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).

17 November 2020

TCFD for Banks

UNEP FI TCFD Banking Pilot Projects  NEW for February 2021: UNEP FI’s TCFD Banking programme has launched 3 new papers relating to scenario analysis, recommendations on integrated assessment models, tools, the changing regulatory landscape as well as potential developments in 2021. Decarbonisation and Disruption: Understanding the financial risks of a disorderly transition using climate scenarios…

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…

21 September 2020

UN Principles for Responsible Banking – One Year On: Progress on Impementation

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

8 September 2020

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 – 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…

3 June 2020

BLOG: After the Pandemic, what are the Opportunities and Challenges for the Circular Economy?

There is growing momentum to ensure the recovery from the global pandemic shifts the economy to a more sustainable model and enables the transition to a circular economy post-2020. In their blog, Jan Raes, a circular economy finance expert who drafted our study Demystifying Circular Economy Finance, supported by Aliyorbek Muminov in UNEP FI’s Secretariat,…

2 April 2020

UNEP FI launches new holistic impact analysis tools for the finance sector

2 April 2020 – UN Environment Programme Finance Initiative’s (UNEP FI) Positive Impact Initiative (PII) has launched two new tools for corporates, banks and investors to work together and step up their capacity to deliver on the Sustainable Development Goals (SDGs). With millions of people affected in their daily lives across the globe by the…

24 March 2020

Principles for Responsible Banking update: More than 170 banks worldwide now committed to aligning their business strategies with society’s goals

A total of 171 banks from around the world have now signed UNEP FI’s Principles for Responsible Banking: each one making a commitment to far-reaching change as they realign their businesses with the goals of the Paris Agreement on Climate Change and the Sustainable Development Goals. This is a significant increase from the 130 founding…