New York, 18 July 2018 – The event “SDG Country Plans: A Roadmap to Private Investment”, organized by the United Nations Environment Programme Finance Initiative (UNEP FI), the United Nations Global Compact, the Principles for Responsible Investment (PRI), the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and the Permanent Missions of […]
Finance sector commits to working together to develop Sustainable Finance Roadmaps for Australia & New Zealand Finance sector organisations – including banking, insurance and investment industries, representing over 300 institutions with $10 trillion in assets – have today released a joint statement in support of a sustainable financial system for Australia and New Zealand.
Geneva, 23 July, 2018 | The consultation version of “Rethinking Impact to Finance the SDGs”, a Position Paper and Call to Action prepared by the Positive Impact Initiative, is now available for feedback. The Positive Impact Initiative is delighted to release the consultation version of “Rethinking Impact to Finance the SDGs”, for review. In sharing this […]
As part of implementing its first legislative package on sustainable finance, the European Commission has recently announced a Technical Expert Group (TEG) on Sustainable Finance and has appointed UNEP FI as an observer to the Group. The main tasks of the TEG will be to assist the Commission in the development of: an EU taxonomy […]
18 July 2018
Responsible investing is widely understood as the integration of environmental, social and governance (ESG) factors into investment processes and decision-making. ESG factors cover a wide spectrum of issues that traditionally are not part of financial analysis, yet may have financial relevance. This might include how corporations respond to climate change, how good they are with […]
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.
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 […]
4 July 2018 (French below) The Fiduciary Duty in the 21st Century programme – launched in 2016 by United Nations Environment Programme Finance Initiative (UNEP FI), the Principles for Responsible Investment (PRI), and the Generation Foundation – will collaborate with Finance for Tomorrow to publish a France roadmap for sustainable finance. This roadmap will set out […]
‘Ireland’s Fiduciary Duty Roadmap’ report provides clear recommendations on policy and market changes required to achieve full ESG integration into core areas of investment practices. These guidelines were published in advance of new EU Directive for pension funds. In June 2018, United Nations Environment Programme Finance Initiative (UNEP FI), the Principles for Responsible Investment (PRI), and […]
Pensions, by their very nature, have to be sustainable. After all, they’re supposed to provide a measure of long-term certainty in an uncertain world. Much of the world’s working population counts on this basic premise as they seek to build a nest egg for later life. Rather than stash their cash under the mattress, they […]
After a year-long global consultation involving insurance industry leaders, mayors and other local government leaders, and key stakeholders, the Insurance Industry Development Goals for Cities were launched in Montréal on 22 June at the ICLEI World Congress 2018. The goals set the global agenda for the industry and cities in the context of economic, social and environmental sustainability—or sustainable development.
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 […]
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 […]
At the UK Green Finance Summit in São Paolo on April 26th, Marcelo Seraphim, UNEP FI/PRI Senior Policy Consultant, stressed the importance of a broad adoption of stewardship codes by the Brazilian financial market. This is in line with the recommendations set out in the report Fiduciary Duty in the 21st Century and with the […]
On May 24th the European Commission released its first legislative package under its Action Plan for Sustainable Finance, including proposals on a sustainable taxonomy and investor duties. The Commission aims to make the financial sector a powerful actor in fighting climate change and meeting the sustainable development goals by further aligning the industry with the […]
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 […]
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 […]
Twenty-six leading banks from 5 continents representing USD 16 trillion in assets are re-defining banks’ purpose and business model to align the sector with the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement. Both the UN Sustainable Development Goals (SDGs) and the Paris Agreement on climate change have set ambitious targets to deliver […]
Latin America’s largest insurance market declares support for promoting dialogue on practical and effective ways to meet the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures Brazil has made an unprecedented commitment to climate risk transparency by becoming the first insurance market in the world to declare its commitment to […]
We are pleased to announce three high-level appointments to UNEP Finance Initiative’s Global Steering Committee. Ms. Brandee McHale, Director of Corporate Citizenship at Citi and the President of Citi Foundation in the USA has taken up the position of Co-Chair of the Global Steering Committee. Ms. McHale will Co-Chair the Committee with Dr. Christian Thimann, […]