UN Website | UNEP Website | UN Website Locator Site Map Contact Us  
 Events
  UNEP FI 2016 Global Roundtable
25-27 October, 2016
Dubai, United Arab Emirates
 
     
  Roundtable: 'Fiduciary Duty in the 21st Century: Focus on Asia'
12-29 July, 2016
Mumbai, Shanghai, Hong Kong
 
     
  Global Launch: Statement into Investor Obligations and Duties
29 June, 2016
Paris, France
 
     
  UNEA Symposium on Mobilizing Sustainable Investments: Making private finance work for sustainable development
25 May, 2016
Nairobi, Kenya
 
     
  Kick-off meeting of Mongolian Green Credit Fund Working Group
23 May, 2016
Ulaan Baatar, Mongolia
 
     
  Environmental Risk and Sovereign Bonds - ERISC II launch event
18 May, 2016
London, UK
 
     
  Sustainable Finance Forum Turkey
11 May, 2016
Istanbul, Turkey
 
     
  French launch of the Sustainable Real Estate Investment Report
20 April, 2016
Paris, France
 
     
  » All Events  
 Training
  Corporate Ecoefficiency in Financial Institutions Online Course
2-20 May, 2016
Language: Spanish
 
     
  » All Events  
 Training & Tools
  Environmental & Social Risk Analysis Online Course
30 May, 2016 -16 June, 2016
Language: English
6 - 24 June, 2016
Language: Spanish
 
     
  Human Rights Guidance Tool for the Financial Sector
1 December, 2014
version
 
     
  Banking Guide

28 September, 2014
version
 
     
  » All Events  

UNEP FI Initiatives

Principles for Sustainable Insurance

Natural Capital Declaration

Sustainable Stock Exchange Initiative Link to SSE Website

Portfolio Decarbonization Coalition
Link to PDC Website

UNEP FI Partners

Principles for Responsible Investment Link to PRI Website

Finance sector to address key sustainability opportunities at UNEP FI Global Roundtable

25 October, 2016

The new 2015 Sustainable Development Goals (SDGs) and Paris Climate Agreement have made it more clear than ever that the finance sector now has a vital role to play in driving sustainable development. This increasing role opens doors to new opportunities for finance institutions, governments and other sustainability players in business and in catalyzing change. The UNEP FI 2016 Global Roundtable (GRT) and Annual General Meeting, to be held in Dubai between 25 – 27 October, will be the ideal opportunity for the finance sector to answer some of the most pressing questions facing the finance world today. Both events are to be hosted by the Ministry of Climate Change and Environment of the UAE with the support of the Central Bank of the UAE.
More details

 

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

21 June, 2016

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 the destruction of infrastructure assets due to extreme weather, for example. Secondly, the risks and opportunities posed by the necessary transition to a low-carbon economy, if we are to avoid the worst effects of climate change. What are the implications for investors if such risks remain largely unexplored?
Against this background, the Portfolio Decarbonization Coalition (PDC) is supporting research projects with potential applications in the field of investment management with a grant of € 12.500 and full access to Trucost’s database. The PDC represents investors worth $3.2 trillion in assets under management (AUM) and oversees the decarbonization of $600bn AUMs. It is the only investor network focused on portfolio design and portfolio level action to adapt to a changing climate.
For more information, visit unepfi.org/pdc/pdc-to-award-research-prize-for-projects-addressing-carbon-risks-at-portfolio-level/

 

VfU, UAB and BASA join as UNEP FI Supporting Institutions

2 June, 2016

UNEP FI has launched a new Supporting Institutions status for players within the financial system who are not financial institutions but nonetheless have a key role in delivering sustainable finance, and who wish to work with UNEP FI to pursue this agenda. UNEP FI is delighted to be welcoming its first three Supporting Institutions from three different regions in the world. The VfU (the leading sustainable finance network for German-speaking financial institutions), the Union of Arab Banks (UAB), and the Banking Association of South Africa (BASA) have formally joined UNEP FI as Supporting Institutions.
View more information about Supporting Institutions.

 

New Publication: ERISC Phase II: How food prices link environmental constraints to sovereign credit risk

23 May, 2016

The ERISC project, short for Environmental Risk Integration in Sovereign Credit Analysis, aims to help financial institutions to integrate environmental risks in their risk assessments and investment decisions by identifying and quantifying how they can affect countries’ economic performance and thereby their cost of credit in the sovereign debt market. The project’s premise is that sovereign credit risk can be materially affected by environmental risks such as climate change, ecosystem degradation, water scarcity, and deforestation.
Phase I showed that environmental risks are material, and quantified this for five countries. In his second phase of research, we focus on food prices as one of the key transmission mechanisms between environmental risks and economic impacts and quantify these impacts for 110 countries. The global food system is vulnerable to changing environmental conditions. Climate change along with land and water scarcity will increasingly affect food production on the supply side. At the same time, demand for food will increase as a result of global population and income growth. The growing imbalance between rising demand for food and the capacity to supply it, will lead to greater variability in food production, higher and more volatile food commodity prices, and a higher likelihood of price shocks.
The results can inform bond investors and credit rating agencies, but also governments looking for ways to reduce economic impacts from environmental risks.

 

UNEP FI co-convenes kick-off meeting of Mongolian Green Credit Fund Working Group

23 May, 2016

UNEP FI, together with the Mongolian Ministry of Environment, Green Development and Tourism (MEGDT), the Mongolian Bankers Association (MBA), Partnership for Action on Green Economy (PAGE), the Global Green Growth Institute (GGGI) and German International Cooperation (GIZ), recently convened the kick-off meeting of the Mongolian Green Credit Fund Working Group. This working group, comprised of representatives from the government, banking sector, local enterprises and development agencies, will serve as the platform for the inclusive development of a national financing framework that spurs lending into green projects. UN Environment Assembly (UNEA) President and Mongolian Parliament member Ms. Oyun Sanjaasuren, in her welcome speech, supported the vision of the working group, saying that a green financing framework will promote investments in environmental protection and human development and finance a green economy - two core objectives of the national Green Development Policy. The kick-off meeting is one of the agreed outcomes of the 2015 Mongolian Sustainable Finance Forum.

 

UNEP appoints Eric Usher as the new Head of UNEP FI

13 May, 2016

We are delighted to announce that the United Nations Environment Programme (UNEP) has appointed Eric Usher as the new Head of the UNEP Finance Initiative. After serving in an interim capacity since 2015, he is stepping into the role permanently to lead the UNEP partnership with over 200 financial institutions world wide with a combined asset size of over USD 63 trillion.
 
Eric brings twenty five years of experience in the sustainable energy and finance sectors, including an entrepreneurial venture in Morocco, financial sector development across emerging markets and responsible investment uptake globally. Please see his bio.

 

UNEP FI and Global Investor Groups Urge World Leaders to Sign and Accede to the Paris Climate Agreement Rapidly

20 April, 2016

48 hours before more than 130 world leaders are expected to travel to New York to sign the Paris Agreement, organisations that collectively represent more than 400 institutional investors with USD 24 trillion of assets under management have called on world leaders to not only sign but accede to the Paris Agreement and implement it into national law as a matter of urgency.
Download a copy of the letter.

 

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

20 April, 2016

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 energy and sustainability, this workshop gathered around 60 participants and allowed for an exchange of experience, best practices and innovative financing solutions between Chinese banks, international development banks, Chinese policy makers and experts.
As part of the workshop, Chinese banks were invited to join the first global mobilization of the financial sector on energy efficiency presented at the Paris Climate Conference by endorsing the Statement by Financial Institutions on Energy Efficiency.

 

China Council for International Cooperation on Environment and Development (CCICED) 2016 Roundtable on Promoting Green Finance and Supporting Local Development

29 March, 2016

CCICED organized a roundtable on Green Finance and Local Government Development at the China Executive Leadership Academy Pudong (CELAP) in Shanghai, China on 29 March 2016. The event brought together over 100 participants from China’s central and local governments, financial institutions, academia, and international organizations.
Among the prominent speakers, the Vice-Minister of China’s Ministry of Environmental Protection and CCICED Secretary General, Mr. Li Ganjie, spoke about China’s 13th Five-Year-Plan and its implications for China’s sustainability agenda. Dr. Jun Ma, the Chief Economist of the Research Bureau of the People’s Bank of China, recommended policies to advance green finance in China, based off CELAP’s green finance research.
UNEP FI was represented by its country coordinator for South Korea, Mr. Dae-Woong Lim. He presented on trends in the green finance sector globally and shared UNEP FI’s work towards achieving the Sustainable Development Goals.
For more info on the event, please visit its website.

 

New UN report demonstrates renewables now dominate investment flows into new power generation

24 March, 2016

Coal and gas-fired electricity generation last year drew less than half the record investment made in solar, wind and other renewables capacity -- one of several important firsts for green energy announced today in a UNEP-partnered report. Global Trends in Renewable Energy Investment 2016, the 10th edition of UNEP's annual report, launched today by the Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance and Bloomberg New Energy Finance (BNEF), says the annual global investment in new renewables capacity, at $266 billion, was more than double the estimated $130 billion invested in coal and gas power stations in 2015. And for the first time, the majority of investment is being made in developing countries.
Read the report
Read the press release

 

UNEP FI to Highlight Sustainable Finance at UNEA 2

24 March, 2016

As part of the second United Nations Environment Assembly (UNEA 2), UNEP FI will co-host a symposium on Mobilizing Resources for Sustainable Investment. This symposium, scheduled to take place on Wednesday May 25th, will showcase that the financial system both globally and nationally is at an exciting nexus for playing an active role in sustainable development and in the implementation of the Sustainable Development Goals (SDGs).
The first part of the symposium focuses on the efforts made so far in aligning the financial system towards sustainable development. The second part is designed to showcase initiatives by financial institutions to demonstrate the huge potential to work with the finance industry in mobilizing private financing for the SDGs. Speakers will include representatives from finance institutions, central banks, ministries of environment, stock exchanges, and industry associations.
See further details on the symposium.

 

Fiduciary Duty in the 21st Century: UNEP FI announces a three year programme with PRI and The Generation Foundation to integrate sustainability into investors' fiduciary duties

22 February, 2016

The project will engage asset owners, asset managers and policy makers across national and international jurisdictions to harmonise a global understanding of fiduciary duty which incorporates sustainability. The project will focus on three primary objectives:

  • To encourage governments and regulatory agencies in the eight jurisdictions covered in the 2015 report (Australia, Brazil, Canada, Germany, Japan, South Africa, the UK and US) to clarify the scope of fiduciary duty such that investors must take explicit account of environmental, social and governance issues in their investment practices and proactively engage with companies on these issues
  • To extend the original report’s analysis to key Asian markets: China (including Hong Kong), India, Malaysia, Singapore and South Korea
  • To develop an international statement on fiduciary duty and sustainable development which would create a cohort of signatories committed to integrating sustainability into their fiduciary duties

More details about the project
More details about the Asia focus
Press release

 

 



Featured Publications
  PDF ERISC Phase II: How food prices link environmental constraints to sovereign credit risk
(2.3 MB | 28 pages)
 
    
  Environmental Risk Integration in Sovereign Credit Analysis  
     
  PDF UNEP FI Overview 2015
(4.7 MB | 28 pages)
 
    
  Round-up and analysis of UNEP FI activities in 2015  
     
  PDF French Energy Transition Law
(1.9 | 16 pages)
 
    
  French version  
     
  PDF Sustainable Real Estate Investment
(6.6 MB | 70 pages)
 
    
  Implementing the Paris climate agreement: an action framework
Executive summary
 
     
  PDF State of Green Finance in the UAE
(2.3 MB | 20 pages)
 
    
  The first national survey on contributions of financial institutions to Green Economy  
     
  PDF Banks and Human Rights: A Legal Analysis
(833 KB | 62 pages)
 
    
  Examining banking and human rights from a UN Guiding Principles, hard law and soft law perspective  
     
  PDF Climate strategies and metrics
(4.5 MB | 81 pages)
 
    
  Exploring Options for Institutional Investors  
     
  PDF From disclosure to action: PDC annual report
(1.8 MB | 50 pages)
 
    
   
     
  PDF Towards including natural resource risks in cost of capital
(6.3 MB | 54 pages)
 
    
  State of play and the way forward  
     
  PDF Integrating Climate Risks in Real Estate
(524 KB | 4 pages)
 
    
  French version
Press release
 
     
  PDF Business unusual: Why the climate is changing the rules for our cities and SMEs
(3.5 MB | 29 pages)
 
    
  Showcases how cities and SMEs are building resilience to climate risks
French version
 
     
  PDF Positive Impact Manifesto
(400 KB | 4 pages)
 
    
  A different approach to banking and investment for a changing world
Flyer
 
     
  PDF Fiduciary duty in the 21st century
(14.5 MB | 88 pages)
 
    
  Aims to end the debate surrounding environmental, social and governance (ESG) issues and fiduciary duty
Japanese version/summary
Portuguese summary
 
     
  MoreAll Publications