European Investment Bank
The European Investment Bank (EIB) is owned by the EU Member States. As the European Climate Bank, the EIB has decided to increase its financing of projects in support of climate and environmental objectives to 50% of its activity by 2025 and to mobilize at least €1 trillion by 2030 to promote investments that contribute to achieving these objectives. It will also align all its activities with the Paris Agreement. As such, it will stop financing fossil fuel-based projects by the end of 2021. In France, in 2019, the EIB devoted 47% of its financing – i.e., €3.28 billion – to combating climate change.
Within the EIB Group, the EIB Institute’s missions include support for higher education and research, mainly through research grants and cooperation agreements with universities and research centres throughout Europe, including the agreement established with Sciences Po in 2015. In this context, the Institute conducts capstone projects with students on topics of importance for the EIB Group’s activities, organises courses on the role, missions, and activities of the EIB Group, and runs an annual EIB Summer School launched in 2018.
Its support for the Sciences Po European Chair for Sustainable Development and Climate Transition is the second initiative inI this area, after the creation of an EIB Climate Chair at the European University Institute in Florence.
“As the European climate bank, the EIB is proud to lend its support and expertise to the European Chair in Sustainable Development and Climate Transition launched by Sciences Po, one of the EIB’s academic partners since 2015. This initiative will promote the transfer of knowledge and experience needed to understand the climate and environmental crisis we are all facing and to help provide solutions”.Ambroise Fayolle, Vice-President.
Founded in 1837, Hermès International is an independent French house of design guided by artisanal values: responsibility, authenticity, and the test of time. Hermès International is a responsible corporate citizen and maintains an artisanal model of production wherever it operates, including the 43 production sites in France where 80% of our products are made – and made to last.
Our model is people-centred and education through training and the transmission of unique know-how is one of its pillars. The Chair will strengthen our existing partnership with Sciences Po, particularly on issues of territorial inclusion.
“We are glad to be supporting Sciences Po in this project. It resonates perfectly with our artisanal model which rests on strong local integration and social commitment.
The chair focuses on the vital axes for the sustainable development of any territory: climate transition, economic development and social inclusion.
This approach, which is based on collective intelligence and brings together a variety of people and expertise. It will allow us to go further in analysing the concept of local integration: a social and societal matter that is particularly important to us.
Hermès is an independent, family owned company created in 1837, dedicated to keeping the majority of its production in France. With 43 workshops, located across 8 of the 13 regions of France, and 9,700 employees in the country, including nearly 5,250 artisans, we are a committed stakeholder within the local community: creating jobs, developing training centres, contributing to the vitality of the local economy (reopening shops, new classes in schools, supporting the non-profit community etc.). These dynamic hubs contribute to the energy of regions and their business areas.
We wish to continue to play the role of corporate citizen in the areas where we operate, following a long term approach based on economic, social, educational and cultural actions, carried out by the group or through our Fondation d’Entreprise. We invest in education, in particular in the training and transmission of unique know-how. Thus, our leather school, has 80 instructors and collaborates with 14 leatherwork schools throughout France.
We are convinced that these are all necessary actions to achieve sustainable growth. In this context, the “European chair for sustainable development and climate transition” represents a promising collective approach”.Olivier Fournier, Executive Vice President Corporate Development and Social Affairs (This quote reflects 2019 figures).
HSBC France is a subsidiary of HSBC Holdings, one of the world’s leading banking and financial services groups. Fully integrated into HSBC Holding’s global strategy, HSBC France strives to offer its customers a unique range of products and services, and is committed locally as well as globally to the transition to a thriving low-carbon economy.
In pursuit of this goal, HSBC recently announced its objective to align the level of emissions from its financing – the carbon emissions of its client portfolio – with the Paris Agreement targets and achieve a net-zero carbon footprint by 2050 at the latest. HSBC will devote between $750 billion and $1 trillion in finance and investments to assist its customers’ transition to carbon neutrality by 2030.
“On 9th October, HSBC announced its three-part plan to help accelerate the transition to net zero, through finance. HSBC reiterated its ambition to collaborate to establish consistent global standards for financed emissions and carbon offsets. HSBC will be supporting Sciences Po’s work with academics, communities and both the private and public sectors to advance the European Green Deal, which is also key to HSBC’s own transition.”Samir Assaf, Chairman, Corporate and Institutional Banking, HSBC Holdings plc.