Finance Day 2023

Louvain-La-Neuve, Mons

May 17, 2023


16:00 Introduction

Prof. Frédéric Vrins - Président of LFIN

16:15 – Pathways towards net zero & sustainable investments

Philippe Wallez & Frédéric Degembe – ING

Pathways towards net zero - Climate change represents the most important challenge for our society for many years to come. New regulations and country targets make it imperative to act as a company but also as a human being to preserve our future. Banks have a central role to play as they finance the transition with the aim to help reaching net zero target.


Philippe Wallez is Head of ESG, Public Affairs and Senior Client Advisor. He is Managing Director Business Banking for ING Belux and joined ING Belgium Executive Committee in 2016. Philippe was awarded Marketeer of the Year in 2009 and Advertiser of the Year in 2011. Philippe holds a degree in commercial Engineering from the UCLouvain and a MBA from the University of Western Ontario in Canada.


Investing in sustainable companies: lots of challenges, lots of opportunities - Sustainable investment is a relatively new trend, generating interest from many stakeholders and attracting massive inflows in the asset management industry. Sustainability has dramatically changed for the better over the last years and is now offering a true and compelling alternative for investors, from retail to institutionals. It did not happen overnight and is in fact the consequence of many private initiatives, regulation and general awareness.

Frédéric Degembe started his career at the Bank of New York in Singapore in 1995 before joining ING Investment Management in 1999 to manage various thematic and sectorial equity funds (1999-2009). After having been for two years in a Credit Risk Portfolio Management position (ING Group), he joined the ING Investment Office where he participated in the creation of the fund of funds franchise. He is now responsible with his team for around EUR 13 billions assets under management, through various strategies including the successful ING Sustainable. He is also advisor to ING pension fund investment committee. Frédéric holds a degree in Business Administration (“Ingénieur de Gestion”, UCLouvain) and is CEFA (Certified European Financial Analyst).

16:45 – Climate stakes : learn from our past to create our future

Dr Marie Cavitte, F.R.S.-FNRS researcher - Heart and Life Institute, UCLouvain

Our planet’s climate has always fluctuated between cold period and warm periods, and we know this through the precious archives that are polar ice cores, which can preserve a record of the composition of past atmospheres. In 800,000 years of climate history, our atmosphere had never reached above 300 ppm. However, since the Industrial Revolution, we have doubled the concentration of carbon dioxide, quadrupled the methane concentrations, resulting in a 1°C increase in global temperatures. What does this mean for us humans inhabiting this planet ? What are the levers that could be used to create change and make sure we don’t cross the 1.5-2°C threshold?

Dr Cavitte got her Master degree in geology from Cambridge and a PhD in Antarctic glaciology from the University of Texas. After a year in the private sector working on geolocation techniques, Marie came back to academia to study climate issues. She is now a F.R.S.-FNRS post-doctoral researcher at the Earth and Life Institute at UCLouvain. Marie is leaning towards « science for policy », an important trans-disciplinary exercise to reach the objective to limit global warming to 1.5-2°C by 2100. She visited the polar station Princess Elisabeth Antarctica over the 2021-2022 winter season.

17:15 – The economic consequences of the energy transition

Prof. Hervé Jeanmart – Ecole Polytechnique de Louvain, UCLouvain

The biophysical foundations of socio-economic systems are underrepresented in the vast majority of macroeconomic models. This lack is particularly troublesome when considering the links between energy, matter and the economy in the context of the energy transition. As a remedy, we present here a biophysical stock-flow consistent macroeconomic model calibrated at the global scale, that combines detailed bottom-up estimates for the high capital intensity of renewable energies and the decreasing energy return on investment (EROI) of fossil fuels. We find that the completion of a global energy transition scenario compatible with the 1.5 °C objective of the Paris Agreement leads to a decrease of the system’s EROI and to high investment share, employment and inflation trends, characteristic of a “war economy”. Our results further indicate that a slower growth rate eases the transition, and call for further work on post-growth scenarios studies.

Hervé Jeanmart is a professor at the Université catholique de Louvain. He is a member of the Ecole Polytechnique de Louvain (EPL) where he teaches applied thermodynamics, renewable energy and energy systems to engineering students. For research, he is attached to the Institute of Mechanics, Materials and Civil Engineering (IMMC). All his research activities revolve around energy. Through his exchanges with students and the public, and the technological developments to which he contributes, he aims to achieve two major objectives: on the one hand, to facilitate and boost the energy transition and, on the other, to highlight the shortcomings of a transition based exclusively on technology.

17:45 – Because and Within

Jean Boissinot – Banque de France

This keynote will provide an insight into the momentum toward climate action in the central banking community and examine the motivations of central banks in considering climate change. It will reframe these actions within the broader context of the development of green finance and highlight what can but also what should not be expected from such developments.

Since 2021, Jean Boissinot is Deputy Director of Financial Stability at the Banque de France and Head of secretariat of the Network for Greening the Financial System, an initiative through which 125 central banks and supervisory authorities collaborate on taking climate and environmental issues into account in their activities. Prior to joining the Banque de France in 2018, he held various positions in the Treasury (French Ministry of Finance) and HM Treasury (UK Ministry of Finance), including responsibility for the climate agenda for the financial sector at COP21. He is the author of "La Finance verte, climat, secteur financier et transition net zéro" published by Dunod in November 2022.

18:15 Round table - Q&A

18:45 Closing & farewell drink


Practical information

The event will take place from 4:00 PM to 6:45 PM in the Auditorium Socrate 11, Louvain-la-Neuve (Belgium) and will be followed by a cocktail.

The event will be broadcasted to Local 15 of the UCLouvain Fucam Mons campus, Mons (Belgium).


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