Partnership between United Nations Environment and the global financial sector to promote sustainable finance
Finance sector commits to working together to develop Sustainable Finance Roadmaps for Australia & New Zealand Finance sector organisations – including banking, insurance and investment industries, representing over 300 institutions with $10 trillion in assets – have today released a joint statement in support of a sustainable financial system for Australia and New Zealand.
The PRI, The Generation Foundation and UNEP FI have launched a series of roadmaps as part of the Fiduciary Duty in the 21st Century initiative. The publications are the culmination of extensive consultation with regulators, investors, policy makers and attorneys across the countries. They make a series of recommendations to enable the market-wide adoption of ESG integration. The recommendations address the following core…
With the Zero and Low-emission Innovation Forum – co-hosted by the IMO and UNEP – having been held this week, the transformation of the maritime transportation sector is taking centre stage this autumn. In this article we look at some of the leading examples of best practice in social and environmental sustainability across the maritime transportation sector which banks, insurers and investors can seek out.
14 September 2021 – In the run-up to the most consequential United Nations climate change conference in years, and on the heels of another urgent warning from the world’s leading scientists, a record number of 587 investors with US$46 trillion in assets under management are urging governments to rapidly implement five priority policy actions…
COP26 Champions welcome study as enabling rapid net-zero transition Geneva, 10 December 2020 – Based on the 2019 One Earth Climate Model (OECM) by the Institute for Sustainable Futures at University of Technology Sydney (UTS), Sectoral Pathways to Net Zero maps out possible 1.5 °C pathways for five key high-emitting sectors: energy, utilities, materials in…
This report summarises the research and outreach activities carried out under the Fiduciary Duty in the 21st Century programme, convened by UNEP FI and the PRI, with the generous financial support of The Generation Foundation. The final report on Fiduciary Duty in the 21st Century presents the conclusions of the 4-year research and detailed analysis…
The UN Environment Programme Finance Initiative (UNEP FI), Luxembourg for Finance (LFF) and Global Landscapes Forum (GLF) joined forces for three days to welcome over 500 sustainable finance professionals to Luxembourg on 28-30 November 2019. The events, co-hosted by the Luxembourg Ministry of Finance and Ministry of the Environment, Climate and Sustainable Development, created a…
The world’s governments will gather from 9 July for the High-Level Political Forum, an annual United Nations gathering to review progress towards the Sustainable Development Goals. They will certainly, as they have in the past, flag the high costs of achieving the SDGs, re-iterate their aim to “leave no one behind”, and call on the…
On October 4 2018, the Minister of the Environment, Carole Dieschbourg, the Minister of Finance, Pierre Gramegna and UNEP FI Head, Eric Usher presented the new “Luxembourg Sustainable Finance Roadmap” and its recommendations. These touch on many facets of the financial market, such as the development of financial products for sustainable finance, the development of…
4 July 2018 (French below) The Fiduciary Duty in the 21st Century programme – launched in 2016 by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and the Generation Foundation – will collaborate with Finance for Tomorrow to publish a “roadmap for sustainable finance in France”. The Fiduciary…
After a year-long global consultation involving insurance industry leaders, mayors and other local government leaders, and key stakeholders, the Insurance Industry Development Goals for Cities were launched in Montréal on 22 June at the ICLEI World Congress 2018. The goals set the global agenda for the industry and cities in the context of economic, social and environmental sustainability—or sustainable development.
An agenda-setting event with the United Nations Environment Programme Finance Initiative (UNEP FI) took place in Sydney on 23-24 July 2018 to explore the potential for sustainable finance to shape a resilient and…
Last month, UNEP FI and the Principles for Responsible Investment (PRI) received the Investments and Pensions Europe 2017 gold award for Outstanding Industry Contribution in recognition of our work on Fiduciary Duty in the 21st Century. Long considered a barrier, the programme seeks to modernise conceptions of fiduciary duty to integrate environmental, social and governance…
September 2017 The United Nations Environment Programme Finance Initiative (UNEP FI) and the Principles for Responsible Investment (PRI) are partnering with the International Institute of Green Finance (IIGF) of the Central University of Finance and Economics in Beijing on a joint research project on the theme of Investor Obligations and Duties and ESG Integration. Building…
31 August, 2017 An unprecedented global partnership has been forged to promote inclusive and sustainable insurance markets around the world and to help achieve the UN Sustainable Development Goals. UN Environment Finance Initiative’s Principles for Sustainable Insurance Initiative and the Microinsurance Network join forces to help achieve the UN Sustainable Development Goals. The Microinsurance Network, the…
Key sustainability factors are now recognized as potentially significant for the success, safety and soundness of the insurance sector – inspiring reactions by supervisors and regulators. As a risk manager, risk carrier and investor, the global insurance sector plays a cornerstone role in the management of sustainability-related risks and opportunities. The risk transfer tools of…
Key sustainability factors are now recognized as potentially significant for the success, safety and soundness of the insurance sector – inspiring reactions by supervisors and regulators. As a risk manager, risk carrier and investor, the global insurance sector plays a cornerstone role in the management of sustainability-related risks and opportunities. The risk transfer tools of…
Last June, the Bank of England, the central bank of the UK, released an article on its response to climate change, as part of its second quarter 2017 bulletin. Climate change, and society’s responses to it, present financial risks which impact upon the Bank of England’s objectives. The Bank’s response has two core elements. First,…
The PRI, UNEP FI and The Generation Foundation have published the Germany Roadmap which builds on the report Fiduciary Duty in the 21st Century. Many industry experts involved in this study indicated that ESG integration in Germany is on average less advanced than in neighbouring France, the Netherlands, the UK and Scandinavia. Despite this, momentum…
The PRI, UNEP FI and The Generation Foundation have published the Germany Roadmap which builds on the report Fiduciary Duty in the 21st Century.