23 September 2021

UNEP FI Regional Roundtable Latin America and Caribbean 2021: Highlights

The UNEP FI Regional Roundtable for Latin America and Caribbean was held virtually from 31 August – 2 September 2021, and welcomed 1100+ participants and 40+ speakers to help define the role of banking, insurance and investment in shaping ambitious responsible and sustainable strategies to proactively address the challenges and opportunities of a green recovery whilst…

23 September 2021

Thailand flexes financial muscle to grapple with climate crisis

It is increasingly recognized that the finance and banking sectors can have a huge influence on the economy, through the way that they decide to invest in, and fund, businesses, and in Thailand, the UN is helping the government to raise awareness of the importance of sustainable finance.

23 September 2021

Net-Zero Asset Owner Alliance backs call to scale-up carbon removal from atmosphere

Geneva, 23 September 2021: Asset owners must immediately scale investment into impactful carbon management and negative emissions technologies both inside and outside of value chains, according to a new position paper from the UN-convened Net-Zero Asset Owner Alliance. Following the recent special report by the Intergovernmental Panel on Climate Change (IPCC), the Alliance recognizes that…

22 September 2021

At the 2-year mark, over 40% of the banking sector now committed to the Principles for Responsible Banking

2 years since launch, we celebrate the Principles for Responsible Banking and the work of signatory banks as they continue along their 4 year journey of implementation. We also welcome new signatories who now number almost 250 banks representing 40% of banking assets worldwide, and take a look forward to the report on collective progress, scheduled for publication in October this year.

6 September 2021

Partnership for Carbon Accounting Financials collaborates with UN-convened Net-Zero Insurance Alliance to develop standard to measure insured emissions

Urgent, ground-breaking work on insured emissions, allowing insurers to set net-zero targets for their respective underwriting portfolios. Utrecht/Geneva, 6 September 2021—The Partnership for Carbon Accounting Financials (PCAF), in collaboration with the UN-convened Net-Zero Insurance Alliance (NZIA), today announced the launch of a working group comprising leading insurance and reinsurance companies to develop the first global…

16 August 2021

New report examines how real estate markets respond to physical impacts of climate risk

Geneva 16 August 2021 – A new report investigating the extent that real estate markets are pricing in risk from the physical impacts of climate change has been published today. In line with increasing investor and regulator requests for forward-looking analyses of assets and portfolios, the authors sought to better understand the variables that can…

5 August 2021

5 examples of best practice to sustainably finance the port sector

The blue (ocean) economy offers many opportunities for private finance to lend and invest in a sustainable and nature-positive way. Here we look at some of the leading examples of best practice in social and environmental sustainability across the port sector which banks, insurers and investors can seek out.

27 July 2021

Net-Zero Banking Alliance announces governance

The industry-led, UN-convened Net-Zero Banking Alliance today appoints a 12-member-strong Steering Group and Chair to oversee decision-making and strategy, guiding the technical work and collective progress of the Alliance. The new governance will allow the Alliance to drive collective and credible progress towards aligning members’ lending and investment portfolios with net-zero emissions by 2050. As well as providing a level of accountability for the…

26 July 2021

G20 environment ministers discuss green and blue finance

On 22 July 2021, the G20 environment ministers gathered in Naples committing to ‘continue and increase’ their efforts to address the triple crises of climate change, nature loss and pollution. Finance, both ‘green’ and ‘blue’ was on the agenda, as ministers highlighted the urgent need to direct financial flows and mobilise finance sources to align…

21 July 2021

Major international legal report backs growing institutional investor focus on achieving positive sustainability impacts

New research provides a legal framework for institutional investors internationally as they seek to address key environmental and social sustainability challenges, and sets out the opportunities for policy reform 21 July, LONDON – Freshfields Bruckhaus Deringer (Freshfields) has today released a new report, A Legal Framework for Impact, commissioned by The Generation Foundation, the United…

19 July 2021

UNEP FI responds to the TCFD’s consultation on its proposed guidance

UNEP FI has responded to the TCFD’s consultation on its proposed guidance on climate-related metrics, targets, and transition plans and measuring portfolio alignment: technical supplement (‘PAT Supplement’) and offered some recommendations for further enhancement of the guidance.

12 July 2021

Responsible Banking Academy – Request for Expressions of Interest

Background United Nations Environment Programme Finance Initiative (UNEP FI) is seeking a professional education body to develop an online learning academy – the Responsible Banking Academy – to support implementation of the Principles for Responsible Banking. The education body will support implementation of UNEP FI’s training strategy through the development and delivery of online learning…

11 July 2021

Global insurance and reinsurance leaders establish groundbreaking net-zero alliance

Geneva/Venice, 11 July 2021—As the G20 gathers in Venice for its Climate Summit, eight of the world’s leading insurers and reinsurers make a historic commitment to play their part in accelerating the transition to a net-zero emissions economy, as required by the Paris Agreement. The companies have established the Net-Zero Insurance Alliance (NZIA), convened by…

11 July 2021

Almost a quarter of global banking assets now in the Net-Zero Banking Alliance

The Net-Zero Banking Alliance, established in April 2021 by 43 founding banks, and convened by UNEP Finance Initiative, has now grown to 53 banks from 27 countries with US$ 37 trillion in total assets – representing almost a quarter of banking assets worldwide. Announced at the G20 Venice International Conference on Climate, the 10 members who have joined since the launch of the Alliance are: ABANCA, AIB, Banco Bradesco S.A., Caixa Geral de Depósitos, Crédit Agricole, Crédit Mutuel, Groupe BPCE, MUFG, Nationwide Building Society and Swedbank.

9 July 2021

UNEP FI Regional Roundtable Asia Pacific 2021: Highlights

The UNEP FI Regional Roundtable for Asia Pacific was held virtually from 1-3 June 2021, and welcomed 400+ participants and 30+ speakers to help define the role of banking, insurance and investment in shaping ambitious responsible strategies to proactively address the challenges and opportunities of a green recovery, whilst transitioning to a low-carbon, inclusive and…