Q4 2025 Sustainable Finance Update
Transition-Related Principles and Taxonomies: Can They Lead the Next Chapter for the Sustainable Debt Market?
US & EMEA Edition
Join us for an insightful session as we explore the newly launched transition-related principles and taxonomies, and examine how they can help corporates—especially those in hard-to-abate sectors—access transition finance markets. With traditional GSSS bond issuance showing signs of slowing momentum, understanding the evolution of transition finance is becoming increasingly critical for market participants.
Topics to be discussed:
- Evaluate third-quarter issuance trends in comparison to previous periods, with a focus on the macroeconomic factors influencing market dynamics
- Discuss how newly introduced transition-related principles and taxonomies are expected to strengthen the credibility and scalability of the sustainable debt market
- Define the key elements of credible transition plans and examine their role in supporting and complementing transition finance strategies
Speakers
Adriana Cruz Felix
Senior Vice President - Sustainable Finance, Head of Assessments, EMEA
Moody’s Ratings
Daniel Bressler
Director, Corporate Sustainable Finance Advisory
NatWest Markets N.V.
Gemma Lawrence-Pardew
Head of Sustainability
Loan Market Association
Matt Kuchtyak
Senior Vice President - Sustainable Finance, Head of Assessments, Americas
Moody's Ratings
Confirm cancellation
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Adriana Cruz Felix, Senior Vice President of Sustainable Finance. Adriana heads Moody’s Ratings sustainable finance analytical team for the EMEA region. This team is responsible for producing second-party opinions and net-zero assessments.
For more than a decade, Adriana has been engaged in the sustainable development sector, dedicating the last seven years to analyzing the potential environmental and social benefits of financial instruments. She is one of the main authors of Moody’s Ratings SPO assessment framework and serves as the Chair of Moody’s Ratings Sustainable Finance Analytical Council. Additionally, she actively participates in ICMA’s sustainable finance working groups and task forces. Her sectors of expertise are energy and transition, green buildings, biodiversity, and social projects.
Dan is a Director on NatWest’s Sustainable Finance Advisory team and supports NatWest Markets client globally with the structuring and execution of sustainable finance transactions, developing sustainable finance frameworks and strategies, and engaging with investors and other relevant stakeholders on ESG topics. He has been with NatWest Markets NV since 2021. Dan was previously a Responsible Investment Specialist at HSBC Asset Management in London, where he developed sustainable investment portfolios and frameworks for evaluating ESG and impact data across asset classes and geographies. Before that, Dan was at Deloitte in the Sustainability Services team where he worked with corporate and financial services clients to enhance their sustainability strategies and disclosures.
He received a Bachelor of Science in Accounting and Marketing from New York University and a Master of Science in Applied Social Research from Hunter College in New York in 2013.
Gemma Lawrence-Pardew, Head of Sustainability, Director – Legal – Loan Market Association.
With over 11 years of experience at the Loan Market Association (LMA), Gemma is now Head of Sustainability and a Director - Legal, responsible for driving the Association's work on sustainable lending and supporting its documentation, education, and regulatory projects.
Gemma developed and published, in conjunction with our dedicated Committee the Green, Social and Sustainability-Linked Loan Principles and Model Provisions, which set the standards and best practices for sustainable lending across loan products. She has also expanded the LMA's thought-leadership directory with articles on sustainability in various sectors, such as aviation, leveraged, and shipping.
As a regular contributor to written media and speaker at conferences, Gemma shares her insights and expertise on green finance. She also created the LMA's first e-learning programme, "Understanding the Loan Market", which provides a comprehensive and accessible introduction to the syndicated loan market for practitioners.
Matt Kuchtyakis Senior Vice President –Sustainable Finance for Moody’s Ratings. In this capacity, Matt heads the Sustainable Finance Assessments team in the Americas, leading a team of analysts primarily responsible for the publication of Second Party Opinions (SPOs) –which provide an opinion on the overall sustainability quality of financial instruments or financing frameworks –and Net Zero Assessments (NZAs) –which provide an independent and comparable view on the strength of an entity’s carbon emissions reduction plans compared to a global net zero pathway.
In his role, Matt is also responsible for the origination and publication of thematic research related to the global sustainable finance markets. He also leads outreach and engagement on sustainable finance issues, cultivating relationships with investors, intermediaries, issuers and other market participants. He frequently participates in high-profile outreach including investor briefings, webinars, third-party conferences and media engagements. Matt also represents
Moody’s Ratings on a variety of industry initiatives, such as the International Capital Market Association’s sustainable finance working groups.
Before his current role, Matt was an analyst on the ESG team at Moody’s Ratings, where he advanced the rating agency’s efforts to incorporate ESG considerations systematically and transparently into its credit ratings. He was a key contributor to the development of the cross-sector ESG methodology, launch of the ESG Issuer Profile Scores and Credit Impact Scores and the development of the Carbon Transition Assessments. He was also the lead analyst for the Moody’s Ratings Green Bond Assessments. Previously, Matt was a credit analyst in the US Public Finance Group, where he served as a lead analyst for a diverse portfolio of hospitals, public and private universities and other not-for-profits.
Matt holds a B.A. in Economics and Political Science summa cum laude from Rutgers University-New Brunswick and is a member of Phi Beta Kappa