Partnership between United Nations Environment and the global financial sector to promote sustainable finance
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 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…
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 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…
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,…
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…
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,…
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.
Download our report providing a pathway for financial institutions to start setting biodiversity targets in 9 critical sectors, and contribute to halting and reversing the biodiversity crisis.
The Principles for Responsible Banking provide the much-needed framework for the sustainable banking system of the future – and enable the banking industry to demonstrate how it makes a positive contribution to society. They have been developed by a core group of 30 banks from five countries, and are designed to guide any bank –…
The aim of this Roadmap is to set a vision and lay the groundwork to establish a comprehensive and far-reaching sustainable finance strategy contributing to the Agenda 2030 and towards the objectives of the Paris Agreement. This Roadmap is ambitious in terms of Luxembourg’s contributions to sustainable development and climate action, it is forward looking…
Outputs of a working group of 16 banks piloting the TCFD Recommendations Part 2: Physical-related risks and opportunities This report is the result of a collaboration between sixteen of the world’s leading banks with UN Environment Finance Initiative (UNEP FI), and climate risk and adaptation advisory firm Acclimatise. The banks set out to develop and…
Assessing and reporting on the transition to a low carbon economy is a key area of interest for public- and private-sector banks. In the months preceding the United Nations climate change conference in Paris in 2015, many of the world’s leading banks made commitments to either decrease the financing of “climate problems” or increase the…
Outputs of a working group of 16 banks piloting the TCFD Recommendations Part I: Transition-related risks and opportunities This report is the result of a collaboration between sixteen of the world’s leading banks with UN Environment Finance Initiative (UNEP FI), and management consultancies Oliver Wyman and Mercer to pilot scenario-based assessments of transition-related risks and…
El presente estudio realizado por la Iniciativa Financiera de ONU Medio Ambiente (UNEP FI) y CAF – Banco de Desarrollo de América Latina, muestra el esfuerzo realizado por las instituciones de la banca nacional e internacionales que operan en Ecuador, las cuales integran prácticas de sostenibilidad en sus operaciones, apoyando de esa forma la transición…
El presente estudio realizado por la Iniciativa Financiera de ONU Ambiente (UNEP FI) y CAF – Banco de Desarrollo de América Latina, muestra el esfuerzo realizado por las instituciones de la banca nacional y de bancos internacionales que operan en Argentina, en su camino hacia el desarrollo sostenible. La muestra de estudio representa aproximadamente el…
The ‘Drought Stress Testing Tool’ enables banks to assess if a client may be at risk from drought and how drought can affect a sector or region. A clearer understanding of the risk associated with droughts can help build more resilient financial institutions, and by shifting finance to less vulnerable sectors and regions, economies can become…
El presente estudio realizado por la Iniciativa Financiera de ONU Ambiente (UNEP FI) y CAF – Banco de Desarrollo de América Latina, muestra el esfuerzo realizado por las instituciones de la banca nacional y de bancos internacionales que operan en Chile, en su camino hacia el desarrollo sostenible. La muestra de estudio representa aproximadamente el…