The Africa and Middle East Working Group of the UN Environment Programme Finance Initiative includes 27 financial institutions that are signatories of the UNEP Statement of Commitment on Sustainable Development and/or the Principles of Sustainable Insurance (PSI).

The group works with regional and local members and partners in Africa and the Middle East, and the subsidiaries of international organisations, to disseminate and communicate UNEP FI’s work, and contribute to delivering global projects such as tools and research to support sustainability in the financial sector.

The group works with local partners to deliver awareness raising and capacity building events around social and environmental risks and opportunities for financial institutions to help drive sustainable development in the real economy.

Further activities in the region include: network-building in order to facilitate sharing of information and best practice between financial institutions; engagement with relevant stakeholders in the sustainable finance space in the region; providing access to UNEP FI industry and thematic outputs; workshops and online training courses.

UNEP FI engages with stakeholders that are relevant to sustainable finance in the region, including regulators, in particular central banks; banking associations; local sustainability networks and policy makers.

The Africa and Middle East Working Group was the first regional group within UNEP FI to be set up following the UN World Summit on Sustainable Development that took place in 2002 in Johannesburg, South Africa.

Training, professional development and knowledge management

UNEP FI has a range of training offerings, both online and in workshop format, covering several themes. For further information on each of these services, please visit the Sustainable Finance Training section.

Insight, news and tools to help financial institutions based in the Arab region build resilience to climate change is available on the new knowledge platform: Financing the Climate Transition in the MENA.

Members

Financial institutions based in Africa and the Middle East which are UNEP FI Signatories

Supporting institutions

 

Regional Coordinators
Middle East & North Africa (MENA)
Nuran Ashraf Atef

Sub-Sahara Africa
Reuben Muhindi Wambui

20 January 2021

New report sheds light on sustainable financing in Arab region and provides policy recommendations

A new report provides the first in-depth analysis of  sustainable finance practices in a part of the world most vulnerable to the effects of climate change: the Arab region. Issues such as water scarcity, rising sea levels, drought, land degradation and desertification will have serious repercussions for food, energy and water security in this area. Implementing the Sustainable Development Goals – in particular those that help deal with the interlinked water-energy-food challenges – will be key to build resilient, fairer economies.

11 April 2019

UNEP FI Regional Roundtable Africa and Middle East 2019: Highlights

UNEP FI’s first Regional Roundtable on Sustainable Finance for 2019 took place in Cairo this week with more than 220 delegates and speakers. We opened with a first, holding an event that brought together insurers from all over MENA – the Principles for Sustainable Insurance Market Event for Egypt. Hosted by the Financial Regulatory Authority…

20 June 2018

Arab African International Bank (AAIB) in Egypt joins UNEP FI

The AAIB joined UNEP FI in April this year becoming the second member from Egypt to join our global sustainable finance network. For many years, the bank has been active in embedding sustainability practices in their business and in the industry. Hassan Abdalla, CEO of AAIB said in a statement that “The UNEP FI is bound…

18 June 2018

Blog: A path to sustainable cocoa and forest restoration in Côte d’Ivoire

    Part of UNEP FI’s work in ecosystems management includes creating investable models for investors, as well as providing knowledge, and imparting insight for private finance to contribute to sustainable land use projects. Côte d’Ivoire has the fastest rate of deforestation in the world, much of which is caused by the cultivation of cocoa, a commodity that is a big contributor to the economy. Thomas Yapo, UNEP FI’s Economics and Finance Consultant for Africa writes about…

5 April 2018

Green Finance Study to take place in Ghana

In line with one of the proposed Ghana Banking principles of promoting customers to integrate Environmental Social Governance (ESG) in their business, UNEP FI through colleagues at the Partnership for Action on Green Economy (PAGE) is undertaking a study to assess the level of integration of sustainability in the business sector’s operations, value chains and…

12 September 2017

Tawreeq Holdings endorses the Positive Impact Manifesto and the Principles for Positive Impact Finance

  UNEP FI is pleased to welcome the 23rd financial institution to join the Positive Impact Initiative. Tawreeq Holdings Limited, with subsidiaries in the UAE and Luxembourg, specializes in comprehensive Supply Chain Finance (SCF) solutions for Small and Medium-size Enterprises (SMEs) and their corporate clients across the MENA region. These solutions are made available through…

6 July 2017 | Casablanca, Morocco

Positive Impact Initiative African Launch

UNEP FI and Casablanca Finance City are pleased to anounce the regional launch of the Positive Impact initiative and the Principles for Positive Impact Finance, held in Casablanca on July 6th 2017.

3 March 2017

UNEP FI and Ecobanking Project Deliver ESRA Training to Financial Institutions in Zambia

UNEP FI and Ecobanking Project partnered with the International Trade Centre (ITC), the African Guarantee Fund for Small and Medium Enterprises (AGF) and the Nordic Development Fund (NDF) to deliver a series of Environmental and Social Risk Analysis (ESRA) training sessions designed for financial institutions in Zambia. The training sessions – which focus on environmental and…

27 January 2017

Jordan Ahli Bank becomes first bank in Jordan to join UNEP FI

The Jordan Ahli Bank joined UNEP FI in January, thus becoming the first bank in Jordan to be a part of the initiative and the second to join from the country. Recognising its environmental and social responsibility, Ahli Bank has incorporated management policies that resonate with environmental standards and has been a pioneer in making…

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8-31 March 2021

Workshops: Climate Risks and TCFD for banks in Egypt and Tunisia

For banks in Egypt and Tunisia, join our series of workshops that will provide you with a better understanding of physical and transition risks as well as climate risk methodologies and tools to strengthen your bank’s resilience and help implement the recommendations of the Task Force on Climate-related Financial Disclosures.

14-15 July 2020 | Webinar

Webinar on Climate Risks and TCFD: Focus on Middle East and Africa

This 2-part webinar organized by UNEP FI will explore the dynamics of climate risks and opportunities for businesses, including the significance and impact of climate risks with a focus on institutions in Middle East and Africa. Further, it will cover the implementation of climate risk initiatives and programs, with a deep-dive on the Task-Force for Climate-Related Financial Disclosures (TCFD) framework.

29-30 April 2019 | Lagos, Nigeria

UNEP FI Principles for Sustainable Insurance Africa Market Event in Nigeria

The 2nd Africa Market event will be held in Lagos, Nigeria. UNEP FI and Principles for Sustainable Insurance(PSI) are organizing the event. The purpose of the now-annual PSI Africa Market Event is to bring together leading practitioners and thinkers within the African insurance ‘ecosystem’ to share experiences and ideas relating to the creation of a growing, resilient, sustainable, responsible and profitable African insurance sector.

29 January 2019 | Johannesburg

New Guide to Empower Banks To Assess Natural Capital Risk Launching in South Africa

Johannesburg will see the African launch of the world’s first step-by-step guide to help banks conduct a rapid natural capital risk assessment by the Natural Capital Finance Alliance (NCFA).  The guide is produced in collaboration with global audit firm PricewaterhouseCoopers. The guide has already been piloted by five banks, including FirstRand Group and the Development Bank of Southern Africa and promotes the use of the…

10-11 April 2019 | Cairo, Egypt

Regional Roundtable for Sustainable Finance in Africa and Middle East

The UNEP Finance Initiative Regional Roundtable in Africa and Middle East will be held on the 10th and 11th of April 2019  at the Nile Ritz-Carlton in Cairo, Egypt. The biennial Regional Roundtable will bring together UNEP FI members and sustainable finance practitioners for two days of insights into advances in sustainable finance. The event will…

16-17 April 2018 | Johannesburg, South Africa

Shaping the sustainable insurance agenda in Africa

This April, we’re going back to Johannesburg for another pioneering event—the first PSI Regional Market Event for Africa. The aim is to shape the sustainable insurance agenda in Africa across the insurance industry’s triple role in sustainable development as risk managers, insurers, and investors. Key sustainability challenges and opportunities that will be covered include the insurance protection gap, social and financial inclusion, and the resilience and sustainability of cities, infrastructure, and food and agriculture systems.

29 November 2017 | Johannesburg, South Africa

Presentation and Launch of the Positive Impact Initiative

UNEP FI is pleased to announce the upcoming presentation and regional launch of its Positive Impact Initiative in Johannesburg, South Africa, on 29th November 2017, which will be hosted by the Johannesburg Stock Exchange (JSE), the oldest and largest stock exchange in Africa.

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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…

Fiduciary Duty in the 21st Century – South Africa Roadmap

The PRI, The Generation Foundation and UNEP FI have launched a series of roadmaps as part of the Fiduciary Duty in the 21st Century initiative. The publications are the culmination of extensive consultation with regulators, investors, policy makers and attorneys across the countries. They make a series of recommendations to enable the market-wide adoption of…

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