AGENDA FOR DAY 1: TUESDAY, JUNE 20

All times in Jakarta time (GMT +7)

8:30 AM – 8:45 AM

Registration

8:45 AM – 8:50 AM

Keynote speech from WWF

• Aditya Bayunanda, CEO WWF Indonesia

8:50 AM – 8:55 AM

Welcome Remarks from ASEAN+3 Macroeconomic Research Office (AMRO)

• Aziz Durrani, AMRO

8:55 AM – 9:00 AM

Opening Remarks from Bank Indonesia

9:00 AM – 9:10 AM

Opening Quiz:

1. Which word/expression represents biodiversity in your opinion?
2. Why is biodiversity important in your opinion?
3. Which word/expression represents natural capital in your opinion?

Facilitated by:

• Rizkia Sari Yudawinata

9:10 AM – 10:40 AM

Understanding the importance of biodiversity 

• Defining biodiversity, biodiversity loss, biodiversity related risk, a nature-positive, natural capital, biosphere, ecosystem services.
• Mapping nature-related impacts and dependencies to key sectors
• Threats to biodiversity and the driver of its loss
• 2022 WWF ZSL Living Planet Report: the urgency in addressing nature-related risk
• Main global framework and legislation on biodiversity

Speaker

• Pina Saphira, WWF Singapore

10:40 AM – 11:45 AM

Movie Trailer Screening

“Our Planet: Too Big to Fail” (45 mins)

To ask participants to reflect on what was taken from the movie trailer.

Facilitated by:

Rizkia Sari Yudawinata

11:45 AM – 1:15 PM

Lunch break

1:15 PM – 2:45 PM

Biodiversity, the economy and financial stability 

• Macroeconomic consequences of biodiversity loss
• Increasing efforts by central banks and supervisors to understand the implications for both financial institutions and for the system as a whole
• Linkages between biodiversity loss and climate change
• Options and recommendations for central banks and financial supervisors in addressing biodiversity loss (NGFS Final Report of the NGFS-INSPIRE Study Group on Biodiversity and Financial Stability

Speaker

• Dr. Simon Dikau, (INSPIRE)
• Thuaja Thessa K Vasudhevan (INSPIRE)

2:45 PM – 3:00 PM

Coffee break

3:00 PM – 4:30 PM

Central banking and supervisory approaches and initiatives in biodiversity 

• Insights from nature impact and dependencies studies by central banks and financial supervisors (Malaysia, Brazil, The Netherlands, France)
• Case studies from the WWF’s Nature’s Next Stewards report
• Central banking, financial regulatory and supervisory approaches, initiative and potential instruments in biodiversity (based on SUSREG)
• Potential policy implications and considerations for Indonesia

Speaker

• Thulaja Thessa K Vasudhevan, INSPIRE
• Adam Ng, WWF

4:30 PM – 4:45 PM

Wrap Up

AGENDA FOR DAY 2: WEDNESDAY, JUNE 21

All times in Jakarta time (GMT +7)

8:30 AM – 9:30 AM

How are financial sector incorporating biodiversity into their policies and activities?

• Indonesia related regulation on biodiversity and finance
• Key relevant sectors covered under OJK green taxonomy 1.0 recognition and inclusion of biodiversity (HCV/HCS)
• SUSBA highlights (Indonesia vs peer countries) Business case in managing biodiversity/nature-related risks (peer countries vs Indonesia)

Speakers:

• Rizkia Sari Yudawinata, WWF Indonesia
• Oki Hadian, WWF Indonesia

9:30 AM – 11:00 AM

Biodiversity metrics and risk analysis tools

• Nature profile based on existing datasets and nature stress
• What are the challenges of measuring biodiversity?
• What databases are used to identify the risks of biodiversity loss?
• Understand biodiversity risk exposure, ENCORE tools
• Integrated Biodiversity Assessment Tools,  (IBAT)Biodiversity Footprint for Financial Institutions, (BFF) Screening and prioritisation – location specific, WWF Biodiversity Risk Filter Tools
• Indonesia Biodiversity Index
• Demo of the tools

Speakers:

• Pina Saphira, WWF Singapore
• Siti Rizkiah, WWF Malaysia

11:00 AM – 12:30 PM

Opportunities for Fls to drive nature-resilience

• Nature financing vs financing nature
• Mitigation hierachy
• Nature-based solutions
• Business case:
• IndoBamboo Project, DFCD: The Dutch Fund for Climate and Development (financing structure, approach, key success factors and other lessons learned)

Speaker:

• Stuart Beavis, WWF Hong Kong

12:30 PM – 2:00 PM

Lunch break

2:00 PM – 3:00 PM

Responsible Investment: nature-related integration in investment decision making processes

• Practicing responsible investment
• Stepping Up on Biodiversity: What the Kunming Montreal Global Biodiversity Framework means for responsible investors
• Central bank as growing active investors.
• How natural capital is being valued in sovereign debt markets

Speaker

• Laura Bosch Ferrete, Robeco

3:00 PM – 3:15 PM

Coffee break

3:15 PM – 4:15 PM

Nature Risk Data: Current state and challenges

• Nature Risk Profile
• Data provider perspective: challenges in collecting and presenting data, creating proxies
• How can central banks and financial sector use these data

New nature-related/biodiversity risk stress testing methodology

Speakers

• Vivian Zheng, S&P
• Jakub Cervenka, (1in1000)(Virtually)

Facilitated by: Aziz Durrani

4:15 PM – 5:00 PM

Panel Discussion – Central banks next steps in managing biodiversity risks

• Building blocks for central banks to develop nature scenarios
• Models and scenario methodology
• NGFS Scenario
• Nature and financial institutions in Africa: A first assessment of opportunities and risks
• Biodiversity and Ecosystem Services Scenarios Modelling Initiative
• Open Q&A on the expected challenges faced by regulators

Speakers

• Dr. Simon Dikau, INSPIRE
• Aziz Durrani, AMRO

Facilitated by: Adam Ng (WWF)