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 Events
  Advancing Natural Capital in finance – next steps for R&D under the Natural Capital Declaration
16 October, 2014
Geneva, Switzerland
 
     
  In the Driver’s Seat - Emerging Markets & Sustainable Finance
16 October, 2014
Geneva, Switzerland
 
     
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 Training
  Corporate Ecoefficiency in Financial Institutions Online Course
4-22 May, 2015
Language: Spanish
 
     
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 Training & Tools
  Environmental & Social Risk Analysis Online Course
11-29 May, 2015
Language: French
1-19 June, 2015
Language: English
8-26 June, 2015
Language: Spanish
 
     
  Human Rights Guidance Tool for the Financial Sector
1 December, 2014
version
 
     
  Banking Guide

28 September, 2014
version
 
     
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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

Fiduciary Duty and ESG Integration: Some Reflections from the UK

27 March, 2015

On 19 March 2015, PRI and UNEP FI convened an investor roundtable to examine how prevailing definitions and interpretations of fiduciary duty affect UK investors’ approach to the integration of ESG issues into their investment processes.
The argument that investors should take account of ESG issues in their investment processes is now relatively uncontroversial. To deliver this change requires that attention is paid to training, behaviours, expectations, professional ethics and transparency across the entire investment industry.
View the event notes.
Reference: Responsible Investor Article (login required).

 

Top Insurers Call for Urgent Action to Reduce Risk from Natural Disasters, Highlight US $190 Billion Annual Losses and Threat to Lives and Livelihoods

18 March, 2015

Sendai, Japan, 14 March 2015 – Top insurers from around the world have called on governments, Saturday, to step up global efforts to build resilience against natural disasters, highlighting that average economic losses from disasters in the last decade amounted to around US $190 billion annually, while average insured losses were at about US $60 billion.
The ‘United for Disaster Resilience Statement’ was released at the opening of the 3rd UN World Conference on Disaster Risk Reduction by top insurance companies, members of the UNEP FI Principles for Sustainable Insurance (PSI)—the largest collaborative initiative between the UN and the insurance industry. PSI is backed by insurers representing about 15 per cent of the world’s premium volume and US $9 trillion in assets under their management.
The Statement urges governments to adopt the UN Post-2015 Framework on Disaster Risk Reduction, emphasizing that the insurance industry is well placed to understand the economic and social impact of disasters given that its core business is to understand, manage and carry risk.
Read the full press release.

 

US$6 trillion Asset Owners meet at Columbia for a High Level Workshop on how to Address Climate Change

13 March, 2015

The symposium, which took place on Monday March 9th 2015 at Columbia University, New York, expanded on efforts to mobilize the financial sector behind decarbonisation begun with the Climate Summit convened by Secretary-General Ban Ki-moon in September 2014. The Summit began a cycle of mobilization for both world leaders and leaders from business, finance, and civil society, in the run up to the Paris Conference on Climate Change, and demonstrated that there is tremendous momentum coming from the private sector. The intention is that these bottom-up initiatives will create an enabling environment towards a meaningful top-down agreement at the Conference of the Parties in December 2015.
At the crossroads between Lima and Paris, this high level symposium, attended by the French government’s special envoy on climate change, CEOs from the private sector and senior UN officials, was an excellent opportunity for investors and governments to reflect on how finance sector leadership on economic decarbonization can be fast-tracked and up-scaled and on the most promising opportunities and approaches for investor action. As such, it supported the goals of the Portfolio Decarbonization Coalition (PDC) which was launched at the Secretary General’s Summit of September 2014.
The high level meeting represented an excellent opportunity for both governments and investors to discuss how the finance sector can take the lead on economic decarbonization, and the most promising approaches for investor action. The presence of US$6trillion in assets from around the globe sent an unequivocal message that investors are taking climate risk very seriously, and more importantly, are starting to take action in addressing carbon risks in their portfolios.
As we move towards the Conference of the Parties (COP) this coming December, there is a clear need for visible and credible investor action on climate change. Between now and COP 21, the PDC will assemble a coalition of investors who in aggregate will commit to decarbonizing at least USD 100bn in institutional investment across asset classes. Thus far, the PDC membership has grown to approximately USD$35billion in AUM, but much more growth is needed.
Sponsored by the Center on Global Economic Governance with the support of CDP, formerly the Carbon Disclosure Project, the United Nations Environment Programme and UNEP FI and the Sovereign Wealth Fund Research Initiative, this workshop was also an opportunity for the Portfolio Decarbonization Coalition to showcase its progress since its launch at the climate summit convened by Secretary General Ban Ki-moon.

 

Launch of Energy Efficiency – the first fuel for the EU Economy - Final Report covering Buildings, Industry and SMEs

27 February, 2015

The Energy Efficiency Financial Institutions Group (“EEFIG”) was established as a specialist expert working group by the European Commission and UNEP FI, in late 2013, as a result of the dialogue between Directorate-General for Energy and UNEP FI, as both institutions were engaging with financial institutions to determine how to overcome the well documented challenges inherent to obtaining long-term financing for energy efficiency.
Founders believe that the creation of EEFIG represents the first time such a dialogue and work platform has been established between the Commission and the financial sector on the topic of energy efficiency finance.
To read the report click here.

 

UNEP FI, in partnership with the PRI, the UN Global Compact and the UNEP Inquiry launches a project to scale up ESG integration as part on investors’ fiduciary duties

18 February, 2015

Fiduciary duties exist to ensure that those who manage other people’s money act in the interests of beneficiaries. Ten years after the original Freshfields and Fiduciary II reports produced by UNEP FI, and despite significant progress, many large investors have yet to make commitments to responsible investment and to consider ESG issues as part of their fiduciary duties. Even among PRI signatories, most investors have yet to fully integrate ESG issues into their investment processes. The report will propose practical actions for institutional investors and policy-makers to address identified and remaining barriers. More information...

 

Vacancy for Head of Unit for UNEP FI - applications open

18 February, 2015

Following the departure of Charles Anderson as Head for the Secretariat of UNEP FI, work has started immediately to identify a permanent replacement. The vacancy announcement has now been advertised on the UN's job portal, inspira.un.org. After first registering and then accessing the site, you will be directed to the Inspira landing page. In the 'Basic Job Search' box, click on the 'Advanced Search' tab. On the next page, type 40328 in the 'Job Opening ID' line, the second from the top. This will bring up the job description and guide you through the application process.

 

UNEP FI supports EC efforts for stronger long-term shareholder engagement and corporate governance practices

23 January, 2015

UNEP addresses a letter of support to the European Commission’s proposed revision of the Shareholder Rights Initiative, to encourage long-term shareholders engagement and better corporate governance practices. The topic is particularly relevant for UNEP FI in the context of past work on corporate governance, and the promotion of long-term and sustainable investment. It also comes as a follow-up to UNEP FI contribution to the European Commission’s consultations on the Green Paper on the Long-Term Financing of the European Economy.
Read the letter of support.

 

At COP 20 in Lima UNEP FI starts demystifying private finance vis-a-vis the international climate process

5 December, 2014

There is now – probably more than ever before – a shared understanding in the international climate process that tackling climate change will not be possible without a major mobilization, or a ‘re-channelling’, of private finance. The central question therefore becomes how scarce public financial means can best be used to unlock mitigation and adaptation investment. Finding answers to this question is what UNEP Finance Initiative’s ‘Demystifying’ series aims to contribute to. It does so by helping to increase policy-makers’ understanding of private finance, and by introducing a generic logic and approach – a sequence of questions – that climate negotiators can follow when debating, and ultimately designing, the public interventions required for the unlocking of private climate finance.
Read Demystifying private climate finance, Executive Summary.

 

UNEP FI Human Rights Guidance Tool for the Financial Sector - an online signposting tool for finance practitioners on human rights risks

1 December, 2014

Originally launched in 2007 at UNEP FI Global Roundtable in Melbourne, the Human Rights Guidance Tool for the Financial Sector is a unique tool that allows financial institutions to assess the human rights risks in their business operations, with a focus on lending, and supply chain.
Taking account of the rapidly evolving global business and human rights agenda, a fully revised version of the tool is now made available to finance practitioners. To access the tool click here.

 

Join Growing United Nations Portfolio Decarbonization Coalition

10 November, 2014

In September at the UN Secretary-General’s Climate Summit, a group of investors made a commitment to not only advance investor transparency on climate change, but to also start tackling greenhouse gas emissions and risks associated with their mainstream portfolios by launching the Portfolio Decarbonization Coalition (PDC).

The PDC aims to catalyze investor action on climate change. It will highlight and enable investors to understand current best practices on the positioning of portfolios for a low-carbon economy. You can join the PDC now, by following the guidelines provided here.

 

 



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  Global Roundtable: Beijing 2013
Featured Publications
  PDF Energy Efficiency – Final Report covering Buildings, Industry and SMEs
(2.3 MB | 133 pages)
 
    
  How to drive new finance for energy efficiency investments  
     
  PDF Demystifying private climate finance
(1.7 MB | 62 pages)
 
    
  How private finance connects with climate change mitigation and adaptation
Executive Summary
 
     
  PDF Stability & Sustainability in Banking Reform: Are Environmental Risks Missing in Basel III?
(1.9 MB | 40 pages)
 
    
  Analyses whether and how Basel III addresses systemic environmental risks.
Executive Briefing French Portuguese Spanish version
 
     
  PDF The Portfolio Decarbonization Coalition
(103 KB | 2 pages)
 
    
  Mobilizing financial markets to catalyze economic decarbonization
Press release
 
     
  PDF Financial institutions taking action on climate change
(1.2 MB | 36 pages)
 
    
  How climate leadership is emerging in the finance sector - and on how public and private actors need to work together to grow leadership into a new normal  
     
  PDF Global investor statement on climate change
(200 KB | 4 pages)
 
    
  Signed by 367 investors representing more than US $24 trillion in assets  
     
  PDF Harnessing the full potential of the insurance industry in disaster risk management
(470 KB | 4 pages)
 
    
  An insurance industry commitment in support of the process to develop the Post-2015 Framework for Disaster Risk Reduction  
     
  PDF Integrated Governance – A new model of governance for sustainability
(3.1 MB | 64 pages)
 
    
  Outline of a new model of corporate governance for sustainability
Press Release
Slides
 
     
  PDF Sustainability Metrics: Translation and Impact on Property Investment and Management
(5.5 MB | 111 pages)
 
    
  A report on how property managers and investors can use sustainability metrics in their decisions.
Japanese version
Executive Summary
Presentation
Press Release
Flyer
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