Argentina in the G20 troika: The Boost to Sustainable Financing

On February 15, 2017 the Argentine Ministry of Treasury met with the UN Environment Mission in Buenos Aires to discuss sustainability, finance, and the launching of a strategic roadmap ahead of the country’s G20 troika with China and Germany. The UN Environment report, “The Financial System We Need: From Momentum to Transformation”, was launched last […]

ABM becomes first Latin American Banking Association

UN Environment’s Latin America and Caribbean Division is proud to announce that the Association of Mexican Banks (ABM) has joined the UN Environment Finance Initiative as a Supporting Institution – the first Latin American banking association to do so. Recently, ABM has played an exemplary role in leading and encouraging its members to engage on sustainability issues, as well as placing sustainable finance on the stakeholder agenda. The Association will act as a leader of sustainability practices in the banking sector in Mexico and will be an example to the region as a whole. It comprises some 50 institutions with whom it works towards developing and strengthening the Mexican banking sector. It also represents the interests of institutions that are looking to advance technically specialized services, information, and leadership exchanges.

Fiduciary Duty in the 21st Century: Launch of Canada Roadmap

                January 2017 The PRI, UNEP FI and The Generation Foundation have launched the Canada roadmap for Fiduciary Duty. The roadmap is the culmination of extensive consultation with regulators, investors, policy makers and attorneys across Canada. It makes a series of recommendations to enable the market-wide adoption of ESG integration. The recommendations address the following […]

Jordan Ahli Bank becomes first bank in Jordan to join UNEP FI

The Jordan Ahli Bank joined UNEP FI in January, thus becoming the first bank in Jordan to be a part of the initiative and the second to join from the country. Recognising its environmental and social responsibility, Ahli Bank has incorporated management policies that resonate with environmental standards and has been a pioneer in making […]

Tawreeq Holdings first financial institution from UAE to join UNEP FI

  In early January, Tawreeq Holdings, a UAE and Luxembourg based group, endorsed and became a signatory of the UNEP Statement of Commitment by Financial Institutions on Sustainable Development. Specializing in comprehensive Supply Chain Finance (SCF) solutions targeting small and medium-sized enterprises (SMEs) and their corporate clients across the MENA region, Tawreeq Holdings as the first UAE […]

New York State Pension Fund joins Portfolio Decarbonization Coalition

January 24, 2017 In the latest demonstration of institutional asset owners’ commitment to climate action, New York State Common Retirement Fund, the third largest public pension fund in the US with $184.5 billion in assets, has joined the Portfolio Decarbonization Coalition. The Common Retirement Fund is the first major US pension fund to join the Coalition’s 28 […]

Dongbu Insurance joins Principles for Sustainable Insurance Initiative

Dongbu Insurance has signed on to the Principles for Sustainable Insurance Initiative, becoming the second Korean insurer to become  a UNEP FI member. Dongbu Insurance is one of Korea’s leading general insurance providers with overseas operations in the US, London, China, Myanmar, Indonesia, and Vietnam. “Dongbu Insurance aims to carry out various activities, including strengthening […]

CDL becomes first UNEP FI member in Singapore

  UNEP FI is very pleased to welcome its first Singapore-based member, City Developments Limited (CDL), one of Singapore’s largest companies by market capitalization. CDL is an international real estate and hotel conglomerate, with a track record of over 50 years in real estate development, investment and management. As one of Singapore’s largest commercial landlords, CDL […]

ANT Financial Services and UN Environment launch Green Digital Finance Alliance

On Thursday 19 January 2017, at the World Economic Forum in Davos, UNEP FI member ANT Financial Services and UN Environment launched the ‘Green Digital Finance Alliance’ a ground-breaking initiative to harness digital technologies in catalyzing financing that addresses global environmental challenges. Financing sustainable development is one of the greatest challenge of our times. To […]

Chinese online payment provider Ant Financial joins UNEP FI

Chinese online payment provider Ant Financial joins UNEP FI Ant Financial Services Group has become the first Fintech company to join UN Environment Programme Finance Initiative’s network ofmore than 200 financial institution signatories. Ant Financial’s signing of the UNEP FI Statement of Commitment by Financial Institutions on Sustainable Development represents the online payments services providers’ recognition of the role of the […]

UN Environment and ICLEI create largest collaboration between insurance industry and cities

UN Environment’s Principles for Sustainable Insurance (PSI), the largest collaborative initiative between the UN and the insurance industry, and ICLEI—Local Governments for Sustainability, the leading global network of more than 1,500 cities, towns and regions, have joined forces to create the largest collaboration between the insurance industry and cities. Before 2016 ended, ICLEI signed the […]

Fiduciary Duty in the 21st Century: Launch of Australia Roadmap

December, 2016 UNEP FI, PRI and The Generation Foundation have launched the Australia roadmap, following consultation with investors, policy makers, lawyers and in collaboration with the Australian Council of Superannuation Investors (ACSI). The roadmap makes a series of recommendations covering both policy and practice that will allow a fiduciary to fully integrate Environmental, Social and […]

New Report: Financial Technology Can Break New Ground in the Transformation towards Sustainable Development

14 December 2016 Technological innovation is disrupting every aspect of today’s financial system, but it could also break new ground in the world’s transformation toward sustainable development according to a new report from UN Environment’s Inquiry, “Fintech and Sustainable Development: Assessing the Implications”. Financial technology, known as ‘fintech’ – including innovations such as mobile payment […]

Task Force on Climate-Related Financial Disclosures: Draft Recommendations Report out 14th December

  The Task Force on Climate-Related Financial Disclosures (TCFD) released its draft Recommendations Report in December 2016. The initiative – set up by the Financial Stability Board – will develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. The task force launched a […]

Blog: The UN, the Sustainable Insurance Forum, and the City by the Bay

UNEP FI’s Butch Bacani was in San Francisco for the first meeting of the Sustainable Insurance Forum, a new international network of insurance regulators and supervisors which will promote cooperation on critical sustainable insurance challenges such as climate change. In his blog, Butch tells the story of the creation of this new initiative, explains its […]

Launch of Investor Obligations and Duties in Asian Markets Report in South Korea

The Korea Sustainability Investing Forum together with UNEP FI, Principles for Responsible Investment (PRI), UN Global Compact Korea Network and BNP Paribas, co-hosted the launch of the ‘Investor Obligations and Duties in Six Asian Markets’ report in South Korea. In addition to South Korea, the report looks into the fiduciary duties in China, Hong Kong, […]