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…

气候风险概览:气候风险评估方法综述

《气候风险概览:气候风险评估方法综述》报告提供了2019年5月以来第三方气候风险评估服务提供商的主要发展情况,介绍了新开发的和更新的情景(scenario)、方法工具、关键指引;概述了监管环境和要求的变化以及2021年金融机构应关注的趋势和挑战。 下载中文

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…

Guidance on Gender Equality Target Setting

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: 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…

Inaugural 2025 Target Setting Protocol

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…

Net-Zero Asset Owner Alliance position on the Coronavirus Recovery

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…

Sectoral Pathways to Net-Zero Emissions

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,…

Collective Commitment to Climate Action: Year One in Review

The Collective Commitment to Climate Action (CCCA) is an 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 well-below…

Guidance on Reporting and Providing Limited Assurance

The Reporting Guidance supports signatories of the PRB with reporting on their implementation of the Principles. The Guidance for Assurance Providers: Providing Limited Assurance for Reporting aims at assisting assurance providers with undertaking limited assurance on PRB reporting, and at harmonizing the assurance approach and procedures for signatory banks.

Alliance Thermal Coal Position

Our foundational commitment as members of the United Nations-convened Net-Zero Asset Owner Alliance (the Alliance) is to fully decarbonize our portfolios to contribute to global efforts to avoid a global average temperature increase above 1.5°C, consistent with our fiduciary duty. This will be achieved by inducing reductions of greenhouse gas emissions from companies in which…

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…