United Nations Environment Programme Finance Initiative (UNEP FI)’s Post

UNEP FI's Climate Mitigation Journey report serves as a vital blueprint for banks striving to achieve net-zero emissions amidst increasing climate risks and regulatory demands. By emphasizing the critical importance of Scope 3 emissions and leveraging UNEP FI’s Principles for Responsible Banking, the report offers a robust roadmap for banks to systematically enhance their climate mitigation efforts. This tailored roadmap would empower banks to critically assess their current climate strategies and accelerate their decarbonization efforts with precision. Through its thoughtful integration of regional considerations, the report effectively distills the complexities of evolving standards, disparate frameworks, and regional considerations into actionable insights. This is certainly a definitive guide for banks aspiring to be at the forefront of sustainable finance. #ClimateAction #NetZero #SustainableFinance #ResponsibleBanking #Decarbonization #ClimateMitigation #SustainableBanking #FinancialInstitutions #ClimateStrategy #GreenFinance #ClimateLeadership #EnvironmentalSustainability United Nations Environment Programme Finance Initiative (UNEP FI) | David Carlin | Orestis Velentzas | Nina Jais | Carlota Gómez Tapia | Remco Fischer | Dr. Johanna Dichtl | Sarah Kemmitt | Maria Eugenia Sosa Taborda | Accenture

Lots of meaningful conversations on opportunities around decarbonisation in the real economy at this year’s London Climate Action Week. Enjoyed taking stage to discuss scaling transition finance with Sagarika Chatterjee, Dr Mahmoud Mohieldin, Nick O'Donohoe and Richard Manley during the Climate Innovation Forum. Here are some thoughts: 1. There is no ‘one-size-fits-all’ solution to net-zero. Different companies, in different parts of the value chain, in different countries will need to find the pathway that suits their competitive advantage. That's one of the things that makes the shift to low-carbon so challenging. At HSBC , we recognise that our transition will not be linear. We operate in markets and sectors at various starting points, moving at different speeds and often in the regions with the most change ahead. 2. Understanding our customers is key. Financing transition in the real economy means helping companies with high emissions today, to adopt new low-carbon technology and business lines. We are super-busy engaging with our customers and working to leverage HSBC's global connectivity, expertise and capabilities to tailor advice and finance to their specific needs, and support them as a trusted partner. This is how we can finance change in the real economy and make the biggest climate impact. 3. Commons problems require collective action. No single company or government can solve climate change by itself or provide all the solutions we need. This is why our Net-Zero Transition Plan is underpinned by partnerships -- partnerships to support early stage technologies, partnerships to drive private capital into difficult-to-bank sustainable infrastructure projects in emerging markets, and partnerships within the finance industry to collectively set standards and move as one. You can read HSBC's Net-Zero Transition Plan here >> https://lnkd.in/ei9UUxWy #CIF24 #LCAW

The Climate Mitigation Journey is a powerful resource for firms looking to accelerate their net-zero progress. Richly filled with case studies and specific guidance around capabilities, it is a practical manual for supporting decarbonization. It covers three business capability blocks with all the necessary business competencies banks need to develop on the path to net zero, namely Core Climate Capabilities, Commitment & Targets Capabilities and Implementation Capabilities For each capability block is a clear mapping to relevant resources that firms can leverage as well as to applicable standards, methodologies, and key stakeholders of the broader net zero banking ecosystem they need to engage with. Information on key regional and/or jurisdictional considerations for firms as they are looking to advance their business competences on the path to net zero. Hats off to my United Nations Environment Programme Finance Initiative (UNEP FI), especially Orestis Velentzas for this great work! https://lnkd.in/e72xvxxv #climate #climatefinance #netzero #mitigation #risk #skills #sustainablefinance

𝗖𝗟𝗜𝗠𝗔𝗧𝗘 & 𝗘𝗖𝗢𝗡𝗢𝗠𝗜𝗖 𝗝𝗨𝗦𝗧𝗜𝗖𝗘: 𝗘𝗡𝗦𝗨𝗥𝗜𝗡𝗚 𝗙𝗔𝗜𝗥 𝗖𝗔𝗥𝗕𝗢𝗡 𝗠𝗔𝗥𝗞𝗘𝗧𝗦 The carbon market plays a pivotal role in global climate action. But to truly be impactful, it must be both ethical and effective. Here’s how Carbon Bank is contributing towards climate and economic justice through our carbon initiatives: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲: 𝗣𝗼𝘃𝗲𝗿𝘁𝘆 𝗮𝗻𝗱 𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 682 million people live in extreme poverty, and lower-income nations bear a heavy burden to curb emissions. It's time for equitable solutions that bridge the gap between economic growth and climate goals. 𝗖𝗼𝘀𝘁-𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗖𝗮𝗿𝗯𝗼𝗻 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 By investing in renewable energy and energy-efficient infrastructure, we can promote sustainable growth and significantly reduce emissions. 𝗟𝗶𝗺𝗶𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗼𝗳 𝗩𝗼𝗹𝘂𝗻𝘁𝗮𝗿𝘆 𝗖𝗮𝗿𝗯𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 Purchasing cheap credits may fail to address the high-cost emissions that prevent us from meeting global net-zero targets. We advocate for a shift towards genuine, impactful solutions. 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗮𝗻𝗱 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗝𝘂𝘀𝘁𝗶𝗰𝗲 Cap-and-trade systems ensure emission targets are not just promised but delivered—leading to more credible and verifiable carbon reductions. 𝗘𝘁𝗵𝗶𝗰𝗮𝗹 𝗖𝗮𝗿𝗯𝗼𝗻 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗙𝗮𝗶𝗿 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 For carbon markets to work for everyone, we need ethical rules to ensure that income is distributed fairly between developers and local communities. Learn more about how we address the global climate challenge at www.co2bank.asia and see how you can make a difference today! #CarbonBank #ClimateJustice #EconomicJustice #EthicalTrading #GreenInvestments #ClimateAction

𝗖𝗟𝗜𝗠𝗔𝗧𝗘 & 𝗘𝗖𝗢𝗡𝗢𝗠𝗜𝗖 𝗝𝗨𝗦𝗧𝗜𝗖𝗘: 𝗘𝗡𝗦𝗨𝗥𝗜𝗡𝗚 𝗙𝗔𝗜𝗥 𝗖𝗔𝗥𝗕𝗢𝗡 𝗠𝗔𝗥𝗞𝗘𝗧𝗦 The carbon market plays a pivotal role in global climate action. But to truly be impactful, it must be both ethical and effective. Here’s how Carbon Bank is contributing towards climate and economic justice through our carbon initiatives: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲: 𝗣𝗼𝘃𝗲𝗿𝘁𝘆 𝗮𝗻𝗱 𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 682 million people live in extreme poverty, and lower-income nations bear a heavy burden to curb emissions. It's time for equitable solutions that bridge the gap between economic growth and climate goals. 𝗖𝗼𝘀𝘁-𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗖𝗮𝗿𝗯𝗼𝗻 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 By investing in renewable energy and energy-efficient infrastructure, we can promote sustainable growth and significantly reduce emissions. 𝗟𝗶𝗺𝗶𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗼𝗳 𝗩𝗼𝗹𝘂𝗻𝘁𝗮𝗿𝘆 𝗖𝗮𝗿𝗯𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 Purchasing cheap credits may fail to address the high-cost emissions that prevent us from meeting global net-zero targets. We advocate for a shift towards genuine, impactful solutions. 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗮𝗻𝗱 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗝𝘂𝘀𝘁𝗶𝗰𝗲 Cap-and-trade systems ensure emission targets are not just promised but delivered—leading to more credible and verifiable carbon reductions. 𝗘𝘁𝗵𝗶𝗰𝗮𝗹 𝗖𝗮𝗿𝗯𝗼𝗻 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗙𝗮𝗶𝗿 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 For carbon markets to work for everyone, we need ethical rules to ensure that income is distributed fairly between developers and local communities. Learn more about how we address the global climate challenge at www.co2bank.asia and see how you can make a difference today! #CarbonBank #ClimateJustice #EconomicJustice #EthicalTrading #GreenInvestments #ClimateAction

ProCredit’s commitment to Sustainability and Climate Action We’re proud to announce that the Science Based Targets initiative SBTi (https://lnkd.in/gUqg6KM) has officially validated our near-term emission reduction targets as science-based, in accordance with the Paris Climate Agreement. For us, science-based targets provide a clear roadmap to continue implementing our sustainability strategy and take action to achieve our net-zero commitment. The validation itself signifies our steadfast commitment to support our clients and society in transitioning towards a low-carbon economy and to continue to build on our positioning as a sustainable banking group. Thank you for joining us on this journey towards a greener, more sustainable future. Let’s make every action count! 👉For more information, click here: https://lnkd.in/dWybDFwS #ScienceBasedTargets #sustainability #greenerfuture #sustainablebusiness #environmentallyfriendly #ScienceBasedTargetsInitiative #climateprotection #SustainabilityGoals #loweringcarbonfootprint #sbti #emissions

💵 GREEN BANKING 🏛 While #financialinstitutions recognize the urgency of climate mitigation, they face significant challenges in operationalizing their #decarbonization approaches. From navigating evolving #standards and #frameworks to addressing regional complexities and data availability issues, a comprehensive roadmap is needed. Overcoming these hurdles is crucial for effective climate action. 🔮 Accenture proposes an interesting approach through The Climate Mitigation Journey (CMJ); which is a #climatestrategyframework that outlines relevant business capabilities banks should consider building and iterating over time to align themselves with their #netzero objectives. The #CMJ details can be found in the following article #ClimateChange #BankingIndustry #Decarbonization #SustainableFinance #GreenInvesting #NetZero #2030

We celebrate our latest milestone on the sustainability journey! Companies aligning with global climate goals through science-based emissions reductions targets for net zero are paving the way for a greener future. Engaging with clients (and suppliers) is vital to tackle scope 3 emissions effectively, driving impactful change across the value chain. This is especially relevant for us, following our hausbank approach with clients. Stay tuned for updates on our new green initiatives as we commit to a sustainable path forward. #sustainability #sustainablefinance

Want to learn about the latest trends and research highlights from the BI ESG Industry team? Register 👉 https://lnkd.in/gQPtyTba, May 28th at 10:30 am EST. This month, I will be discussing ESG performance at the industry level, answering the key question: what has impacted returns? Grace Osborne will discuss banks' financed emissions that could see €200 billion in transition risks and Eric Kane will take us through the carbon transition using BI's Carbon Scores. #ESG #BloombergIntelligence #sustainability #climate

The financial institutions should have a deep thinking on the basis of response investment #PRI, going even further top of #ESG. On one side, they need to change their traditional investment decision-making models to include more indicators on #carbon #emission to reflect the #climaterisks. In long term, the technologies used or even the projects development pipelines should be tailored to reflect the sustainability perspective of the investment decisions they make. In recent months, I have been talking with different levels of institutional investors to understand the status on how they consider these but unfortunately very a few of them are doing it but some amount of them are planning to do it. As a #CFA with strong experience of engineering and technological implementation in #energyefficiency and #districtenergy, I am quite eager to facilitating or advising these processes together with them. On the other side, new/old technologies or projects with #adaption and #mitigation potential in #climatechange should be re-considered or re-evaluated under these indicators of #ClimateChange #Risks. Some of them with reasonable risk-revenue balance should come out from the list and then be prioritied. #ESG is a step to take but not the only step.