United Nations Environment Programme Finance Initiative (UNEP FI)

Thank you to Deloitte for hosting a timely event, "#TransitionPlans: A strategic step for the financial sector". I presented the “Closing the Gap” report—the first global guide on transition plans for insurers—produced by the UN Forum for Insurance Transition to Net Zero #FIT. The report was launched at COP29 Azerbaijan (download the report: https://lnkd.in/g-SAYw9z). I also had the opportunity to speak about the “Insuring a Resilient #NaturePositive Future” report—the first global guide for insurers to set priority actions for nature—produced by the UN Principles for Sustainable Insurance #PSI (download the report: https://lnkd.in/dkyvs923). The full report of this nature guide, which was launched at the recent United Nations Environment Programme Finance Initiative (UNEP FI) Global Roundtable in Geneva #GRT2024, is another practical resource to help insurers develop credible transition plans. Other presenters included #PatrickAmis of the European Central Bank, who spoke about #CRD6 (new EU Capital Requirements Directive) in the context of transition plans for climate risk; and Mathieu Garnero of ADEME (French Agency for Ecological Transition), who's part of the transition plan working group of the Autorité des marchés financiers (AMF) – France (French Financial Markets Authority), who spoke about an educational guide on climate transition plan reporting. The presentations were followed by a panel discussion involving French financial institutions: Michele Lacroix of SCOR, Zineb TAZI of La Banque Postale and ELODIE BRESSAUD of Confédération Nationale du Crédit Mutuel. It was a rich discussion on an important topic that did justice to the beautiful and elegant setting of the famous Ritz Hotel in Paris. In 2025, the FIT will continue to work on the next deliverables of its Transition Plan Project in order to turn ambition into action. It will develop deep-dive guidance for underwriting portfolios, then it will produce the project's final deliverable—holistic transition plan guidance that provides a "total balance sheet" view—linking the #underwriting and #investment portfolios of insurance companies. Stay tuned for developments. Thank you to Deloitte colleagues: Mohamed Benlaribi / Nicolas de Jenlis / Michel Guidoux / Kim Nguyen-Huu / Bérengère Pluchart / Eva Balcou #SustainableInsurance #NetZeroInsurance #InsuranceForNaturePositive #InclusiveInsurance

Welcome MAAGAP Insurance as a signatory to the UN Principles for Sustainable Insurance, the largest global initiative between the UN and the insurance industry. #sustainableinsurance unepfi.org/psi

#InternshipOpportunity: UNEP FI is seeking an intern to join our Global Policy Team. This is an exciting opportunity for a motivated final-year university student, graduate student, or recent graduate to support the team through research on sustainable financial regulation topics like climate risk integration, green taxonomies, and corporate sustainability disclosures, and to contribute to policy briefs and technical assistance projects. The intern will also assist with administrative and project management tasks, including event preparation, stakeholder coordination, funding opportunity research and applications, and communications support across UNEP FI teams. This position is remote; candidates in the Asia-Pacific region are particularly encouraged to apply. Learn more and apply by 5 January: https://ow.ly/epkG50Usz9T

Do you still have questions about what was decided at #COP29? Are you wondering what the #climate developments from 2024 mean for the financial sector? If so, join leading experts from the UNEP Copenhagen Climate Centre and UNEP FI to unpack critical discussions from COP29, including the evolving role of #CarbonMarkets. You will also gain a better understanding of where the world stands in achieving the #ParisAgreement goals. Speakers: Jesica Andrews, Head of Climate Accountability and Climate Co-Lead, UNEP FI John Christensen, Director, UNEP Copenhagen Climate Centre Remco Fischer, Climate Co-Lead, UNEP FI Abhishek Kaushik, Senior Advisor (Climate and Carbon Markets), UNEP Copenhagen Climate Centre Register here: https://ow.ly/xKv150UrHzx #SustainableFinance

Today, UNEP FI hosted its fourth #LeadershipCouncil, bringing together CEOs and chairpersons from banks and insurers to address the most pressing challenges in #SustainableFinance. Financial institutions are at the forefront of ensuring that the trillions of dollars needed on average each year before 2030 is reached in order to remain below the 1.5°C scenario. However, this requires clear, consistent policy and national transition plans that align with sector-specific decarbonisation pathways. At this critical juncture, UNEP FI helps members to navigate the complexities of evolving regulations by offering robust guidance and vital resources. By proactively shaping the agenda and encouraging collaboration across sectors, the council of leaders acts as a reminder of the indispensable role the financial sector plays in creating a #JustTransition to a sustainable and resilient future. Learn more about the work of the Leadership Council and UNEP FI members here: https://ow.ly/ujsL50UpRRm

Do you still have questions about what was decided at #COP29? Are you wondering what the #climate developments from 2024 mean for the financial sector? If so, join leading experts from the UNEP Copenhagen Climate Centre and UNEP FI to unpack critical discussions from COP29, including the evolving role of #CarbonMarkets. You will also gain a better understanding of where the world stands in achieving the #ParisAgreement goals. Speakers: Jesica Andrews, Head of Climate Accountability and Climate Co-Lead, UNEP FI John Christensen, Director, UNEP Copenhagen Climate Centre Remco Fischer, Climate Co-Lead, UNEP FI Abhishek Kaushik, Senior Advisor (Climate and Carbon Markets), UNEP Copenhagen Climate Centre Register here: https://ow.ly/xKv150UrHzx #SustainableFinance

We are excited to announce the launch of UNEP FI’s latest paper on the banking sector’s pivotal role in addressing pollution—one of the three interconnected planetary crises alongside climate change and biodiversity loss. This paper, called 'Navigating Pollution: A Blueprint for the Banking Sector', is a must-read primer for banks navigating the complexities of pollution-related challenges and opportunities. It also covers a first approach in five high-impact sectors—mining, textiles, electronics, pharmaceuticals, and agriculture—offering detailed insights into sector-specific impacts and risks and practical opportunities for pollution mitigation Learn how banks can reduce pollution, accelerate sustainability, and foster a healthier, more resilient planet and society. Join us in shaping a cleaner future. Access the full paper and be part of the movement toward a sustainable financial system: https://ow.ly/TJWR50UpVsr #Sustainability #Pollution #ResponsibleBanking

The UNEP FI’s 18th Global Roundtable concluded successfully in Geneva yesterday on December 11, 2024. We extend our heartfelt thanks to everyone who participated, both in person and online. A few highlights from the event:    • 450+ finance professionals gathered in Geneva for the #GRT2024  • 1600+ viewers joined the livestream each day   • 100+ speakers were in Geneva from 20+ countries of which: 60% were women and 33% were C-suite level  You can watch all livestream recordings on www.unepfi.org/grt-live   We owe the success of the Global Roundtable to our generous sponsors: Gold sponsor, S&P Global; silver sponsors: Access Bank Plc, Sun Life and Societe Generale; and bronze sponsors: The Texel Group, Beneva, Siemens Financial Services, SAP Fioneer, Frontiers Research Foundation, MSCI Inc. and FSD Africa, as well our member banks, insurers and investors.    Additionally, we extend our gratitude to our supporters: The Chartered Banker Institute, Climate Action, Principles for Responsible Investment, and European Banking Federation, as well as our event partners, Building Bridges.    Looking ahead to 2025, we will transition from the Global Roundtable to Regional Roundtables across Latin America and the Caribbean, Africa and the Middle East, Asia-Pacific, Europe, and North America.     We look forward to seeing you at our future events! #GRT2024 #RRT2025

Following UNEP FI head Eric Usher (Usher, E.) & WWF International DG Kirsten Schuijt's Global Roundtable discussion unveiling our new joint publication “Navigating Nature-related Regulations for Banks”, we are hosting a webinar on January 16 to discuss the report’s findings on the latest nature-related policy trends across 50 jurisdictions in APAC, Americas, Africa, and EU. Register: https://lnkd.in/e6CW9jAm A sneak peak of the findings: at least 29 jurisdictions—totaling more than EUR 75 trillion of banking assets—are starting to reflect nature-related topics in prudential regulation.    Join us for the webinar for topics including: - Regional trends across supervision, taxonomies and corporate disclosures - Key priorities of central banks and supervisors going forward - Case studies presented by leaders from the Network for Greening the Financial System (NGFS), European Central Bank (ECB), and Bank Negara Malaysia (BNM) Central bank speakers include: Marc Reinke, Co-chair of Taskforce on Nature, NGFS / Head of Sustainable Finance Office, De Nederlandsche Bank Guan Schellekens, Team Lead of the Climate Risk Project Management Office, ECB  Katie Lee Sheah Tsan, Climate Policy Strategist, BNM #GRT2024 #NaturePolicy -- Laura Canas da Costa, Romie Goedicke den Hertog, Elodie Feller, Jessica Smith, Emily R. Dahl, Sem Houben, Maud ABDELLI, Siti Kholifatul Rizkiah, Pina Saphira, Christine J. Wanjiku Mwangi, CFA, Aaron Vermeulen, Elisa VACHERAND, Nicolas P., Elizabeth Aceituno

Closing the UNEP FI Global Roundtable 2024 with a cocktail reception hosted by Frontiers Research Foundation. Henry Markram, Co-Founder of the Foundation highlights the importance of accelerating the uptake of science-based approaches to sustainability and climate action across all industries. A big thank you to everyone who attended the #GRT2024