The 2020 ELTI General Assembly took place on Friday 4 December 2020 as a virtual meeting. President Laurent Zylberberg and Secretary General (SG), Helmut von Glasenapp expressed their disappointment in not being able to meet in person this year but looked forward to 2021 with the hope that we will be brought together again soon.
This year's General Assembly focused on the European commitment of NPBIs with three presentations and a panel discussion.
Amsterdam - The official launch of Invest-NL took place on 16 January 2020 in Amsterdam in the presence of Minister of Finance Wopke Hoekstra and Minister of Economic Affairs and Climate Eric Wiebes. As a private company led by Wouter Bos, Invest-NL will provide financing to companies that will make the Netherlands more sustainable and more innovative. With a share capital of 1.7 billion euros, Invest-NL’s focus at launch is on the energy transition and on innovative, fast-growing companies (scale-ups).
An important update from Climate Action regarding the Sustainable Investment Forum Europe 2020.
We deeply regret having to inform you that we have taken the extremely difficult decision to postpone the Sustainable Investment Forum Europe 2020 that was due to take place on 10th March in Paris.
New dates will be announced as soon as possible. This very difficult decision has been made in response to the growing concerns around Coronavirus (COVID-19).
From L to R: Carlos Linares Penaloza (COFIDE), Antonio Bandres (ICO), Helmut von Glasenapp (ELTI), Emma Navarro (EIB), Ana de la Cueva Fernandez (Ministry of Economics), Jose Carlos Garcia de Quevedo (ICO), Edgardo Alvarez Chavez (ALIDE), Gema Sacristan (IDB), Lutz-Christian Funke (KfW)
In 2018 ELTI members committed a financing volume of more than €140 bn of which more than €50 bn were invested in more than 300.000 sustainable projects all over Europe. The share of sustainable investments of our members is more than 30% of all commitments. This result is a strong incentive to remain frontrunner in sustainable finance in the years to come. Following the commitment to achieve climate neutrality by 2050, decided under COP21 in Paris, carbon-neutral projects need to be implemented and financed today. The role of Long-Term Investors has become more important today than ever since infrastructure investment projects have an average lifetime of around 30 years whilst projects which require long planning phases – and financed today, might run longer than 2050.
*Please note that this event has been postponed to a later date*
Sustainable Finance has gained more and more relevance in our business and the latest policy decisions are pointing even more in this direction. The European Commission presented the European Green Deal which includes a Sustainable Europe Investment Plan and the National Energy and Climate Plans which will trigger more sustainable finance activities of NPBIs. However, ELTI members and the EIB have experience in very different fields of sustainable finance ranging from Green and Sustainable Bonds, sustainable infrastructure projects, energy-efficiency programmes to financing research and development projects in this field. In 2018, ELTI members committed more than 35% of all credit approvals for sustainable projects.
ELTI Secretary-General, Helmut von Glasenapp participated in the European Parliament Seminar on “InvestEU & the Economy of Well-being: making the most of local know-how”, on Wednesday 4 December 2019. Hosted by Mr. Alfred Sant, Member of the European Parliament and the Steering Board for Social Infrastructure investment and co-organised together with European Association of Service Providers for Persons with Disabilities (EASPD) and the Lifelong Learning Platform, this joint event brought together the main representatives of the social services, health, education, social and affordable housing and ageing sectors at European level in order to discuss concrete plans for ensuring there is sufficient support for the development and financing of quality local social projects via the InvestEU programme.
As part of the B-DAY conference on boosting connectivity and investments, held on Tuesday 3 December 2019, ELTI was invited to speak on the panel 'Tomorrow's Connected Europe'. Secretary-General Helmut von Glasenapp presented the cooperation of NPBIs, the European Commission and the EIB in the Connecting Europe Broadband Fund. He highlighted the challenges and the need of funds for digital infrastructure in rural areas and regions, noting how digital skills and investment have to be fostered.
The seventh annual ELTI General Assembly was held at the Intercontinental Hotel in Budapest on Friday, 8 November 2019, courtesy of our Hungarian member MFB Hungarian Development Bank Plc.
On 13 November 2019, MEPs Dominique Riquet (France) and Simona Bonafé (Italy) organised a public presentation of the new "Long-term and sustainable investment" parliamentary intergroup. This event was part of the renewal of the European Parliament's Intergroup for long-term investment for the 2019-2024 parliamentary term, spearheaded by the European Long-Term Investors Association (ELTI).
The renewal campaign has many supporters, including Valdis Dombrovskis, the Executive Vice President-Designate in charge of financial services of the European Commission (under the ‘Economy that Works for People’ portfolio), along with MEPs Pascal Canfin, President of the Environment Committee, and Irene Tinagli, Chair of the Parliamentary Committee on Economic and Monetary Affairs, both of whom spoke at the event to show their support. While the European Commission has stated its ambitions of furthering ecological and energy transition as well as in the fields of digitisation and industrial policy, the renewal of this forum will mobilise the European Parliament’s financing arrangements. The final decision to renew the intergroup is expected in the month of December 2019.
The 5th edition of Bpifrance Inno Generation took place on October 10, 2019 in Paris.
Thanks to the 52,000 entrepreneurs who had ALL made an appointment at the AccorHotels Arena for the biggest business gathering in Europe.
Find today all videos related to this event on Bpifrance's Youtube channel.
European Long-Term Investors a.i.s.b.l.
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secretariat@eltia.eu