22 October 2021

Are you ready for the TNFD framework?

On 6 October the Taskforce on Nature-related Financial Disclosures (TNFD) held its first Plenary meeting, bringing together the TNFD Co-Chairs, Elizabeth Maruma Mrema, Executive Secretary of the United Nations Convention on Biological Diversity (CBD), and David Craig, former CEO of Refinitiv and Group Leader of Data & Analytics Division at London Stock Exchange Group (LSEG),…

21 October 2021

Towards a TNFD framework: testing nature-related risk reporting in the consumer staples sector

To support the Taskforce on Nature-related Financial Disclosures (TNFD) with developing a robust framework for nature-related risks, Global Canopy and UNEP FI are testing TNFD core concepts and an exploratory disclosure framework with organisations operating or investing in soy supply chains Companies and financial institutions are increasingly aware that they may be exposed to nature-related…

20 October 2021

Net-Zero Asset Owner Alliance members to cut portfolio emissions 25-30% by 2025

Less than two weeks away from COP26, the UN-Convened Net Zero Asset Owner Alliance launches its inaugural, biennial Progress Report, highlighting that 29 of its member investors have committed to reducing portfolio emissions by 25-30% by 2025 across three asset classes. This range is higher than the targets set by the inaugural Target Setting Protocol,…

15 October 2021

8 examples of best practice to sustainably finance the seafood sector

Sustainable Seafood can be one piece of the puzzle in ensuring food security in a low-carbon future. Global leaders are meeting at the Tokyo Sustainable Seafood Summit this week discussing innovations in the space. The blue (ocean) economy offers many opportunities for private finance to lend and invest in a sustainable and nature-positive way. Here we…

15 October 2021

Japanese insurers join UN-convened Net-Zero Asset Owner Alliance; adding $1.4 trillion to AUM

Three Japanese insurance companies joined the UN-convened Net-Zero Asset Owner Alliance, adding a combined US$1.4 trillion to total assets under management (AUM) and total membership of 53. Japan’s Nippon Life, Sumitomo Life, and Meiji Yasuda Life Insurance announced their membership, committing to net-zero portfolios by 2050 and establishing interim targets every five years in line…

13 October 2021

Net-Zero Insurance Alliance breaks ground in Africa and Asia as it expands in Europe

13 October 2021—In the run up to the UN Climate Change Conference in Glasgow (COP26), the Net-Zero Insurance Alliance (NZIA) convened by UN Environment Programme’s Principles for Sustainable Insurance Initiative (PSI) has expanded its membership, announcing today five new members from Africa, Asia and Europe as part of its efforts to build a global alliance.

6 October 2021

Net-Zero Banking Alliance and Center for Climate-Aligned Finance announce collaboration

The industry-led, UN-convened Net-Zero Banking Alliance is pleased to announce a new collaboration with the Centre for Climate-Aligned Finance. The collaboration is designed to harmonize, develop and implement climate alignment methodologies for financial institutions, focused on sectoral decarbonisation. The Center and the Alliance have a shared ambition for excellence in the pursuit of common goals…

30 September 2021

Swiss and French insurance associations become Net-Zero Asset Owner Alliance supporters

The UN-convened Net-Zero Asset Owner Alliance today welcomed the French and Swiss insurance associations as supporting partners. The Swiss Insurance Association (SIA) said in a statement that the long-term orientation of their members’ business models makes it virtually incumbent on insurers to help drive forward sustainability. In their investment policy in particular, the SIA’s member…

30 September 2021

4 examples of best practice to sustainably finance the maritime transportation sector

With the Zero and Low-emission Innovation Forum – co-hosted by the IMO and UNEP – having been held this week, the transformation of the maritime transportation sector is taking centre stage this autumn. In this article we look at some of the leading examples of best practice in social and environmental sustainability across the maritime transportation sector which banks, insurers and investors can seek out.

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

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 fostering rapid and deep…

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.