Climate change is referred to by leading economists as the greatest market failure in human history, with potentially disruptive implications on the social well-being, economic development, and financial stability of current and future generations: conservative estimates see unabated climate change leading to global costs equivalent to losing in-between 5 to 20% of global gross domestic product (GDP) each year, now and forever.

As a result, public and private decision-makers around the world are faced with the dual imperative of:

  • Significantly – and rapidly – reducing greenhouse gas (GHG) emissions worldwide, by decarbonizing the global economy, in order to prevent the mean global temperature increase from reaching dangerous levels
  • Adapting global consumption and productions patterns, lifestyles, and the underlying supply-chains, to the physical – meteorological, hydrological – impacts of climate change that are now unavoidable

The finance sector, lying at the heart of today’s global markets, faces the same challenges, but it also is presented with the vast financial opportunities associated with overhauling economies towards climate-compatibility:

  • On the one hand, new risks – recently categorized into transition-, physical, and liability-risks –  need to be understood, identified, assessed, managed, and eventually disclosed on, by institutions across financial industries.
  • On the other hand will the transition to low-carbon and climate-resilient economies require additional investment at an order of magnitude of at least USD 60 trillion, from now until 2050; and that investment will require financing which, in part, will have to be provided by financial institutions: USD 35 trillion to decarbonize, through renewable energy and energy efficiency, the world’s energy system; another USD 15 trillion to adapt manmade infrastructure to changing meteorological conditions; and another 2 USD trillion to reorganize global land-use is ways that meet growing demands for agricultural commodities while stopping tropical deforestation.

For financial institutions to not only weather changing risk landscapes but for them to also become determined enablers and catalysts of the climate economic transition, a number of conditions need to be met: FIs need to understand the commercial risks and opportunities implied, and know how to act on them. Legislators and regulators, including financial regulators, on the other hand, need to understand the roles, potentials, and policy-needs, of financial institutions; they also need to know how they can help steer the finance sector to become an enabler, rather than inhibitor, of the climate economic transition.

As the interface between the financial industry and world Governments, UNEP FI is uniquely positioned to help meet those conditions. It does so through a number of programmes and activities, designed, implemented, and overseen, by its Climate Change Advisory Group (CCAG).

  • Energy efficiency taxonomy and green tagging: EEFIG launches call for expressions of interest

    The Energy Efficiency Financial Institutions Group (EEFIG), jointly convened by the European Commission and UNEP FI, has launched a call for expressions of interest for the first working group it is setting up in its third phase: the working group on the input on energy efficiency to the emerging EU sustainable finance taxonomy and on […]

  • Climate Success at COP24: after intense negotiations new rulebook breathes life into Paris Agreement but much more decarbonisation ambition needed

      On Saturday, following two weeks marked by dramatic rhetoric and intense negotiations over legal language, close to 200 Governments bridged a deep global divide and agreed on the set of rules meant to steer countries worldwide in implementing the historic 2015 Paris Agreement on climate change. UNEP FI’s Climate Lead, Remco Fischer gives more […]

  • At COP24: Group of 415 investors call on world leaders to address climate change

    Global investors today called on governments around the world to step up action to address climate change. 415 investors, with $32 trillion in assets-under-management, are behind the call-to-action as signatories of the 2018 Global Investor Statement to Governments on Climate Change.   The ‘Global Investor Statement’ reaches global leaders as the United Nation’s COP24 global […]

  • UNEP FI working with 16 global insurers to better understand risk & implement TCFD recommendations

    UN Environment’s Finance Initiative (UNEP FI) announced today a partnership with 16 of the world’s largest insurers—representing around 10% of world premium and USD 5 trillion in assets under management—to develop a new generation of risk assessment tools designed to enable the insurance industry to better understand the impacts of climate change on their business. This understanding is vital for an industry whose core business is to manage risk.

  • 400 investors launch joint global Investor Agenda for climate action

    Partner organizations launch first-of-its-kind global agenda, to demonstrate and accelerate investor-led action critical to achieving goals of the Paris Agreement

  • TCFD Recommendations: guidance for banking industry to manage physical risks and opportunities now available

    Sixteen leading banks convened by the UN Environment Finance Initiative (UNEP FI) and supported by climate risk advisory firm Acclimatise, have released new methodologies that aim to help the banking industry to understand and manage the physical risks and opportunities of climate change in their loan portfolios.

  • 288 investors with more than $26 trillion in assets call on world governments to scale up climate action to achieve the goals of the Paris Agreement

      QUEBEC, 4 JUNE 2018 – As leaders gather in Canada for the 2018 G7 Summit, 288 institutional investors with $26 trillion in assets under management urged governments to step up their ambition and action to achieve the goals of the Paris Agreement, support investment in the low-carbon transition, and improve climate-related financial disclosures. “The […]

  • Blog: The World Is Counting on Banks To Deliver Climate Finance. Counting Their Progress Is No Easy Feat

    The Portfolio Carbon Initiative – a collaboration between World Resources Institute (WRI), UNEP Finance Initiative and 2 Degrees Investing Initiative – have published Exploring Metrics to Measure the Climate Progress of Banks to provide insight into which metrics banks can use to report on the extent to which their activities help or hinder the transition […]

  • UNEP FI グローバルの16 署名銀行がTCFDに関する銀行業界向けのガイドを公表

    ジュネーブ(2018年4月24日)| 国連環境金融イニシアティブ(UNEP FI)の署名機関である16の大手銀行は、気候変動と気候に関する行動がビジネスにどのような影響を与えるかについて銀行の理解を深めるために、共同で開発した手法を発表しました。


  • Extending our Horizons: Assessing Credit Risk and Opportunity in a Changing Climate

    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 […]

  • 16 UNEP FI member banks launch first guidance to help banking industry adopt TCFD Recommendations

      Geneva, 24 April, 2018 | Sixteen leading banks from four continents, convened by the UN Environment Finance Initiative (UNEP FI), today published a jointly developed methodology to increase banks’ understanding of how climate change and climate action could impact their business. This understanding is fundamental to enable banks to be more transparent about their exposure […]

  • Leading investors partner with UN to boost climate transparency by piloting Task Force for Climate-related Financial Disclosures recommendations

                UN Environment Finance Initiative (UNEP FI), together with nine investors representing close to US$ 3 trillion have formed a leadership group to promote action on climate transparency by the investor community. They will work with UNEP FI towards a first set of climate-related investor disclosures in alignment with the […]

  • The Investor Agenda: Accelerating action for a low-carbon world

      The Investor Agenda will bring together and promote the key actions that investors around the world are taking to meet the goals of the Paris Agreement and manage the risks of climate change. UNEP FI and six of its strategic global Partners – Asia Investor Group on Climate Change, CDP, Ceres, Investor Group on Climate Change, Institutional Investors […]

  • Blog: Argentina announces energy efficiency as priority for its G20 presidency

      19th December, 2017 UNEP FI has been engaging with the new Argentinian G20 presidency via the G20 Energy Efficiency Finance Task Group, of which UNEP FI is part of the secretariat. In his latest blog, UNEP FI’s Martin Schoenberg reports on the importance Argentina is placing on the role of energy efficiency continuing the […]

  • CDPQ, Sarasin and SURA join Portfolio Decarbonization Coalition: Members now oversee more than US$800 billion in decarbonization strategies

    12 December, 2017 In the latest demonstration of institutional investors’ commitment to taking action on climate change, asset owner La Caisse de dépôt et placement du Québec (CDPQ), as well as asset managers Sarasin & Partners and Latin America-based SURA Asset Management have today joined the United Nations’ Portfolio Decarbonization Coalition (PDC). With the addition of […]

  • Portfolio Decarbonization Coalition: 3rd annual progress report details benefits of low-carbon approach

    The third annual report from the Portfolio Decarbonization Coalition (PDC) examines the progress made by its members in assessing and taking investment action on climate-related risks and opportunities, and by extension, in decarbonizing capital allocation and portfolio design worldwide. It provides an introduction to the coalition, and an overview of the decarbonization approaches and strategies […]

  • Christiana Figueres challenges UNEP FI’s banking members and wider industry to cut high-carbon investing

    Former Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), Christiana Figueres, laid down a challenge to the banking industry during UNEP FI’s recent Europe Roundtable when she joined as a surprise guest via live video conference. Christiana, who was one of the architects of the Paris Agreement reached at COP21 in […]

  • The Emissions Gap Report 2017 and the 1 Gigaton Coalition Report

      Two major reports were launched in October 2017 by UN Environment and the 1 Gigaton Coalition.   The eighth edition of UN Environment’s Emissions Gap report, released ahead of the UN Climate Change Conference in Bonn, finds that national pledges only bring a third of the reduction in emissions required by 2030 to meet […]

  • Blog: How a focus on investing in energy efficiency to achieve Paris Climate Agreement goals is transforming the Mexican energy sector

    The Mexican economy has traditionally been strongly driven by revenues from fossil fuels. The Paris Climate Agreement and a realisation in Mexico that new and clean sources of energy and energy savings will reduce volatility and enable a more precitable domestic energy system have triggered a fundamental transformation of the Mexican energy sector, writes UNEP […]

  • Rabobank joins 12 leading banks to pilot recommendations of Task Force on Climate-related Financial Disclosures

    5 September, 2017 We are pleased to announce that UNEP FI member, Rabobank, is the latest to join twelve other first-mover banks working together to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The leading Dutch Bank has already halted financing of unconventional energy extraction such as shale gas, and no […]

  • Norway’s DNB is twelfth leading bank to join UNEP FI’s TCFD implementation pilot project

    31 July 2017 We are pleased that UNEP FI member, DNB, has become the twelfth leading bank to join our pilot project to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). This follows the announcement in early July that eleven of UNEP FI’s banking members not only welcomed the recommendations but […]

  • Blog: Investing in Energy Efficiency gets a boost at G20 Hamburg summit

    Energy efficiency has been sitting at the core of sustainability discussions within the G20 for several years, and has emerged as a key consensus area across the G20 countries. UNEP FI’s Martin Schoenberg provides his take on what the recent G20 summit means for energy efficiency investment going forward, and the role of the G20 Energy […]

  • UPDATED: 16 UNEP FI Member Banks Representing Many Trillions of Dollars are First in Industry to Jointly Pilot the TCFD Recommendations

    31 October, 2017: Update – 16 banks now form the UNEP FI TCFD pilot project. 11 July, 2017 Eleven of the world’s leading banks announced on 11 July, 2017 that they will work together with UNEP FI to develop analytical tools and indicators to strengthen their assessment and disclosure of climate-related risks and opportunities. Following […]

  • EEFIG Underwriting Toolkit provides common framework to boost energy efficiency investment

    The Energy Efficiency Financial Institutions Group (EEFIG) Underwriting Toolkit launched on June 22nd 2017, during the EU Sustainable Energy Week in Brussels. EEFIG is a partnership between UNEP FI and the European Commission. The report provides a common framework for financial institutions, project developers and hosts of energy efficiency projects such as companies and consumers to […]

  • UNEP FI responds to the US withdrawal from the Paris Agreement

    “There is incredible momentum on climate action from individual states, cities, the private sector and citizens. A single political decision will not derail this unparalleled effort” said UN Environment Head, Erik Solheim in response to the US decision to withdraw from the Paris Climate Agreement. You can read his full statement later in this article […]

  • G20 Energy Efficiency Investment Toolkit presented at Clean Energy Ministerial in China

    The 8th Clean Energy Ministerial in China saw the Asian launch of the G20 Energy Efficiency Investment Toolkit to a packed audience of policy-makers, cleantech entrepreneurs, investors and financiers. The Clean Energy Ministerials are senior-level meetings dedicated to accelerating the global clean energy transition. The Asian launch was was organised by the G20 Energy Efficiency Finance Task […]

  • G20 Energy Efficiency Investment Toolkit highlights US$ 221 billion investment opportunities

      According to the International Energy Agency’s analysis, more than USD 221 billion is being invested annually into energy efficiency improvements in buildings, industry and transport in the G20 economies. More than half of this investment is into the buildings sector. UNEP FI has contributed to the G20’s Energy Efficiency Investment Toolkit, which provides guidance on […]

  • BLOG: G20 Energy Efficiency Investment Toolkit marks culmination of three years of UNEP FI engagement with the G20

     G20 Energy Efficiency Finance Task Group Rapporteur Peter Sweatman presenting the Toolkit at the G20 Energy Efficiency Forum in Hamburg The G20 Energy Efficiency Investment Toolkit marks the culmination of three years of UNEP FI engagement with the G20. Public and private sector financial institutions are increasingly tackling the energy efficiency investment opportunity by sharing […]

  • New York State Pension Fund joins Portfolio Decarbonization Coalition

    January 24, 2017 In the latest demonstration of institutional asset owners’ commitment to climate action, New York State Common Retirement Fund, the third largest public pension fund in the US with $184.5 billion in assets, has joined the Portfolio Decarbonization Coalition. The Common Retirement Fund is the first major US pension fund to join the Coalition’s 28 […]

  • Task Force on Climate-Related Financial Disclosures: Draft Recommendations Report out 14th December

      The Task Force on Climate-Related Financial Disclosures (TCFD) released its draft Recommendations Report in December 2016. The initiative – set up by the Financial Stability Board – will develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. The task force launched a […]

  • Blog from Cop 22 Part II: A Tale of Two Cities

    A Tale of Two Cities: Progress and Challenges on the Road from Paris to Marrakech In his second blog on COP 22, the climate conference that took place in Marrakech from 4 -16 November 2016, UNEP FI Climate Change Officer, Remco Fischer asks what was accomplished in Morocco, and summarises UNEP FI’s contribution.  In the […]

  • Blog: News from Climate COP22 Part I

    The Good, The Bad, and the Unknown UNEP FI round-up: developments and outcomes from the first week of the 2016 intergovernmental climate conference in Marrakech, Morocco (COP22) by Remco Fischer, Climate Change Programme Officer. The good Last year’s climate meeting in Paris, COP 21, has been widely praised as historic for two reasons: it was […]

  • G20 Energy Efficiency Finance Task Group (EEFTG) 2016 Activity Report

    In 2016, G20 nations adopted a new long-term strategy for energy efficiency, the Energy Efficiency Leading Program, emphasizing the key role of finance. The topic was also highlighted in the Leaders Communiqué and embedded in the Synthesis Report of the G20 Green Finance Study Group. In parallel, through the mobilisation launched by UNEP FI, $4 […]

  • Global stocktaking: How banks finance energy efficiency?

    As part of the Secretariat of the G20 Energy Efficiency Finance Task Group and the only representative of the private financial sector there, UNEP FI has been leading a global mobilization on energy efficiency finance since COP 21. Currently close to 120 banks from over 40 countries have endorsed the Statement of Financial Institutions on […]

  • Five Chinese banks endorse the Energy Efficiency Finance Statement under the Chinese G20 Presidency

    Facing acute environmental challenges, China has made the greening of its economy a priority and has embraced sustainable finance with a remarkable leap in the green bond market in 2016. Energy efficiency is recognized a key measure to reduce emissions of greenhouse gas and other pollutants. In 2015, financial authorities issued credit guidelines to stimulate […]

  • PDC to award research prize on aligning investment portfolios with a low carbon economy

    Investors and financial regulators are increasingly aware of the risks associated with a changing climate. In a recent speech to the insurance industry, the Governor of the Bank of England warned of huge losses faced by investors exposed to these risks. These risks are twofold. Firstly, there are those posed by climate change itself, through […]

  • Workshop in China: Enhancing Financial Flows for Energy Efficiency in the Building Sector

    Under the Chinese presidency and in the context of its work in the G20 Energy Efficiency Finance Task Group Secretariat, UNEP FI organized a workshop on Enhancing Financial Flows for Energy Efficiency in the Building Sector in China, with the support of SWITCH-Asia. Held on April 15th back to back to the G20 meeting on […]

  • New Report: Head of UNEP calls for scaled-up renewable energy in Africa at launch

    Smart public policies are key to powering up sub-Saharan’s Africa’s clean energy potential, said the head of UNEP Achim Steiner while unveiling UNEP FI’s latest report in Nairobi Tuesday. Financing Renewable Energy in Developing Countries: Drivers and Barriers for Private Finance in sub-Saharan Africa outlines how current obstacles to renewable energy solutions in Africa can […]

  • Webinar: Energy efficiency taxonomy and green tagging: Participate in first EEFIG working group

    This webinar will help financial institutions understand the main topics and process for applying to participate in the first working group set up by the Energy Efficiency Financial Institutions Group (EEFIG) in its third phase: the working group on the development of an EE taxonomy and green tagging to inform the EU´s Sustainable Finance Technical Expert Group (TEG).

  • UNEP FI at COP24

    Climate negotiators from around the globe are meeting in Katowice, Poland at COP24 to keep working towards implementing the Paris Climate Agreement. UNEP FI will be taking part in the  following events:

  • Webinar: From TCFD to SDG Finance – Next Steps in Sustainable Finance

    UNEP FI has pioneered work on Positive Impact finance, and TCFD implementation for investors, banks and insurers. Join this webinar to hear from the leaders at UNEP FI about the next steps in financing the Sustainable Development Goals, TCFD implementation, and how the bigger picture in sustainable finance is evolving.

  • Insurance & Climate Risk Americas: The insurers role in avoiding the next big source of systematic risk in the financial system

    This one-day conference brings together the investment, risk, actuarial and underwriting teams to discuss and learn what roles they can play in response to the multidimensional effect of climate risk to their businesses as well as the opportunities it may bring. UNEP FI’s Butch Bacani, Programme Leader of the Principles for Sustainable Insurance, will deliver a keynote presentation on climate change action and sustainable development in the context of the insurance industry, financial regulation and global policy frameworks. Discount available for UNEP FI members.

  • VfU/UNEP FI Roundtable on Sustainable Finance

    Discuss sustainable organisation, sustainable business, and sustainable communications in light of the European Action Plan on Sustainable Finance on 12-13 September, 2018 in Munich, Germany at one of the biggest gatherings in the German-speaking sustainable finance field.

  • Webinar: Hear from participants in UNEP FI’s pilot implementing TCFD Recommendations with 16 banks

    This Webinar will discuss the results 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 test a widely applicable scenario-based approach for estimating the impact of climate change on their corporate lending portfolios as recommended by the Recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). Hear directly from the banks, climate consultants and UNEP FI secretariat involved in this project.

  • Webinar: Learn more about the first guidance to help the banking industry adopt the TCFD Recommendations

    Sixteen banks working in collaboration with UNEP FI, risk and investment management experts, and leading scientists have recently published a jointly developed methodology that will enable banks to be more transparent about their exposure to climate-related risks and opportunities, in line with the Task Force on Climate-related Financial Disclosures (TCFD).

    Join this webinar to hear more about the methodology for scenario-based assessment of risks and opportunities from the transition to a low-carbon economy.

  • Financing for efficient buildings: Learning from G20 and GlobalABC

    In order to realise the objectives of the Paris Agreement and the energy transition, the global building stock needs to be made zero emission, efficient and resilient. As the world adds the equivalent of the floor space of the city of Paris in new construction every week, there is an urgent challenge to bring together those who finance this large amount of new construction with the policy-makers who can enable new construction finance to evolve towards zero emissions.

  • Financing energy efficiency in Greece and Cyprus

    This event, organised by the European Commission in partnership with UNEP FI and the Greek Ministry of Environment and Energy aims to share best practices from Greece and Cyprus as well as further countries on how energy efficiency investments can be financed, including through private sources of capital.

  • BrightTalk ESG summit: UNEP FI on Climate Disclosure, Fiduciary Duty & Energy Efficiency Investment

    In partnership with the BrightTalk ESG summit, UNEP FI will be presenting updates on three work streams related to the implementation of the Paris Agreement and the SDGs. Financial institutions have a key role to play in implementing the world’s agreed goals.

  • Bloomberg Future of Energy Summit: Green Tagging for Energy Efficiency Finance High-Level Roundtable

    UN Environment’s Finance Initiative, in collaboration with Climate Strategy & Partners, is organising a high-level roundtable on green tagging for energy efficiency finance as a side event to the Bloomberg Future of Energy Summit.

  • Sustainable Investment Forum Europe: Financing Innovation for a Low Carbon Future

    Building on the success of its Forum in New York, Climate Action is bringing the Sustainable Investment Forum to Europe in March 2018 in partnership with UNEP FI.
    The European Forum will welcome 250+ high-level decision-makers from the finance community, European governments and think tanks to meet, network, share ideas and discuss concrete solutions to the current challenges of the European and global climate finance market.

  • Energy efficiency in buildings: how to accelerate investments?

    This high-level conference will take stock, two years after COP 21, of the significant committments by banks and investors on energy efficiency and identify ways to scale up energy efficiency investment. The event will culminate in a high-level segment with UNEP FI member CEO representation and occurs the day before the summit organised by the French President on the Paris Agreement.

  • UNEP FI at COP23 in Bonn, Germany

    This year’s global Conference of the Parties of the UN Framework Convention on Climate Change (‘COP23’) will take place in Bonn, Germany, from 6 – 17 November. UNEP FI and partners are building a strong presence at COP23, via a number of events and platforms.

  • Webinar: Deployment of Energy Efficient Mortgages in Europe

    The European Union’s Energy Union Framework Strategy includes energy efficiency as one of its five dimensions and states it is to be considered as an energy source in its own right. The ambitious Paris climate agreement also underlines the importance of energy efficiency. To realise its full potential, public funds will not suffice and private financing will have to be unlocked on a large scale. This webinar, organised in partnership with the European Commission, will discuss the use of energy efficient mortgages in Europe.
    Register by 22 September 2017.

  • UNEP FI Member Webinar: Energy Efficiency Financial Institutions Group – Consultation on the Third Phase

    The Energy Efficiency Financial Institutions Group (EEFIG) is a partnership between UN Environment Finance Initiative and the European Commission to scale up energy efficiency financing and investment. This webinar for UNEP FI members is to seek your views on the future development of EEFIG, which will enter its third phase in 2018.

  • Financing Energy Efficiency in the Republic of Ireland and the United Kingdom

    The event aims to share best practice from the Republic of Ireland, the UK and further afield on how energy efficiency can be financed through private funds and innovative financing instruments, notably in the building and SME sectors. Speakers will focus on practical experience in developing, structuring and financing energy efficiency investment programmes.

  • Webinar: Energy Efficiency Initiative and Work Plan for European members (Members Only)

    This members-only webinar highlights UNEP FI’s work plan for the European region and discusses expectations for and from the members. The discussion will then focus on the Energy Efficiency initiatives in Europe and opportunities for membership involvement.

  • Climate week 2017 “Sustainable Santiago – together against climate change”

    UNEP FI will be participating in the Climate week 2017 “Sustainable Santiago – together against climate change” that will take place in Santiago de Chile from 13 to 16 June 2017. This event is being organized by the Foundation Konrad Adenauer, the Ministry of Environment, along with other partners and collaborators. The event will have several panels, throughout the week. On June 16th, UNEP FI will be part of a panel on “Sustainable Finance” with a focus on Sustainable Construction Financing, along with Banco Santander Brazil.

  • Financing Energy Efficiency: The Key Role of Standardisation and Benchmarking

    This webinar, organised by the European Commission in partnership with the UN Environment Finance Initiative, will discuss the role of standardisation and benchmarking in order to facilitate access to finance for energy efficiency investments.

  • Third Stakeholder Meeting of the EMF-ECBC Energy Efficiency Mortgages Initiative

    UNEP FI supports the Energy Efficient Mortgage Initiative launched last year by the European Mortgage Federation- European Covered Bond Council (EMF-ECBC) which will have its third stakeholder meeting and kick off of the Energy Efficient Mortgages Action Plan on June 9.

  • Financing Energy Efficiency in the Nordic Region

    The event aims to share best practice from Denmark, Sweden and Finland on how energy efficiency can be financed through private funds and innovative financing instruments, notably in the building and industry sectors. The event is organised as part of a series of events over three years, seeking to build and support long-lasting action in EU Member States.

  • Financing Energy Efficiency in Central Europe

    Targeting the Czech Republic, Slovakia, Hungary and Austria, this event aims to share best practice from the region on how energy efficiency can be financed through private funds and innovative financing instruments, notably in the building and industry sectors. The event is organised as part of a series of events over three years, seeking to build and support long-lasting action in EU Member States.

  • First 2017 in-person meeting of the Portfolio Decarbonization Coalition

    The members of the Portfolio Decarbonization Coalition (PDC), a UNEP FI-convened platform of 30 leading investors worldwide committed to taking bold portfolio action in response to climate change, are convening this week in Stockholm, at the invitation and under the auspices of Scandinavian pension company Storebrand/SPP, a member of the PDC Steering Committee.

  • Innovative Financial Instruments to Support Private Sector Investments in Energy Efficiency: Experiences and Lessons Learned from the Latin-American and Asia-Pacific Regions

    15-16 November 2016 | Lima, Perú This event aims to promote a dialogue and exchange of experiences among Financial Institutions from Latin America and the Caribbean (LAC) and the Asia-Pacific (APAC) regions about the challenges and opportunities for private investments in energy efficiency to mobilize and deploy adequate and effective financial resources to achieve a […]

  • Outcomes and UNEP FI perspectives and interventions: COP22 in Marrakech

    4-16 November | Marrakech, Morocco
    The first global climate meeting focused on implementing the historic Paris Agreement will take place in Marrakech 7-14 November. This is an overview of upcoming events and activities taking place at, and around COP 22, that UNEP FI members can contribute to.

  • Sustainable Investment Forum

    20 September 2016 | New York, NY, USA

    The Sustainable Investment Forum, organized by Climate Action, will unite 300 stakeholders from national and regional government, international finance, private industry and carbon management sectors for a day of high level discussion and debate during New York Climate Week.
    UNEPFI Members are eligible for a reduced fee.

  • UNEP FI and its role at COP 21

    1-9 December 2015 | Paris, France Significant COP21 events and side events December 1st Financing the Transition to Zero Deforestation Open registration – registration link Financial institutions can play a vital role in addressing the deforestation and degradation risks inherent in the unsustainable production, trade, processing and retail of soft commodities, especially soy, palm oil […]

  • Webinar: Carbon Asset Risk

    26, 27 and 28 August 2015 | Webinar These webinars will explore how financial institutions can measure and manage exposure to carbon asset risk. The webinars will coincide with the public release of the Carbon Asset Risk Discussion Framework, a highly-anticipated resource for financial institutions. The exact timings for this second set of webinars are […]

  • UNEP FI leads on climate change at ‘Climate Finance Week’

    19-22 May | Paris, France Climate Finance Day on 22 May provided a platform for financial institutions to demonstrate leadership on climate change. By showcasing firstly the Portfolio Decarbonization Coalition (PDC) – and secondly the Insurance industry commitments to build disaster resilience and promote sustainable development – UNEP FI continued to demonstrate that it is […]

  • Investor Briefing: Portfolio Carbon

    Relevant Materials   Investor Briefing: Portfolio Carbon Programme Article in the Guardian Press Release         , News   Investment & Pensions Europe All Africa Eco Seed Business Green Environmental Expert Environmental Leader         , Relevant Materials   Programme Article in the Guardian Press Release         ,19 […]

  • UNEP FI’s delegation and events at COP18

    UNEP FI at the UNFCC 18th Conference of Parties (COP 18)26 November – 7 December 2012 | Doha, Qatar ,In the arena of the international climate change negotiations, UNEP FI has facilitated input from the finance, investment and insurance industries into the UNFCCC process. As part of its activities in this space, UNEP FI offers to […]

  • Launch of Financing Renewable Energy in Developing Countries: Drivers and Barriers for Private Finance in sub-Saharan Africa

    Videos   Video: Financing Renewable Energy     Press Conference at Governing Council View Report   Press release 21 February 2012 | Nairobi, Kenya Smart public policies are key to powering up sub-Saharan’s Africa’s clean energy potential, said the head of UNEP Achim Steiner while unveiling UNEP Finance Initiative’s latest report in Nairobi. In doing […]

  • Outcomes of the Global Climate Change Conference in Durban (COP17)

    Webinar | 30 January, 2012, 14:00 CET UNEP FI is pleased to invite you to join a webinar with leading financial representatives on the recent 17th Conference of Parties to the United Nations Framework Convention on Climate Change (COP17). The recent climate change conference, which took place in Durban, South Africa, is believed to have […]

  • Bridging the public-private divide on climate change – UNEP FI at COP 17

    UNEP FI at the UNFCC 17th Conference of Parties (COP 17)28 November – 9 December 2011 | Durban, South Africa ,The private financial sector must be a central part of the global strategy to address climate change. Not only do financial institutions possess the skills, expertise and resources required to deal with the problem: if […]

  • World’s largest investors step up call for urgent policy action on climate change

    ,Despite the global economic crisis, and increased market volatility, the world’s largest investors gathered under the umbrella of UNEP FI and four other investor groups urged governments and international policy makers to take new and meaningful steps in the fight against climate change in late October. In a joint statement the group of 285 investors […]

  • REDDy-Set-Grow: Part II – Recommendations for International Climate Change negotiators webinar launch

    Press Release   English Version ,,Video of launch of REDDy-Set-Grow Part I Visit the webpage of the launch of the Part I report., 13 September 2011 | Webinar UNEP FI invites you to join an online discussion with leading financial and government representatives to mark the launch of a landmark UNEP FI report on forest […]

  • UNEP FI side-events at UN Climate Change Conference

    7-16 June | Bonn, Germany UNEP FI, in partnership with UNEP, held a series of events in June in parallel to the UN Climate Change Conference in Bonn with the intention of bridging the public-private divide in current efforts to address climate change. While the need to mobilise the private sector – including financial institutions […]

  • REDDy – Set – Grow: Opportunities, risks and roles for financial institutions in forest-carbon markets

    REDDY-Set-Grow video , Press release   Press release ,, 6 May, 2011 | London, UK Leading financial institutions upped the ante on their future role in mitigating climate change as they called for more effective forest-carbon regulations on the occasion of a UNEP FI report launch at the Bank of America Merrill Lynch’s European headquarters […]

  • UNEP FI and PRI joint Webinar: “Investor views on climate policy: From Cancún to Durban”

    Webinar | 22 March 2011, 16:00 GMT While the Cancún Agreements did not provide long-term certainty or a vastly improved climate policy environment, the negotiations did make progress in key areas and reaffirmed the overall policy commitment on climate change. Following on from the 2010 Global Investor Statement on Climate Change this IIGCC, INCR, IGCC, […]

  • Launch of UNEP FI and SBI Study on Climate Information

    , 12 January 2011 | Frankfurt, Germany On the 12th January in Frankfurt, Germany, the new report ‘Advancing adaptation through climate change information services: Results of a global survey on the information requirements of the financial sector’, was launched by UNEP FI and the Sustainable Business Institute (SBI), sponsored by the German Federal Ministry of […]

  • UNEP FI at the UNFCCC COP 16

    , 29 November – 10 December 2010 | Cancun, Mexico From the 29 Nov to the 10 Dec 2010 the world’s governments meet in Cancun, Mexico, to continue a process to enable the full, effective and sustained implementation of the Convention through long term cooperative action. It is hoped that we will see governments and […]

  • World Climate Summit

    4-5 December 2010 | Cancun, Mexico From the 4-5 December 2010 the UNEP Finance Initiative and partners, including the World Bank, the UN Global Compact, the Carbon Disclosure Project and many others, will come together to launch the inaugural World Climate Summit at The Ritz-Carlton, Cancun, Mexico. WCS will be running in parallel to COP16, […]

  • The African Bankers’ Carbon Finance and Investment Forum

    4-5 November 2010 | Johannesburg, South Africa UNEP FI and The African Carbon Asset Development Facility along with signatories Standard Bank and Development Bank of Southern Africa are proud to bring to you The African Bankers’ Carbon Finance and Investment Forum on 4-5 November in Johannesburg, South Africa. In the run-up to the COP16 in […]

  • UNEP FI and PRI joint webinar: Outcomes and implications of the historic UN Climate Change Conference in Copenhagen

    Webinar: 28 January 2010 | 4:00 PM – 5:15 PM GMT In December 2009 world leaders finalised historic negotiations at COP15 in Copenhagen; even though the outcomes remained well below expectations, some progress was made and new ground covered, with potential implications for emissions reductions targets, carbon markets and other instruments, public finance mechanisms and, […]

  • From Cape Town to Copenhagen – UNEP FI brings the finance sector perspective to the decisive Climate Change Summit (COP 15)

    Cape Town toCopenhagenNEWS CENTRE ,, 7-18 December | Copenhagen, Denmark From the 7th to 18th December 2009 the world’s governments meet in Copenhagen, Denmark, to negotiate and hopefully agree on what the global response to climate change and a successor deal to the Kyoto Protocol will look like. All potential outcome scenarios suggest that businesses, […]

  • CCWG side event creates an essential link between international climate change negotiators & the financial world

    , 6 June 2009 | Bonn, Germany UNFCCC June Talks on the run-up to Copenhagen View the webcast of the event. How can carbon markets and the Flexible Mechanisms of the Kyoto Protocol be actually improved to cover so-far neglected countries, project sizes and technology categories? How can technology transfer happen without compromising the vital […]

  • Making Forests Competitive – Practical Solutions for Permanence (UNFCCC COP 14)

    9 December | CoP 14 – Poznan, Poland Seminar followed by networking reception. Forests are biological sinks that permanently stabilise and sequester carbon since the beginning of life on the planet. They have covered vast areas of the earth’s surface for millennia, and to date contain around 60 per cent of the carbon stored in […]

  • Carbon Crunch: Meeting the Climate Change Cost (UNFCCC COP 13)

    , 11 December 2007 | COP 13 – Bali, Indonesia On December 11th, the UNEP FI Climate Change Working Group launched its latest CEO Briefing at COP 13 in Bali. “Carbon Crunch: Meeting the Cost“, analyses the most recent studies on the cost of climate change, the benefits of early mitigation- and adaptation-action, and the […]

  • Adaptation and Vulnerability to Climate Change: The Role of the Finance Sector (UNFCCC COP 12)

    , 15 November, 2006 | COP 12 – Nairobi, Kenya UNEP FI’s CCWG held a side event at the UN Climate Change Conference in Nairobi, marking the launch of its latest report “Adaptation and Vulnerability to Climate Change: The Role of the Finance Sector.” The report is the latest from the Climate Change Working Group, […]

  • The Future of Climate Policy: The Financial Sector Perspective (UNFCCC COP 11)

    ,5 December, 2005 | Montréal, Canada The UNEP FI Climate Change Working Group (CCWG) held a side event at the UNFCCC Eleventh Conference of Parties (COP 11), and first Meeting of the Parties (MOP 1) in Montréal, Canada. The side event marked the official launch of the CCWG’s latest publication, The Future of Climate Policy: […]

  • Finance for carbon solutions: The Clean Development Mechanism from the financial sector perspective (UNFCCC COP 10)

    ,UNEP FI Side Event: United Nations Framework Convention on Climate Change (UNFCCC) Tenth Conference of the Parties (COP 10) 15 December 2004 | Buenos Aires, Argentina UNEP FI launched its CEO Briefing on Finance for Carbon Solutions (PDF: 1.3 MB) at the United Nations Framework Convention on Climate Change (UNFCC) Tenth Conference of the Parties […]

  • Sustainable Energy Finance (SEF) event: Creating the Climate for Change

    ,Creating the Climate for Change 1-2 June, 2004 | Bonn, Germany The following is adapted from the SEF event Communiqué On 1-2 June 2004, the Sustainable Energy Finance (SEF) Event “Creating the Climate for Change” (organized by the Sustainable Energy Finance Initiative (SEFI), a joint initiative between UNEP FI, UNEP Energy and the Basel Agency […]

  • Emissions Trading – The Financial Sector Perspective (UNFCCC COP9)

    ,UNEP FI Side Event: United Nations Framework Convention on Climate Change (UNFCCC) Ninth Conference of the Parties (COP 9) 10 December 2003 | Milan, Italy With the uncertainty of Russian ratification looming over the UN Framework Convention on Climate Change (UNFCCC) Ninth Conference of the Parties (COP 9) in Milan, the UNEP FI Climate Change […]

  • Beyond Kyoto – What next? (UNFCCC COP 8)

    ,UNEP FI Side Event: United Nations Framework Convention on Climate Change (UNFCCC) Eighth Conference of the Parties (COP 8) 30 October 2002 | New Delhi, India Key Documents Emissions Trading Position Paper (PDF: 146 KB) UNEP Press Release: Financial Sector, Governments and Business Must Act on Climate Change or Face the Consequences (PDF: 198 KB) Reuters: […]

  • The Financial Sector and Climate Change (UNFCCC COP 7)

    UNEP FI Side Event: United Nations Framework Convention on Climate Change (UNFCCC) Seventh Conference of the Parties (COP 7) November 2001 | Marrakech, Morocco Key Documents Climate Change Working Group Position Paper – 2001 (PDF: 31 KB) UNEP FI Press Release: Finance sector ready to implement Kyoto Protocol: Multi-billion USD market is waiting (PDF: 20 […]

  • UNEP FI side event at the United Nations Framework Convention on Climate Change (UNFCCC) Sixth Conference of the Parties (COP 6 / Part 2)

    UNEP FI Side Event 18 July, 2001 | Bonn, Germany Key documents UNEP Press Release: Financial sector responding to climate change – impatient with pace of political progress (PDF: 18 KB) Overview UNEP Finance Initiatives held a successful special event at the United Nations Framework Convention on Climate Change 6th Conference of the Parties (COP […]