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  Launch of the Sustainable Finance Initiative (SFI) Guiding Principles & E-Learning Platform
1 December, 2015
Nairobi, Kenya
  UNEP FI and its role at COP 21
1-9 December, 2015
Paris, France
  Mongolian Sustainable Finance Forum to bring together an audience of 400
27 November, 2015
Ulaanbaatar, Mongolia
  UNEP-FI partnered World Forum on Natural Capital providing high-level discussions on future of natural capital
23-24 November, 2015
Edinburgh, Scotland
  High-level National Meeting on Sustainable Finance
11-12 November, 2015
Dubai, UAE
  Natural Capital Risk and Opportunities Workshop
26 October, 2015
New York, NY, USA
  UNEP FI AGM to showcase latest policies on sustainable finance
12-13 October, 2015
Paris, France
  Launch of 'Fiduciary Duty in the 21st Century'
1 October, 2015
New York, USA
5 October, 2015 | Toronto, Canada
  UNEP FI to play significant role at ‘PRI in Person’ conference
8-10 September, 2015
London, UK
  UNEP FI to share expertise amongst world’s foresters and forest supporters - World Forestry Congress
7-11 September, 2015
Durban, South Africa
  Webinar: Carbon Asset Risk
26-28 August, 2015
  Webinar: Energy Efficiency in Financing
25 August, 2015
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 Training & Tools
  Environmental & Social Risk Analysis Online Course
26 October, 2015 -13 November, 2015
Language: Spanish
2-20 November, 2015
Language: French
9-27 November, 2015
Language: English
  Human Rights Guidance Tool for the Financial Sector
1 December, 2014
  Banking Guide

28 September, 2014
  » All Events  

UNEP FI Initiatives

Principles for Sustainable Insurance

Natural Capital Declaration

Sustainable Stock Exchange Initiative Link to SSE Website

Portfolio Decarbonization Coalition
Link to PDC Website

UNEP FI Partners

Principles for Responsible Investment Link to PRI Website

Portfolio Decarbonization Coalition overseeing decarbonization of $230bn Assets Under Management, significantly surpassing their $100bn target

27 November, 2015

The Portfolio Decarbonization Coalition (PDC), which aims to support greenhouse gas emissions cuts by engaging institutional investors committed to decarbonizing their portfolios, is now overseeing the decarbonization of $230bn in Assets Under Management (AUM), dramatically surpassing its target of $100 bn.
Hermes Investment Management in the UK, MN Services in the Netherlands, BNP Paribas Investment Partners, Humanis, and Caisse des Dépôts (CDC) in France today joined the coalition, bringing the number of members to 23, managing total assets of $2.2 trillion.
With announcements of new members planned for COP 21, increasing PDC membership is a clear signal that a growing number of leading investors are committed to playing a key role in tackling climate change by reducing the carbon risks and impacts of their portfolios.
Read the full press release.


Natural Capital Declaration launches work programme to advance environmental risk management’ in the financial sector

26 November, 2015

The Natural Capital Declaration (NCD), co-convened by the UN Environment Programme Finance Initiative (UNEP FI) and the Global Canopy Programme (GCP), announces the launch of the ‘Advancing Environmental Risk Management’ work programme. To be completed over two-and-a-half years from November 2015, the project aims to help catalyse sustainable investments and lending globally by reducing risks from environmental and natural resource pressures. The project will support the development of global methodologies to quantify risk and a have a focus on emerging markets such as South Africa, Indonesia, Colombia and Peru.
Read the scoping report.
Read the full press release.


UNEP FI to play leading role at COP 21 - Paris, France, 30 November-11 December

25 November, 2015

With the transition to a low-carbon and climate-resilient economy requiring trillions of US dollars, COP21 will highlight mounting concerns surrounding the costs and disruptive impacts that climate change will have on the global economy.
During COP21, UNEP FI will host, and participate in, both official and side events, substantiating the prominent role of the financial sector in mitigating climate change and financing solutions for a sustainable future. Presentations, discussion forums, and round table events will bring together key actors from the finance sector, international organisations and civil society to examine financial risks and opportunities associated with climate change.
COP21 will set the stage for a new generation of global climate change, facilitating collaboration to find innovative solutions to accelerate green growth and sustainable development.
See a detailed list of events.


UNEP FI plays central role at high-level national meeting on sustainable finance, Dubai

25 November, 2015

Following on from the first National Roundtable held in May 2015 in Dubai, UNEP FI led the way at a Roundtable of CEOs, as well as board members and senior managers, of national and international financial institutions from across the finance sector in the UAE. The aim of this meeting on 11th November was to raise awareness about sustainable finance and its vast potential for application in the UAE.
The meeting, which was co-organised by UNEP FI and the Ministry of Environment of the UAE in association with the Central Bank of the UAE, the Insurance Authority, Securities and Commodities Authority and the Dubai Financial Services Authority, was attended by high-level representatives from government, with opening remarks made by H.E. Minister of Environment and Water of the UAE, Dr. Rashid bin Fahad. Representatives from the Ministry of Economy and the Ministry of Foreign Affairs, Directorate for Energy and Climate Change also attended.
This highly successful day, which came in preparation for the hosting of the UNEP FI biennial Global Roundtable Event in Dubai in October 2016, was followed the next day by a workshop for practitioners from the Central Bank, and the banking industry sector. The workshop provided information on how to introduce and implement sustainable finance within their respective organisations.


UNEP FI gives delivers presentation at Convention on Biological Diversity Business & Biodiversity Forum 2015 “Practices, Solutions and the Way Forward”

19 November, 2015

UNEP Finance Initiative presented UNEP projects with a focus on financing mechanisms for biodiversity and sustainable development at the recent Corporate Responsibility Network FIBS and the Secretariat of the Convention on Biological Diversity (CBD). Hosted by the Finnish Ministry of the Environment in Helsinki, the two day event brought together international biodiversity experts to foster an exchange knowledge of companies’ latest practices on business and biodiversity. The forum aimed to broaden knowledge regarding the central role corporations play in protecting biodiversity and deepen companies’ understanding of business opportunities connected to biodiversity and the risks associated with biodiversity loss.


New report co-published by UNEP FI showcases how cities are building resilience to climate risks

2 November, 2015

Launched last week by the UNEP FI Principles for Sustainable Insurance (PSI) Initiative and AXA Group, "Business unusual: Why the climate is changing the rules for our cities and SMEs" showcases how cities and SMEs are building resilience to climate risks.
With 60% of the world's population will be living in cities by 2030, cities and small and medium-sized enterprises (SMEs) are at the heart economies and societies around the world. As part of this pioneering international study more than 40 urban/city leaders were interviewed, and more than 1,000 SMEs were surveyed, spanning developed and developing countries. The report highlights the pivotal role played by the insurance industry in working with cities and SMEs to help build resilient and sustainable communities and economies.
View the full survey report (also available in French)
Read AXA's press release


Investors recognise need to hedge future environmental risks
David Pitt-Watson, Financial Times, 7 October 2015

19 October, 2015

Experts reckon we need to find about $1tn a year to address environmental sustainability; they call it the “clean trillion”. A trillion dollars sounds a lot, but not so much in comparison to the $225tn represented in capital markets, which in turn represents the savings of millions of people. Investment institutions looking after those savings should be seeking sustainable investment opportunities, to provide the returns needed to pay for pensions and other contingencies. It is difficult to see how we can have financial stability without environmental sustainability.
To read in full this Financial Times article by David Pitt-Watson, co-chair of UNEP FI, click here (requires FT login).


UNEP FI concludes 2015 Annual General Meeting

19 October, 2015

UNEP FI on 12-13 October 2015 held its Annual General Meeting (AGM) at Amundi in Paris. The recurring theme of the two-day proceedings was on the changing context for sustainable finance, with a focus on risks and impacts - The increasing diversity and technical specialisation in ESG risks (e.g. water risk tools in corporate bonds and decarbonisation of investment portfolios) and the strategic responses need to the vital challenges such as climate change and energy efficiency.
Read more.


Natural Capital Declaration Receives CHF 4.2 Million (US$ 4.3 million) Pledge from the Swiss State Secretariat for Economic Affairs (SECO) to Advance Environmental Risk Management in the Financial Sector

13 October, 2015

The Swiss State Secretariat for Economic Affairs (SECO) has made a significant commitment to support the Natural Capital Declaration (NCD), the global finance-led initiative convened by the UN Environment Programme Finance Initiative (UNEP FI) and the Global Canopy Programme (GCP). SECO has allocated CHF 4.2 million (US$ 4.3 million) to support the NCD’s environmental risk management work programme to map natural capital risks across the portfolios of financial institutions and embed them in credit risk assessments.
Read the press release.


Major Banks Commit to Positive Impact Manifesto

13 October, 2015

The role of private finance in supporting the transition to a new economy is an integral and increasingly central part of the sustainability debate. Significant efforts are already underway to promote and enable the finance sector’s participation, yet despite these efforts, the availability of private finance remains limited. A core obstacle persists and threatens to impede the achievement of widespread change: the commercial viability and “bankability” of many of the products, activities and services that define the new economy remains elusive.
The UNEP FI Banking Commission announced today that they would take on this challenge with the launch of a “Positive Impact Manifesto” at the UNEP FI’s 2015 Annual General Meeting. The Manifesto invites banks and other financial sector players to think more holistically about their role in the economy, society and the broader environment, and proposes a ‘Roadmap’ to establishing a new, impact-based and market-driven paradigm: positive impact finance. Positive Impact finance is defined in the Manifesto as “that which verifiably produces a positive impact on the economy, society or the environment once any potential negative impacts have been duly identified and mitigated”.
Download the Positive Impact Manifesto.
Read the press release.


‘UNEP Inquiry’ report reveals how environmental needs can be aligned with global financial system

8 October, 2015

Achieving sustainable development requires investment in an inclusive, green economy. Today, mismatches between what is financed and what needs financing contributes to continued environmental deterioration of natural capital and insufficient investment in infrastructure and people to secure inclusive prosperity. The UNEP Inquiry has explored how changes in financial system design can bring the environment more effectively into financial decision-making. Its insights have been informed by an international Advisory Council and insights from practical country experience and extensive international engagement and research reflected in over fifty research papers.
The report synthesises three key elements. Firstly, financing for sustainable development can be delivered through action within the financial system, as well as in the real economy. Secondly, policy innovations from developing and developed countries demonstrate how the financial system can be better aligned with sustainable development. Thirdly, systematic national action can now be taken to shape a sustainable financial system, complemented by international cooperation.
Download full report: The Financial System We Need
Download summary report: The Financial System We Need
Download media kit
Visit the launch event webpage


Visibility and recognition for energy efficiency and its financing at the G20 level

8 October, 2015

In the Communiqué following the first meeting of G20 Energy Ministers early October 2015, the benefits of energy efficiency have been “recognized”, and the Voluntary Energy Efficiency Investment Principles for G20 participating countries have been “welcomed”. This represents a major step forward globally on the policy side, and at very high level. The Ministerial Communiqué will be presented to the G20 Leaders' Summit in mid-November. Financial institutions have the opportunity to express the support of the financial sector on the topic and related mobilisation by endorsing the G20 Energy Efficiency Statement or the Declaration of Banks on Energy Efficiency Finance. Read the G20 Energy Ministerial Communiqué and the Press Release.


New Report Launched to End Debate Surrounding Environmental, Social and Governance Issue Integration and Fiduciary Duty

28 September, 2015

A report published by UNEP FI, with partners Principles for Responsible Investment (PRI), UNEP Inquiry and the UN Global Compact aims to end the debate surrounding environmental, social and governance (ESG) issues and fiduciary duty. The report, which was formally launched at the PRI in Person Conference, London, following a ‘soft’ launch in Rio de Janeiro, is based on an analysis of fiduciary duty and investment practices in eight countries - Australia, Brazil, Canada, Germany, Japan, South Africa, the UK and the US.
Despite significant progress, too many investors are not yet considering ESG issues in their investment research and decision-making. Failure to consider long-term investment value drivers, which include ESG issues, in investment practice is a failure of fiduciary duty. Furthermore, even with investors that do accept the argument that they should consider ESG issues in their investment processes, implementation remains variable. The report examines the reasons why investors are not systematically integrating ESG as part of their fiduciary duty and proposes practical actions for institutional investors and policy-makers to address these barriers.
Download the full report and additional Media advisory.

Join the UNEP FI and Principles for Responsible Insurance(PRI) for the launch of the report in the US and Canada.
In the US, 8am – 10am, Thursday 1 October, hosted by the Morgan Stanley Institute for Sustainable Investing, New York.
Detailed US event information and Register.
In Canada, 8am – 10am, Monday 5 October, hosted by BMO Global Management, Toronto.
Detailed Canadian event information and Register.


Natural Capital Risk and Opportunities Workshop

25 September, 2015

Join the Natural Capital Declaration and Citi, in affiliation with UNEP FI, to explore emerging approaches to understand financial risks and opportunities linked to natural resource constraints at the Natural Capital Risk and Opportunity Workshop on 26 October 2015 in New York, USA. Registration open until Friday, 16 October.


Brazilian insurance industry concentrates on vision for 2030

18 September, 2015

Leaders and officials from the Brazilian insurance industry, including insurers, reinsurers and the regulator - the Brazilian Superintendence of Private Insurance (SUSEP) - convened in Sao Paulo to discuss how Brazil can harness the full potential of its insurance market for sustainable development. The Insurance 2030 Brazil Roundtable, co-hosted by the Brazilian Insurance Confederation (CNseg) and the UNEP FI Principles for Sustainable Insurance (PSI) Initiative, was a strategic discussion on how key stakeholders can develop pathways for action, scale and impact through to 2030 - the horizon of the UN Sustainable Development Goals that will be adopted by governments this month.
This Insurance 2030 vision is particularly important since Brazil is the largest insurance market in Latin America, with about half of the premium volume in the region. The UN Framework Convention on Climate Change Executive Secretary Christiana Figueres delivered a message at the Roundtable, emphasising the central role of the collaboration of actors, including insurers, in extending the boundaries of insurability towards the transition to a low-carbon and climate-resilient economy.
Watch UNFCCC Executive Secretary's message.


Investing in energy makes economic sense

17 September, 2015

Seventy financial institutions from over 20 countries have endorsed a Declaration on Energy Efficiency Finance. The move was taken at a two-day conference in Istanbul, “Building a Global Energy Efficiency Financing Alliance”, held jointly by the European Bank for Reconstruction and Development (EBRD) and UNEP FI in the run up to the G20 summit in November and COP21 climate talks in Paris in December. Sending a positive signal on the mobilization of the banking sector to step up financing for energy efficiency, the Declaration stays open until the COP21. If you wish to support the Declaration, please contact Annie Degen at annie.degen(at)unep.org
Read the Declaration.
Read the press release.


New policy briefing on the links between financial stability and environmental sustainability

16 September, 2015

Aimed at financial policy-makers, UNEP FI’s new briefing Banking and Sustainability: Time for Convergence provides a synthesis of the current state of thinking on the stability-sustainability link, based on research and engagement work with experts and practitioners from banks, bank regulators as well as from various scientific disciplines.
The study has been produced following expert input from the UNEP Finance Initiative, the University of Cambridge Institute for Sustainability Leadership (CISL, working with and on behalf of the Banking Environment Initiative – BEI) and the UNEP Inquiry into the Design of a Sustainable Financial System.
Read more


UNEP FI promotes Energy Efficiency to G20 leaders

15 September, 2015

UNEP FI is part of the Secretariat of the G20 Energy Efficiency Finance Task Group that aims to enhance the flow of finance for energy efficiency by providing analysis and recommendations to G20 policy makers, ahead of the G20 Leaders’ Summit in November 2015. The G20 Energy Efficiency Task Group has developed a ‘G20 Energy Efficiency Investor Statement’ to demonstrate to G20 leaders that the investment community is supportive of both energy efficiency activities and its financing. Investors are encouraged to sign this statement ahead of the Leaders’ Summit and the COP, and if possible before the end of September. For further information, please contact Annie Degen at annie.degen@unep.org


Government Subsidies Key Underlying Drivers of Forest Loss Says New UN-REDD. UNEP FI Policy Brief

9 September, 2015

A policy brief launched recently by the UN-REDD Programme in conjunction with UNEP FI ahead of the 14th World Forestry Congress, explores ways to reduce emissions from deforestation and forest degradation in developing countries. The Fiscal incentives for agricultural commodity production: Options to forge compatibility with REDD+ brief aims to encourage the alignment of government subsidies and other fiscal instruments with the objectives of REDD+. The brief calls for greater compatibility between rural development, commodity production and REDD+ objectives to ensure long term sustainability of agricultural production, healthy ecosystems and wellbeing of local communities. The brief acknowledges that subsidy reform should be accompanied by a package of policies, such as sustainable commodity supply chain initiatives and development assistance, to manage the socio-economic impacts of change and reinforce conservation efforts.
Download report: English version Spanish version
Link to UNEP news article


New tool for corporate bond credit analysis reveals significant water scarcity risk

9 September, 2015

The Corporate Bonds Water Credit Risk Tool, developed jointly through the Natural Capital Declaration (NCD) – an UNEP FI-led partner organisation – the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the German Association for Environment and Sustainability in Financial Institutions (VfU), was unveiled today at the Principles for Responsible Investment in Person conference, London. Developed in response to a growing demand for analytics to integrate water risk factors into investment analytics, this tool allows financial institutions to incorporate water risk in corporate bond credit risk analyses. The tool contains an analysis of 24 companies in the beverages, mining and power sector, and allows users to add their own companies and analysis.
Link to related NCD press release.
Links to Integration of Water Stress into Corporate Bond Credit Analysis report:
Summary Version
Full Version


UNEP FI-led Sustainable Stock Exchanges Initiative Model Reporting Guidance and Letter Campaign to Exchanges

7 September, 2015

Produced in collaboration with a global multi-stakeholder advisory group of experts, the UNEP FI-led Stock Exchanges Initiative (SSE) has today produced a Model Guidance to support all exchanges in their work to enhance transparency in their markets. Investors and companies increasingly look to exchanges to help support more sustainable markets, yet fewer than one-third of all exchanges offer guidance on reporting environmental, social and governance (ESG) considerations. To advance this effort, the SSE will publicly track 60 markets to clarify which exchanges offer guidance to their issuers, or have committed to doing so. Seven exchanges have already committed to producing their own reporting guidance.
To support this global effort, the UNEP-FI created Principles for Responsible Investment has launched a letter campaign, led by Allianz Global Investors, inviting investors and companies to engage exchanges on the importance of transparency. The letter specifically asks all exchanges who do not currently have a guidance to put one in place by the end of 2016 and therefore highlights an important opportunity for creating more sustainable capital markets. The final deadline to sign the letter will be 7 October.
Press release here
Model Guidance here


Costs of Climate Change - Climate Finance

7 September, 2015

UNEP FI’s acting Head Eric Usher discussed the potential costs and risks for the global economy associated with climate change on Dukascopy TV. Highlighted, was the need to shift focus to risk based climate costs as well as those which are mean based. The challenge of overcoming the capital intensive nature associated with transitioning to a green economy was acknowledged along with the significant role played by the financial sector in this transition.
Link to online video.


UNEP FI emphasises role of risk and insurance communities in sub-Saharan Africa in addressing environmental and social challenges

1 September, 2015

UNEP FI delivered the keynote address at Commercial Risk Africa's Risk Frontiers - Southern Africa Summit in Gaborone, Botswana on 23 July. As the region with the lowest insurance penetration and density, there is a huge opportunity to embed sustainability in Africa whilst the African insurance industry and economy are growing. Engagements that are not limited to South Africa, the biggest African insurance market, are important to ensure an inclusive approach and to promote diversity.
The summit therefore gathered CEOs and experts from Africa and the international risk management and insurance communities, as well as various companies across sectors, to establish how environmental, social, political, financial and legal risks can be better managed, and to develop a professional corporate risk management community at national, regional and pan-African levels.
Read the report of the event.


UNEP FI partners with the UAE Ministry of Environment and Water to develop online survey on green finance

1 September, 2015

UNEP FI has been working closely with the Ministry of Environment and Water (MoEW) of the United Arab Emirates (UAE) to support its plans in the transition to a Green Economy. Financing is a major factor in fulfilling the UAE’s ‘Green Agenda’ and a key element in supporting and facilitating sustainable development. This financing covers a range of projects, businesses, industry, organisations and general events and campaigns.
Within this framework and as a first step to encourage the embedding of green and sustainable finance in the UAE, UNEP FI has worked with MoEW to develop an online questionnaire to map out the current state of green finance in the UAE and ascertain the current funding practices of green projects. The study will conclude by the end of August and will highlight the challenges and expectations of the market. A summary of the outcomes of the survey will be published but without identifying individual institutions or respondents. Any questions will be responded to at greendevelopment@moew.gov.ae or by telephoning 04 214 8512.
Survey part 1
Survey part 2


UNEP FI and the World Resources Institute launch framework for financial institutions to manage carbon risks

31 August, 2015

The transition to the low-carbon economy is of vital strategic relevance to financial intermediaries and investors across financial markets, both in terms of opportunities and risks. Whilst an unprecedented increase in private finance is required for investments to underpin the low-carbon economy, the transition also presents significant financial risks. These range from a reduced profitability of investee companies to full loan defaults from the stranding of assets. This UNEPFI / WRI report therefore establishes a framework that offers guidance to a range of financial institutions to systematically address the financial risks linked to carbon-intensive business models and assets. Read the report.



Professor Alexander presents key findings on the report 'Stability and Sustainability in Banking Reform'

April 2015 – UNEP FI / CISL / UNEP Inquiry Expert Dialogue, Cambridge, UK.
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