29 June 2022

UN responds to the ISSB consultation on new standards with joint statement

The standards being developed by the ISSB provide a unique opportunity. They can support global convergence of sustainability-related disclosure, create a common reporting baseline, and help mainstream sustainability-related issues into regular business strategy and management. Despite this opportunity, there is a risk that these key benefits will not be delivered. In particular: (i) a narrow…

29 June 2022

New Principles for Responsible Banking Academy to mainstream sustainability training

UNEP FI, the Chartered Banker Institute, and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH are today announcing the establishment of the Principles for Responsible Banking Academy (PRB Academy). This unique global academy will support the implementation of the UN Principles for Responsible Banking (PRB) and provide mainstream training on responsible banking to the entire…

29 June 2022

A typology of risks to increase investment in indigenous and community-led landscapes

By Dr Frank Hawkins, IUCN and Steering Committee Member for the Coalition for Private Investment in Conservation (CPIC), and Jessica Smith, Nature Lead at UNEP FI Get involved: answer our questionnaire by September 6th to help us build a common framework for identifying, assessing and managing risks in private financial investments in community-led conservation in…

28 June 2022

TNFD releases second iteration beta framework including initial guidance on metrics 

The TNFD expands its beta framework for nature risk management and disclosure, including the Taskforce’s approach to metrics and specific sector guidance, and additional guidance to support pilot testing. The Taskforce on Nature-related Financial Disclosures (TNFD) today released version 0.2 of its beta framework for nature-related risk and opportunity management and disclosure. This release builds…

28 June 2022

UNEP FI joins international coalition to develop guidance on blue bonds

Five top international organisations jointly launch global guidance for bonds to finance the sustainable blue economy—a commitment to provide the global market with consistency and transparency. On the sidelines of the UN Ocean Conference in Lisbon, UNEP FI, together with four of the top international organizations today announced their commitment to develop guidelines that would…

22 June 2022

Carbon pricing policy instruments need a radical redesign and competent implementation

22 June 2022, Geneva: Ahead of the G7 Leaders’ Summit in Berlin (26-28 June), a new position paper by the UN-convened Net-Zero Asset Owner Alliance argues that carbon pricing must be supported by a mix of policy instruments including international coalitions to provide predictable price signals to businesses and ensure a just and equitable transition…

10 June 2022

Towards a common language: the urgent need to build a common framework of sustainable finance taxonomies in Latin America and the Caribbean.

Seven organizations from Latin America and the Caribbean (LAC) join forces to develop a common framework for sustainable finance taxonomies for the region. The common framework seeks to guide, increase and make transparent the alignment of investments that support the transition to a low-carbon and climate-resilient economy. The main objective is to give a strong signal to the financial market on where to direct its investments.

8 June 2022

Net-Zero Asset Owner Alliance welcomes proposed US SEC climate disclosure rules

The UN-convened Net-Zero Asset Owner Alliance , a group of 73 leading pension funds and insurance companies with $10.6 trillion in assets under management, supports and strongly welcomes the proposed climate disclosure rules by the US Securities and Exchange Commission. Günther Thallinger, Chair of the Alliance, says: “On behalf of Allianz and the UN-convened Net-Zero…

17 May 2022

One year on, momentum around Investor Climate Action Plans is growing

 By The Rev. Kirsten Spalding (Ceres) Chair and Rahnuma Chowdhury (UNEP FI) Manager for the Investor Agenda ICAPs Working Group The latest warnings from the world’s leading scientists urge us to take swift action if we have any chance to prevent the worst effects of the climate crisis. Notably, the Intergovernmental Panel on Climate Change…

5 May 2022

Dates for the UNEP FI Global Roundtable 2022 announced

UNEP FI’s 17th Global Roundtable (GRT), a major global agenda-setting event on sustainable finance, will take place virtually on 10-14 October 2022. Held under the theme of “Transforming Finance, Accelerating Change”, this online event will bring together decision-makers, experts and thought leaders on a virtual event platform to help shape approaches to integrating sustainability across…

26 April 2022

How keen and ready is business for nature-related financial disclosure?

A new report, released today sets out to provide answers. It investigates how far businesses are interested in and ready for nature-related financial disclosures, and gathers insights from company leaders to help guide and refine the development of disclosure frameworks, including the Taskforce on Nature-related Financial Disclosures (TNFD).

21 April 2022

A Vision for Change: The NZBA observes its first anniversary

On 21 April, the Net-Zero Banking Alliance observes its first anniversary. At this milestone, the Alliance looks ahead to the coming year and puts forward a vision for change as it undertakes the next phase of the net-zero commitment.

14 April 2022

7 major developments in the climate tool marketplace

As the financial sector has turned its attention to climate change, the demand for climate tools and analytics has skyrocketed. A robust marketplace of tool providers has developed to support these institutions, with new solutions, data, and methodologies appearing almost daily. The rapidity of development can feel overwhelming, but financial actors can become more informed consumers of climate tools by understanding the current and emerging trends.

13 April 2022

40% of emissions come from real estate; Here’s how the sector can decarbonize

From rising sea levels that sweep away coastal properties to heatwaves that cause energy bills to spike, real estate assets face a diverse set of threats from climate change. However, while these physical risks from climate change are often well known to real estate investors, less appreciated are the challenges presented by the low-carbon transition. Nearly 40% of global carbon dioxide emissions come from the real estate sector.

8 April 2022

Escalating energy security crisis underscores imperative for accelerated net-zero transition

A statement from the UN-convened Net-Zero Asset Owner Alliance: As countries face critical choices in their energy strategies, amid heightened geopolitical tension and a rapidly warming climate, governments must ensure that energy security policies are compatible with net-zero scenarios mapped out by the International Energy Agency (IEA) or the Intergovernmental Panel on Climate Change (IPCC).…

7 April 2022

In the same boat: ocean finance, inclusivity and social equity

Ocean-linked sectors such as fishing, shipping and marine tourism are among the major arteries of the global economy, providing food, goods, and livelihoods to billions of people worldwide. Due to declining ocean health, climate change and its accompanying social impacts, this ‘blue’ economy is at risk of faltering if it is not rapidly transitioned towards…

7 April 2022

“Change rules of the game,” asks $10.4trn Net-Zero Asset Owner Alliance in new paper on investor action

The UN-Convened Net-Zero Asset Owner Alliance releases a high-level paper outlining a forward-looking, systematic stewardship approach for investors that seeks to mitigate the existential risk of climate change. This stewardship approach focuses on how investors can leverage multiple tools of engagement to support changes to economic realities that align with a transition to a 1.5C…

6 April 2022

Hear from lead authors of the IPCC report on climate change mitigation

At the launch of the latest IPCC report, UN Secretary General António Guterres warned that a 3.2C rise in global temperatures would see our planet hit by “unprecedented heatwaves, terrifying storms, and widespread water shortages.” The Intergovernmental Panel on Climate Change’s (IPCC) Working Group III Contribution to the IPCC Sixth Assessment Report emphasises that while we have…