SCI's 2nd Annual ESG Securitisation Seminar

Clifford Chance
10 Upper Bank Street Canary Wharf
London, E14 5JJ

25 April 2023

25+ Speakers

Leading figures in the ESG Securitisation Sector

250 Seats

Register to secure yours today



A number of aspects need to be considered when analysing the sustainability of a securitisation, including the nature of the underlying assets, the structure of the transaction itself and the multiple parties involved in its issuance. While the industry is seeking to improve ESG disclosures and regulators have provided guidelines for assessing ESG factors in securitisations, ESG securitisation volumes remain relatively modest as a proportion of the overall sustainable bond market. This seminar explores how balancing the competing demands and objectives in this space could be the key to unlocking the full potential of ESG securitisations.

Registration is now open

Cost per Delegate:

Applies until Subscriber DiscountSubscriber Rate Non-Subscriber Non-Subscriber Discount
31-Jan 25% £1,145£1,298 15%
28-Feb20% £1,220£1,374 10%
25-Apr10% £1,374 £1,526 0%

SCI News subscribers – to receive a discount code please contact (Enter discount code on next page.)

Exclusive Host

Gold Sponsor

Silver Sponsor


  • 25 April 2023
    For true sale transactions, the EU ESG regulatory initiative that is most likely to affect securitisation issuers is the proposed EU Green Bond Standard. Inspired by the ICMA Green Bond Principles, is the EUGBS an appropriate regime for securitisation issuers and will it enable the full potential of ESG securitisations to be unlocked in its current form? Are the recent ICMA ‘secured green collateral bond’ and ‘secured green standard bond’ definitions helpful? Do ICMA’s Social Bond Principles adequately support the development of the social ABS sector? What is the likelihood of synthetic securitisations being included in the scope of the EUGBS and which structural features are emerging to facilitate this?
    Panel Includes:
    Andrew Bryan, Clifford Chance (Moderator)
    Boudewijn Dierick , Auxmoney
    Sjoerd Humble, Obvion
    Julien Caron, Sustainable Fitch
    Oliver Newman, Fidelity International
    The main EU regulation that establishes the framework for ESG disclosures applicable to European asset managers and investors is the Sustainable Finance Disclosure Regulation. Application of the SFDR within the securitisation market has so far largely been limited to CLOs, but what role does it play in setting a broader ESG agenda for the buy-side? What are the prospects of the SFDR being extended to other asset classes and to synthetic securitisations? How are investors approaching the differences between and applicability of various other sustainable finance regulations?
    Panel Includes:
    Michelle Manuel, Investec (Moderator)
    Alien Pauw, PGGM
    Tamar Joulia, IACPM
    Julia Tsybina , Clifford Chance
    Confusion remains about which metrics to use for determining whether a securitisation is ESG-compliant. Even where a securitisation is ESG based on a use of proceeds that is determined to be environmentally beneficial or having a positive social impact, the issuer may – for reputational reasons – want to ensure that the underlying assets meet a minimal ESG standard, such as the ‘do no significant harm’ and ‘minimum social safeguard’ principles from the EU Taxonomy Regulation. What should a sustainability-related KPI framework entail and which securitisation counterparties should commit to achieving such targets? Could Principle Adverse Impact indicators be sufficient, at least in a first stage, or do investors expect issuers to report on financed and facilitated emissions in line with Scope 1, 2 and 3 definitions?
    Panel Includes:
    Leanne Banfield, Linklaters (Moderator)
    Tina De Baere, Polus Capital
    Luigi Burgoni, Intesa Sanpaolo
    Investor desire for increased standardisation, transparency and verification – which, to an extent, would mitigate the risks of greenwashing - is juxtaposed against the risk of creating overlapping and conflicting frameworks, as well as prohibitive compliance costs. How should these considerations be navigated, in order to avoid the ESG securitisation market pulling in opposing directions? Have regulators been able to balance the need to build safeguards against greenwashing with not hampering the development of the ESG securitisation market with overwhelming regulation? How helpful are the AFME and ELFA ESG disclosure initiatives and questionnaires in this context?
    Panel Includes:
    Luca Bertalot , European Mortgage Federation
    Robert McDonough, Angel Oak Capital Advisors
    Marco Angheben, European DataWarehouse
    Even where there are some clear examples of how securitised assets could meet ESG criteria – for example, high EPC ratings for homes financed in an RMBS or electric cars backing an auto ABS – the inventories of these assets are not yet sufficient to form the basis of a vibrant ESG securitisation market. Is the ‘use of proceeds’ paradigm the best way for the market to prioritise ESG concerns while building up a stock of ESG-aligned assets, or would a move away from a binary ESG designation to an incremental approach expand supply and demand for sustainable bonds? What should use-of-proceeds best practices entail? Is there appetite for investing in assets that are exposed to transition risks or in transactions aiming at specific SDG themes? How can exposure to physical climate risk be mitigated in securitised pools?
    Panel Includes:
    Adam Craig, Clifford Chance (Moderator)
    Max Bronzwaer, Prime Collateralised Securities
    Andrew Lennox, Federated Hermes Limited
    Alex Maddox, Kensington Mortgages
    Daniela Francovicchio, European Investment Fund
    Sanhita Athalye, Deutsche Bank
    The Awards categories are:
    1.ESG Securitisation of the Year
    2.ESG Innovation of the Year
    3.ESG CLO Manager of the Year
    4.ESG Investor of the Year
    5.ESG Issuer of the Year
    6.ESG Arranger of the Year
    7.ESG Law Firm of the Year
    8.ESG Service Provider of the Year