Climate change is increasingly impacting our ecosystems, with disruptive effects on the social well-being, economic development, and financial stability of current and future generations. Transitioning global economies to support greener, more resilient communities requires rapidly reducing greenhouse gas emissions worldwide to prevent devastating global temperature increase, while at the same time adapting global consumption and production patterns to the physical impacts of climate change.
For financial institutions to become catalysts of this economic transition, they need to understand the commercial risks and opportunities and know how to act on them. Through building coalitions such as the Net-Zero Asset Owner, Insurance and Banking Alliances, and developing research and guidance to implement frameworks such at the Task Force on Climate-related Financial Disclosures, UNEP FI helps financial institutions manage the risks and identify the opportunities linked to climate change.
On the other hand, governments and regulators need to understand the roles, potentials, and policy-needs, of financial institutions and how they can help steer the finance sector to become an enabler of change. As the interface between the financial industry and world governments, UNEP FI is uniquely positioned to help policy makers and the finance sector deliver the net-zero transition, fulfil the goals of the Paris Agreement, and build a low-carbon future.
Read more about our game-changing work and contact Remco Fischer, UNEP FI Climate Lead, to find out how your company can get involved.