. Sophie Robinson-Tillett
Deputy Editor
Responsible Investor

02:35pm – 03:20pm | PANEL DISCUSSION - Integrating Sustainability for Responsible Business: The Integration of Sustainability Factors into Financing Processes and How This Will Impact Businesses.

Speakers:

Mr. Tan Chee Wee
Head of Sustainability Reporting
DBS Bank

Mr. Gurdip Singh Sidhu
Group Chief Strategy and Design Officer
CIMB Group

Mr. Roger Charles
Executive Director, Environmental and Social Risk Management
Standard Chartered PLC.

Moderator:

Ms. Yuki Yasui
Asia Pacific Region Co-ordination Manager
UNEP Finance Initiative (UNEP FI)

03:20pm – 03:50pm | COFFEE BREAK

03:50pm – 05:10pm | PANEL DISCUSSION - Accelerating Climate Action: What it Would Take to Move Towards a Low-Carbon Economy.

Speakers:

Dr. Ben Caldecott
Founding Director
Oxford Sustainable Finance Programme

Mr. Cedric Rimaud, CFA
ASEAN Programme Manager
Climate Bonds Initiative

Mr. Paul Milon
ESG Specialist, Asia Pacific
BNP Paribas Asset Management, Hong Kong

Moderator:

Mr. Andrew Chan
Partner, Sustainability and Climate Change Leader
PwC South East Asia Consulting Services

05:10pm – 05:50pm | BURNING PLATFORM - Facing Reality: Don’t Just Stand By and Watch!

Speaker:

 

Mr. Cory Richards
National Geographic Photographer and Adventurer

05:50pm – 06:10pm | CONFERENCE CLOSING

Speaker:

 

YB Dr. Xavier Jayakumar
Minister of Water, Land and Natural Resources (KATS)

Exhibition

Carbon Offset

Towards a Carbon-Neutral Summit

For an event where climate change and green finance is on the agenda, we made sure that the potential footprint from the summit itself does not fall to the wayside amid all the high-level engagement. We are pleased to share that this summit aims to be a carbon-neutral event in line with its principles – from sourcing for F&B and summit materials, to digitising all conference communications and offsetting delegates’ carbon emissions from event energy use, travel, etc. 

Participation in The Cooler Earth summit is complimentary. In the spirit of awareness and personal responsibility, we encouraged delegates to voluntarily offset their average carbon footprint from participating in this event.

Why is Carbon Footprint Important?

The 5th Assessment Report on climate change by the IPCC shows that the increase in greenhouse gas (GHG) concentrations over the past 100 years has predominantly been caused by human activities.

GHG like carbon dioxide, methane and nitrous oxide trap heat on the Earth’s surface, leading to rising global temperatures and the climate crisis, which give rise to adverse effects such as frequent natural disasters, sinking coastlines, habitat loss, and other threats to life.

Carbon footprint is the measure of GHG released into the atmosphere from human activity. Driving, using electricity and eating meat are examples of our personal carbon footprint. Our collective carbon footprints add up to the climate emergency that we are facing.

Carbon footprint is usually measured in tonnes of carbon dioxide (CO2) equivalent. You can find out more and calculate your personal carbon footprint here.

What was the Carbon Footprint of this Summit? What was each participant's own contribution to this?

The total carbon emissions of The Cooler Earth Summit has been calculated to be around 200 tonnes Carbon Dioxide equivalent (200 tCO2e). This is equivalent to 20 flights around the circumference of the world or 843,162 km travelled by an average car. To put this into perspective, it would take 250 trees a period of 40 years to absorb all the carbon emitted, assuming we plant them tomorrow - just for this 2-day conference!

 

The single biggest contributor is participant and speaker travel (78%), followed by venue (10%), accommodation (6%) and meals (5%). The estimated carbon emission per delegate is around 0.2 tCO2e. Our world is facing an unprecedented threat and everyone should take urgent action to mitigate this threat. We need to do beyond what is required to ensure that we are going to make a difference. Therefore, in addition to just offsetting the emissions from this Summit, we have committed to offset an additional 5 times of what the conference is generating, so that the conference has an overall positive impact on the environment.

 

In 2019, each and every participant was able to offset at least 1 tCO2e, as their own contribution to the Summit. Offsetting 1 tCO2e incurred a cost of EUR10 (RM47), and this was through purchasing certified carbon credits from a verified carbon reduction project.

How did participants reduce their Carbon Footprint for this Summit?

All registered participants were sent a link to purchase carbon offsets. Carbon offsets purchased were invested into the Bukit Tagar Sanitary Landfill (BTSL) gas recovery project. The landfill has been serving the Central region of Selangor and Kuala Lumpur for the last 60 years, and is the only sanitary landfill in Malaysia. The landfill gas recovery project enables the collection of landfill gas to generate power. Without this project, the landfill gas (consisting mainly of methane, a potent greenhouse gas) would be released into the atmosphere, accelerating global heating. The emissions reduced from this project are certified under the Clean Development Mechanism (CDM) of the Kyoto Protocol. Get more details here: https://youtu.be/koplTfbu0Mg

 

Participants received an offsetting certificate that shows the amount of carbon offset and the project that the contribution went to. Participants who offset their carbon are listed in our Carbon Offset Contributions page, as well as on our event app and the 2019 Cooler Earth Consensus Report.

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