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…

14 June 2022 | Webinar

Net zero high level dialogue for Asia Pacific banks

The Net Zero High-level Dialogue provides an opportunity for leaders to discuss how to prepare their banks for the transition to a decarbonized economy and explore the enablers to set robust climate targets and identify climate financing opportunities.

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…

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

“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…

3 March 2022

What conclusions should financial institutions take from the latest IPCC report?

This week the Intergovernmental Panel on Climate Change (IPCC) launched the second part of its 6th Assessment Report, drawing on seven years of research from peer-reviewed scientists. The report provides an alarming summary of the increasingly devastating impacts of climate change on societies and economies, their vulnerabilities and how we may adapt to inevitable climate…

17 February 2022

UNEP FI responds to Basel Committee on Banking Supervision consultation on its principles for management and supervision of climate-related financial risks

At UNEP Finance Initiative, we believe that the financial sector has a central role to play in managing climate risk and ensuring an orderly transition to a sustainable future, and with our members, we have conducted extensive work on climate-related financial risks and disclosures through our sustainable finance frameworks, net-zero alliances, and TCFD pilot programmes.…

14 February 2022

One year on from commitments on adaptation: lack of risk data and standards delaying progress

In January 2021, UNEP FI and the Global Commission on Adaptation (GCA) came together with ten financial institutions from across banking and investment to commit to disclosing their risks from the physical impacts of climate change. UNEP FI’s Paul Smith reviews the progress made by the group, explains the importance of this commitment, and the issues facing financial institutions trying to accurately disclose their physical risk.

25 January 2022

New protocol binds Net-Zero Asset Owner Alliance to halve portfolio emissions by 2030

The UN-Convened Net-Zero Asset Owner Alliance releases the second edition of its Target Setting Protocol, which guides its 69 asset owner members in setting further ambitious climate targets that align with the very latest IPCC pathways to keep global warming below 1.5°C. ­The growth in scope of the Protocol and its alignment is bolstered for…

12 January 2022

Investor Agenda highlights best practices from leading global investors

  To generate worldwide momentum that will lead to more institutional investors implementing bold climate action plans, the Investor Agenda published today a set of case studies highlighting the leading best practices for Investor Climate Action Plans (ICAPs). The ten investors featured in the case studies are from 5 continents and include Allianz (Germany), Aware…

22 December 2021

The Net-Zero Asset Owner Alliance new year countdown: a review of 2021 and a vision for 2022

The UN-convened Net-Zero Asset Owner Alliance was launched at the UN Secretary-General’s Climate Action Summit in 2019 and only celebrated its second anniversary in September 2021. However, faced with the gargantuan task of decarbonizing their portfolios and the real economy by 2050, Alliance members doubled in 2021 and quickly became leaders in net-zero finance. In…

25 November 2021

BLOG: COP26 – The moment private finance promised to lead

UNEP FI’s Climate Lead, Remco Fischer reviews the outcomes of COP26 and explains why ultimate climate success or failure depends on leadership from the private and the public sectors coming together, synergising, feeding and boosting each other to create a determined drive of economic decarbonisation. He also highlights the important role of the net-zero finance alliances…

11 November 2021

Driving net-zero finance integrity at COP26 – Takeaways from UNEP FI’s blue zone event

On the 10th of November 2021, UNEP FI co-hosted a discussion focused on the steps that financial institutions need to take to align their net-zero targets with credible 1.5-degree pathways, and on the implementation of those targets into business processes and operations. Representatives of UNEP FI’s net-zero finance alliances, Guido Fürer – CIO of Swiss…