21 January 2021

One Planet Summit: Biodiversity rises up the Global Agenda

Biodiversity is catching up with climate on the global policy agenda, motivating leading financial institutions to understand their impacts and dependencies on nature. A first step for financial institutions is to look at the impacts and dependencies on nature across the industries they invest in, lend to or insure.

22 December 2020

Why the finance sector needs to catch the blue wave

In this op-ed originally published for The Economist Group’s World Ocean Initiative, Eric Usher, Head of UNEP FI, calls for a transformational shift in private finance to regenerate ocean health. A healthy ocean is one of the critical success factors in the global economy. Prior to covid-19, the value of the blue economy was an…

11 December 2020

How the Insurance Industry can Shape a Sustainable Blue Economy

With calls to ‘build back better’ after the COVID-19 pandemic, how can insurance companies take a leadership role in transitioning ocean sectors towards sustainability? The United Nations Environment Programme Finance Initiative (UNEP FI) assembled a star line-up for a webinar hosting a big-picture discussion on the key ocean-related sustainability trends that affect the insurance business.…

3 December 2020

A Blue Path to Recovery: The Power of Finance to Rebuild Ocean Health

Oceans cover 71% of the world's surface, giving Earth the befitting title of the ‘Blue Planet’. The ocean is a planetary superpower that sustains the lives of billions of people and countless marine wildlife. For instance, approximately 3 billion individuals globally are dependent on protein from the ocean for food security. This pivotal role in the global economy establishes the ocean as a vitally important asset to underwriting, lending and investment activities, in businesses which either depend on or impact the ocean and its services.

20 November 2020

Investment & Pensions Europe: Storebrand Signs UN Healthy Oceans Framework

The Norwegian financial group said it had signed the United Nations-backed Sustainable Blue Economy Finance Principles, a guiding framework launched in 2018 for financing a sustainable ocean economy. Storebrand – one of Norway’s main occupational and personal pension providers – said the framework aimed to accelerate the transition towards sustainable use of the ocean and its resources by developing practical actions for insurers, lenders and investors to undertake.

10 November 2020

American Hellenic Hull Insurance Company Signs the Sustainable Blue Economy Finance Principles

American Hellenic Hull Insurance Company announced today that it has signed the Sustainable Blue Economy Finance Principles  joining a growing UNEP FI-hosted community of pioneering banks, insurers and investors working to transition the ocean economy towards sustainability. As a marine insurer, American Hellenic Hull Insurance Company provides hull and machinery services to the international shipping…

27 October 2020

Marine ecologist Enric Sala addresses the financial community

The blue economy is an attractive opportunity for banks and insurance companies, yet some players are rushing to invest without first adopting sustainability principles that can avoid repeating the wrongs of the past, says world-renowned ecologist Enric Sala.

25 September 2020

Task Force on Nature-related Financial Disclosures (TNFD) Gathers Momentum

Efforts to establish a Task Force on Nature-related Financial Disclosures (TNFD) have today passed an important milestone with the announcement of an Informal Working Group (IWG) comprising some of the world’s biggest banks, investors and companies, as well as governments and regulatory bodies.