Turning the Tide: How to Finance a Sustainable Ocean Recovery

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

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: A practical guide to climate transition scenarios for financial professionals

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: Understanding the financial risks of a disorderly transition using climate scenarios

‘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…

Aligning Finance for the Net-Zero Economy: Thought Leadership Papers 3 & 4

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 Rising Tide: Mapping Ocean Finance for a New Decade

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…

Promoting Sustainable Finance and Climate Finance in the Arab Region

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…

Collective Commitment to Climate Action: Year One in Review

The Collective Commitment to Climate Action (CCCA) is the most ambitious global banking sector initiative supporting the transition to a net zero economy by 2050. It brings together a leadership group of 38 banks from across all six continents who have committed to align their portfolios with the global climate goal to limit warming to…

Beyond the Horizon: New Tools and Frameworks for Transition Risk Assessments from UNEP FI’s TCFD Banking Programme

Beyond the Horizon: New Tools and Frameworks for Transition Risk Assessments from UNEP FI’s TCFD Banking Programme Thirty-nine global financial institutions from six continents participated in UNEP FI’s second TCFD banking programme. Through this yearlong engagement, the participating banks collaborated with climate risk experts and each other to improve financial assessments of transition risk. In…

Climate Risk Applications: Guidance and Practices

From Disclosure to Action: Applying TCFD principles throughout financial institutions Recent reports from the Network for Greening the Financial System (NGFS) and the Commodities Futures Trading Commission (CFTC) indicate how the financial sector has increasingly recognized climate risk as a financial risk. Financial institutions must respond to the threat of climate change by identifying, assessing,…

Financing Circularity: Demystifying Finance for the Circular Economy

There is an urgent need to transition to economies that embed circularity and are aligned with global sustainable consumption and production goals. Financial institutions have a critical role to play and can take practical steps to finance the transition. UNEP’s report Financing Circularity: Demystifying Finance for the Circular Economy outlines how the financial sector can…

UNEP FI and IIF’s “TCFD Report Playbook”

UNEP FI and the Institute of International Finance (IIF) have developed a TCFD Playbook to serve as a resource for firms at different stages of their TCFD journey, with support from EY. The organisations conducted a joint initiative to assist banks and other financial institutions in their efforts to strengthen climate risk disclosures by convening…

Good Growth Partnership: Year Three Highlights Report

This 3-year progress report provides an update on how the Good Growth Partnership is cultivating sustainability in commodity supply chains, The Good Growth Partnership convenes a wide range of stakeholders and initiatives throughout soy, beef and palm oil supply chains to reduce deforestation and enable sustainable development. It joins forces with national and regional leaders…

Using hindsight and foresight: Update from the TCFD Pilot Project for Insurers

Using hindsight and foresight: Enhancing the insurance industry’s assessment of climate change futures Over the past eight months, 22 leading insurers and reinsurers from across the globe (“the pilot group”) have been collaborating under the auspices of UN Environment Programme’s Principles for Sustainable Insurance Initiative (PSI) to explore and pilot methodologies that insurers can use towards implementing the recommendations of the Financial…

Charting a New Climate: TCFD Banking Programme Report

Charting a New Climate: State-of-the-art tools and data for banks to assess credit risks and opportunities from physical climate change impacts Charting a New Climate is 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,…

2 September 2020

Aligning Finance for the Net-Zero Economy: Thought Leadership Series

UNEP FI has partnered with EIT Climate-KIC to develop a series of thought leadership papers that aims 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 best be achieved. We hope to encourage stakeholders that a proactive climate…

Climate Thought Leadership

Five years after the Paris Agreement, and with calls by the IPCC for urgent action in the coming decade to prevent climate change catastrophe, 2020-21 has been billed as a key year for climate action. The COVID-19 crisis that has accompanied this year marks a point of transformation for the economy and society: it has…

Cómo los bancos incorporan el cambio climático en su gestión de riesgos

This report aims to present the survey results of “How the Banks of Latin America and the Caribbean (in Spanish, ALC) incorporate climate change in their risk management,” which aligns with the first global initiative exploring what regional banks are doing to integrate dimensions of climate change in their strategy and management.