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Publications

 

Catalogue

 

All UNEP FI publications.

Publications are listed by date published (most recent first).

PDF Harnessing the full potential of the insurance industry in disaster risk management (470 KB | 4 pages)

An insurance industry commitment in support of the process to develop the Post-2015 Framework for Disaster Risk Reduction

Published: 2014 | By: UNEP FI

 
     

PDF Building disaster-resilient communities and economies (7.2 MB | 84 pages)

Building resilience to natural hazards requires an awareness of risk, a commitment by all stakeholders to make change happen, and a structured approach to funding and implementing effective measures for disaster risk reduction.

Published: 2014 | By: UNEP FI

 
     

PDF Climate Change: Implications for Investors and Financial Institutions (1.2 MB | 16 pages)

Published: 2014 | By: UNEP FI, Cambridge and IIGCC

 
     

PDF Integrated Governance – A new model of governance for sustainability (3.1 MB | 64 pages)

The report proposes a model of Integrated Governance that puts sustainability at the heart of governance and corporate boards’ strategic agendas. The Integrated Governance model is the system by which companies are directed and controlled, in which sustainability issues are integrated in a way that ensures value creation for the company and beneficial results for all stakeholders in the long term. The report illustrates the inadequacies of current corporate governance practices and outlines three phases that help companies move towards Integrated Governance, leading to a holistic integration of sustainability in their corporate strategies.

View the Press Release
View the Presentation slides

Published: 2014 | By: UNEP FI

 
     

PDF UNEP FI Brochure (1.6 MB | 12 pages)

A brochure about the UNEP Finance Initiative.

Published: 2014 | By: UNEP FI

 
     

PDF Sustainability Metrics: Translation and Impact on Property Investment and Management (5.5 MB | 111 pages)

Led by the Property Working Group of UNEP FI and developed by the Centre for Real Estate at the Karlsruhe Institute of Technology (KIT), the report was brought about through the support of RICS, the Principles for Responsible Investment (PRI) and the Institutional Investors Group on Climate Change (IIGCC).

The report provides a framework for a corporate real estate sustainability management (CRESM) system for property investment and management organisations, and offers a pragmatic three level approach (corporate, portfolio and single building level) that aims to help the industry manage the complexity of sustainability metrics and to organize information flows more efficiently.

View the Report
View the Executive Summary
View the Press Release
View the Flyer
View the Event Page

Published: 2014 | By: UNEP FI

 
     

PDF Energy Efficiency – the first fuel for the EU Economy (1.5 MB | 50 pages)

The interim report of the group co-convened by the European Commission / Directorate-General for Energy Energy and UNEP FI focuses on the financing of energy efficiency in buildings in the European Union. The report is organized around the drivers of both supply and demand for financing of projects, the policy-led and market-led approaches and instruments to stimulate more investments in energy efficiency in buildings, as well as some interim recommendations to policy-makers.

View the event page.

Published: 2014 | By: Energy Efficiency Financial Institutions Group

 
     

PDF Commercial Real Estate: Unlocking the energy efficiency retrofit investment opportunity (670 KB | 32 pages)

Energy efficiency retrofits have shown attractive returns on investment, even for short term investors. This is because such measures do not only generate direct cost savings, and they also are showing positive impacts on the overall value of buildings. However, despite evidence of the cost-effectiveness and robustness of the business case for such investments the vast majority of profitable retrofit opportunities remain untapped.

This report outlines why and how asset owners and managers can generate profitable energy efficiency investment opportunities and proactively manage them even in cases where payback is uncertain. It provides a synthesis of essential information and practices from real estate leaders in the form of a seven step approach and includes examples of how investors can increase the value of their real estate assets through energy efficiency retrofits.

View the press release
View the event page
View the webinar

Published: 2014 | By: UNEP FI

 
     

PDF Stimulating Interim Demand for REDD+ Emissions Reductions (570 KB | 50 pages)

Published: 2014 | By: UNEP FI, GCP, FFI, IPAM

 
     

PDF 2013 Global Roundtable Outcomes (693 KB | 7 pages)

Published: 2013 | By: UNEP FI

 
     

PDF Insuring Climate Resilience (2.2 MB | 32 pages)

Key to achieving climate resilience is access to sound risk assessment, management and transfer. The insurance industry possesses considerable expertise and know-how in these areas. This study, based on a survey among over 50 private sector insurance companies worldwide, explores how insurance companies and governments can work together to provide to vulnerable communities, particularly in developing countries, access to the insurance services needed to better cope with weather extremes.

Published: 2013 | By: UNEP FI

 
     

PDF 2013 Global Insurance Industry Statement (290 KB | 4 pages)

UNEP FI in partnership with ClimateWise and the Munich Climate Insurance Initiative (MCII), developed a joint statement that sets out a number of key areas of action that insurers have agreed to take forward, and recommendations for the wider multilateral community. The statement was first presented for discussion at the Caring for Climate Business Forum at the UNFCCC COP in Warsaw Poland on 19 November.

Published: 2013 | By: UNEP FI

 
     

PDF 2013 Global Roundtable Programme (14 MB | 22 pages)

Published: 2013 | By: UNEP FI

 
     

PDF South-originating Green Finance: Exploring the Potential (1.9 MB | 22 pages)

The report presents the latest quantitative evidence of rising levels of green finance from developing countries, and the key policy conclusion that such finance assesses investment risks differently and has different development consequences as compared to international finance. Policy directions implied by this important, emerging trend are signaled in the report as requiring more detailed analysis. Opportunities need to be understood and advanced for suitable fiscal incentives and national financial market policies and regulations to promote such finance, as well as policy levers in South-South trade and investment agreements. Climate finance policies and initiatives, including the Green Climate Fund, might explicitly consider how best to encourage South-originated green finance.

Published: 2013 | By: UNEP FI, IISD, SDC

 
     

PDF Investor Briefing - Portfolio Carbon (4.9 MB | 40 pages)

Through this Investor Briefing, UNEP FI provides a clear and compelling case for why and how investors and their service providers should start measuring, disclosing and reducing the GHG emissions associated with their investments and investment portfolios. Not only can institutional investors play a catalytic role in the decarbonization of the economy; increasingly, regulators, policy-makers, investee companies, pension beneficiaries and the public at large are expecting investors to fulfill precisely that responsibility.

A number of current trends mean that, from an investor perspective, GHG emissions increasingly must be treated as a source of financial risk that must be better understood, measured, communicated, and ultimately mitigated.

These trends include the steady emergence of climate change regulation and legislation in national and local jurisdictions; civil society calls for greater transparency on the environmental impacts of investment activity; and a gradual shift to mandatory disclosure on climate change and other environmental, social and governance (ESG) factors, both by companies and investors.

 

Published: 2013 | By: UNEP FI

 
     

PDF NCD Roadmap (2.6 MB | 27 pages)

The NCD Roadmap was originally presented at the Rio+20 Earth Summit in June last year. Since then it has been developed through a prolonged period of consultation with the finance sector in collaboration with other stakeholders. The report sets out the proposed NCD Roadmap, providing preliminary guidance on how the four commitments in the Natural Capital Declaration can be implemented by the finance industry.

This NCD Roadmap marks the transition from phase I of the NCD to phase II. Phase I refers to the preparation period that included six consultation workshops over an 18 month period in 2010 and 2011, which led to the launch of the Natural Capital Declaration at the Rio+20 Earth Summit in June 2012. By the time of the launch, the NCD had been endorsed by the CEOs of 37 financial institutions. Phase II of the NCD focuses on enabling financial institutions to implement the four core commitments through the development of metrics and tools.

Executive Summary

Published: 2013 | By: UNEP FI, GCP

 
     

PDF Creating the New "Normal" (490 KB | 24 pages)

Published: 2012 | By: UNEP FI

 
     

PDF Responsible Property Investment – What the leaders are doing 2nd edition (3.9 MB | 46 pages)

The field of Responsible Property Investment (RPI) has gained increasing prominence and acceptance among real estate investors in both developed and developing countries over the past few years.

This report looks at each stage of the investment process and highlights case studies of what some of the foremost property investment organisations around the world have been doing to apply RPI principles within their decision-making, thereby improving the environmental and social performance or governance of their property portfolios.

This is the second edition of an RPI Best Practice report produced by the Property Working Group (PWG).

Languages: Japanese

Published: 2012 | By: UNEP FI

 
     

PDF 2012 Global Investor Letter on Climate Change (440 KB | 3 pages)

2012 Global Investor Letter On Climate Change: World’s Iargest Investors Call for More Decisive Action by Governments on Climate Change.

Institutional investor networks representing the world’s largest investors today published an open letter addressed to governments of the world’s largest economies calling for a new dialogue on climate change policy in order to avert dangerous climate change and its resulting economic impacts. The letter, announced ahead of international climate negotiations in Doha calls for:

  • Clear, consistent and predictable policies that encourage low carbon investment;
  • Knowledge sharing between governments on effective climate and clean energy policies, building on successful existing national and regional measures;
  • Stronger international agreements that send clear market signals about the future of climate policy and reductions in greenhouse gas emissions

Published: 2012 |

 
     

PDF E-RISC (4.9 MB | 40 pages)

Published: 2012 | By: UNEP FI, Global Footprint Network

 
     

PDF Chief Liquidity Series – Issue 3: Extractive Industries (3.3MB | 68 pages)

The third issue of the Chief Liquidity Series focuses on a number of sub-sectors within the broader extractive sector. The first part of the briefing displays how water risks may manifest themselves in different types of extractive sub-sectors and how this in turn could affect the finance sector. Within the realm of this publication we focused on the following sub-sectors: coal, seam gas, precious metals, oil sands and base metals.

The second part of the briefing explores the challenges that the extractive sector is facing in countries that are water stressed. In this publication we focus on Australia, Brazil, Canada, China and South Africa. Every country chapter has case studies that detail challenges and potential solutions in practice.

Risk indicators are provided at the end of the publication to allow banks, investors and others to use these in dealing with their clients in this sector. Whether it is used in engagement procedures, to build a credit or lending policy on water or a sector policy on mining or oil and gas, we believe this information is supportive.

Subsections:

Published: 2012 | By: UNEP FI

 
     

PDF UNEP FI 2011 Overview (6 MB | 8 pages)

Round-up and analysis of UNEP FI publications and activities in 2011

Published: 2012 | By: UNEP FI

 
     

PDF Biodiversity Offsets: Voluntary and Compliance Regimes (2.2 MB | 24 pages)

A new UNEP-WCMC and UNEP FI report - "Biodiversity Offsets: Voluntary and Compliance Regimes" - provides an overview of voluntary biodiversity offset initiatives by businesses as well as compliance regimes of governments that are requiring companies to offset their impact on biodiversity and ecosystems. It also highlights existing challenges and opportunities for such schemes.

Published: 2012 | By: UNEP FI, UNEP-WCMC

 
     

PDF Tomorrow’s Capital Markets (1.6 MB | 36 pages)

UNEP FI and a series of partners took the first steps of a project that will evaluate the ability of existing incentives within capital markets to drive sustainability with the launch of a working paper.

Tomorrow’s Capital Markets represents the first phase of a long-term effort that aims to scrutinise sustainability the effectiveness of the current incentives structure and correct its most blatant flaws.

The paper identifies the complexity of incentives faced by different actors along the investment chain and flags some of the fundamental challenges – from communication gaps to the lack of viable metrics – arising from this intricate web.

Tomorrow’s Capital Markets also extends an invitation to all parties interested in developing this agenda to partake in dialogues scheduled throughout 2012-13. The initiative will culminate with a major presentation of findings and proposals in the fall of 2013.

Published: 2012 |

 
     

PDF Lenses and Clocks: Financial stability and systemic risks (993 KB | 67 pages)

This paper seeks to apply sustainable finance and responsible investment principles to inform the financial stability debate. The paper urges financial policy-makers to integrate measures that promote the values of transparency, accountability, responsibility and trust as they seek to formulate and refine policies that deliver a more stable and resilient financial system to support globalized markets. The importance of a deeper understanding of broader systemic risk issues, improved governance and clearer fiduciary responsibility — all central to both the overhaul of our financial systems and to the principles and practices of sustainable finance and investment — is a focus of the paper.

Published: 2012 | By: UNEP FI, IISD, The Blended Capital Group

 
     

PDF The Principles for Sustainable Insurance (889 KB | 18 pages)

The Principles for Sustainable Insurance provide a holistic approach to managing a wide range of global and emerging risks in the insurance business, from climate change and natural disasters to water scarcity, food insecurity and pandemics.

They represent the first-ever global sustainability framework tailored for the insurance industry that takes into account the fundamental economic value of natural capital, social capital and good governance.

Versions: English, Portuguese

Published: 2012 | By: UNEP FI

 
     

PDF Integracion de la sostenabilidad en las instituciones financieras Latinoamericanas (1.7 MB | 80 pages)

This report is the result of a pan-regional survey conducted among 85 financial institutions in 19 countries on how the Latin American financial sector has integrated sustainability in its activities. This is the most important effort ever undertaken in the region on this subject. The report includes 19 case studies of good practices. It is available in Spanish.

Published: 2012 | By: UNEP FI, FELABAN

 
     

PDF Natural Capital Declaration (397 KB | 6 pages)

The Natural Capital Declaration (NCD), is a commitment by CEOs from the finance sector to work towards integrating natural capital criteria into their products and services. It is convened and facilitated on their behalf by a secretariat comprising the United Nations Environment Programme Finance Initiative (UNEP FI), the Global Canopy Programme (GCP), and the Center for Sustainability Studies (GVces) of the Business Administration School of the Getulio Vargas Foundation. The NCD was born out of the insight that financial institutions could benefit from greater guidance to embed specific aspects of environmental, social, and governance (ESG) factors in their risk management, due diligence, loans, investments, and insurance activities.

Published: 2012 | By: UNEP FI, GCP, GVces

 
     

PDF UNEP FI Position Paper on Rio+20 (934 KB | 4 pages)

Published: 2012 | By: UNEP FI

 
     

PDF Demystifying Materiality: Hardwiring biodiversity and ecosystem services into finance (1.2 MB | 20 pages)

The CEO Briefing “Demystifying Materiality: Hardwiring biodiversity and ecosystem services into finance” is underpinned by the belief that biodiversity and ecosystems are crucial for understanding how natural capital can affect financial institutions, both in a positive and negative way. This publication features the findings from a survey among 48 UNEP FI and PRI members how they perceive the financial sector is exposed to biodiversity and ecosystem services, and how they embed biodiversity aspects in financial products and services. This publication clearly shows that the world is waking up to a 21st century type of banking, whereby environmental challenges - including loss of biodiversity and ecosystem degradation - go beyond reputation. The Briefing concludes with recommendations how this issue can be further hardwired into finance.

Versions: English French German Japanese Spanish Portuguese
Senior executives' commentary
Press Release Press release in Spanish

Published: 2012 | By: UNEP FI

 
     

PDF Financing Renewable Energy in Developing Countries: Drivers and Barriers for Private Finance in sub-Saharan Africa (3.8 MB | 56 pages)

This report outlines how current obstacles to the scaling-up of sustainable energy solutions in Africa - namely cost, infrastructure, and risk - can be tackled with the involvement of private finance. The report's conclusions and recommendations to sub-Saharan Africa and international policy-makers are based on a survey of 38 financial institutions.

Published: 2012 | By: UNEPFI

 
     

PDF Re-launch of AND YET IT MOVES – success stories and drivers of CDM project development in sub-Saharan Africa (1.1 MB | 56 pages)

International carbon markets have promised to catalyze low-carbon investment in regions of the world that are in need of both sustainable growth and a stable climate system. The expectations for CDM project development in sub-Saharan Africa were therefore particularly high; the results to date rather disappointing. Through real-world case studies in a number of countries and across different types of low-carbon technologies, this study shows that, despite many barriers and difficult circumstances, it is possible to combine financial with environmental returns in a region that is in need of both.

Published: 2012 | By: UNEP FI

 
     

PDF Insurance in a Changing Risk Landscape - Local lessons from the Southern Cape of South Africa (1.2 MB | 16 pages)

This report is a result of the research partnership between the Santam Group, WWF, University of Cape Town and Council of Scientific & Industrial Research, and was produced in collaboration with UNEP FI.

It features a case study on the current and future risk exposure to wildfire, flood and sea storm in the Eden District Municipality of South Africa, and offers insights on risk drivers such as climatic changes and human-induced changes to land cover and the buffering capacity of ecosystems. This makes a case for ‘ecosystem-based adaptation’, an approach that uses biodiversity and ecosystem services as part of an overall adaptation strategy, complementing traditional actions such as infrastructure development.

The report suggests a systems view of risk assessment, and a more proactive approach to risk management through a shared response at the local level.

It was launched during the 2011 UN Climate Change Conference in Durban, South Africa at an event focusing on how governments and the insurance industry can work together in building climate-resilient communities.

Languages: English, Korean

Published: 2011 | By: Santam, WWF, University of Cape Town, CSIR, UNEP FI

 
     

PDF Biodiversity Principles - Recommendations for the Financial Sector (450 KB | 16 pages)

In a new push for the valuation of biodiversity into finance, UNEP FI and partners German Federal Agency for Nature Conservation and the Association for Environmental Management and Sustainability in Financial Institutions (VfU) launched a one-of-a-kind set of guiding principles earlier this month.

The Biodiversity Principles – Recommendations for the financial sector, which was developed by and for financial institutions to hardwire biodiversity across the finance industry, steps up efforts to patch the current disconnect between financial sector and environmental protection advocates.

The guide specifically details how to integrate biodiversity in research activities, asset management, retail banking, insurance and re-insurance, corporate banking, investment banking and global markets as well as project finance.

"Financial institutions are increasingly beginning to recognize the importance of biodiversity," said sustainability manager at HypoVereinsbank Irina Detlefsen. “We hope that this guide will give a boost to such a major and under-addressed topic.”

German version

Published: 2011 | By: VfU, Bundesamt für Naturschutz, UNEP-FI

 
     

PDF Tread lightly (3.4 MB | 96 pages)

In this report, the Natural Value Initiative (NVI) reviews 30 companies in the mining and oil and gas sectors with total market capitalisation of £1,638 billion (US$ 2,545 billion, Euro 1,900 billion) on how these companies address biodiversity and ecosystem services within their own organization. The survey supports and extends one conducted by Insight Investment and Fauna & Flora International in 2005. It evaluates progress made by the sectors in addressing the issue of biodiversity, responding to emerging thinking on ecosystem services and developing robust systems to manage risk and realise opportunity associated with these issues. The report outlines company responses, identifies strengths and areas of common weakness, makes recommendations for improvement and offers further actions for investors, government and the industry. It is these suggestions

for improvement that the investors involved in this study are using in their ongoing dialogue with companies identified as underperforming within the analysis.

Published: 2011 | By: Fauna & Flora International, VBDO, Nyenrode, UNEP FI

 
     

PDF If You Ask Us...Making Environmental Employee Engagement Happen: Results of a Global Survey (2.4 MB | 24 pages)

This briefing provides an overview of the different employee engagement activities undertaken by UNEP FI members across the world. Based on the results of a survey, it identifies best practice in environmental employee engagement as well as the challenges ahead for more effective implementation of engagement programmes. The briefing is a follow up study to the If You Ask Us… Making Environmental Employee Engagement Happen which focused on environmental employee engagement activities in North America.

Published: 2011 | By: UNEP FI

 
     

PDF Investment-grade Climate Change Policy: Financing the transition to the low-carbon economy (1.3 MB | 44 pages)

The report has two objectives: (1) to contribute to policymakers’ understanding of the factors that institutional investors consider when investing in areas such as renewable energy and energy efficiency, and (2) to set out what institutional investors see as ‘investment-grade’ climate change and clean energy policy that would support significant low carbon, clean energy investment.

Published: 2011 | By: IIGCC, INCR, IGCC, UNEP FI

 
     

PDF 2011 Global Investor Statement on Climate Change (438 KB | 8 pages)

Climate change presents major long-term risks to the global economy and to the assets in which we invest. At the same time, well designed and effectively implemented long-term climate change and clean energy policy (“investment-grade policies”) will not only present significant opportunities for investors in areas such as cleaner and renewable energy, energy efficiency and decarbonisation, but will also yield substantial economic benefits including creating new jobs and businesses, stimulating technological innovation, and providing a robust foundation for economic recovery and sustainable long-term economic growth.

Using the 2011 Global Investor Statement on Climate Change, investors will advocate for investment grade climate change and energy policies at the national and international level.
Press release.

Published: 2011 | By: IIGCC, INCR, IGCC, UNPRI, UNEP FI

 
     

PDF UNEP FI Guide to Banking & Sustainability (3.7 MB | 40 pages)

The UNEP FI Guide to Banking & Sustainability provides a clause-by-clause explanation of the UNEP Statement of Commitment by Financial Institutions on Sustainable Development, seeking both to shed further light on the meaning of individual clauses, and to provide guidance on how banking institutions might seek to apply them in their day-to-day operations. The Guide further provides illustrations of current practice within UNEP FI Signatory banks, and references to key resources.

Translations

Would you like this Guide in another language? Would you be interested in arranging the translation?

Please get in touch with the Secretariat at banking[at]unepfi.org.

Conditions of translation:

  1. The Secretariat must be advised of any organisations translating the Guide
  2. Translations must follow the format of the original Guide, which will be provided by the Secretariat
  3. Translations of the Guide will be made publicly available
  4. Electronic copies of the translated Guide are to be made publicly available from the UNEP FI website
  5. Translations must be shared with the Secretariat prior to being made publicly available
  6. Acknowledgement of the entity arranging translation will appear on page 3 (inner cover) as follows:
    “The translation of this Guide into (insert language) was funded by (insert organisation name & logo)”

Published: 2011 | By: UNEP FI

 
     

PDF UNEP FI 2010 Overview (4.2 MB | 8 pages)

Round-up and analysis of UNEP FI publications and activities in 2010

Published: 2011 | By: UNEP FI

 
     

PDF REDDy-Set-Grow Part II: Private sector suggestions for international climate change negotiators (1.2 MB | 45 pages)

In this report, the financial sector voices suggestions to international climate change negotiators on how an effective regime for forest-based climate change mitigation should be designed to mobilise private finance engagement and investment.

Executive Summary
Press Release

Published: 2011 | By: UNEP FI

 
     

PDF Sustainable Insight - The nature of ecosystem service risks for business (2.21 MB | 20 pages)

In this issue of Sustainable Insight KPMG, Fauna & Flora International and UNEP FI review the extent to which companies are prepared to deal with Biodiversity and Ecosystem (BES) services challenges and examine whether this response reflects the magnitude of corporate impacts and dependencies on BES.

Published: 2011 | By: KPMG, Fauna and Flora International, UNEP FI

 
     

PDF An Investors’ Perspective on Environmental Metrics for Property (668 KB | 12 pages)

This study argues that environmental property metrics users and suppliers must bridge the gap that separates them to successfully measure the environmental performance of property portfolios and related improvement activities.

Published: 2011 | By: UNEPFI

 
     

PDF REDDy, Set, Grow - Opportunities and roles for financial institutions in forest carbon markets (1.7 MB | 41 pages)

This publication - the first of a two-part report - is designed to identify and tackle barriers to investment in forest-related projects, such as the UN-backed Reducing Emissions from Deforestation and forest Degradation (REDD) scheme.

Executive Summary

Published: 2011 | By: UNEP FI

 
     

PDF Universal Ownership - Why environmental externalities matter to institutional investors (3.0 MB | 69 pages)

Large institutional investors are, in effect, “Universal Owners”, as they often have highly-diversified and long-term portfolios that are representative of global capital markets. Their portfolios are inevitably exposed to growing and widespread costs from environmental damage caused by companies. They can positively influence the way business is conducted in order to reduce externalities and minimise their overall exposure to these costs. Long-term economic wellbeing and the interests of beneficiaries are at stake. Institutional investors can, and should, act collectively to reduce financial risk from environmental impacts.

Published: 2011 | By: UNEP FI, UN PRI

 
     

PDF If you ask us…: Making environmental employee engagement happen (1.2 MB | 28 pages)

This report sheds light on the recent progress realized by North American UNEP FI members in implementing environmental employee engagement in their workplace and their activities at large. Conclusions reached, which include best practices and an overview of challenges ahead, are based on the results of a wide-ranging survey conducted among 20 UNEP FI North American members over the second half of 2010.

Launch event in Toronto.

Published: 2011 | By: UNEP FI

 
     

PDF Implementing responsible property investment strategies (1.4 MB | 16 pages)

The application of ESG issues to the design and implementation of property investment strategies is complex given the ever-changing kaleidoscope of interests and stakeholders involved at different stages of the life of a real estate asset.

This brief Toolkit outlines a set of core issues that property investors may wish to consider when implementing a responsible property investment (RPI) strategy within their organization, focusing on how such process can help tie insight on ESG performance into property asset values and how such analysis may be incorporated in strategic asset allocation, stock selection and asset management.

This is the fourth in a series of toolkits produced by the Property Working Group (PWG) coordinated by the United Nations Environment Programme Finance Initiative.

Japanese version

Published: 2011 | By: UNEP FI

 
     

PDF Advancing adaptation through climate information services (1.2 MB | 28 pages)

Financial institutions need more developed information services regarding the physical impacts of changing weather patterns. The survey showed that with the risks of climate change expected to increase, financial service providers need enhanced access and availability of climate information to further enhance related risk management within their industry. The influence of these financial institutions worldwide could in this way play a key role in accelerating the implementation of adaptation measures by the private sector more broadly. The report, sponsored by the German Federal Ministry of Education and Research, presents the results of an international survey undertaken by the Climate Change Working Group (CCWG) of UNEP FI and the Sustainable Business Institute (SBI), Germany. A total of 60 institutions from all continents took part in the survey, including both developed and developing countries. “As a leading insurance group we can observe in our data base in some regions a change of loss patterns from weather catastrophes in the past decades”, said Ernst Rauch, Head Corporate Climate Centre at Munich Re and a member of the CCWG. “To secure risk transfer to the private insurance sector in the future, the understanding of potential impacts from climate change on losses from atmospheric perils is essential. The relevance of climate data and their interpretation for business purposes will play a more and more important role in the future”.

Published: 2011 | By: UNEP FI, SBI

 
     

PDF Global Investor Statement on Climate Change (304 KB | 10 pages)

Over 250 investors responsible for the management of funds the size of US GDP call for policies to unlock low-carbon growth and avoid economic devastation.

The world's largest global investors have a powerful message for world governments and climate negotiators in Cancun: take action now in the fight against global warming or risk economic disruptions far more severe than the recent financial crisis. Investors released the statement, which was facilitated by the UNEP FI Climate Change Working Group and Partners, calling for national and international policies that will spur private investment into low-carbon growth and protect the world economy from the worst impacts of climate change.

Signatories include both global players like UNEP FI Signatories Allianz and HSBC as well as many smaller institutions from developed and developing countries. This is the largest-ever group of investors to call for government action on climate change. “We cannot drag our feet on the issue of global climate change," said Barbara Krumsiek, Chair of the UNEP FI and CEO of US-based investment firm Calvert Investments. "Calvert is deeply concerned about the devastating impacts climate change - if left unaddressed - will have on the global economy. Based on the Stern Report, we know these impacts could reach global GDP cuts of an unimaginable 20% per year. Why should we take that risk? The solutions are quickly emerging and we must deploy these solutions to help secure the innovation and sustainable growth our economies need."

Press release.

Versions: Spanish Portuguese

Published: 2010 | By: IIGCC, INCR, IGCC, UNEP FI, UNPRI

 
     

PDF CEO Briefing: Green Buildings and the Finance Sector - An Overview of Financial Institution Involvement in Green Buildings in North America (527 KB | 8 pages)

Published: 2010 | By: UNEP FI

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 17 (660 KB | 8 pages)

PRI signatories kick off Australia network; Banking on resilience; RI skills "career essentials"; Joining forces to promote the world’s largest corporate citizenship initiative; Supporting carbon market development

Published: 2010 |

 
     

PDF Universal Ownership - Why environmental externalities matter to institutional investors (670 KB | 16 pages)

Summary of the full report

Published: 2010 | By: UNEP FI, UN PRI

 
     

PDF Global insurance industry statement: Adapting to climate change in developing countries (550 KB | 4 pages)

The global insurance industry demands public-private action on climate change adaptation in developing countries

Four initiatives representing more than 100 leading international insurance companies are today calling on governments worldwide to harness risk management techniques and insurance expertise to help implement climate change adaptation measures in the developing world as well as to firmly anchor insurance mechanisms as part of the future international climate change regime under the UNFCCC.

The data is clear: weather-related disasters have become significantly more frequent and more extreme in recent decades and this trend will not cease anywhere in the mid-term future. Ambitious action on reducing greenhouse gas emissions remains critical in order to keep climate change within boundaries not dangerous for global human development. There is a sharpening need, however, to adapt to the unavoidable effects of climate change. This is particularly the case in developing countries where human health, social security and basic infrastructure are less robust.

Given its risk management expertise and skills, the insurance industry can play an important role in supporting governments to prioritise concrete adaptation measures, incentivise loss reduction, develop products to cover emerging risks and raise awareness amongst many stakeholders. However, without a suitable enabling economic and regulatory framework, insurance risk management mechanisms are falling considerably short of their potential to deliver adaptation benefits.
See the Press Release.
Versions: French Spanish Korean

Published: 2010 | By: ClimateWise, Geneva Association, Munich Climate Insurance Initiative, UNEP FI

 
     

PDF Chief Liquidity Series - Issue 2: Power Sector (2.6 MB | 64 pages)

The second issue of the Chief Liquidity Series focuses on the power sector, and specifically on thermal power and hydropower. The first part of the briefing goes into the technicalities of both types of power, whereas the second part - analogue to the first issue of the Chief Liquidity Series - outlines what the opportunities and challenges are for countries and regions that are facing economic and/or physical water stress. The Performance Indicators (PIs) at the end of the report provide useful information about water issues, which can be useful to loan officers, credit analysts, portfolio managers and ESG and CSR specialists dealing with clients in the power sector. Such information can be used for easier integration of water-related considerations in due diligence processes, engagement with clients in this sector, drafting of new policies, etc.The underlying reason is that water pressures and their implications for business and finance generally manifest locally and vary considerably from sector to sector and geography to geography.

Subsections:

Published: 2010 | By: UNEP FI

 
     

PDF UNEP FI 2009 Overview (1.3 MB | 8 pages)

“2009 was the year of opportunity. As the global economy began recovering from the crisis, the finance sector faced multiple challenges and opportunities”, says Paul Clements-Hunt in UNEP FI Overview 2009. See what we did in 2009, how many members we welcomed, how we intend to pave the Road to Rio+20, and who will lead the Initiative towards its 20th birthday.

Korean version

Published: 2010 | By: UNEP FI

 
     

PDF Translating ESG into sustainable business value — Key insights for companies and investors (838 KB | 33 pages)

The UNEP FI Asset Management Working Group and the Markets & Valuation Work Stream of the World Business Council for Sustainable Development (WBCSD) have jointly published this report providing key insights for companies and investors on how their business and investment philosophy and practices going forward can better address the why, what and how of communicating corporate environmental, social and governance (ESG) performance to the capital markets.

The report is based on a series of UNEP FI-WBCSD workshops held globally in 2008, as well as key events in 2009. These provided a platform for companies and investors to collectively address barriers within capital market valuation processes that inhibit the proper disclosure and assessment of corporate ESG performance—underpinning the materiality of ESG factors to long-term, sustainable business value and to the performance of investment portfolios.

Business leaders and investors can use the report as a tool to advance the integration of ESG factors into corporate and investment decision-making, and to continue discussing the needed evolution towards more holistic and realistic capital market valuation processes.

Executive Summary

Versions: Chinese, French, Portuguese, Spanish

Published: 2010 | By: UNEP FI and WBCSD

 
     

PDF Biodiversity offsets and the mitigation hierarchy: a review of current application in the banking sector (2.6 MB | 43 pages)

Many development and commercial banks have adopted performance standards or requirements which oblige clients to seek to avoid and minimise harm caused to biodiversity by development projects, and finally to compensate for residual impacts. UNEP Finance Initiative and the Business and Biodiversity Offsets Programme (BBOP) are undertaking a study to more systematically analyse current practice in the financial sector with respect to the mitigation hierarchy and biodiversity offsets.

Published: 2010 | By: PricewaterhouseCoopers, BBOP, UNEP FI

 
     

PDF Disclosing Responsible Property Investing Strategies and Performance (3.0 MB | 20 pages)

Transparency is a core value of responsible investment. Disclosing how property investors address environmental, social and governance (ESG) issues in their strategic decisions and day-to-day performance is key to implementing a responsible property investment (RPI).

This brief toolkit outlines steps for responsible property investors to disclose their ESG strategies and performance. It looks specifically at how property investors can design and implement an ESG report that discloses:

  • Corporate governance and strategies on ESG-related issues
  • ESG performance against year-over-year benchmarks
  • Targets for future performance improvements
  • Case studies that reveal how ESG issues are engaged in practice

This is the third in a series of toolkits produced by the Property Working Group (PWG) coordinated by the United Nations Environment Programme Finance Initiative. The Toolkit series are produced in conjunction with the Responsible Property Investing Center, to support the dissemination of RPI in the global real estate industry.

Japanese version

Published: 2010 | By: UNEP FI

 
     

PDF Responsible Property Investing: Metrics for Performance Measurement (2.9 MB | 24 pages)

Responsible Property Investing covers a wide range of investment practices and styles that integrate environmental, social, and governance information into investment decision-making. Key to managing and monitoring progress on these issues are systems for measuring and benchmarking building and portfolio performance. The purpose of this toolkit is to provide interested investors and property fund and asset managers guidance on how to develop systems of metrics meant to measure RPI, how those metrics across property portfolios can be collected, and finally how information collected can be integrated into portfolio management.

This is the second in a series of toolkits to be published by the Property Working Group (PWG) coordinated by the United Nations Environment Programme Finance Initiative. The Toolkit series is being produced in conjunction with the Responsible Property Investing Center, to support and encourage the development of RPI.

Japanese version
Version française

Published: 2010 | By: UNEPFI

 
     

PDF Green Buildings and the Finance Sector - An Overview of Financial Institution Involvement in Green Buildings in North America (1.2 MB | 42 pages)

This report is intended for financial institutions in the United States and Canada that are interested in becoming involved or have started to get involved with green buildings. It is meant to provide an overview of the relevant facts and issues related to green buildings, the roles that the financial sector can play, and the potential barriers and benefits to financial sector involvement. It also offers some guidance and strategies for financial institutions preparing for greater involvement with green buildings.

Published: 2010 | By: UNEPFI

 
     

PDF 2010 Investor Statement on Catalyzing Investment in a Low-Carbon Economy (230 KB | 7 pages)

On 14 January 2010 the world’s largest investors released a statement calling on the U.S. and other governments to quickly adopt strong national climate policies that will establish a stable investment climate and thus spur low-carbon investments to reduce emissions causing climate change. At December’s Copenhagen Climate Change Summit it was estimated that private-sector investors will need to finance more than 85 percent of the global transition to a low-carbon economy.

The Investor Statement on Catalyzing Investment in a Low-Carbon Economy calls for rapid action on carbon emission limits, energy efficiency, renewable energy, financing mechanisms and other policies. The statement was endorsed by four groups representing more than 190 investors with more than US$ 13 trillion of assets – Investor Network on Climate Risk (INCR), Institutional Investors Group on Climate Change (IIGCC), Investor Group on Climate Change (IGCC) and the United Nations Environment Programme Finance Initiative (UNEP FI).

Press release

Published: 2010 | By: Major Investors

 
     

PDF Owner-Tenant Engagement in Responsible Property Investing (3.1 MB | 28 pages)

Successful Responsible Property Investment strategies often depend on owner-tenant cooperation. This report presents several stories from leading property organizations that are committed to sustainability and responsible investing on innovative ways to promote better cooperation between owners and tenants.

Japanese version

Published: 2009 | By: UNEP FI

 
     

PDF 0.618... - Issue 9 (2.3 MB | 20 pages)

In this issue: Fiduciary duty; Green bridges from Cape Town to Copenhagen; Dialectics of sustainable finance; The carbon caravan; Institutional investors and consumers; The changing business environment; Building resilience to climate change; Reasons to be cheerful; and How the Consider Us campaign will give children a voice at Copenhagen.

Published: 2009 | By: UNEP FI

 
     

PDF Catalysing low carbon growth in developing economies - Public Finance Mechanisms to scale up private sector investment in climate solutions (1.5 MB | 28 pages)

The successful mobilization of private investment for greenhouse gas abatement and adaptation to climate change especially in developing countries will be one of the critical conditions for the success of any global climate change strategy. In the recent past carbon markets have already played an important role in doing so, but, given their limited breadth and depth, they are unlikely to channel private finance at the scale needed in the coming years. Public Finance Mechanisms (PFMs) have the potential to leverage large quantities of private investment through smart public investment at scales beyond the carbon markets. This report provides an evidence base of what design features have made such mechanisms work successfully in the past. It further suggests how, with which design elements and through which institutional frameworks and mechanisms PFMs at international level could best be deployed to leverage private investment in a scale needed for the creation of a low-carbon economy.
Case Study Analysis (PDF: 1.4 MB)
Press release
Chinese version summary

Published: 2009 | By: UNEP FI

 
     

PDF The Natural Value Initiative: Linking Shareholder and Natural Value (3.1 MB | 78 pages)

The Natural Value Initiative (NVI) is a toolkit to enable investors to evaluate biodiversity impacts and ecosystem services dependency within the food, beverage and tobacco (FBT) sectors, which are especially dependent on the ecosystem services provided by biodiversity. UNEP Finance Initiative, international environmental NGO Fauna and Flora International, and the Brazilian business school FGV collaborated on this initiative which aims to raise awareness of the links between biodiversity, investment value and the finance sector. The Ecosystem Services Benchmark guidance document and the public report Linking Shareholder and Natural Value containing results of the analysis were launched by the Dutch Ministry of Environment at the UNEP FI Global Roundtable.
Executive summary

Published: 2009 | By: UNEP IF

 
     

PDF UNEP FI 2008 Overview (1.8 MB | 8 pages)

Published: 2009 | By: UNEP FI

 
     

PDF Chief Liquidity Series - Issue 1: Agribusiness (geography- and sector-specific water materiality briefings for financial institutions) (5.4 MB | 72 pages)

The water scarcity challenge is widespread and of global magnitude, but the exact nature of water pressures, regulatory frameworks, and suitable responses vary across regions and sectors; therefore, addressing the challenge requires focused attention locally. Building on the generic Water-related Risk Management Guidelines developed by UNEP Finance Initiative in 2007, the Chief Liquidity Series seeks to provide concrete guidance at the local level - each issue looking at a specific sector across a set of particularly exposed geographies. As such, they aim to close a gap often found in financial institutions between ambitious environmental policies at the group level but lacking awareness and know-how in daily interactions with clients and investees. This first issue sheds light on the water challenges faced by agribusiness actors in Australia, India, South Africa, Brazil and the Mediterranean Basin and provides guidance on the questions financial institutions should ask to better handle the water challenges in these and similar regions themselves.

Subsections:

Published: 2009 | By: UNEP IF

 
     

PDF The Natural Value Initiative: The Ecosystem Services Benchmark (2.6 MB | 40 pages)

The Natural Value Initiative (NVI) is a toolkit to enable investors to evaluate biodiversity impacts and ecosystem services dependency within the food, beverage and tobacco (FBT) sectors, which are especially dependent on the ecosystem services provided by biodiversity. UNEP Finance Initiative, international environmental NGO Fauna and Flora International, and the Brazilian business school FGV collaborated on this initiative which aims to raise awareness of the links between biodiversity, investment value and the finance sector. The Ecosystem Services Benchmark guidance document and the public report Linking Shareholder and Natural Value containing results of the analysis were launched by the Dutch Ministry of Environment at the UNEP FI Global Roundtable.

Published: 2009 | By: UNEP FI

 
     

PDF The materiality of climate change - How finance copes with the ticking clock (5.8 MB | 136 pages)

The third iteration of the UNEP FI Asset Management Working Group’s ground-breaking “Materiality Series,” which started in 2004 with “The Materiality of Social, Environmental and Corporate Governance Issues to Equity Pricing” and followed in 2006 by “Show Me The Money: Linking Environmental, Social and Governance Issues to Company Value”, exclusively tackles climate change. The full version of the 2009 report, “The Materiality of Climate Change – How finance copes with the ticking clock”, was launched at the UNEP FI Global Roundtable in Cape Town, South Africa, in October 2009 just weeks before the critical UN Climate Change Conference in Copenhagen, which will determine the post-Kyoto Protocol regime. The report provides a comprehensive review of key financial analyst and academic research on climate change in order to accelerate the integration of climate change risks and opportunities into fundamental financial analysis and practice. It includes expert commentary on a wide range of climate change issues, from US engagement and the EU agenda, the BRIC economies and carbon intensive sectors, to carbon capture and storage, energy efficiency, adaptation, and supply chains. It demonstrates yet another robust example of why it is vital for the financial markets that policymakers seal a fair, balanced and effective global deal in Copenhagen.

Executive summary

Versions: Chinese, English, French, Portuguese

Published: 2009 | By: UNEP FI

 
     

PDF The global state of sustainable insurance – Understanding and integrating environmental, social and governance factors in insurance (5.4 MB | 90 pages)

This ground-breaking report explores the complex relationship between environmental, social and governance (ESG) factors, core insurance operations, and the insurance industry.

The report is based on a pioneering global survey conducted in 2009 by the UNEP FI Insurance Working Group and its Academic Working Group on the understanding and integration of ESG factors in insurance underwriting and product development.

The comprehensive survey covered a wide spectrum of ESG factors as they relate to the insurance business, primarily—climate change, biodiversity loss & ecosystem degradation, water management, pollution, financial inclusion, human rights, emerging manmade health risks, ageing populations, regulations, disclosure, ethics & principles, and alignment of interests. The survey obtained respondents from 60 territories worldwide—from Africa, the Asia-Pacific, Europe, North America, and Latin America & the Caribbean—with over 3,800 years of cumulative insurance experience, and generated nearly 2,700 pages of data.

This landmark report includes forewords from UN Under-Secretary-General and UNEP Executive Director, Achim Steiner, and HRH The Prince of Wales. It was launched at the 2009 UNEP FI Global Roundtable in Cape Town, South Africa, which convened leaders and experts from the financial sector, governments, civil society and academia to discuss and act on the sustainability-finance nexus across the insurance, investment and banking industries, and to set the agenda for the coming years. The 2009 Roundtable ran the theme, ‘Financing Change, Changing Finance’, and brought together over 400 delegates from around the world.

Languages English, Portuguese

Press release

Published: 2009 | By: UNEP FI

 
     

PDF Sustainable Investment in Real Estate - Your Fiduciary Duty (790 KB | 12 pages)

There is a growing body of evidence which supports the case for investment in sustainable real estate. This evidence suggests that real estate with sustainable characteristics can generate superior returns or at the very least ?future proof? your investment. This article concludes that it is the fiduciary duty of trustees and investors to understand and consider Sustainable Investment issues when looking at investing in real estate.

Published: 2009 | By: UNEP FI Property Working Group

 
     

PDF 2009 Investor Statement on the Urgent Need for a Global Agreement on Climate Change (263 KB | 12 pages)

Co-ordinated by four leading investor groups on climate change - the US-based Investor Network on Climate Risk (INCR), the European Institutional Investors Group on Climate Change (IIGCC), the Investors Group on Climate Change (IGCC) in Australia and New Zealand) and the Climate Change Working Group (CCWG) of the United Nations Environment Programme Finance Initiative (UNEP FI), the statement formalises the private sector’s requirement for a strong, binding framework to succeed the Kyoto Protocol.

It was launched 16 September 2009 at the Investor Forum on Climate Change in New York City, co-sponsored by Ceres’ U.S. Investor Network on Climate Risk (INCR), the European Institutional Investors Group on Climate Change, (IIGCC) the United Nations Environment Programme Finance Initiative (UNEP FI), the New York State Comptroller’s Office, and the P8 Group.

View the Press Release

These were some of the speakers at the Forum:

  • Lord Nicholas Stern, Chair of the Grantham Research Institute on Climate Change at the London School of Economics and Special Advisor to the Group Chairman of HSBC on Economic Development and Climate Change
  • Thomas P. DiNapoli, New York State Comptroller
  • Nick Robins, Co-Chair of the UNEP FI Climate Change Working Group and Head of HSBC Climate Change Centre of Excellence
  • Rob Lake, APG Investments and IIGCC
  • Bill Lockyer, California State Treasurer and INCR member
  • Nathan Fabian, CEO, Investor Group on Climate Change Australia/New Zealand
  • Eric B. Svenson, Vice President, Environment, Health and Safety, PSEG Services Corporation

We thank the following UNEP FI Signatories for their support:

Access Bank - Investment Bank, Nigeria
Acuity Investment Management, Canada
Allianz, Germany
Aquila Capital, Germany
ASN Bank, Netherlands
Aviva, UK
Bank Negara, Indonesia
Bank Sarasin, Switzerland
British Columbia Investment Management Corporation, Canada
BT Financial Group (Westpac), Australia
ClearBridge Advisors, Legg Mason, USA
Colonial First State, Australia
Credit Agricole, France
Daegu Bank, South Korea
Deutsche Bank, Germany
Development Bank of the Philippines (DBP)
Dexia, Belgium
DnB NOR, Norway
Eurizon, Italy
F&C Management, UK
Fira, Mexico
Groupama Asset Management, France
Henderson, UK
HSBC, UK
ING Group, Netherlands
Insight Investment, UK
Interamerican Insurance Group, Greece
Land-Bank of the Philippines, Philippines
Landesbank Baden Württemberg, Germany
Nordea, Sweden
Pax World, US
Prudential Portfolio Managers, South Africa
SAM, Switzerland
Societe Generale, France
Storebrand, Norway
Swiss Reinsurance Company, Switzerland
The Co-operators Group, Canada
Triodos, Netherlands
VicSuper, Australia
YES Bank, India

For more information, please contact climate[at]unepfi.org.

Published: 2009 | By: Stern

 
     

PDF Article: The Death of Social Responsibility in Property Is Much Exaggerated (108 KB | 11 pages)

There is a view abroad that the current economic crisis means responsible property investment has become inviable and is currently being shunted down or off the corporate agenda. This brief paper reviews that contention and concludes that sustainability in property and responsible property investment practices generally remain just as important today and potentially more so than when the economy and financial markets were in better health.

Published: 2009 | By: UNEP FI Property Working Group

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 16 (832 KB | 8 pages)

Inside this issue of Briefing: Helping the Salvos provide debt crisis help...New initiative, familiar objective...Biodiversity: a world first...An innovative savings plan...UNGC Network launched in Australia..."Be aware you have choices and make the right choice."

Published: 2009 | By: EPA Victoria

 
     

PDF Fiduciary responsibility – Legal and practical aspects of integrating environmental, social and governance issues into institutional investment (2.5 MB | 92 pages)

This report is a sequel to the UNEP FI Asset Management Working Group’s landmark 2005 "Freshfields Report" which, until now, has arguably been the single most effective document for promoting the integration of environmental, social and governance (ESG) issues into institutional investment. This 2009 follow-on report provides a legal roadmap for fiduciaries looking for concrete steps to operationalise their commitment to responsible investment.

The report—termed "Fiduciary II"— has three main elements. The first is an exploration of the legal perspective on how best to operationalise the integration of ESG issues into the investment process, particularly with respect to investment mandates and investment management contracts. The second is an analysis of responses to a pioneering survey questionnaire sent by the AMWG to investment management consulting firms, covering ESG issues as they relate to various aspects of the investment management process, including legal language. The third is a literature review that focuses on practical developments on the integration of ESG issues into the investment process, providing insights into the extent to which institutional investors have adopted, and can adopt, longer-term and more sustainable investment approaches. In addition, the literature review covers legal developments on fiduciary duty and ESG issues since, and including, the Freshfields Report.

The new UNEP FI report was released just a few days before the Principles for Responsible Investment (PRI) Annual Event in Sydney, Australia, which convened many of the world’s largest institutional investors and where the report’s findings were deliberated. Over 560 institutions from the global investment community, representing more than USD 18 trillion in assets, have now signed on to the PRI, an investor initiative in partnership with UNEP FI and the UN Global Compact. The PRI was launched in 2006 by then UN Secretary-General Kofi Annan and endorsed in 2007 by current UN Secretary-General Ban Ki-moon.

Executive Summary

Versions: Chinese, French, Portuguese, Spanish

Media coverage
Press release

Published: 2009 | By: UNEP FI

 
     

PDF Executive Summary: The materiality of climate change -- How finance copes with the ticking clock (54 KB | 10 pages)

The third iteration of the UNEP FI Asset Management Working Group's ground-breaking "Materiality Series," which started in 2004 with "The Materiality of Social, Environmental and Corporate Governance Issues to Equity Pricing" and was followed in 2006 by "Show Me The Money: Linking Environmental, Social and Governance Issues to Company Value," exclusively tackles climate change. The 2009 report, launched today at the Principles for Responsible Investment Annual Event in Sydney, Australia, comes just months before the critical UN Climate Change Conference in Copenhagen this December, which will determine the post-Kyoto Protocol regime. The report provides a comprehensive review of key financial analyst research on climate change in order to accelerate the integration of climate change risks and opportunities into fundamental financial analysis and practice. Furthermore, it demonstrates yet another robust example of why it is vital for the financial markets that policymakers seal an effective, efficient and equitable global deal in Copenhagen.

Published: 2009 | By: UNEP FI

 
     

PDF Financing a Global Deal on Climate Change - Executive Summary (677 | 6 pages)

This Green Paper focuses on the priorities identified by UNEP FI to mobilise the skills and resources of the banking, investment and insurance sectors behind an effective, efficient and equitable global deal on climate change at COP15 in Copenhagen.

Published: 2009 | By: UNEP FI

 
     

PDF Financing a Global Deal on Climate Change (1.0 MB | 32 pages)

The scale of capital expenditure needed over the next decades to effectively address climate change will have to come jointly from public and private sources. The lion's share of it will have to come from the latter, meaning that it will have to be facilitated, at least partially, by investors, lenders and insurers. This paper contains a set of practical proposals that if implemented as part of an upcoming global deal on climate change could effectively mobilise the resources and skills of the finance sector in financing mitigation and acting on adaptation. (Executive Summary)
Provide your feedback.

Published: 2009 | By: UNEP FI

 
     

PDF Energy Efficiency and the Finance Sector (2.1 MB | 76 pages)

Climate Change Working Group survey report on lending activities and policy issues

There is common understanding that energy efficiency is a crucial piece of the puzzle to control climate disruption within the required timeframe, as well as to combine vital environmental and economic returns while increasing energy security. Yet investments towards energy efficiency appear to be lagging behind the actual development of financially viable technologies.

If such efficient technologies are there, why do lenders and borrowers appear not to recognise the large potentials and easily accessible opportunities behind the simple concept that cost reductions immediately translate to cash-flow and profit generation?

This survey explored how financial institutions are already dealing with the energy efficiency concept and what the reasons are for a lack of dynamism in this field. It provides an evidence base that highlights the steps that private as well as public lenders and policy-makers can take to better exploit the vast potentials of energy efficiency in an increasingly energy- and carbon-constrained world.
Chinese version summary

Published: 2009 | By: UNEP FI

 
     

PDF Responsible Property Investing - Committing and Engaging (254 KB | 13 pages)

The purpose of this toolkit is to provide guidance for interested investors and property fund and asset managers on how to commit to Responsible Property Investing (RPI) as an investment strategy, how to put into place governance and management structures that integrate RPI into corporate culture and practice and how to engage with other stakeholders in developing the field.

This brief toolkit is drawn from the experiences of various investors who have chosen to make RPI central to their business practice. We hope that the toolkit will help investors who are interested in RPI to develop the systems and processes to translate that interest into tangible results.

Version française
Japanese version

Published: 2009 | By: UNEP-FI and RPIC

 
     

PDF UNEP FI / SBCI's Financial and Sustainablity Metrics Report (4.1 MB | 67 pages)

This report is an international review of sustainable building performance indicators and benchmarks. It brings together current thinking on defining and measuring sustainability in the context of the built environment and sets out concisely the key issues in this large and complex area.

Published: 2009 | By: UNEP FI / SBCI

 
     

PDF Article: Insuring Climate Change and Sustainability --- Unleasing innovation and intelligent partnerships (285 KB | 4 pages)

UNEP FI article in the 2008 Climate Action report launched at the UN Climate Change Conference in Poznan, Poland in December 2008.

Published: 2009 | By: UNEP FI

 
     

PDF Energy Efficiency and the Finance Sector - Executive summary (814 KB | 12 pages)

A survey on lending activities and policy issues.
Chinese version

Published: 2009 | By: UNEP FI

 
     

PDF Article - Responsible Property Investment: Similar Aims, Different Manifestations (356 KB | 26 pages)

This article, presents the essential differences between Socially Responsible Investment (SRI) in asset classes and in direct property. As a practical note it should help investors apprehend why and how Socially Responsible Property Investment (SRPI) is uniquely different to other “regular” assets.

Published: 2009 | By: UNEP FI

 
     

PDF If You Ask Us...Understanding Corporate Sustainability Disclosure Requests (1.3 MB | 43 pages)

This report seeks to frame the business case for companies – financial institutions or otherwise – who are asked to respond to sustainability-related surveys.

Published: 2009 | By: UNEPFI

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 15 (402 KB | 8 pages)

Published: 2008 | By: EPA Victoria

 
     

PDF Concept paper: Making Forests Competitive - Exploring insurance solutions for permanence (59 KB | 13 pages)

View the related event: Making Forests Competitive – Practical Solutions for Permanence (UNFCCC COP 14) 9 December, Poznan, Poland

Published: 2008 | By: UNEP FI

 
     

PDF GRI Financial Services Sector Supplement (3.7 MB | 54 pages)

UNEP FI and Global Reporting Initiative have co-convened two international multi-stakeholder working groups between 2003 and 2008 in order to develop finance sector specific guidance for sustainability reporting. The result of 5 years of work, the "GRI Financial Services Sector Supplement" is based on the widely accepted GRI Guidelines and promises to become the sustainability reporting standard for the financial sector. The Supplement is now ready for use in your next sustainability reports !

Published: 2008 | By: UNEP FI, GRI

 
     

PDF Responsible Property Investing – What the leaders are doing (2.3 MB | 93 pages)

This report of the UNEP FI Property Working aims to help those making investment decisions on existing commercial real estate portfolios to understand how environmental, social and governance (ESG) issues impact upon the current value and prospective investment performance of the assets they own and manage. It presents 10 strategies for responsible property investment, each demonstrated by a collection of case studies that explain the financial and environmental value of responsible property investment.
Japanese version

Published: 2008 | By: UNEP FI

 
     

PDF CEO Briefing on Human Rights (552 KB | 12 pages)

The UNEP FI Human Rights Work Stream's CEO Briefing on Human Rights provides an introduction to the business and human rights debate and sketches out some of the key human rights challenges presently faced by the finance sector. The Briefing discusses some of the key questions faced by companies such as the applicability of international human rights law to companies in the finance sector, the specific human rights expectations of companies in the finance sector, the business case for action and the limits to responsibility. In addition, the Briefing presents a practical management framework for companies in the finance sector seeking to more effectively manage the human rights issues to which they are exposed.

Published: 2008 | By: UNEP FI

 
     

PDF Building Responsible Property Portfolios (416 KB | 16 pages)

This report jointly developed by the UNEP FI Property Working Group and the Principles for Responsible Investment highlights international best practice examples of leading UNEP FI and PRI signatories on how to apply the Principles for Responsible Investment to property assets.
Japanese version
French version

Report Contributors and Further Resources (PDF: 120 KB)

Published: 2008 | By: UNEPFI and UNPRI

 
     

PDF Innovative financing for sustainable small and medium enterprises in Africa (546 KB | 28 pages)

This report is the result of an internatonal workshop of experts in small and medium enterprise (SME) financing and sustainability from public, private and philanthropic investment communities, as well as Africa-based organizations working on SME financing. Its aims are three-fold:

* Draw the attention of development, philanthropic and private finance communities to the opportunities in investing in sustainable SMEs.

* Highlight innovative financing models, through illustrative case-studies of funds investing in sustainable SMEs in Africa.

* Present workshop participants' input on how to best scale innovative models and create an environment conducive to increased private investment.

Published: 2008 | By: UNEPFI

 
     

PDF Narrowing the gap: A survey of the barriers and drivers to commercial microfinance in Africa (1.3 MB | 32 pages)

The benefits of microfinance are evidenced by millions of microentrepeneurs around the world who are able to invest in their businesses and mulitply their incomes for generations to come. Yet, despite this, few commercial sources are investing in the African microfinance sector.

This report explores the issue of microfinance in Africa, looking at reasons for the lack of commercial microfinance and suggesting drivers that could unlock investment in this critical area. Its aim is to provide practical guidance to African microfinance institutions (MFIs), investors and supporting stakeholders to attract and facilitate an environment for sustainable commercial microfinance in Africa.

Published: 2008 | By: UNEPFI

 
     

PDF Biodiversity and Ecosystem Services - Bloom or Bust? (1.2 MB | 39 pages)

The business case for biodiversity & ecosystem services is not just about conserving endangered species. It is becoming an issue of global policy that the benefits provided by biodiversity are valued and accounted for within traditional business risk frameworks.

This report, developed by UNEP FI's Biodiversity & Ecosystem Services Work stream (BESW) provides direction for financial institutions that wish to manage biodiversity & ecosystem service risks more effectively. It also illustrates how opportunities and tools for financial products and services can be developed.

Published: 2008 | By: UNEP FI

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 14 (717 KB | 16 pages)

Published: 2008 | By: EPA Victoria

 
     

PDF Carbon Crunch: Meeting the Cost (754 KB | 16 pages)

The briefing analyzes the most recent studies on the economics and cost of climate change, and the investment required for mitigation and adaptation. It highlights the crucial role played by the finance sector due to its influence in directing investment and financial flows, and reviews what leading financial institutions are already doing to address the climate problem, and what should be done to extend and deepen those actions across the entire sector. The briefing also emphasizes the crucial role of the policy making community in setting up the regulatory frameworks that will provide the necessary long-term investment horizons, and pave the way for further large-scale investment towards a low carbon economy.

Published: 2007 | By: UNEP FI

 
     

PDF 0.618... - Issue 8 (961 KB | 16 pages)

Grapes, glitz and glamour

In this issue: Viticulture and climate change; Carbon neutral winery; Sustainability in the fashion industry; Green luxury fashion; Corporate responsibility in casual wear; reducing CO2 in Formula 1; Green is redhot in Hollywood; Environment or poverty reduction?; Extravagent lifestyle to charity non-profit.

Published: 2007 | By: UNEP FI

 
     

PDF 0.618... - Issue 7 (1.6 MB | 20 pages)

Blue Gold? Refreshing, Unique, a Privilege?

In this issue: Common Waters, The Promise of an African Green Revolution, Getting Wall Street Wound Up about Waters, Planet Calling Banker, Water Scarcity, Natural Disasters - Financial Crises?, World Water Week, Asia-Pacific/Eastern-Europe/Central-Asia Water Issues, Materiality Research at Goldman Sachs, Responsible Property Finance, UNEP FI Publications

Published: 2007 | By: UNEP FI

 
     

PDF Half full or half empty? (2.0 MB | 84 pages)

While climate change may be the single biggest environmental challenge of the coming decades, its effects on business will mostly manifest themselves via water: circumstances of too little, too much or inadequate timing and quality of supply will expose businesses to considerable financial stress. And yet, despite its material importance, water has, until now, only scarcely appeared on the radars of financial institutions.

Launched on 25th October 2007 at UNEP FI's Global Roundtable in Melbourne, this first-of-its-kind publication goes beyond description and provides lenders and investors with fundamental and practical guidance on how to identify, assess, quantify and integrate water-related risks into existing due-diligence procedures: across geographies and industries; and both within the water/sanitation sector and with respect to businesses "downstream".

However, it is recognized that water cannot only be a destroyer but also a creator of value. There are more opportunities around water than the mere benefits of enhanced risk management. Within this report, these are systematically pointed at and categorized.

Published: 2007 | By: unepfi

 
     

PDF Responsible Property Investing: What the Leaders are Doing (975 KB | 16 pages)

This CEO Briefing summarises key market research carried out by the Property Working Group during 2006-2007. The collection of case studies presented in the Briefing identifies and highlights emerging opportunities that investors, asset managers and property managers can implement to improve the ESG performance of a property portfolio, without diluting financial return.

PDF icon French Version (PDF: 645 KB)

Published: 2007 | By: UNEP FI

 
     

PDF Demystifying Responsible Investment Performance (1.2 MB | 82 pages)

A constant barrier to the widespread acceptance of responsible investment has been the misconception that it automatically translates to underperformance. This has been the subject of much debate through the years, particularly in the context of fiduciary duty.

The report, jointly produced by the UNEP FI Asset Management Working Group and Mercer, a leading global provider of investment consulting services, features influential and award-winning studies from the academic community and a diverse set of studies from renowned brokerage firms, analysing responsible investment performance at both the company/stock and fund/portfolio level, and bolstering the materiality of environmental, social and governance (ESG) factors.

The landmark report dispels misconceptions surrounding responsible investment performance, encourages more in-depth academic and practitioner research, and represents another enlightened step towards exploring the challenges and promise of responsible investing.

Published: 2007 | By: UNEP FI and Mercer

 
     

PDF CEO Briefing - Biodiversity and Ecosystem Services, Bloom or Bust? (930 KB | 12 pages)

This CEO Briefing provides a primer for institutions that wish to manage biodiversity and ecosystem service risks more effectively and also to understand how opportunities for financial products and services that support sustainable use of biodiversity & ecosystem services can be developed.

Published: 2007 | By: UNEP FI

 
     

PDF UNEP FI 2006 Overview (603 KB | 8 pages)

This summary document provides an overview and introduction to the structure and activities of UNEP FI - through its working groups and task forces, and highlights key meetings and publications from 2006.

Published: 2007 | By: UNEP FI

 
     

PDF The State of Responsible Investment in South Africa (1.5 MB | 69 pages)

"The State of Responsible Investment in South Africa" is a survey of the approaches and perceptions of the South African investment community to environment, social and governance issues. 32 pension funds, 19 asset managers, and 11 investment service providers were surveyed on current demand and supply of responsible investment as well as whether they felt issues such as employee relations, sustainability, HIV Aids and corporate governance were important to consider when evaluating the performance of investments.

Findings are important for both South Africa as well as the larger African context. The South African stock exchange is the biggest in Africa and South African investment activities, trends and behavior are vitally important to the economies throughout the continent. It is arguably in the African continent, where acute ESG pressures exist, that the benefits of responsible investment could have most impact.

Published: 2007 | By: UNEP FI

 
     

PDF CEO Briefing - Green Financial Products & Services: Current State of Play and Future Opportunities (770 KB | 8 pages)

Published: 2007 | By: UNEP FI

 
     

PDF Green Financial Products and Services: Current Trends and Future Opportunities in North America (700 KB | 82 pages)

This latest report from the North American Taskforce is the most comprehensive study to date on green financial products and services. As well as covering the North American markets, the report examines best practice around the globe, and covers a number of financial sectors including retail, corporate and investment banking, asset management, project finance and insurance. To follow-up the report, the taskforce will be hosting a workshop in Toronto on September 27th, which will cover the key findings of the report and include presentations from a number of experts. For more information on the report or workshop please contact: na@unepfi.org.

Korean version Chinese version

Published: 2007 | By: UNEP FI

 
     

PDF The Working Capital Report (590 KB | 56 pages)

Responsible investment matters because we are talking about where people's savings meets society's goals.

By July 2007 assets approaching USD 10 trillion, owned or managed by more than 200 major investment organizations from 25 countries, had committed to the Principles for Responsible Investment.

In the future this commitment by investors to the PRI could have a huge impact on the way capital markets work and indeed on how we collectively address the pressing global social and environmental issues of the 21st century.

The Working Capital Report is a snapshot in time describing how the PRI came about and capturing the views of leading thinkers in the field of sustainable finance and responsible investment.

Published: 2007 | By: UNEP FI and UN Global Compact

 
     

PDF Banking On Value: A New Approach to Credit Risk in Africa (1.3 MB | 52 pages)

"Banking on Value" assesses the extent and manner in which financial institutions in Africa’s largest financial hubs - South Africa and Nigeria - currently integrate sustainability in their core financing activities.

The report contains a section on policy making designed to assist African financial institutions with policy refinements that integrate environmental, social and governance issues into credit risk assessments. In addition several recommendations to encourage the uptake of sustainable finance in Africa are provided.

Published: 2007 | By: UNEP FI

 
     

PDF Declaration on Climate Change by the Financial Services Sector (53 KB | 3 pages)

On World Environment Day, 5 June 2007, a day before the start of the G8 meeting in Germany, UNEP FI launched its "Declaration on Climate Change by the Financial Services Sector". This is the first global statement on climate change by the finance sector, and over 20 CEOs from UNEP FI member companies have signed the declaration.

The essence of the declaration is a recognition by financial institutions from around the globe that anthropogenic climate change is real; the cost of inaction will be extremely high; financial institutions must take greater action and integrate climate change into their everyday decision-making; and governments need to do more, namely set ambitious, long-term targets for emissions reduction.

The statement remained open for endorsement in the run-up to the Kyoto negotiations in Bali this December. We encourage other members of UNEP FI to sign the declaration.

View the Statement (PDF: 53 KB)

UNEP Press Release (PDF: 40 KB)

Published: 2007 | By: UNEP FI

 
     

PDF Report on the Legal Framework for Finance and Sustainability in Argentina (Spanish) (800 KB | 47 pages)

This Report is a complement to the State of the Art Survey conducted by UNEP FI’s Latin American Task Force in Argentina in 2006. Both reports were launched in Buenos Aires on 10 April 2007 at a roundtable discussion hosted by ABA, an Argentinean Banking Association.

El Desarrollo Sostenible en el Sector Financiero Argentino. Marco Legal & Institucional.

Este Informe complementa la Encuesta sobre el Estado del Arte de las Finanzas Sostenibles realizada por el LATF en Argentina en el 2006. Ambos trabajos fueron presentados en Buenos Aires el 10 de abril de 2007 en una mesa redonda auspiciada por la Asociación de Bancos de Argentina (ABA).

Published: 2007 | By: UNEP FI

 
     

PDF Insuring for Sustainability: Why and how the leaders are doing it (3.2 MB | 64 pages)

Versions: French(2.5MB) Turkish(7.5MB)

Today, the insurance industry faces the great challenge of coping with a rapidly changing risk landscape, one from which global sustainability issues have emerged, and continue to emerge. The risks that these issues entail are serious, while the opportunities, largely untapped. It is therefore insightful, as a starting point, to look at what leading players are doing in addressing some of the most challenging global sustainability issues, and to recognise the vital role the insurance industry can play.

While the report is instructive and highlights case studies of best practice, it is not meant to provide ready-made solutions. Its primary aim is to provide illumination by imparting knowledge and a deeper understanding of the issues. We believe that this aim is a critical first step towards finding solutions to the serious risks of today, and uncovering the opportunities of a sustainable tomorrow.

Published: 2007 | By: UNEP FI

 
     

PDF Responsible Investment in Focus: How leading public pension funds are meeting the challenge (1.0 MB | 85 pages)

A wide range of issues that five years ago were considered "non-financial" such as climate change, human rights and board remuneration are now coming to the fore as factors that can have a significant impact on investment value. Many investors, particularly pension funds with a remit to take a long-term perspective, are grappling with these issues, and there can be both hesitation and confusion as to how to integrate them in investment decision-making.

This report contains 15 case studies offering a snapshot of some of the most advanced approaches to responsible investment around the world. It is intended to serve as practical guidance for the institutional investment community, particularly trustees of pension funds, foundations and life insurers, and their agents, on how and why leaders integrate environmental, social and governance considerations into their investment processes.

Published: 2007 | By: UNEP FI

 
     

PDF Finance and Sustainability in Argentina (Spanish) (1.2 MB | 46 pages)

(Version en Español)
During a training workshop and CEO Breakfast conducted by the LATF in collaboration with ABN AMRO N.V. in Buenos Aires in May 2005, participants from both groups expressed the need for a clearer vision of the status of sustainable finance in the country in order to more effectively define next steps for the Argentinean financial sector as a whole.

In response to this demand, in 2006 the LATF conducted a detailed survey of existing environmental practices and policies within the Argentinean banking sector. The research was conducted through interviews and based on a template questionnaire.

The results of the survey suggest that there is still a fair length to go on the road to sustainable finance in Argentina. Although half the banks interviewed possess environmental policies of some sort, only eight have mechanisms in place to actually carry them out. Also worthy of note is the finding that, overall, national banks seem to be behind international banks present in the country in terms of applying environmental best practices.

According to those banks which participated, a number of barriers need to be overcome, in particular a lack of understanding of the issues at hand and how sound environmental management affects financial returns. The financial and political context of the country over the last few years was also repeatedly stressed as determining factor in the current situation.

Interviewees conclude that the most pressing next steps involve stepping up awareness-raising activities and training, as well as improving communication channels both within and between financial institutions.

El Desarrollo Sostenible en el Sector Financiero Argentino (PDF: 1.2 MB | 46 páginas)

En mayo de 2005, el Grupo Regional de UNEP FI para América Latina (LATF) realizó su primer taller de capacitación en Buenos Aires sobre riesgos ambientales y sociales en el análisis de préstamos y proyectos de inversión, seguido de un desayuno de trabajo para presidentes, vicepresidentes y/o miembros de las juntas directivas de las instituciones financieras, así como para representantes del gobierno y del sector privado.

De estos eventos surgieron varias sugerencias, entre las cuales la de investigar el estado de la situación del sector financiero argentino en relación con su responsabilidad ambiental y social. Se propuso realizar una encuesta sobre las prácticas del dicho sector en cuanto a su integración hacia cuestiones sociales y ambientales en sus operaciones internas y externas.

El LATF se hizo cargo de este proyecto, con lo cual en el 2006 se realizo dicha investigación, mediante una seria de entrevistas, basadas en un cuestionario detallado.

Los resultados de la encuesta muestran que todavía queda mucho camino por recorrer en el ámbito del desarrollo sostenible; si bien la mitad de los bancos entrevistados poseen políticas de tipo ambiental, sólo ocho de ellos dispone de mecanismos para llevarlas a la práctica. Destaca también una tendencia general en la que los bancos nacionales se encuentran en un nivel de avance menor con respecto a las prácticas utilizadas por los bancos internacionales.

En opinión de los bancos que participaron en la encuesta, para lograr una mayor incorporación de los temas socioambientales, deben superarse algunos obstáculos, como la falta de comprensión del tema, la falta de percepción sobre la incidencia de la gestión ambiental sobre los resultados económico-financieros. También se señaló en repetidas ocasiones los efectos de la propia situación que ha tenido que atravesar en los últimos años tanto el sector financiero como el país.

En conclusión los entrevistados consideraron que entre las necesidades mas urgentes están el incrementar la difusión y la capacitación, y mejorar los procesos de comunicación de las IFs, tanto interna como externamente.

Published: 2007 | By: UNEP FI

 
     

PDF UNEP FI Asia Pacific Task Force Japan Group brochure- Environment and Finance - JAPANESE Version (1.3 MB | 8 pages)

The UNEP FI Asia Pacific Task Force Japan Group brochure provides a summary of the Group’s activity to end of 2006 and a briefing of the Japanese environmental policies relevant to the finance sector.

Published: 2007 | By: UNEP FI

 
     

PDF UNEP FI Asia Pacific Task Force Japan Group brochure - Environment and Finance - ENGLISH version (1.3 MB | 8 pages)

The UNEP FI Asia Pacific Task Force Japan Group brochure provides a summary of the Group’s activity to end of 2006 and a briefing of the Japanese environmental policies relevant to the finance sector.

Published: 2007 | By: UNEP FI

 
     

PDF UNEP FI Latin American Task Force Brochure (Spanish) (115 KB | 2 pages)

A group of UNEP FI signatories and partners have constituted a Latin American Task Force to support and expand sustainable financial practice in Latin America.

This brochure provides an overview of the UNEP FI Latin American Task Force's background, objectives and activities.

PDF icon Portuguese (153 KB)

Published: 2007 | By: UNEP FI

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 13 (718 KB | 16 pages)

Published: 2007 | By: EPA Victoria

 
     

PDF Unlocking Value: The scope for environmental, social and governance issues in private banking (320 KB | 26 pages)

This publication addresses the question of why responsible investment has at best been modest in private banking compared to the surge it has experienced in institutional asset management.

It analyzes private clienteles’ potential demand for responsible investment products, the special characteristics of the wealth management industry and the barriers to the further uptake of ESG-inclusive investment strategies in private banking.

Finally, a resulting set of recommendations is presented for the expansion of ESG-inclusive investments, aimed also at the executive level of private banking institutions.

Published: 2007 | By: UNEP FI

 
     

PDF Asia Pacific Task Force Brochure (400 KB | 2 pages)

An overview of the UNEP FI Asia Pacific Task Force's background, objectives and activities.

Published: 2007 | By: UNEP FI

 
     

PDF UNEP FI Central and Eastern European Task Force Brochure (382 KB | 2 pages)

An overview of the UNEP FI Central and Eastern European Task Force's background, objectives and activities.

Published: 2007 | By: UNEP FI

 
     

PDF Sustainability Management and Reporting: Benefits for Financial Institutions in Developing and Emerging Economies (447 KB | 32 pages)

The take up of SMR by financial institutions especially in developing countries is still low whilst the financial sector plays an important role in sustainable development as intermediaries to the allocation of financial capital. UNEP FI identifies lack of awareness and capacity as the two main barriers hindering many financial institutions to implement SMR.

The report aims to address both these barriers by first setting out a business case for SMR. The target audiences for the document are CEOs and board members of financial institutions with no experience in SMR. It is especially targeting domestic financial institutions (as opposed to international development banks and subsidiaries of international banks) in developing countries. The publication introduces case studies that provide a clear insight into the commercial and environmental benefits of adopting the sustainability management and reporting principles, and ideas on capacity building in introducing SMR.

Published: 2006 | By: UNEP FI

 
     

PDF Adaptation and Vulnerability to Climate Change: The Role of the Finance Sector (576 KB | 36 pages)

The UNEP FI Climate Change Working Group report, launched at the UNFCCC COP 12 in Nairobi, calls for a new approach on part of governments and the private sector to address the physical changes that climate change will bring, integrating adaptation with sustainable economic development and disaster management.

A disturbing message is the report’s calculation that economic losses due to climate change could reach 1 trillion USD in a single year by 2040. Both the UNEP FI and Stern reports state that in order to avoid significant costs in the future early action on mitigation and adaptation is required. The UNEP FI report argues that whatever we do to cut emissions, the climate will continue to change in the coming decades, and therefore, adjusting to the expected effects of climate change is a vital complement to mitigation. This is particularly true for the poor, who have no safety net or capital; the natural world, which changes slowly; and sectors with long lead-times such as infrastructure, utilities, forestry; and institutions with lengthy liabilities like pension funds.

The report describes some of the current products and services and other innovative approaches used by the finance sector to tackle climate change, such as weather derivatives and natural catastrophe bonds. Many potential markets that could have a major impact, promote adaptation and reduce vulnerability, such as micro-finance and insurance, are not wholly commercially viable as yet, and therefore require a public-private partnership approach to provide the seed capital and skills required.

The report’s key message:

  • Adaptation IS economic development -- by removing the root causes of vulnerability, such as low incomes, lack of diversity, disease, etc, enhances resilience and generates wealth;
  • Adaptation is also good disaster management - small changes in design can save multiples later and pre-funding can speed recovery;
  • Disaster relief is not the best way to manage risk as it is slow to arrive, hard to budget for, and vulnerability persists.

The report’s recommendation to both policymakers and financial institutions is to mainstream climate change into all levels of decision-making and company operations, and to integrate adaptation with other priorities. Finally, the knowledge and resources required for effective adaptation will not happen without the support of the private sector, and governments need to provide the policy framework and stability for business to operate more effectively in developing countries. The finance sector can play a crucial role by supplying the new markets that will be created with innovative products and services, such as weather derivatives and micro-finance.

Published: 2006 | By: UNEP FI

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 12 (404 KB | 20 pages)

In this Issue: UNEP FI’s Global Roundtable 2007, Westpac challenges customers to go green, Encouraging uptake of Progress Loans at ANZ, Shorts, VicSuper talks about the weather with its members, UN Principles for Responsible Investment, Risk Radar for Farmers at IAG, Generation Investment Management’s focus on Climate Change, The Triple Bottom Line: Promotion of Environmentally Friendly Microfinance in Sri Lanka, Environmental Governance Standards for Development Finance Institutions in Asia, UNEP FI International Update, New UNEP FI Signatories.

Learn more about UNEP FI activities in Australasia.

Published: 2006 | By: EPA Victoria

 
     

PDF Global Framework for Climate Risk Disclosure (138 KB | 10 pages)

A unique global partnership of 14 leading institutional investors and other organizations, including UNEP FI, representing trillions in assets released the Global Framework for Climate Risk Disclosure to provide specific guidance to companies regarding the information they provide to investors on the financial risks posed by climate change.

Published: 2006 |

 
     

PDF Using the Global Framework for Climate Risk Disclosure (590 KB | 19 pages)

This guide has examples of disclosure from leading corporations.

Published: 2006 |

 
     

PDF The Principles for Responsible Investment Launch Document (Français) (205 KB | 12 pages)

Background on the 6 Principles, their possible actions for signatories, and an extensive FAQ.

Published: 2006 | By: UNEP FI

 
     

PDF UNEP FI 2005 Overview (468 KB | 8 pages)

This summary document provides an overview and introduction to the structure and activities of UNEP FI - through its working groups and task forces, and highlights key meetings and publications from 2005.

Published: 2006 | By: UNEP FI

 
     

PDF The Principles for Responsible Investment Launch Document (Japanese) (254 KB | 14 pages)

Background on the 6 Principles, their possible actions for signatories, and an extensive FAQ.

Published: 2006 | By: UNEP FI

 
     

PDF CEO Briefing: "Financing Water: Risks and Opportunities" (340 KB | 4 pages)

Key findings from the report highlighting different areas of water-related risk financial institutions are exposed to according to the business segment with which they engage, from water-intensive sectors to those that have a water footprint along the supply chain. The report also identifies appropriate measures financial institutions can employ to mitigate water-related risk.

The report was produced by UNEP FI in collaboration with the Stockholm International Water Institute (SIWI) and UNEP GPA.

Published: 2006 | By: UNEP FI and UNEP GPA

 
     

PDF Financing Water: Risks and Opportunities (3.8 MB | 35 pages)

A report highlighting different areas of water-related risk financial institutions are exposed to according to the business segment with which they engage, from water-intensive sectors to those that have a water footprint along the supply chain. The report also identifies appropriate measures financial institutions can employ to mitigate water-related risk.

The report was produced by UNEP FI in collaboration with the Stockholm International Water Institute (SIWI) and UNEP GPA.

Published: 2006 | By: UNEP FI and UNEP GPA

 
     

PDF Global Climate Change: Risk to Bank Loans (2 MB | 80 pages)

“Global Climate Change: Risk to Bank Loans”, the latest publication from UNEP FI’s North American Taskforce, assesses whether climate change poses a risk to the loan portfolios of banks in Canada and the US. The report, prepared by EcoSecurities, seeks to better understand the macro impact of climate change on financial risk, and the specific debt sectors most impacted. The report also reviews strategies that can be used by companies and banks alike to reduce the impact of climate change on their businesses, and culminates in recommendations for banks and regulators stemming from the report’s risk analysis of each loan sector in the US and Canada.

Published: 2006 | By: UNEP FI

 
     

PDF Show Me The Money: Linking Environmental, Social and Governance Issues to Company Value (516 KB | 60 pages)

This publication marks the second iteration of work produced by UNEP FI Asset Management Working Group (AMWG) on the financial materiality of environmental, social and governance (ESG) issues. For this round, the AMWG invited ten sell-side brokerage houses to write reports across sectors and issues. Analysts were given a free hand to cover the areas they felt to be the most important. CRA RogersCasey, a US-based investment consultancy firm, was also invited to comment on whether the documented ESG links to financial value in the research submitted were strong enough to make a convincing case for mainstream investors.

Published: 2006 | By: UNEP FI

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 11 (382 KB | 20 pages)

In this issue: Integrating sustainability at mecu, Bendigo Bank to offset carbon emissions, Encouraging solar hot water at Savings & Loans Credit Union, The Carbon Disclosure Project: CDP4 expands in Australia and New Zealand, Employer of Choice (EOC) and Corporate Social Responsibility (CSR) at Aviva Australia, Alternative financial models for remote communities, A Climate for Change – IGCC’s practical guide for Trustees in managing the risks of climate change, Supply Chain Labour Problems in China, a Key Risk Factor For Investors?, UNEP FI International Update, New UNEP FI Signatories

Published: 2006 | By: EPA Victoria

 
     

PDF CEO Briefing on the Future of Climate Change Policy: The Financial Sector Perspective (1.4 MB | 12 pages)

Looking at future policy, financial institutions around the world are in need of a clear and long-term policy framework.

This publication contains recommendations from the UNEP FI Climate Change Working Group to policy-makers on how international climate policy should develop up to 2012 and beyond.

Published: 2005 | By: UNEP FI

 
     

PDF 0.618... - Issue 6 (2.6 MB | 20 pages)

In this issue: UNEP FI 2005 Roundtable; The future fiduciary; Principles for Responsible Investment; Reporting; Countering climate change - Winds of change at HSBC; Management and reporting in developing countries and emerging economies; Banking the unbanked; Climate change - a core business issue; Emissions trading in 2005 - volatile but promising; UNEP FI Publications.

Published: 2005 | By: UNEP FI

 
     

PDF A legal framework for the integration of environmental, social and governance issues into institutional investment (1 MB | 154 pages)

The UNEP FI Asset Management Working Group (AMWG) invited Freshfields Bruckhaus Deringer, one of the world's largest law firms, to consider whether institutional investors such as pension funds and insurance companies are legally permitted to integrate environmental, social and governance issues into their investment decision-making and ownership practices. The AMWG further asked how the law might be expected to evolve in this area. The study describes the legal framework for institutions in Australia, Canada, France, Germany, Italy, Japan, Spain, the UK and the US.

Published: 2005 | By: Freshfields Bruckhaus Deringer

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 10 (388 KB | 15 pages)

In this issue: Climate Conference 2005, Launch of Australia’s First Sustainability Index, Financial Payback from Environmental and Social Factors in Australia, Working Towards Sustainability – A Perspective from the Australian Actuarial Convention 2005, Forums Discuss Westpac’s Role in Sustainability, Discussing Microcredit in Melbourne, JPMorgan Chase & Co. Releases Public Environmental Policy, Development Bank of the Philippines Forest Project, Towards Sustainability in Retail: ‘The GPT Group’ case study, Sustainability Analysis of Australia’s Economy, UNEP FI International Update, New UNEP FI Signatories.

Learn more about UNEP FI activities in Australasia.

Published: 2005 | By: EPA Victoria

 
     

PDF Generation lost: young financial analysts and environmental, social and governance issues (439 KB | 6 pages)

Executive Summary of a joint project between the World Business Council for Sustainable Development (WBCSD) Young Managers Team (YMT) and UNEP FI to assess whether young analysts might be more amenable to integrating environmental, social, and governance issues than their older colleagues.

Published: 2005 | By: UNEP FI / World Business Council for Sustainable Development (WBCSD)

 
     

PDF First Western European Forum - Conference Report (751 KB | 8 pages)

Conference report from the First Western European Forum (Barcelona, Spain, 2005).

The Forum provided European financial institutions with an opportunity to interact on the themes of qualitative risk, microfinance and climate change. This conference report provides speakers' key points, as well as detailed transcripts of the question & answer periods which followed each session.

PDF file Spanish (PDF: 121 KB)

Published: 2005 | By: UNEP FI

 
     

PDF UNEP FI 2004 Overview (2.5 MB | 8 pages)

This summary document provides an overview and introduction to the structure and activities of UNEP FI - through its working groups and task forces, and highlights key meetings and publications from 2004.

Published: 2005 | By: UNEP FI

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 9 (2 MB | 20 pages)

In this issue: Savings & Loans Signs Up to UNEP FI, HSBC and Carbon Neutrality, Westpac New Zealand’s Sustainability Activities, Sustainability Assurance Practitioner Program, Enhanced Analytics- the Inclusion of Extra Financial Issues in the Investment Process, Sustainability- Not Just an Add-On at IAG, Online Library Improves Access to Sustainability Reporting, ANZ and Sustainability- A Progress Update, Water Scarcity and the Financial Sector, UNEP FI International Updates, UNEP FI New Signatories.

Learn more about UNEP FI activities in Australasia.

Published: 2005 | By: EPA Victoria

 
     

PDF CEO Briefing: Sustainability Banking in Africa (670 KB | 12 pages)

This CEO Briefing summarises the main findings of the Sustainability Banking in Africa Report (PDF: 930 KB), produced by the African Institute of Corporate Citizenship (AICC) in 2004. It provides an overview of what sustainability banking means in the African context, analyses the current role of the finance sector in the promotion of sustainability in Africa and in so doing provides examples that are potentially replicable elsewhere across the continent.

Published: 2005 | By: UNEP FI

 
     

PDF Challenges of Water Scarcity: A Business Case for Financial Institutions (2 MB | 36 pages)

The work presented in this report by the United Nations Environment Programme Finance Initiative (UNEP FI) and the Stockholm International Water Institute (SIWI) highlights the importance of private sector participation in the water sector for the benefit of water sustainability.

The report calls on financial institutions to become aware of the challenges of water scarcity and to engage in actions to overcome them through risk management tools, investments and dialogue with business partners, national governments and local communities.

Published: 2005 | By: UNEP FI / Stockholm International Water Institute

 
     

PDF 0.618... - Issue 5 (951 KB | 20 pages)

In this issue: UN Responsible Investment Initiative; Universal owners, fiduciary duty and materiality; Transparency initiatives; Enhanced Analytics Initiative; Mobilizing ownership - the civil economy agenda; Changing mandates; Insights into outsourcing; The new frontier - responsible investment in emerging markets; Regulator perspective; Regional updates - Brazil, Japan, Emerging Europe, South Africa; UNEP FI publications.

Published: 2005 | By: UNEP FI

 
     

PDF CEO Briefing on Finance for Carbon Solutions (1.3 MB | 8 pages)

This paper from the UNEP FI Climate Change Working Group (CCWG) focuses on the Clean Development Mechanism (CDM) and builds on the CCWG's work on carbon finance.

The briefing pinpoints barriers to implementation and financing of CDM projects as seen from the financial sector perspective. Recommendations on how these barriers can be overcome are provided.

Published: 2004 | By: UNEP FI

 
     

PDF Australasian UNEP Finance Initiative Newsletter - Issue 8 (252 KB | 19 pages)

In this issue: National Australia Bank 'Steps UP'; Financial Product SRI Disclosure Guidelines; Sustainable Insurance in New Zealand; Helping to Green Australian Households; Protecting Pensions and the Planet; A Changing Climate for Insurance; Enhanced Transparency at Aviva Australia; Global Compact Leaders Summit; From Crop to Shop; Ethical Investment Association Conference; Australian Sustainability Reporting Survey; UNEP FI International Updates

Learn more about UNEP FI activities in Australasia.

Published: 2004 | By: EPA Victoria

 
     

PDF Sustainability Banking in Africa (930 KB | 84 pages)

The report acts as a benchmark discussion document outlining the challenges and opportunities for developing sustainability banking practices in Africa.

Through the support of five case studies in South Africa, Botswana, Kenya, Nigeria and Senegal, it is hoped that this report will encourage active debate regarding the principles and practices of sustainability banking in Africa, and will pave the way to uncovering unique strategies to advance the sustainability agenda within the continent.

This publication was supported by the UNEP FI African Task Force, International Finance Corporation (IFC), Finmark Trust, Nedbank and Deutsche Bank.

Published: 2004 | By: AICC Centre for Sustainability Investing

 
     

PDF Finance and Sustainability in Central and Eastern Europe (423 KB | 8 pages)

UNEP FI conducted a survey of 26 financial institutions in 14 Central and Eastern European (CEE) countries. The aim of the survey was to gain understanding of the current status of sustainable finance in the region’s financial sector and the main drivers and barriers financial institutions are facing. The respondent financial institutions were drawn both from EU accession and non-EU countries and included larger Western corporations as well as locally owned financial institutions.

Published: 2004 | By: UNEP FI

 
     

PDF Challenges of Water Scarcity: A Business Case for Financial Institutions - Preliminary Findings (509 KB | 8 pages)

Preliminary findings from a UNEP FI / Stockholm International Water Institute study on water-related risks for financial institutions. The study raises awareness of water scarcity and highlight opportunities for the financial sector for contributing to sustainable development through active engagement in mitigating water related risks.

Cases from Latin America and Africa demonstrate a diversity of risk drivers and consequences to projects / businesses and financial partners as a result of water scarcity issues.

Published: 2004 | By: UNEP FI / Stockholm International Water Institute

 
     

PDF UNEP FI African Task Force Brochure (2.1 MB | 2 pages)

A group of UNEP FI signatories and partners have constituted an African Task Force to support and expand sustainable financial practice in Africa.

This brochure provides an overview of the UNEP FI African Task Force's background, objectives and activities.

PDF icon French (519 KB)

Published: 2004 | By: UNEP FI

 
     

PDF Investing in Stability: Conflict Risk, Environmental Challenges, and the Bottom Line - Summary Report (571 KB | 44 pages)

This collection of papers aims to stimulate debate on the interactions between finance and conflict, and to explore opportunities to improve financial institutions' management of these interactions. Concerning itself principally with voluntary actions, this report seeks to identify mechanisms whereby firms could help to reduce the economic drivers and impacts of violence and terrorism, in areas where profitability and social responsibility align.

Published: 2004 | By: UNEP FI / International Institute for Sustainable Development (IISD)

 
     

PDF CEO Briefing: The Materiality of Social, Environmental, and Corporate Governance Issues to Equity Pricing (746 KB | 6 pages)

The UNEP FI Asset Management Working Group invited stock brokerage firms for an analysis of seven industry sectors. Analysts were requested to identify specific environmental and social criteria likely to be material for company competitiveness and reputation in those sectors, and, where possible, to quantify their potential impact on stock price.

This is a distilled version of the full report (PDF: 1.1 MB), including the key results of this study, and its recommendations and conclusions.

Published: 2004 | By: UNEP FI

 
     

PDF The Materiality of Social, Environmental, and Corporate Governance Issues to Equity Pricing (1.1 MB | 54 pages)

The UNEP FI Asset Management Working Group invited stock brokerage firms for an analysis of seven industry sectors.

The analysts were requested to identify specific environmental and social criteria likely to be material for company competitiveness and reputation in those sectors. We also asked the analysts to the extent possible to quantify their potential impact on stock price.

This report documents the results of this study, and its recommendations and conclusions.

Published: 2004 | By: UNEP FI

 
     

PDF The Asset Management Working Group: What, Why, Who? (265 KB | 6 pages)

A group of UNEP FI signatories have constituted an Asset Management Working Group to explore whether environmental, social, and corporate governance considerations are sufficiently incorporated in asset management.

This publication introduces the member companies and provides an introduction to their work.

Published: 2004 | By: UNEP FI

 
     

PDF Values to Value: A Global Dialogue on Sustainable Finance - Executive Summary (265 KB | 25 pages)

A compilation of essays from sustainable finance experts and practitioners from around the world, Values to Value is based on the two-year UNEP FI ‘Global Tour’ conference series.

The report is divided into thematic sections, including Asset Management; Climate Change; Export Credit Agencies; Environmental Management, Reporting and Indicators; and Financial Systems; along with region-specific coverage.

Buy Values to Value online from Earthprint.

More information about Values to Value.

Published: 2004 | By: UNEP FI

 
     

PDF Implementing Responsible Investment - Summary Report (249 KB | 34 pages)

Summary report from, "Implementing Responsible Investment: A United Nations Investor Roundtable" held 16 June, 2004 by the UNEP FI Asset Management Working Group.

Topics include: the materiality of environmental, social, and corporate governance issues; responsible investment and fixed income portfolio management; best-practice shareholder engagement strategies, and responsible investment in emerging markets.

Published: 2004 | By: UNEP FI

 
     

PDF CEO Briefing on Renewable Energy (375 KB | 8 pages)

This paper presents the business case for financing renewable energy. It presents concrete examples and makes strong policy recommendations for further action.

The briefing builds on the UNEP FI Climate Change Working Group's study on climate change and the financial services sector and its review of emissions trading as a financial tool.

Published: 2004 | By: UNEP FI

 
     

PDF UNEP FI 2003 Overview (264 KB | 6 pages)

This summary document provides an overview and introduction to the structure and activities of UNEP FI - through its working groups and task forces, and highlights key meetings and publications from 2003.

Published: 2004 | By: UNEP FI

 
     

PDF CEO Briefing on Emissions Trading (200 KB | 8 pages)

This briefing from the UNEP FI Climate Change Working Group (CCWG) explores the issue of emissions trading from a financial sector perspective.

It follows up on some of the key recommendations of the CCWG study on Climate Change and the Financial Services Industry, outlining the current political developments, explaining the manner in which companies are affected, and discussing the risks and opportunities emissions trading presents. The briefing also discusses the role of financial services providers in diminishing the respective risks and creating new opportunities.

Published: 2004 | By: UNEP FI

 
     

PDF Working Towards a Better Climate... (227 KB | 3 pages)

UNEP FI has been engaged in climate change issues since 1994. The main objective of the Climate Change Working Group (CCWG) is to engage the financial sector on the risks and opportunities climate change presents and to enable it to play a key role in delivering market solutions that mitigate its effects.

This brochure outlines the CCWG's key aims, achievements, and members.

Published: 2003 | By: UNEP FI

 
     

PDF Sustainable Energy Finance Initiative (SEFI) (223 KB | 4 pages)

UNEP is working to create the policy and economic framework where sustainable energy can increasingly meet the global energy challenge.

This brochure introduces SEFI - a platform to provide financiers with the tools, support and networks to drive financial innovation that improves the environmental performance of the energy mix.

More details are available on the Sustainable Energy Finance Initiative website.

Published: 2003 | By: UNEP FI / UNEP Energy / Basel Agency for Sustainable Energy (BASE)

 
     

PDF Investing in Stability: Conflict Risk, Markets and the Bottom Line - Brochure (1.5 MB | 8 pages)

The project brochure summarises the preliminary attempts to identify linkages between financial institutions' activities and conflict and conflict related risks. The brochure offers suggestions how financial institutions can reduce their exposure to negative linkages with conflict and at the same time contribute proactively to conflict prevention and peace-building.

Published: 2003 | By: UNEP FI / International Institute for Sustainable Development (IISD)

 
     

PDF 0.618... - Issue 4 (295 KB | 12 pages)

In this issue: Sustaining value: tipping point test for finance; Sustainable finance in Japan; NGOs chart a new course for financial institutions; African perspectives; Creating a market for greenhouse gas emissions reductions; Sustainable Energy Finance Initiative launch; Australasian update; UNEP FI activities.

Published: 2003 | By: UNEP FI

 
     

PDF Mainstreaming Sustainable Investment - Summary Report (57 KB | 9 pages)

This report is a summary of the UN Global Compact / UNEP FI Joint Workshop on Investors and Sustainability, held on 17 September, 2003.

Participants and the meeting discussed the issue of sustainable investment initiatives and strategies for integrating sustainable investment into the mainstream financial community.

Published: 2003 | By: UNEP FI

 
     

PDF Investing in Stability: Conflict Risk, Markets, and the Bottom Line - Workshop Report (London) (285 KB | 7 pages)

The report summarises discussions at the UNEP FI / IISD expert workshop on fiance and conflict on 5 September 2003.

The meeting brought together financial sector actors (banks, asset managers, insurance companies, and export credit agencies (ECAs)), as well as representatives from governments, NGOs, academia and research firms, to discuss the relevance of conflict for the financial sector and the role of financial institutions in conflict prevention and mitigation.

Published: 2003 | By: UNEP FI / International Institute for Sustainable Development (IISD)

 
     

PDF Benefits: North American Financial Institutions (183 KB | 6 pages)

Overview of benefits of joining UNEP FI and the North American Task Force.

The UNEP FI North American Task Force is comprised of signatories to the UNEP FI Statements and has a specific mission to support and expand sustainable financial institution practice in North America.

Published: 2003 | By: UNEP FI

 
     

PDF Your Financial Institution and the Environment (1.5 MB | 12 pages)

An introduction to environmental risk issues, and the need for environmental risk management and due diligence policies and procedures in financial institutions.

Published: 2003 | By: UNEP FI / Environmental Bankers Association

 
     

PDF Environmental Disclosures in Financial Statements - Event Report (623 KB | 28 pages)

Summary report from "Environmental Disclosures in Financial Statements: New Developments and Emerging Issues" held 26 February 2003 in New York.

Meeting discussed use of environmental information (reported voluntarily by companies, or mandated by regulators) in mainstream financial analysis. Participants considered "supply-side" and "demand–side" barriers to the integration of environmental information into financial statements.

Published: 2003 | By: UNEP FI / Commission for Environmental Cooperation (CEC) of North America

 
     

PDF Risk, the Environment, and the Role of the Insurance Industry (414 KB | 53 pages)

Prepared by the UNEP FI Australasian Advistory Committee on Insurance, this publication discusses risk management in general and the role that insurance plays in risk management for businesses. It focuses on environmental risk as one of the sources of potential liability that a business would manage, and the potential consequences of not properly managing environmental risk.

Drawing in part from the Australian experience in this area, the report also looks at how insurance addresses liability for environmental risk at present, and considers whether there is a broader role for insurance in an environmentally sustainable future.

Published: 2003 | By: UNEP FI / EPA Victoria (Australia)

 
     

PDF 0.618... - Issue 3 (461 KB | 16 pages)

In this issue: Corporate governance: when worlds collide; Rules, ratings or values: encouraging good corporate governance; Australasian activities; Regulatory and voluntary codes of practice; Sarbanes-Oxley; The perfect storm: climate change and the new fiduciary; UNEP FI activities.

Published: 2003 | By: UNEP FI

 
     

PDF Finance, Environment, and Sustainable Development - European Seminar Report (878 KB | 50 pages)

Summary report from the European Seminar on Finance, Environment and Sustainable Development (Paris, 2003).

The report discusses corporate responsibility, capital markets, and qualitative risk issues. The seminar also covered Financial Institution Case Studies in Project and Portfolio Risk Management; Integrating Sustainability Criteria into Fund Management, and Climate Change, Fiduciary Responsibility and Disclosure.

PDF file French (PDF: 889 KB)

Published: 2003 | By: UNEP FI

 
     

PDF Risk on Trial: The Changing Face of Non-Quantitative Risk (298 KB | 6 pages)

Summary report from the UNEP FI Ratings Roundtable (Paris, 2003).

This report summarizes a meeting in which representatives from various rating agencies came together discuss the issue of non-financial (sustainability/ qualitative) risk and its implications for the rating industry. This group of senior executives representing credit, equity, governance, environmental and ethical rating agencies were joined by regulators to provide their perspectives on the topic and the perceived impact on their industry.

Published: 2003 | By: UNEP FI

 
     

PDF Financing Sustainable Energy Directory: A Listing of Lenders and Investors (474 KB | 127 pages)

The Financing Sustainable Energy Directory is an inventory of lenders and investors who provide finance to the renewable energy and energy efficiency sectors. It is designed to help project developers and entrepreneurs seeking capital, as well as investors looking for financing vehicles.

An online version of the directory is available at http://www.fse-directory.net/

Published: 2002 | By: UNEP FI / UNEP Energy / Basel Agency for Sustainable Energy (BASE)

 
     

PDF Industry as a Partner for Sustainable Development: Finance and Insurance (471 KB | 76 pages)

The UNEP Division of Technology, Industry, and Economics (DTIE) facilitated a multi-stakeholder process to prepare 22 industry sector reports in advance of the World Summit on Sustainable Development (Johannesburg 2002).

In this report, key actors from the finance and insurance sector examine progress towards sustainable development and outline future challenges and actions to be taken.

Published: 2002 | By: UNEP Division of Technology, Industry, and Economics (DTIE)

 
     

PDF CEO Briefing on Climate Change (677 KB | 8 pages)

This paper summarises the main findings of a major two-phase study on the financial services sector and climate change for corporate decision-makers at executive board level and for key government policy-makers.

The study shows why climate change is relevant to the financial services industry and explains the need for long-term, market-based, frameworks to foster finance sector participation.

Translations

PDF icon French (278 KB) | PDF icon German (250 KB) | PDF icon Japanese (1.6 MB)

Published: 2002 | By: UNEP FI

 
     

PDF Climate Change and the Financial Services Industry - Module 2: A Blueprint for Action (277 KB | 50 pages)

Part 2 of a two-phase study on the financial services sector and climate change commissioned by the UNEP FI Climate Change Working Group.

Part 2 examines in detail the possible future role of the finance sector in dealing with climate change, the prevailing attitudes of financial services companies in responding to the issue, the various barriers to action and the kinds of activities currently being implemented.

Published: 2002 | By: UNEP FI / Innovest Strategic Value Advisors

 
     

PDF Climate Change and the Financial Services Industry - Module 1: Threats and Opportunities (432 KB | 36 pages)

Part 1 of a two-phase study on the financial services sector and climate change commissioned by the UNEP FI Climate Change Working Group.

Part 1 discusses the underlying reasons why climate change is relevant to the financial services industry and the need for long-term, 'beyond-Kyoto' market-based frameworks for fostering finance sector participation. The study presents an overview of the specific threats and opportunities facing the financial services industry and makes a series of strategic recommendations to policymakers and financial institutions for early action on the issue.

Published: 2002 | By: UNEP FI / Innovest Strategic Value Advisors

 
     

PDF Financing for Sustainable Development (675 KB | 54 pages)

In order to finance internationally agreed development goals, resources will have to come from both the public and private sectors, and innovative approaches will have to be designed to make financing mechanisms more effective.

This publication discusses Official Development Assistance (ODA) and Foreign Direct Investment (FDI). Its specific objective is to explore potential avenues to attract private sector funding and generate more resources for the public sector to invest in sustainable development.

Published: 2002 | By: UNEP DTIE / International Monetary Fund (IMF) / World Bank

 
     

PDF Foreign Direct Investments: Financing Sustainability - Meeting Report (793 KB | 30 pages)

Report from the UNEP meeting, Foreign Direct Investments: Financing Sustainability (Belgrade, FRY, 2002).

This roundtable meeting report explores foreign direct investment (FDI) and sustainability, and the challenges of attracting dynamic, productive investments that support the country’s long-term economic, environmental and social fabric.

Published: 2002 | By: UNEP FI / UNEP Post Conflict Assessment Unit

 
     

PDF Sustainable Venture Finance: Workshop Report (935 KB | 35 pages)

Report from the UNEP FI / INSEAD meeting on Sustainable Venture Finance (Paris, 2002)

Explores the broad theme of whether and when it is profitable to invest in sustainability-oriented venture capital funds and entrepreneurial ventures.

Published: 2002 | By: UNEP FI / INSEAD

 
     

PDF 0.618... - Issue 2 (1.7 MB | 12 pages)

In this issue: Global financial institutions gather in Rio; Climate change: multi-billion US$ market is waiting; Australasian activities; The energy for profit: foreign direct investment in the energy sector; The role of the finance sector in mining; UNEP FI activities.

Published: 2002 | By: UNEP FI

 
     

PDF 0.618... - Issue 1 (516 KB | 16 pages)

In this issue: UNEP FI on the road to Rio+10; UNEP FI Regional Conference (Manila); New York workshop; Insurers not of one mind on climate change; Wiring our way to sustainability; New signatories; Australasian update; UNEP FI activities.

Published: 2001 | By: UNEP FI

 
     

PDF The GHG Indicator: UNEP Guidelines for Calculating Greenhouse Gas Emissions for Businesses and Non-Commercial Organisations (335 KB | 61 pages)

Businesses and other organisations increasingly have to account for and report on their greenhouse gas (GHG) emissions. This Guide provides a step-by-step method for the calculation of GHG emissions in order to give a single GHG Indicator for an organisation's contribution to climate change.

This indicator is applicable to companies regardless of their size and at all levels of operation. It can also be used by government agencies, non-governmental organisations (NGOs) and other bodies interested in estimating GHG emissions.

Published: 2000 | By: UNEP / Charles Thomas, Tessa Tennant and Jon Rolls

 
     

 


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