Australian Senate to vote on motion regarding the Statement by largest ever investor group representing over $15 trillion calling for determined policy action on climate change

18 November, 2010

Following the Statement launched by the UNEP FI Climate Change Working Group, IGCC and Partners on 16 November 2010, Australian Senator Milne on 17 November proposed a related motion in the Australian Senate. In a Press Release the Green Party Senator announced that "The Australian Greens today welcomed the statement from a group of the world's largest investors, representing US$15 trillion, calling for both a carbon price and regulatory measures to drive investment towards renewable energy and other solutions to the climate crisis".

Senator Milne's communique announced that she would propose that Australian Senate noted "that a statement from a group of the world's largest investors, representing US$15 trillion calls for domestic and international policies to unlock the vast benefits of lowcarbon markets and avoid economic devastation caused by climate change, cites potentially 20% losses to GDP by 2050 if climate change goes unabated, notes the benefits of both a carbon price and regulation in driving investment into renewable energy and other clean technologies; and calls for emissions targets, strong and sustained price signals, energy and transportation policies, the phase out of fossil fuel subsidies, adaptation measures and corporate disclosure of climate risk to be implemented". The Milne motion further included a proposal to applaud the moves by elements of Australian business to embrace the opportunities provided by ambitious climate action, calling on the Australian government to consider the increasing benefits of swiftly transforming the economy for low to zero emissions.

UNEP FI and partners launch global insurance industry statement on adapting to climate change in developing countries

8 September, 2010

Reuters
Climate change help urged for developing nations

Sarah Mortimer
LONDON, 6 September, 2010 - Four associations on climate change initiatives, which represent over 100 insurers, have urged world leaders and governments to use insurance-linked products to protect developing countries against the impact of climate change. As the world wrangles over how to fight climate change, insurance think tank the Geneva Association, along with insurance industry lobby groups ClimateWise, the Munich Climate Insurance Initiative (MCII) and the United Nations Environment Programme Finance Initiative (UNEP FI), called for global governments to use better risk management and insurance-type approaches to reduce the vulnerability of developing countries from natural disasters. Read more.

CNBC
Climate change help urged for developing nations

Sarah Mortimer
LONDON, 6 September, 2010 - Four associations on climate change initiatives, which represent over 100 insurers, have urged world leaders and governments to use insurance-linked products to protect developing countries against the impact of climate change. As the world wrangles over how to fight climate change, insurance think tank the Geneva Association, along with insurance industry lobby groups ClimateWise, the Munich Climate Insurance Initiative (MCII) and the United Nations Environment Programme Finance Initiative (UNEP FI)...Read more.

USA Today
Insurance industry urges climate change help for developing world

7 September 2010 - More than 100 of the worlds top insurance companies have issued a United Nations-backed call for governments to use risk management techniques and insurance know-how to help developing nations adapt to climate change. Read more.

Environmental Finance
Insurers call for government assistance with adaptation efforts

9 September 2010 - Government action is required if the insurance industry is to realise its potential to help developing countries adapt to climate change, according to a statement backed by more than 100 leading insurance companies. Read more.

Impact of CEO Briefings

8 September, 2010

Ewoud Goudswaard, Managing Director ASN Bank: “The UNEP FI CEO Briefings continue to provide guidance to ASN Bank in formulating and implementing policy. ASN Bank hopes they do the same for other financial institutions.”

UNEP FI Members seize 3 out of 4 Financial Times Sustainable Bank of the Year Awards in the category Emerging Markets

2 July, 2010

           

Nedbank, TSKB and Itaú were named Emerging Markets Sustainable Bank of the Year by the Financial Times (FT) for the regions of Africa/Middle East, Eastern Europe and Latin America at a special ceremony. Additionally, UNEP FI member HSBC received the runner up position for the prestigious overall Sustainable Bank of the Year Award. See more on the UNEP FI Regional Task Forces and the FT Awards...

Rebuilding Trust

23 June, 2010

UNEP FI Co-Chair Barbara Krumsiek explains why sustainable finance can and should be central for the financial sector to overcome the damage to its reputation caused by the 2008 crash. Read more in her opinion piece in Environmental Finance…