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…

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.

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…

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

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.

29 June 2021

Mark Carney urges banks to commit to tackling climate change and join the Net-Zero Banking Alliance

In an interview with ITV News, Mark Carney, UN Special Envoy on Climate Action and Finance, urged international lenders to join the Net-Zero Banking Alliance before COP26 begins in Glasgow in November. “The question for those institutions is to get themselves in a position so they can make these commitments,” Mr Carney says. “And, to be clear, these are serious commitments. You are committing to net zero, you’re committing to show how you are going to get there.”

10 June 2021

Islamic Finance and the Principles for Responsible Banking

Pioneering Islamic Finance and Principles for Responsible Banking Report Launched by the Islamic Finance Council UK (UKIFC), in partnership with Malaysia based International Shari’ah Research Academy for Islamic Finance (ISRA) and the Global Ethical Finance Initiative (GEFI). The report provides an analysis of responsible banking in the Islamic finance sector, assessing the level of engagement with the Principles for Responsible Banking (PRB) amongst banks in Organisation of Islamic Cooperation (OIC) member states and analysing the approaches used by 9 Islamic finance signatories.

26 January 2021

26 banks test the application of the EU Taxonomy to core banking products

UNEP FI and the European Banking Federation (EBF) have launched a unique report assessing the extent to which the EU Taxonomy on Sustainable Activities could be applied to core banking products for labelling or disclosure purposes. This report is the result of a project with 26 major banks, seven banking associations and five observing organisations…

12 January 2021

World’s Young Bankers Compete to Solve Climate Emergency

The 2021 edition of the Young Banker of the Year Competition, the most prestigious annual event for leading young bankers, was launched today by the Chartered Banker Institute, and is supported by United Nations Environment Programme Finance Initiative (UNEP FI). This year, for the first time in its 30 plus years history, the competition will be truly global, with the Chartered Banker Institute inviting nominations from its 30,000 members, and more widely across the globe from individuals and international banking institutions (including building societies, credit unions and fintechs).

20 October 2020

Calling civil society groups to join Principles for Responsible Banking advisory body

Principles for Responsible Banking is first finance sector initiative to put into practice signatories’ commitments to robust accountability and broad engagement with establishment of Civil Society Advisory Body Signatories to the Principles for Responsible Banking commit to proactively consult with their stakeholders and to be transparent about and accountable for their positive and negative impacts…

24 September 2020

Transition Check: New Online Tool to Assess Transition Risk

UNEP FI and Oliver Wyman launch ‘Transition Check’, a web-tool that takes a scenario-based approach for assessing transition risk. 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…