Partnership between United Nations Environment and the global financial sector to promote sustainable finance
The Guidance on Biodiversity Target Setting is designed for PRB signatories, allowing banks to take a systematic approach to setting and achieving biodiversity targets. The guidance presents three real-life case studies, and includes a detailed how-to guide and has been developed by 30 PRB signatories, UNEP FI, UNEP-WCMC and the Science-based Targets Network (SBTN).
Based on the market-first practical guidance for financial institutions, Turning the Tide, UNEP FI’s recommended exclusions list for a sustainable blue economy provides financial institutions with an overview of activities to exclude from financing due to their damaging impact on the ocean and high risk.
UNEP FI’s Property Working Group has partnered with the Center for Active Design and BentallGreenOak (BGO) to conduct the largest health and wellness study of global real estate investment managers.
The Guidance on Financial Inclusion and Financial Health Target Setting supports signatory banks in their efforts to set targets in line with the requirements of the PRB.
The Guidelines for Climate Target Setting for Banks outline key principles to underpin the setting of credible, robust, impactful and ambitious targets in line with achieving the objectives of the Paris Agreement.
UNEP FI has partnered with MinterEllison to examine the impact of litigation in adaptation finance and address some of the challenges in scaling up adaptation capital identified in the GCA Adaptation Finance Paper published in 2019. This collaboration led to the publication of “The Forgotten Climate-related Financial Risk: Liability Impacts on Adaptation and Adaptation Finance“ in April 2021. This high-level briefing…
UNEP FI has partnered with EIT Climate-KIC to bring the Thought Leadership Series, which presents papers from some of the world’s leading thinkers to help guide the financial sector towards a sustainable future. Our aim is to inspire financial actors worldwide to move from risk to alignment, challenge current assumptions around climate alignment and develop ideas…
A practical guide for financial institutions to lead a sustainable ocean recovery This seminal guidance is a market-first practical toolkit for financial institutions to pivot their activities towards financing a sustainable blue economy. Designed for banks, insurers and investors, the guidance outlines how to avoid and mitigate environmental and social risks and impacts, as well…
The Climate Risk Landscape: Mapping Climate-related Financial Risk Assessment Methodologies provides a summary of the key developments across third party climate risk assessment providers since May 2019, including new and updated scenarios, methodological tools, key guidelines, as well as an overview of the changing regulatory landscape and potential developments into 2021. This report covers both…
Pathways to Paris’ is a practical guide for financial practitioners looking to understand and apply climate scenarios. Co-authored with the Center for International Climate Research (CICERO), a world-renowned research institution on climate and climate finance, the report examines the driving assumptions and sectoral coverage of the models used to produce climate scenarios, as well as…
‘Decarbonisation and Disruption’ highlights the ways in which many sectors are exposed to transition risk. If not properly managed, a disorderly transition could have major ramifications for financial stability. Financial institutions need to not only prepare for the transition along with their counterparties but must have the right tools for risk assessment. This paper was…
UNEP FI is continuing its partnership with EIT Climate-KIC to bring some of the world’s leading thinkers to contribute to a series of thought leadership papers. Our aim is to inspire financial actors worldwide to move from risk to alignment, challenge current assumptions around climate alignment and develop ideas and concepts on how alignment can…
The Guidance on Gender Equality Target Setting delivers a practical example of what a gender equality target can look like, providing guidance on the different elements of setting targets in line with the requirements of the PRB, and what alignment with international and national frameworks can look like.
The Rising Tide report maps the current state of ocean finance revealing trends in lending, underwriting and investment activities which impact the ocean. It reveals the frameworks and financial instruments that are successfully addressing ocean sustainability and highlights new opportunities and gaps in the market. It looks across five major ocean-linked sectors chosen for their established…
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…
This report analyses the climate change related risks countries in the Arab region are facing such as water scarcity, rising sea levels, drought, land degradation and desertification. It sheds light on the existing strategies and policies on climate adaptation and mitigation in the region, and emphasizes the importance of sustainable finance resources in transitioning to…
22 leading insurers and reinsurers from across the globe worked with UNEP FI to develop the first comprehensive guidance for the insurance industry to identify and disclose the impact of climate change on their businesses. This report represents the largest collaborative effort by market participants to pilot some of the most challenging recommendations of the…
The UN-convened Net-Zero Asset Owner Alliance has released the Inaugural 2025 Target Setting Protocol after consultation on the draft, issued in October 2020. The Alliance is a group of 33 of the world’s largest investors that have committed to reducing carbon emissions in their portfolio – worth over $5.1 trillion in AUM – to net-zero…
In the recovery from the global coronavirus pandemic, government spending and recovery packages will play a pivotal role in underpinning economies, jobs and people’s livelihoods. These measures, already in the trillions of dollars, need not only to be effective in restarting the economy, but also in creating a sustainable economy of the future. This includes…
In the last year, the world has seen an unprecedented acceleration towards a net-zero economy. Governments, companies, financial institutions, cities and regions are joining forces and ‘racing to zero’, aiming to entirely transform the energy system – in just three decades. To date, more than half of the world’s GDP, or almost USD 46 trillion,…