Breaking News – European Commission appoints Platform on Sustainable Finance, includes UNEP FI

1 October 2020

The European Commission published today the list of members of the Platform on Sustainable Finance, which includes UNEP FI. The Platform brings together public and private sector experts to develop sustainable finance policies and tools to tackle the urgency of the sustainability transition. In particular, the platform will advise the Commission on the development of of […]

Keeping up with the Kiwis on climate risk disclosure

29 September 2020

New Zealand mandates climate-related risk disclosure Momentum continues to build on climate-risk disclosure across the globe, with New Zealand’s finance minister, James Shaw, announcing legislation, which will make the country the first to require large financial institutions to disclose their climate-related risk. Many other jurisdictions have introduced guidelines and are looking at further climate-related risk […]

UN-convened Net-Zero Asset Owner Alliance kicks off Sustainable Investment Forum North America

25 September 2020

Members of the UN-convened Net-Zero Asset Owner Alliance and its Chair, Guenther Thallinger, launched the virtual Sustainable Investment Forum North America (SIF NA) – a collaboration between UNEP FI and Climate Action. The largest climate finance event during New York Climate Week – “Mobilising sustainable investment towards a 1.5-degree world” – saw keynotes by Eric Usher, […]

UNEP FI and Oliver Wyman launch “Transition Check”, a web-tool that takes a scenario-based approach for assessing transition risk

24 September 2020

As businesses consider the impacts of climate change on their long-term sustainability, it has remained difficult to measure such risks – until now. Introducing Transition Check, a web-tool that takes a scenario-based approach for assessing transition risk and the potential impact of climate change on corporate lending portfolios within an overall framework consistent with the […]

One year on: Coalition of signatory banks, civil society shares progress implementing the UN Principles for Responsible Banking

21 September 2020

  Exactly one year ago, on 22 September 2019, more than 130 banks in the presence of the UN Secretary General signed the first-ever global sustainability framework for the banking industry: the UN Principles for Responsible Banking. Signatories commit to align their business strategy and practice with the Sustainable Development Goals and the goals of […]

UNEP FI launches “Charting a New Climate”, a report on physical climate risks and opportunities from Phase II of its TCFD Banking Programme

8 September 2020

8 September 2020 – UN Environment Programme Finance Initiative (UNEP FI) has released a report on physical climate risks and opportunities from Phase II of its Task Force for Climate-related Financial Disclosures (TCFD) Banking Programme with climate risk advisory and analytics firm, Acclimatise. The report, “Charting a New Climate”, provides a state-of-the-art blueprint to support […]

Cbus is first Australian member of UN-convened Net-Zero Asset Owner Alliance

31 August 2020

Australian building and construction industry pension fund Cbus has announced its membership of the UN-convened Net-Zero Asset Owner Alliance. The fund is the first Australian asset owner to join the Alliance, bringing membership to 29 managing nearly US$5 trillion in assets. “Cbus recognizes that to decarbonize the global economy in line with the Paris Agreement […]

The David Rockefeller Fund joins the UN-convened Net-Zero Asset Owner Alliance

3 August 2020

The UN-convened Net-Zero Asset Owner Alliance welcomes the David Rockefeller Fund to its membership. The Fund becomes the 28th member of the Alliance, which now has combined assets under management (AUM) of nearly $5 trillion. The Alliance was launched by 12 members with AUM of $2.4 trillion in September 2019. Nili Gilbert, David Rockefeller Fund Trustee & […]

PODCAST episode features A Legal Framework for Impact: AP2’s investment approach

13 July 2020

In collaboration with The Generation Foundation and the Principles for Responsible Investment, UNEP FI recently launched the project A Legal Framework for Impact, which aims to make the consideration of sustainability impact in investor decision making a core part of investment activity within the decade. In this episode of the PRI podcast, and the second […]

UN Joint Staff Pension Fund joins Net-Zero Asset Owner Alliance

10 July 2020

The United Nations Joint Staff Pension Fund (UNJSPF) has joined the UN-convened Net-Zero Asset Owner Alliance, becoming the 27th member. The Office of Investment Management said in a statement: “As a pension fund with long-term investment horizons and liabilities, UNJSPF is vulnerable to the financial impact resulting from both transition and physical risks caused by […]

Urgency for Finance Sector to set Biodiversity Targets

30 June 2020

New research published today shines a spotlight on the urgent need for financial sector action on biodiversity. The report highlights the need for banks, investors and insurers to set firm targets to reduce biodiversity loss, starting with nine critical sectors where financial players are exposed through their loans, investments or underwriting activities.

Net-Zero Asset Owner Alliance: Statement on the EU’s Non-Financial Reporting Directive consultation

19 June 2020

The UN-Convened Net-Zero Asset Owner Alliance (AOA), representing $4.75 trillion in assets and many of Europe’s largest pension funds and insurance companies, warmly welcomes the review of the EU’s Non-Financial Reporting Directive (NFRD). AOA members have publicly committed at the CEO level to transitioning their investment portfolios to have net-zero greenhouse gas emissions by 2050. […]

Denmark’s Danica Pension joins UN-Convened Net-Zero Asset Owner Alliance

18 June 2020

Danica Pension becomes the 26th member of the UN-convened Net-Zero Asset Owner Alliance (AOA), committing to transitioning its investment portfolio of $68 billion assets under management (AUM) to net-zero greenhouse gas emissions by 2050. CEO Ole Krogh Petersen said: “As a pension company, our more than DKK 400 billion ($60 billion) assets under management can […]