The annual gathering of governments, private sector and civil society will now be taking place in Madrid, Spain between 2 and 13 December to further action on climate change and implement the promises that were made under the Paris Climate Agreement. Find out what UNEP FI is doing at COP25 to bring the latest climate commitments made by UNEP FI members to the attention of policymakers.
AXA, Aviva, CNP Assurances and Fonds de Réserve pour les Retraites (FRR) announced today they are joining the UN-convened Net-Zero Asset Owner Alliance, raising total assets under management targeting carbon neutrality by 2050 to more than $3.9 trillion. The Alliance is a group of the world’s largest pension funds and insurers committing to fully decarbonise […]
UN Environment Programme’s Emission Gap Report, published today, finds that collective ambition must increase more than fivefold over current levels to deliver the cuts needed over the next decade to achieve the 1.5°C goal. The Intergovernmental Panel on Climate Change (IPCC) has warned that going beyond 1.5°C will increase the frequency and intensity of […]
Building on the outcomes of the G20 Global Summit on Financing Energy Efficiency, Innovation and Clean Technology which was held in Tokyo on June 12 2019, the G20 Energy Efficiency Finance Task Group (G20 EEFTG) has collated leading practices by financial institutions and participating member countries in scaling up the energy efficiency investment market to […]
New York, 24 September 2019. The Global Commission on Adaption estimates over $7 trillion of climate change-related damages over the next ten years. To respond to these challenges, 5 leading banks and investors are committing today to disclose risks and opportunities for their portfolios from the impacts of climate change by 2021. Global financial institutions […]
Asset owners of the UN-convened Net-Zero Asset Owner Alliance have committed to lead the global investment industry in driving economies to carbon neutrality by 2050. Announced at the UN Secretary-General’s Climate Summit on September 23rd, 2019, the Alliance members commit to transitioning their investment portfolios to net-zero greenhouse gas emissions by 2050, consistent with a […]
17 July, 2019, Geneva – A recent United Nations report estimated that it will take $140 to 300 billion to strengthen the resilience of societies and economies to climate change, and reduce the vulnerability of the planet’s natural resources. To accelerate adaptation action around the globe, the Global Commission on Adaptation (GCA) was launched in […]
Tokyo, Japan, 12 June 2019 – At the G20 Global Summit on Financing Energy Efficiency, Innovation and Clean Technology, the CEOs of major pension funds, insurance companies, and senior financiers joined G20 policy-makers in assessing how to close the world´s energy efficiency investment gap. The summit is an official side-event to the 2019 Japanese Presidency of […]
In order for G20 economies to achieve sustainable, low-carbon growth and development, increasing investments into energy efficiency, innovation and broader clean energy technologies is key. The G20 Global Summit on Financing Energy Efficiency, Innovation and Clean Technology will take stock of global finance and investments into energy efficiency, innovation and low-carbon technologies, with the energy […]
Twenty institutional investors from eleven countries convened by the UN Environment Finance Initiative (UNEP FI) today launched comprehensive investor guidance to help assess how climate change and climate action could impact investor portfolios around the world. These assessments enable investors to be more transparent about their climate-related risks and opportunities in line with the recommendations […]
Leading financial institutions and G20 policy-makers will meet to respond to the urgency of scaling up energy efficiency investment to address the world´s clean energy policy objectives at an official side-event to the Japanese presidency of the G20. The International Partnership on Energy Efficiency Cooperation (IPEEC) and United Nations Environment Programme Finance Initiative (UNEP […]
The Energy Efficiency Financial Institutions Group (EEFIG), jointly convened by the European Commission and UNEP FI, has launched a call for expressions of interest for the first working group it is setting up in its third phase: the working group on the input on energy efficiency to the emerging EU sustainable finance taxonomy and on […]
On Saturday, following two weeks marked by dramatic rhetoric and intense negotiations over legal language, close to 200 Governments bridged a deep global divide and agreed on the set of rules meant to steer countries worldwide in implementing the historic 2015 Paris Agreement on climate change. UNEP FI’s Climate Lead, Remco Fischer gives more […]
Global investors today called on governments around the world to step up action to address climate change. 415 investors, with $32 trillion in assets-under-management, are behind the call-to-action as signatories of the 2018 Global Investor Statement to Governments on Climate Change. The ‘Global Investor Statement’ reaches global leaders as the United Nation’s COP24 global […]
UN Environment’s Finance Initiative (UNEP FI) announced today a partnership with 16 of the world’s largest insurers—representing around 10% of world premium and USD 5 trillion in assets under management—to develop a new generation of risk assessment tools designed to enable the insurance industry to better understand the impacts of climate change on their business. This understanding is vital for an industry whose core business is to manage risk.
Sixteen leading banks convened by the UN Environment Finance Initiative (UNEP FI) and supported by climate risk advisory firm Acclimatise, have released new methodologies that aim to help the banking industry to understand and manage the physical risks and opportunities of climate change in their loan portfolios.
QUEBEC, 4 JUNE 2018 – As leaders gather in Canada for the 2018 G7 Summit, 288 institutional investors with $26 trillion in assets under management urged governments to step up their ambition and action to achieve the goals of the Paris Agreement, support investment in the low-carbon transition, and improve climate-related financial disclosures. “The […]
The Portfolio Carbon Initiative – a collaboration between World Resources Institute (WRI), UNEP Finance Initiative and 2 Degrees Investing Initiative – have published Exploring Metrics to Measure the Climate Progress of Banks to provide insight into which metrics banks can use to report on the extent to which their activities help or hinder the transition […]