A Journey towards a sustainable financial system: Luxembourg Sustainable Finance Roadmap

The aim of this Roadmap is to set a vision and lay the groundwork to establish a comprehensive and far-reaching sustainable finance strategy contributing to the Agenda 2030 and towards the objectives of the Paris Agreement. This Roadmap is ambitious in terms of Luxembourg’s contributions to sustainable development and climate action, it is forward looking […]

Navigating a New Climate: Assessing Credit Risk and Opportunity in a Changing Climate

Outputs of a working group of 16 banks piloting the TCFD Recommendations Part 2: Physical-related risks and opportunities This report is the result of a collaboration between sixteen of the world’s leading banks with UN Environment Finance Initiative (UNEP FI), and climate risk and adaptation advisory firm Acclimatise. The banks set out to develop and […]

Exploring Metrics to Measure the Climate Progress of Banks

Assessing and reporting on the transition to a low carbon economy is a key area of interest for public- and private-sector banks. In the months preceding the United Nations climate change conference in Paris in 2015, many of the world’s leading banks made commitments to either decrease the financing of “climate problems” or increase the […]

Extending our Horizons: Assessing Credit Risk and Opportunity in a Changing Climate

Outputs of a working group of 16 banks piloting the TCFD Recommendations Part I: Transition-related risks and opportunities This report is the result of a collaboration between sixteen of the world’s leading banks with UN Environment Finance Initiative (UNEP FI), and management consultancies Oliver Wyman and Mercer to pilot scenario-based assessments of transition-related risks and […]

Drought Stress Testing Tool

The ‘Drought Stress Testing Tool’ enables banks to assess if a client may be at risk from drought and how drought can affect a sector or region. A clearer understanding of the risk associated with droughts can help build more resilient financial institutions, and by shifting finance to less vulnerable sectors and regions, economies can become […]

Principles for Positive Impact Finance

The Principles for Positive Impact Finance provide guidance for financiers and investors to analyse, monitor and disclose the social, environmental and economic impacts of the financial products and services they deliver. They provide a global framework applicable across different business lines, including retail and wholesale lending, corporate and investment lending, and asset management. The Principles require […]

Guide to Banking and Sustainability – Edition 2

The Guide to Banking and Sustainability (“Guide”) is a high-level, functional overview of what a sustainable bank looks like from inside and to the outside. Who and what is it meant for? The Guide is first and foremost a tool for banking practitioners themselves. It is meant as an awareness-raising, integration and outreach tool for: […]

Positive Impact Manifesto

The Positive Impact 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 […]

Banking & Sustainability: Time for Convergence

In 2014, the UNEP Finance Initiative (UNEP FI) and the University of Cambridge Institute for Sustainability Leadership (CISL, working with and on behalf of the Banking Environment Initiative – BEI) commissioned a study entitled, “Stability and Sustainability in Banking Reform – Are Environmental Risks Missing in Basel III?“. The study was conceived in recognition of […]

Stability & Sustainability in Banking Reform: Are Environmental Risks Missing in Basel III?

In 2014, UNEP FI undertook a research project on Basel III and environmental risk in collaboration with the Cambridge Institute for Sustainability Leadership (CISL), the Banking & Environment Initiative (BEI) and supported by Bloomberg LP. The result of this work has been the release of the report Stability & Sustainability in Banking Reform: Are Environmental […]

Global Climate Change: Risk to Bank Loans

Does climate change pose a risk to bank loan portfolios? Which debt sectors are most likely to be impacted? What strategies can banks employ to reduce its impact?