UNEP FI Signatories based in the Latin American and Caribbean (LAC) region are included in UNEP FI’s Working Group for LAC, which comprises of more than 60 financial institutions based in the region. These financial institutions have committed to the Principles for Sustainable Insurance (PSI) and/or the Principles for Responsible Banking (PRB) as well as the UNEP Statement of Commitment on Sustainable Development. The Working Group provides our members based in the LAC region with an adequate exchange platform and a forum for regional collaboration, knowledge-sharing efforts and discussions on region-specific sustainability priorities in the financial sector. UNEP FI has established a cross-sectoral network for capacity building in the region and works with a variety of supporting institutions which can be viewed in the specific country profiles section.

Governance/Representation Latin America and Caribbean: 

The region is represented by the following elected members on the Global Steering Committee:

  • Mauricio Velasquez (Banking 2021-23) who serves as Principal executive of the Environmental and Climate Change Department at CAF (Latin American Development Bank)
  • Patricia Coimbra (Insurance 2019-21) who oversees Human Resources and acts as Sustainability Director for SulAmerica Seguros (Brazil)

LAC representatives on the Banking Board:

  • Celina Pafilla Meardi, CEO of Banco Hipotecário de El Salvador (El Salvador)
  • Ricardo Cuesta, CEO of Produbanco Grupo Promerica (Ecuador)

LAC representatives on the Civil Society Board:

  • Annelise Vendramini, Sustainable Center at Fundacao Getulio Vargas (Brazil)

LAC representatives on the Insurance Board:

  • Tomas Carmona, Head of Sustainability at SulAmérica Insurance, Life and Pension (Brazil)

SDG Fund in Suriname, Barbados, Grenada, St. Vincent and Grenadine:

UNEP FI accords to one of the agencies presently involved in two joint projects under the Sustainable Development Goals (SDG) Fund in the Caribbean region. The SDG fund is an innovative instrument to incentivize transformative policy shifts and stimulate the strategic investments required to get the world back on track to meet the SDGs. The joint SDG Fund hence, is an integral part of the reform of the UN’s development work by providing the “muscle” for a new generation of Resident Coordinators and UN Country Teams to accelerate SDG implementation. UNEP FI’s involvement in the region particularly includes a joint project in Suriname tailored towards the development of a National Roadmap for a Sustainable Financial System to reorient the flow of international and local resources towards more inclusive and gender responsive sustainable actions. Furthermore, UNEP FI is part of a joint programme aimed towards fostering resilient economic recovery and growth in Eastern Caribbean States (Barbados, Grenada and St. Vincent and the Grenadines) by utilising the concept of Blue Economy as a key driver.

UNEP FI Regional Activities in Latin America and Caribbean: 

Regional activities are aligned with UNEP FI’s global work programme and include network-building initiatives to foster knowledge sharing, awareness-raising and engagement with relevant regional stakeholders in sustainable finance and capacity building, through workshops and online training courses.

UNEP FI’s Latin American and Caribbean regional membership agenda is based on national inputs and member feedback to establishing a long-term sustainable finance agenda. This agenda utilises the current regional context and progress achieved so far as a foundation for changing finance to finance change. Our work will build on ongoing activities and national agendas which will contribute to a country-specific approach to bring our members’ objectives to the forefront.

We are committed to continuously expand our network by mobilising financial institutions that are committed to the values of sustainable finance in the banking, insurance and investment industries. The Latin American and Caribbean Regional agenda places a strong focus on membership engagement both across industries and in various thematic workstreams. In this regard, we are seeking to increase regional interconnectivity through events in which members can communicate in person, strengthen member and network interaction, while also increasing our value proposition through the organizational incorporation of ESG issues and understanding of how future environmental and risk factors can affect portfolios.

Key initiatives in Latin America and Caribbean for 2021:

Regional Roundtable (virtual edition) to be hosted on 31st August and 1st-2nd September

Training and professional development: 

Training activities were initiated in 2005, in Latin America when the first “Country Workshop on Environmental & Social Risk” for risk managers and analysts in corporate, investment and retail banking was held. With time UNEP FI’s training programme has grown to offer a range of tailor-made training modules on sustainable finance topics in Spanish, English and French. UNEP FI has a range of training offerings, both online and in-person workshops.

For further information on each of these products, please consult the Sustainable Finance Training section.

For upcoming events in the region, please consult the UNEP FI Events section.


Financial institutions based in Latin America and Caribbean which are UNEP FI Signatories


Maria Sosa Taborda , Regional Coordinator / Coordinador Regional

Johan Lopez, North America Regional Coordinator / Coordinador regional de América del Norte


10 June 2022

Towards a common language: the urgent need to build a common framework of sustainable finance taxonomies in Latin America and the Caribbean.

Seven organizations from Latin America and the Caribbean (LAC) join forces to develop a common framework for sustainable finance taxonomies for the region. The common framework seeks to guide, increase and make transparent the alignment of investments that support the transition to a low-carbon and climate-resilient economy. The main objective is to give a strong signal to the financial market on where to direct its investments.

23 September 2021

UNEP FI Regional Roundtable Latin America and Caribbean 2021: Highlights

The UNEP FI Regional Roundtable for Latin America and Caribbean was held virtually from 31 August – 2 September 2021, and welcomed 1100+ participants and 40+ speakers to help define the role of banking, insurance and investment in shaping ambitious responsible and sustainable strategies to proactively address the challenges and opportunities of a green recovery whilst…

22 October 2019

UNEP FI Regional Roundtable Latin America and the Caribbean 2019: Highlights

UNEP FI’s fourth Regional Roundtable on Sustainable Finance in 2019 for the Latin America and Caribbean region took place last week, with more than 330 delegates from 16 countries in attendance. The two-day event, held in São Paulo on 14-15 October, was co-organised with the Brazilian Federation of Banks (FEBRABAN), and featured a mix of…

11 October 2018

UNEP FI Peer-to-Peer Exchange opens up new ways for members to interact

The first in-person exchange, including banks from all over Latin America held in Sao Paulo on 1 and 2 October  proved to be a great success. The two days gave visiting and host banks an opportunity to share and gain knowledge on different topics related to sustainable banking. The participants included hosts FEBRABAN, Santander Brasil,…

3 September 2018

UNEP FI’s Expanding Network in Latin America & the Caribbean

Our network keeps expanding, as three banks and one supporting institution join UNEP FI (English) During the month of August, we welcomed three banks and one supporting institution as new members of UNEP FI in Latin America and the Caribbean. BNF (Banco Nacional de Fomento), BANESCO, Multibank and the institution CECODES (Consejo Empresarial Colombia para…

10 July 2018

Brazilian monetary authority approves new ESG requirements in the investment rules of occupational pension funds

On May 25th 2018, the Brazilian National Monetary Council (CMN) published Resolution CMN 4.661/2018, which revised the norm that governs occupational pension funds’ investments. The new norm requires pension funds’ asset managers to consider environment, social and governance (ESG) risks as part of their investment decision making process. This regulatory improvement was one of the…

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23 August 2022 | Santiago, Chile

Principios de Banca Responsable: Transformando las Finanzas, Acelerando el Cambio

UNEP FI, together with the Finis Terrae University and the Association of Banks and Financial Institutions (ABIF) will organize an in person workshop on "Principles of Responsible Banking: Transforming Finance, Accelerating Change", which will take place in Spanish on 23 August at 8:30am at the 50 club in Chile.

7 June 2022 | Online seminar

Sustainable Finance Taxonomies: A framework to facilitate low-emission and climate- resilient investment in Latin America and the Caribbean

This virtual seminar will officially launch the Working Group on Sustainable Finance Taxonomies in Latin America and the Caribbean (LAC) and its 2022-2023 work plan. Leaders from countries and international institutions will discuss how this new framework will facilitate low-emission and climate-resilient investment in the LAC region.

26 March - 1 October 2021 | Online

Integrating climate-related financial risks in the Eastern Caribbean

The United Nations Environment Programme – Finance Initiative (UNEP FI), the French Development Agency (AFD), Eastern Caribbean Central Bank (ECCB) and the Organisation of Eastern Caribbean States (OECS) delivered a series of  Online Training Workshop on “Integrating climate-related financial risks” aimed at the Eastern Caribbean region from March to October. The training was conducted in English through a series of webinars.

25 March - 31 May 2021 | Webinar

Series of webinars on Climate Change and the Financial System in Chile

The Ministry of Finance, through the Green Finance Board of Chile, organized a series of webinars on Climate Policy in Chile and potential effects for the financial system from March to May 2021. The first webinar was held on Thursday March 11 at 10:30 am.

2 February 2021 | Webinar

Webinar sobre ‘Cambio Climático y TCFD: Riesgos y Oportunidades para las Aseguradoras en España y América Latina’

Webinar on 'Climate Change and TCFD: Risks and Opportunities for Insurers in Spain and Latin America. UNEP FI, the Inter-American Development Bank (IDB) and FINRESP co-organized a webinar on “Climate Change and TCFD: Risks and Opportunities for the Insurance Sector in Spain and Latin America ”on 2nd February 2021. The webinar was delivered in Spanish with simultaneous translation in English.

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Cómo los bancos incorporan el cambio climático en su gestión de riesgos

This report aims to present the survey results of “How the Banks of Latin America and the Caribbean (in Spanish, ALC) incorporate climate change in their risk management,” which aligns with the first global initiative exploring what regional banks are doing to integrate dimensions of climate change in their strategy and management.