Banking, Europe, News, Policy, Principles for Responsible Banking | 17 February 2023

UNEP FI reappointed as observer in EU Platform on Sustainable Finance

UNEP FI has been reappointed as an observer in the new mandate EU Platform on Sustainable Finance. This platform seeks to promote dialogue and close cooperation among a wide range of stakeholders from the public and private sector which will be crucial to deliver on the aims of the EU Taxonomy Regulation and ultimately of the European green and the EU climate targets for 2030 and 2050.

Banking, Climate Change, News, Principles for Responsible Banking | 09 February 2023

Principles for Responsible Banking to strengthen climate ambition to meet increased expectations

As the global framework and gold standard for Sustainable Banking, the Principles for Responsible Banking need to continuously evolve in line with increasing ambition and new goals humanity defines. Signatories have made the important decision to strengthen the definition of the Principles’ climate ambition to specify that Signatory Banks, in accordance with the Paris Agreement, are expected to align their portfolios with a 1.5 degrees pathway.

Banking, News | 19 December 2022

Why the new Global Biodiversity Framework matters to members of the Principles for Responsible Banking

Today, a historic agreement was reached at the UN Biodiversity Conference (CBD COP 15): the Kunming-Montreal Global Biodiversity Framework which aims to halt and reverse biodiversity loss by 2030. Taking a similar approach to the Paris Climate Agreement, this framework sets a clear mandate for private financial flows to align with the 2050 Vision of “Living in harmony with Nature”, providing the finance sector with a landmark agreement for biodiversity-related financial-decision making.