The Investment Leadership Programme (ILP) is a joint initiative from UNEP FI and the Principles for Responsible Investment (PRI) created to accelerate the pace of collaboration amongst leading investors and boost action on achieving key global sustainability objectives such as the Paris Climate Agreement and the Sustainable Development Goals.


Bringing together ambitious investors to accelerate change across the finance sector

The ILP provides a platform that brings together small groups of leading responsible investors to work on initiatives that are considered leading best-practice, but to-date remain too ambitious for mainstream investment adoption. The ILP will incubate and then bring these initiatives to a point where they can be taken forward by the wider investment community.

Uniting PRI and UNEP FI investment leadership initiatives consolidates action by the investment industry and builds on a 15-year history of collaboration. Investors joining these leading initiatives will gain access to the convening power of the United Nations, the insight and resources of the UN Environment Programme, and the PRI’s extensive track record of actively engaging investors on a wide range of Environmental, Social and Governance considerations.

“This new programme is our response to the urgent need for stronger, collaborative and accelerated action on sustainable development” said Eric Usher, UNEP FI Head. “We are taking our close relationship with PRI a step further and together providing the platform for leading responsible investors to move faster than the mainstream on delivering the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement.” – Eric Usher, Head, UNEP FI

Leading investors can better effect change if they speak to policymakers and their investee companies with one powerful voice. The ILP will enable a collaborative, ambitious style of engagement from responsible investors and, by developing guidance and thought leadership on policy and regulatory change, it will inform investor action to help realise a truly sustainable global economy.” – Fiona Reynolds, former CEO, PRI


Investors can take part in game-changing initiatives

PRI and UNEP FI have agreed criteria that initiatives within the programme will have to meet ensuring each one exemplifies responsible investment leadership and best practice. The UN-convened Net-Zero Asset Owner Alliance and the project jointly convened by The Generation Foundation, PRI and UNEP FI, A Legal Framework for Impact are the first two initiatives to be part of the Programme.


Delivering real world impact across the finance industry

Every initiative will be required to deliver real world sustainability outcomes, for example by engaging regulators to strengthen environmental, social and governance (ESG) regulation or reimagining business practices that prioritise sustainable impact. Working with UNEP FI’s network of banks and insurers through collaborative working groups or developing joint tools, will enable leading investors to work with others to catalyse change across the entire finance industry. Investors will be able to draw on UNEP FI’s work helping financial institutions address the SDG financing gap and manage sustainability impacts.


Providing resources and guidance to help investors drive sustainability action

The ILP is also developing thought leadership pieces and tools that will support responsible investment leadership and demonstrate best practice. It aims to make connections between leading practice and other areas of work and connect investors with policymakers.


 


About UNEP FI and PRI

The ILP builds on a 15-year history of close collaboration and advocacy for responsible investment. UNEP FI convenes the global financial sector (working with more than 450 banks, investors and insurers) to mobilise private sector finance for sustainable development. PRI is the world’s leading proponent of responsible investment with over 4,000 signatories representing in excess of US$100 trillion in assets under management. With deep and intertwined roots, UNEP FI and PRI have launched the ILP to deepen their relationship and to enable accelerated collaboration. The ILP will facilitate opportunities for the finance sector to work in concert to achieve crucial climate and social targets such as the Sustainable Development Goals and Paris Climate Agreement.

In January 2022, UNEP FI and PRI merged their investment memberships to accelerate leadership in sustainable and responsible investment and better serve the investment community and the financial system at large. Investors now have access to leadership projects and initiatives which are part of the ILP, through their membership of the PRI.

For more information please contact UNEP FI Investment Lead, and Director of the PRI-UNEP FI Investment Leadership Programme, Jesica Andrews.

   

 

7 July 2022

Investor Agenda releases new guidance for Investor Climate Action Plans 

July 7, 2022 – Today, the Founding Partners of The Investor Agenda released new guidance to enable investors around the world to step up action to tackle the climate crisis and accelerate the transition to a net-zero economy.  The latest guidance is an accompanying document to the existing Investor Climate Action Plans (ICAPs) Expectations Ladder.…

22 June 2022

Carbon pricing policy instruments need a radical redesign and competent implementation

22 June 2022, Geneva: Ahead of the G7 Leaders’ Summit in Berlin (26-28 June), a new position paper by the UN-convened Net-Zero Asset Owner Alliance argues that carbon pricing must be supported by a mix of policy instruments including international coalitions to provide predictable price signals to businesses and ensure a just and equitable transition…

17 May 2022

One year on, momentum around Investor Climate Action Plans is growing

 By The Rev. Kirsten Spalding (Ceres) Chair and Rahnuma Chowdhury (UNEP FI) Manager for the Investor Agenda ICAPs Working Group The latest warnings from the world’s leading scientists urge us to take swift action if we have any chance to prevent the worst effects of the climate crisis. Notably, the Intergovernmental Panel on Climate Change…

8 April 2022

Escalating energy security crisis underscores imperative for accelerated net-zero transition

A statement from the UN-convened Net-Zero Asset Owner Alliance: As countries face critical choices in their energy strategies, amid heightened geopolitical tension and a rapidly warming climate, governments must ensure that energy security policies are compatible with net-zero scenarios mapped out by the International Energy Agency (IEA) or the Intergovernmental Panel on Climate Change (IPCC).…

7 April 2022

“Change rules of the game,” asks $10.4trn Net-Zero Asset Owner Alliance in new paper on investor action

The UN-Convened Net-Zero Asset Owner Alliance releases a high-level paper outlining a forward-looking, systematic stewardship approach for investors that seeks to mitigate the existential risk of climate change. This stewardship approach focuses on how investors can leverage multiple tools of engagement to support changes to economic realities that align with a transition to a 1.5C…

29 March 2022

Legal Framework for Impact: The rationale for investing for sustainability impact

Investors have both a profound responsibility and a huge stake in the maintenance of a sound financial system. International frameworks set out the plan to preserve and enhance those systems but the global investment sector is currently not holding up its end of the deal. The project "A Legal Framework for Impact" is clarifying the legal responsibilities of investors to consider the sustainability impact of their decision-making and explains how policymakers can deliver legal frameworks that support sustainable economies.

12 January 2022

Investor Agenda highlights best practices from leading global investors

  To generate worldwide momentum that will lead to more institutional investors implementing bold climate action plans, the Investor Agenda published today a set of case studies highlighting the leading best practices for Investor Climate Action Plans (ICAPs). The ten investors featured in the case studies are from 5 continents and include Allianz (Germany), Aware…

17 December 2021

Blog – Legal Framework for Impact: embedding climate action in financial regulation

By Laxmi Aeshwarya Kumar, Project Specialist, UNEP FI, and Freya Bannochie, Policy Analyst, UK, PRI The COP26 summit in Glasgow has brought the climate crisis sharply into focus. In order to deliver on the Paris Agreement, all factions of industry and society must work together to sufficiently limit global warming to 1.5°C. This year’s COP has…

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28 March 2022 | Webinar

A Legal Framework for Impact – Investing for Sustainability Impact in the EU

Presented by the PRI, the session will begin with an overview of the “A Legal Framework for Impact” report followed by a presentation of key findings from the legal analysis of EU jurisdiction and areas of reform. The session will then explore the understanding of investing for sustainability impact in the context of investors’ legal duties,…

22 February 2022 | Webinar

Climate-aligned investing in Africa: risk management & portfolio alignment

This event is the first in a series on Climate-aligned investing in Africa run by UNEP FI. A first step towards adaptation to future climate change is reducing vulnerability and exposure to present climate variability. Significant co-benefits, synergies and trade-offs exist between mitigation and adaptation and among different adaptation responses across sectors.

25 January 2022 | Webinar

Increasing ambition and expanding scope: NZAOA Target Setting Protocol V.2

This webinar, co-hosted by UNEP FI and PRI, brought together leading actors from the U.N.-Convened Net-Zero Asset Owner Alliance to present the second edition of the Alliance Target Setting Protocol (TSP2). The authors of the Protocol discussed key adjustments to the first edition, including: Expansion of asset classes (target setting on infrastructure) More ambitious reduction…

23 March 2022 | Webinar

Private equity, Net-Zero target setting & climate action plans

This Investor Agenda webinar in partnership with Initiative Climat Internationale (ICi), will assess how asset owner capital allocated to private markets can align with Net-Zero goals. With global assets under management in private equity now standing at around $3 trillion, this capital has an essential role to play in achieving climate goals this decade.

7 March 2022 | Webinar

A Legal Framework for Impact – Investing for Sustainability Impact in the UK

Hosted by the PRI, the session will begin with an overview of the report “A Legal Framework for Impact” authored by Freshfields Bruckhaus Deringer, and commissioned by The Generation Foundation, PRI and UNEP FI. A presentation of key findings from the legal analysis of UK investment regulation will follow.

10 November 2021 | Hybrid

Driving Net-Zero Finance Integrity

This COP26 side event will bring together leading experts in the net zero and sustainable finance space to discuss what is needed to align all finance flows with Paris Agreement goals and ensure impact in the real economy.

28 October 2021 | Podcast

Podcast: Shaping a low carbon future – CEO dialogue

In this episode, Charles Emond, CEO of CDPQ and Guy Cormier, CEO of Desjardins address net zero targets, climate risks, greenwashing, systemic change, business opportunities and the energy transition with Nili Gilbert, Chair of the Investment Committee at the David Rockefeller Fund

20 October 2021 | Virtual

Net-Zero Future: Credible Ambition and Pioneering Solutions

Ahead of the G20 Summit and COP26, hear from some of the most important net-zero pioneers who are acting now to decarbonize their portfolios and speaking out about the imperatives, challenges, opportunities and feasibility of doing so.

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Net-Zero Asset Owner Alliance Position Paper on Governmental Carbon Pricing

In this paper, the Net-Zero Asset Owner Alliance calls on policymakers to implement ambitious and reliable carbon prices, to fulfil the Paris Agreement commitments.  To ensure effective implementation of a carbon price policy instrument, the Alliance formulates a list of five design principles: Ensuring appropriate coverage and ambition, Delivering a just transition, Providing a predictable…

One Earth Climate Model: Sectoral Pathways to Net-Zero Emissions

Commissioned by the UN-convened Net-Zero Asset Owner Alliance and the European Climate Foundation, the One Earth Climate Model (OECM) provides a much-needed roadmap for sectoral decarbonization. By clearly defining scope 3 emissions, while avoiding double-counting, the model and the latest results offer detailed and standardised net-zero pathways for 12 industry sectors. This ground-breaking research, led…

Target Setting Protocol Second Edition

Aligned with the very latest IPCC SR15​ no/low overshoot pathways, the Protocol is intended to guide the Net-Zero Asset Owner Alliance’s members in setting more ambitious climate targets. The updates to the Protocol include: • Expansion of asset classes (target setting on infrastructure) • More ambitious reduction range for sub-portfolio targets • Doubling high-emission sector…

Scaling Blended Finance

The UN-convened Net Zero Asset Owner Alliance released the Scaling Blended Finance discussion paper investigating obstacles to investing in climate solutions in emerging markets and arguing that blended finance vehicles can provide the necessary structures to help close the existing funding gaps in climate investment globally. Moreover, the paper lays out the potential solutions for…

Climate Risk and Commercial Property Values

This report provides real estate practitioners and investors support in understanding the physical risks arising from climate change with a specific focus on how these risks affect commercial real estate asset values and prices. It also offers recommendations for next steps by market actors, policy makers and researchers connected with commercial real estate to guide future cross-sector engagement and research.

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…

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