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Launch: UNEP FI Investment Portfolio Impact Analysis Tool

UNEP FI’s Positive Impact Initiative is launching the Investment Portfolio Impact Analysis Tool to enable financial institutions to holistically identify and assess the impacts associated with their investments, across a range of asset classes. The Tool assists signatories to the Principles for Responsible Banking (PRB) to meet their requirements under Principle 2 on impact analysis. Using methodology derived from UNEP FI’s holistic approach to impact and the Sustainable Development Goals, the Tool’s in-built resources provide a basis for PRB signatories to meet their subsequent requirements under Principle 3 on target-setting, based on internationally recognised standards from within and beyond the UN system.

Features of the Tool include:
• Enables Fund or Portfolio level analysis
• Asset classes covered include fixed income, equity and real estate, among others
• Includes new mappings, including an asset class/impact map and several asset class-specific mappings
• Uses the Principles for Responsible Investment asset class classification & enriched GICS sector classification
• An in-built Indicator Library

The methodology was derived from UNEP FI’s unique holistic approach to impact and the Sustainable Development Goals, as developed by its Positive Impact Initiative (PII), as such it is aligned with the Principles for Positive Impact Finance and is based on the 22 ‘impact areas’ of the UNEP FI Impact Radar. The Tool’s in-built resources, are based on internationally recognised standards from within and beyond the UN System.

Speakers at the launch include:

• Paula Chungsathaporn, Director, UBS in Society, UBS
• Jani Maenpaa, Portfolio Manager, LHV
• Ana Wong Partida, Risk Management, Monex
• Sacha Alibrando, Group Strategy and ESG, Pictet

The Investment Portfolio Impact Analysis Tool is a live resource, designed to evolve over time in order to constantly improve user experience and benefits.
Recorded Jun 30 2021 91 mins
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Presentation preview: Launch: UNEP FI Investment Portfolio Impact Analysis Tool

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  • The PRI & UNEP FI: Joining Forces to Drive Responsible Real Estate Investment Oct 26 2021 12:00 pm UTC 60 mins
    Simon Whistler, PRI | Matthew Ulterino, UNEP FI
    UNEP FI’s responsible property investment programme (also known as UNEP FI Property Working Group), a longstanding initiative of real estate investors to address sustainability issues in asset selection and management, will be integrated into the PRI for the start of 2022. This webinar will introduce some of the recent and current property work areas and leadership activities of UNEP FI, and provide an update on the transition process and structuring of the work programme within the PRI.
  • Nature Positive Insurance Series - Day 4 Oct 21 2021 11:00 am UTC 90 mins
    UNEP’s Principles for Sustainable Insurance Initiative and the UN Convention on Biological Diversity (CBD)
    Day 4: Next key actions to advance nature-positive insurance

    A leadership series convened by UNEP’s Principles for Sustainable Insurance Initiative and the UN Convention on Biological Diversity (CBD) to set the global agenda for nature-positive insurance.

    The series will highlight the key role of the insurance industry in addressing nature-related issues and will count with the participation of experts and practitioners covering the following topics:

    • The state of nature and the Post-2020 Global Biodiversity Framework
    • The links between nature and the insurance industry’s risk management, insurance and investment activities
    • Embedding nature in sustainability risk management frameworks
    • State-of-the-art tools to assess nature-related risks
    • Insuring nature
    • Investing in nature
    • Nature, insurance and the SDGs: Target setting
    • Disclosure and emerging regulatory and supervisory thinking
  • Nature Positive Insurance Series - Day 3 Oct 20 2021 11:00 am UTC 90 mins
    UNEP’s Principles for Sustainable Insurance Initiative and the UN Convention on Biological Diversity (CBD)
    Day 3: Insuring and investing in nature: Innovative solutions and new opportunities

    A leadership series convened by UNEP’s Principles for Sustainable Insurance Initiative and the UN Convention on Biological Diversity (CBD) to set the global agenda for nature-positive insurance.

    The series will highlight the key role of the insurance industry in addressing nature-related issues and will count with the participation of experts and practitioners covering the following topics:

    • The state of nature and the Post-2020 Global Biodiversity Framework
    • The links between nature and the insurance industry’s risk management, insurance and investment activities
    • Embedding nature in sustainability risk management frameworks
    • State-of-the-art tools to assess nature-related risks
    • Insuring nature
    • Investing in nature
    • Nature, insurance and the SDGs: Target setting
    • Disclosure and emerging regulatory and supervisory thinking
  • Nature Positive Insurance Series - Day 2 Sep 30 2021 11:00 am UTC 90 mins
    UNEP’s Principles for Sustainable Insurance Initiative and the UN Convention on Biological Diversity (CBD)
    Day 2: Managing nature-related risks: Emerging practices in the insurance industry

    A leadership series convened by UNEP’s Principles for Sustainable Insurance Initiative and the UN Convention on Biological Diversity (CBD) to set the global agenda for nature-positive insurance.

    The series will highlight the key role of the insurance industry in addressing nature-related issues and will count with the participation of experts and practitioners covering the following topics:

    • The state of nature and the Post-2020 Global Biodiversity Framework
    • The links between nature and the insurance industry’s risk management, insurance and investment activities
    • Embedding nature in sustainability risk management frameworks
    • State-of-the-art tools to assess nature-related risks
    • Insuring nature
    • Investing in nature
    • Nature, insurance and the SDGs: Target setting
    • Disclosure and emerging regulatory and supervisory thinking
  • Nature Positive Insurance Series - Day 1 Sep 29 2021 11:00 am UTC 90 mins
    UNEP’s Principles for Sustainable Insurance Initiative and the UN Convention on Biological Diversity (CBD)
    Day 1: The global goal for nature and why it matters to the insurance industry

    A leadership series convened by UNEP’s Principles for Sustainable Insurance Initiative and the UN Convention on Biological Diversity (CBD) to set the global agenda for nature-positive insurance.

    The series will highlight the key role of the insurance industry in addressing nature-related issues and will count with the participation of experts and practitioners covering the following topics:

    • The state of nature and the Post-2020 Global Biodiversity Framework
    • The links between nature and the insurance industry’s risk management, insurance and investment activities
    • Embedding nature in sustainability risk management frameworks
    • State-of-the-art tools to assess nature-related risks
    • Insuring nature
    • Investing in nature
    • Nature, insurance and the SDGs: Target setting
    • Disclosure and emerging regulatory and supervisory thinking
  • From Venice to Glasgow: The road to COP26 for the Net-Zero Insurance Alliance Sep 23 2021 11:00 am UTC 120 mins
    A global virtual event by UNEP’s Principles for Sustainable Insurance
    As risk managers, re/insurers and investors, the insurance industry plays a key role in supporting the transition to a resilient net-zero emissions economy.

    The Net-Zero Insurance Alliance (NZIA) is an Alliance formed by a group of leading insurance and reinsurance companies, under the auspices of the UN’s Principles for Sustainable Insurance (PSI) initiative, the largest collaboration between the UN and the global insurance industry. NZIA members commit to individually transition their insurance and reinsurance underwriting portfolios to net-zero greenhouse gas (GHG) emissions by 2050, consistent with a maximum temperature rise of 1.5°C above pre-industrial levels by 2100, in order to contribute to the implementation of the Paris Agreement on Climate Change. The NZIA was launched at the G20 Climate Summit in Venice in July 2021 by its founding members: AXA (founding NZIA Chair), Allianz, Aviva, Generali, Munich Re, SCOR, Swiss Re and Zurich Insurance Group.

    On 6 September 2021, the Partnership for Carbon Accounting Financials (PCAF), in collaboration with the UN-convened Net-Zero Insurance Alliance (NZIA), also announced the launch of a working group comprising leading insurance and reinsurance companies to develop the first global standard to measure and disclose insured greenhouse gas (GHG) emissions. This will help re/insurers understand the climate impact of their underwriting decisions, laying the foundation to decarbonise their insurance and reinsurance portfolios through target setting, scenario analysis, strategy development, and individually taking concrete actions that have real-world impact through emissions reduction in the real economy.

    This global virtual event will address these topics while gathering experts in climate as well as industry practitioners who will unpack the concept of net-zero insurance.
  • Establecimiento de Objetivos Netos Cero: Inversores Latinoamericanos Sep 22 2021 2:00 pm UTC 60 mins
    The Investor Agenda
    A medida que los mayores inversionistas y aseguradores de América Latina avancen para alinear sus carteras con los objetivos de emisiones netas cero para 2050, ¿qué se requerirá para garantizar un progreso sistemático y significativo en todo el continente? Únase a este webinar de la Agenda del inversor para analizar cómo los inversores latinoamericanos y sus socios globales pueden comenzar a utilizar la Escala de expectativas de los Planes de acción climática para inversores (ICAP) para iniciar el proceso de descarbonización.

    Podran conocer:
    - Cómo los inversores están comparando el progreso con los objetivos netos cero
    - Qué pueden hacer los inversores para comenzar su viaje neto cero
    - Cómo se puede utilizar la escala de expectativas de ICAP para comparar el progreso hacia los objetivos climáticos
    - ¿Qué sigue para los inversores latinoamericanos que se dirigen a la COP26 y más allá?

    Participantes:
    Mariuz Calvet Roquero, Afore XXI Banorte
    Lais Cesar, Manager LATAM, Capital Markets, CDP
    Franco Alexander Piza Rondón, Director of Corporate Sustainability, Grupo Bancolombia
    Eduardo Atehortua, Head of LATAM (ex-Brazil), PRI
  • Accelerating ESG Incorporation by Banks and Investors Recorded: Sep 8 2021 60 mins
    The PRI and UNEP- FI
    This webinar, co-hosted by the PRI and the UNEP FI, will bring together leading actors in banking and investment industries to explore the extent to which ESG factors are considered when originating and assessing loans, which back CLOs and other structured products. During the webinar we will discuss current market gaps, how ESG consideration for risk assessment couples with the need to redeploy capital towards specific environmental and social objectives through loans. Furthermore, we will consider how to ensure that the ESG information is consistent and useful through the financing chain, whilst exploring differences between the European and the US market practices.

    Speakers include:
    Carmen Nuzzo, Head of Fixed Income, PRI
    Jesica Andrews, Lead Investment Practices Director, UNEP FI
    Elizabeth Crawford, Managing Director, Head of Securitized Research, TCW
    Steve Ezzes, Managing Director, Newmarket Capital
    Hans Biemans, Head of Sustainable Markets, Managing Director, ING
    Fatima Hadj, Chair of the PRI’s Securitised Products Advisory Committee
    Peggy Lefort, Resource Efficiency Coordinator, UNEP FI
  • Global launch webinar: A Legal Framework for Impact Report Recorded: Jul 21 2021 59 mins
    The PRI, UNEP FI, Generation Foundation and Freshfields Bruckhaus Deringer
    The session will present the key findings from the report “A Legal Framework for Impact” authored by Freshfields Bruckhaus Deringer, and commissioned by The Generation Foundation, PRI and UNEP FI. The session will cover discussion on high-level findings of the report on how far investing for sustainability impact is legally required or permitted across 11 jurisdictions; current legal barriers to investing for sustainability impact; and options for policy reform. Speakers will offer their views on bringing investing for sustainability impact mainstream, followed by a moderated panel discussion including Q&A with the audience.

    Speakers include:
    - David Blood, Senior Partner, Generation Investment Management
    - Wendy Cromwell, Vice Chair, Director of Sustainable Investment, and Portfolio Manager, Wellington Management
    - Nathan Fabian, Chief Responsible Investment Officer, PRI
    - Eva Halvarsson, CEO, AP2
    - Dr. Juliane Hilf, Partner, Freshfields Bruckhaus Deringer
    - Fiona Reynolds, CEO, PRI
    - David Rouch, Partner, Freshfields Bruckhaus Deringer
    - Jesica Andrews, Investment Lead, UNEP FI
    - Moderator: Felix Salmon, Chief Financial Correspondent, Axios
  • Investor Climate Action Plans (ICAPs) launch: climbing the ladder to Net Zero Recorded: Jul 20 2021 60 mins
    The PRI, UNEP-FI and CDP as an Investor Agenda webinar
    As global investors move to align their portfolios with net-zero emissions targets in time for 2050, what will be required to ensure systematic and meaningful progress? Join the Investor Agenda launch of the Investor Climate Action Plans (ICAPs) Expectations Ladder to find out.
    The ICAPs Expectations Ladder defines opportunities for investor action on climate across four interlocking areas - investment strategy, corporate engagement, policy advocacy and investor disclosure, and also examines governance. It identifies the steps required for investors to create a comprehensive climate action plan that can enable progress towards achieving a net-zero carbon economy by 2050. The ICAPs approach helps investors no matter where they are in their journey to better integrate climate change risks and opportunities into their investment process and climb up the ladder to net-zero.
    The webinar is co-convened by Investor Agenda partners UNEP-FI, CDP and the PRI. Join us to learn how you can use the ladder to reinforce existing efforts and scale up a systematic approach to climate action across your organisation.

    Speakers:
    Rahnuma Chowdhury, Investor Climate Action Lead, UNEP FI
    Jake Barnett, Director, Sustainable Investment Services, Wespath
    Nili Gilbert, Investment Committee Chair, David Rockefeller Fund
    Moderator: Eniko Horvath, Head of Climate, PRI
  • Launch: UNEP FI Investment Portfolio Impact Analysis Tool Recorded: Jun 30 2021 91 mins
    UNEP FI
    UNEP FI’s Positive Impact Initiative is launching the Investment Portfolio Impact Analysis Tool to enable financial institutions to holistically identify and assess the impacts associated with their investments, across a range of asset classes. The Tool assists signatories to the Principles for Responsible Banking (PRB) to meet their requirements under Principle 2 on impact analysis. Using methodology derived from UNEP FI’s holistic approach to impact and the Sustainable Development Goals, the Tool’s in-built resources provide a basis for PRB signatories to meet their subsequent requirements under Principle 3 on target-setting, based on internationally recognised standards from within and beyond the UN system.

    Features of the Tool include:
    • Enables Fund or Portfolio level analysis
    • Asset classes covered include fixed income, equity and real estate, among others
    • Includes new mappings, including an asset class/impact map and several asset class-specific mappings
    • Uses the Principles for Responsible Investment asset class classification & enriched GICS sector classification
    • An in-built Indicator Library

    The methodology was derived from UNEP FI’s unique holistic approach to impact and the Sustainable Development Goals, as developed by its Positive Impact Initiative (PII), as such it is aligned with the Principles for Positive Impact Finance and is based on the 22 ‘impact areas’ of the UNEP FI Impact Radar. The Tool’s in-built resources, are based on internationally recognised standards from within and beyond the UN System.

    Speakers at the launch include:

    • Paula Chungsathaporn, Director, UBS in Society, UBS
    • Jani Maenpaa, Portfolio Manager, LHV
    • Ana Wong Partida, Risk Management, Monex
    • Sacha Alibrando, Group Strategy and ESG, Pictet

    The Investment Portfolio Impact Analysis Tool is a live resource, designed to evolve over time in order to constantly improve user experience and benefits.
  • Launch: UNEP FI Real Estate Impact Analysis Tool Recorded: Jun 17 2021 82 mins
    UNEP FI
    The Real Estate Impact Analysis Tool was developed to enable financial institutions to identify and assess the impacts associated with their real estate investments and portfolios. The purpose of such an analysis is for financial institutions to define strategies and set targets that will increase the positive impacts and decrease the negative impacts of their real estate investments and portfolios.

    Features:
    • Builds on the UNEP FI Positive Impact Real Estate Investment Framework Model Framework, based on the 22 impact areas of the UNEP FI Impact Radar
    • Enables Single Asset analysis or Fund/Portfolio level analysis
    • Applicable for new developments and exiting assets
    • Is compatible with GRESB
    • Enables both country level and local level contextualisation (needs assessment)

    The methodology was derived from UNEP FI’s unique holistic approach to impact and the SDGs, as developed by its Positive Impact Initiative (PII), as such it is aligned with the Principles for Positive Impact Finance and is based on the 22 ‘impact areas’ of the UNEP FI Impact Radar. The Tool’s in-built resources, are based on internationally recognised standards from within and beyond the UN System.

    Speakers at the launch include:
    • Geraldine Burnett, Corporate Social Responsibility Manager, Gatehouse Bank
    • Ryuichi Horie, Co-founder and CEO, CSR Design Green Investment Advisory
    • Ivan Rodriguez, Sustainability Director, Property Portfolio, Bridges Fund Management
    • Careen Abb, Programme Lead, Positive Impact, UNEP FI
    • Costanza Ghera, Consultant, Positive Impact, UNEP FI

    The Real Estate Impact Analysis Tool is a live resource, designed to evolve over time in order to constantly improve user experience and benefits.
  • Insurance Supervisors and Climate Action Recorded: Jun 15 2021 92 mins
    Co-hosted by the UN-convened SIF, UN PSI and the IAIS
    Climate change, as well as the global response to the threats of climate change, is having wide-ranging impacts on the structure and functioning of the global economy and financial system. The challenges related to climate change present both risks and opportunities for the insurance sector. To support supervisors in their efforts to integrate climate-related risks into supervisory frameworks, the International Association of Insurance Supervisors (IAIS) and the UN-convened Sustainable Insurance Forum (UN SIF) have jointly developed an Application Paper on the Supervision of Climate-related Risks in the Insurance Sector.

    The Application Paper provides background and guidance on how the IAIS supervisory material can be used to manage the challenges and opportunities arising from climate-related risks. Application Papers do not establish standards or expectations, but instead provide additional guidance to assist implementation and provide examples of good practice. This Paper thereby also aims to promote a globally consistent approach to addressing climate-related risks in the supervision of the insurance sector.

    The following topics and Insurance Core Principles (ICPs) are in scope:

    • Supervisory Review and Reporting (ICP 9)
    • Corporate Governance (ICP 7)
    • Risk Management (ICP 8 and 16)
    • Investments (ICP 15); and
    • Disclosures (ICP 20)
  • Insurance Supervisors and Climate Action Recorded: Jun 14 2021 92 mins
    Co-hosted by the UN-convened SIF, UN PSI and the IAIS
    Climate change, as well as the global response to the threats of climate change, is having wide-ranging impacts on the structure and functioning of the global economy and financial system. The challenges related to climate change present both risks and opportunities for the insurance sector. To support supervisors in their efforts to integrate climate-related risks into supervisory frameworks, the International Association of Insurance Supervisors (IAIS) and the UN-convened Sustainable Insurance Forum (UN SIF) have jointly developed an Application Paper on the Supervision of Climate-related Risks in the Insurance Sector.

    The Application Paper provides background and guidance on how the IAIS supervisory material can be used to manage the challenges and opportunities arising from climate-related risks. Application Papers do not establish standards or expectations, but instead provide additional guidance to assist implementation and provide examples of good practice. This Paper thereby also aims to promote a globally consistent approach to addressing climate-related risks in the supervision of the insurance sector.

    The following topics and Insurance Core Principles (ICPs) are in scope:

    • Supervisory Review and Reporting (ICP 9)
    • Corporate Governance (ICP 7)
    • Risk Management (ICP 8 and 16)
    • Investments (ICP 15); and
    • Disclosures (ICP 20).
  • Aligning Financial Portfolios with Biodiversity Goals Recorded: May 26 2021 58 mins
    UNEP FI, UNEP-WCMC & Global Canopy, with special guests: Credit Suisse and Citi
    Expert Speakers: Jessica Smith (UNEP FI), Sebastian Bekker (UNEP-WCMC), Niki Mardas (Global Canopy), Raul Manjarin (Credit Suisse), Frazer Lanier (Citi).

    Alongside tackling climate-related risks, financial institutions are increasingly looking to address the critical issue of biodiversity and nature loss. Momentum is building in the run up to the 2021 United Nations biodiversity conference, CBD COP 15, where countries are expected to set new targets for conserving plants and animals across land and oceans.

    Join us as we launch a ground-breaking new biodiversity module – part of the online ENCORE tool – which will enable financial institutions to identify and manage biodiversity-related risks and opportunities.

    At the cutting-edge of sustainable finance, over 30 financial institutions have been involved in the development of the module, which focuses on the agriculture and mining sectors and allows banks and investors to answer the following questions:
    - Are my financial assets at risk from biodiversity loss?
    - Am I dependent on biodiversity through my investment or lending portfolio?
    - Am I harming or building the resilience of biodiversity with my investments?

    Using this key information, and in combination with other tools, financial institutions can be in a position to start setting biodiversity targets across their activities. Join our experts to learn how the tool can work for you and hear from some of the banks and investors who have been beta-testing the tool on why this could be a turning point for the industry.

    ENCORE stands for ‘Exploring Natural Capital Opportunities, Risks and Exposure’; developed by the UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC), the UN Environment Programme Finance Initiative (UNEP FI) and Global Canopy. Collectively these organisations represent the Natural Capital Finance Alliance (NCFA). ENCORE is generously funded by the Swiss Federal Office for the Environment.
  • Aligning Financial Portfolios with Biodiversity Goals Recorded: May 26 2021 59 mins
    UNEP FI, UNEP-WCMC & Global Canopy with special guests FirstRand Group and Piraeus Financial Holdings
    Expert Speakers: Jessica Smith (UNEP FI), Sebastian Bekker (UNEP-WCMC), Niki Mardas (Global Canopy), Madeleine Ronquest (FirstRand Group) & Dimitrios Dimopoulos (Piraeus Financial Holdings)

    Alongside tackling climate-related risks, financial institutions are increasingly looking to address the critical issue of biodiversity and nature loss. Momentum is building in the run up to the 2021 United Nations biodiversity conference, CBD COP 15, where countries are expected to set new targets for conserving plants and animals across land and oceans.

    Join us as we launch a ground-breaking new biodiversity module – part of the online ENCORE tool – which will enable financial institutions to identify and manage biodiversity-related risks and opportunities.

    At the cutting-edge of sustainable finance, over 30 financial institutions have been involved in the development of the module, which focuses on the agriculture and mining sectors and allows banks and investors to answer the following questions:
    - Are my financial assets at risk from biodiversity loss?
    - Am I dependent on biodiversity through my investment or lending portfolio?
    - Am I harming or building the resilience of biodiversity with my investments?

    Using this key information, and in combination with other tools, financial institutions can be in a position to start setting biodiversity targets across their activities. Join our experts to learn how the tool can work for you and hear from some of the banks and investors who have been beta-testing the tool on why this could be a turning point for the industry.

    ENCORE stands for ‘Exploring Natural Capital Opportunities, Risks and Exposure’; developed by the UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC), the UN Environment Programme Finance Initiative (UNEP FI) and Global Canopy. Collectively these organisations represent the Natural Capital Finance Alliance (NCFA). ENCORE is generously funded by the Swiss Federal Office for the Environment.
  • Launch: UNEP FI’s Portfolio Impact Analysis Tool for Banks - Version 2 Recorded: Apr 29 2021 92 mins
    UNEP FI
    One year after the launch of its first Portfolio Impact Analysis Tool for Banks, UNEP FI is pleased to launch Version 2 (V2) of the Portfolio Impact Analysis Tool for Banks. Designed to support banks in their implementation of their impact analysis requirements under the Principles for Responsible Banking (PRB), the Tool has received its first upgrade after a year of piloting by PRB Signatories.

    New features include a dedicated section to support and document users’ preliminary scoping work, increased capacity, a revised assessment section, including a new, in-built indicator library as well as a dashboard visualisation of the final outcomes of the analysis.

    V2 also includes numerous enhancements to user experience and will come with an updated User Guide. The new User Guide includes tips on how to apply UNEP FI’s unique holistic impact methodology with or without ‘off-the-shelf’ usage of the Tool.

    Join us for a walk-through of V2, and insights from users, as well as to find out what’s next in this vibrant part of UNEP FI’s work.
  • Climate Change Litigation and Liability Risks in Adaptation Activities & Finance Recorded: Apr 20 2021 70 mins
    Sarah Barker, Ellie Mulholland, Josh Dellios (MinterEllison) | Eric Usher (UNEP FI) | Vessy Haralampieva (EBRD)
    To explore adaptation finance from a litigation perspective, UNEP FI has collaborated with MinterEllison to examine how litigation may increase or reduce the barriers to adaptation finance identified in the earlier reports. The output of this collaboration, a high-level briefing paper “Liability Risk and Adaptation Finance: Legal action as a driver and consequence of climate-related physical risk adaptation”, will be launched at this event.

    The Forgotten Climate-related Financial Risk: The Role of Climate Litigation in Adaptation and Adaptation Finance is a high level briefing paper that will explore the legal implications of adaptation (or a lack thereof) to climate change-related impacts. By reference to existing cases and the likely future direction of litigation, it will show how climate litigation can act as both a driver and consequence of adaptation or maladaptation.

    As a corollary of the analysis, observations will be drawn on the potential for litigation (or the risk / spectre of liability) to help overcome some of the barriers to scaling finance for adaptation identified by UNEP FI, such as: weak management of physical climate risk (CLF v ExxonMobil); lack of meaningful disclosure of climate risks (Abrahams v CBA); and moral hazard (Illinois Farmers).

    Understanding the role of climate litigation and liability as a catalyst of adaptation outcomes will contribute to the efficient pricing, and integration, of climate-related risk issues into financial decision-making, and assist in driving adaptation financing across the financial services sector. Conversely, if barriers to adaptation and adaptation financing are not removed, litigation may play a more prominent role as a driver of adaptation outcomes - albeit in a manner that is ad hoc, inefficient and expensive. The report will conclude with the key takeaways of the analysis for banks and investors.
  • Aligning finance for the net-zero economy: new ideas from leading thinkers Recorded: Apr 13 2021 70 mins
    Massamba Thioye (UNFCCC) | James Vaccaro & David Barmes (Climate Safe Lending Network)
    EIT Climate-KIC has partnered with UNEP FI to produce this ‘thought leadership’ series that aims to inspire financial actors worldwide to move from risk to alignment, challenge current assumptions around climate alignment and develop ideas and concepts on how alignment can best be achieved. We hope to encourage stakeholders that a proactive climate response is not only about disclosing risks, but also about investing in green opportunities that can enable the low emissions societies of the future. This series convenes innovators and industry experts to provoke discussion, challenge the status quo and guide the transformation of business and finance towards a sustainable future.
    UNEP FI and EIT Climate-KIC present the 5th and 6th papers of this Thought Leadership Series:

    “#5. Making Green Bonds Serve the Climate Goals"
    The fifth paper in this series will be presented by Massamba Thioye from UNFCCC, who proposes a reform of the current green bond framework to incentivize mainstream financiers to buy green bonds.

    "#6. Financial Stability in a Planetary Emergency: the role of regulators in a burning world"
    The sixth paper is from James Vaccaro, Director of Re:Pattern and David Barmes, Economist at Positive Money, who explore the leadership roles of regulators and the implications for financial institutions to accelerate the transition towards a resource-efficient and inclusive economy.
  • Turning the Tide: How to Finance a Sustainable Ocean Recovery -Afternoon Webinar Recorded: Mar 2 2021 61 mins
    Dennis Fritsch, Project Coordinator Sustainable Blue Economy, UNEP FI
    Banks, insurers and investors have a major role to play in financing the transition to a sustainable blue economy, helping to rebuild ocean prosperity and restore biodiversity to the ocean. Through their lending, underwriting and investment activities, as well as their client relationships, financial institutions have a major impact on ocean health and hold the power to accelerate and mainstream the sustainable transition of ocean-linked industries.

    This webinar will unveil the launch of a practical toolkit for financial institutions to pivot their activities towards financing a sustainable blue economy. This new report outlines strategies to avoid and mitigate environmental and social risks and impacts, as well as make the most of opportunities, when providing capital to companies or projects within the blue economy.

    Finance leaders from banking, insurance and investment sectors will add their insight and explain how this new Guidance can help them in their business, followed by a general discussion on the potential of the sustainable blue economy.

    Speakers will include:
    - Brenda de Swart, Head Sustainability & Communications, RaboFinance Chile, Rabobank
    - Klaas de Vos, Consultant, Ocean Fox Advisory
    - Dennis Fritsch, Project Coordinator Sustainable Blue Economy, UNEP FI
    - Lucy Holmes, Senior Programme Manager – Seafood Finance, WWF
    - Rolando Morillo, Senior Vice President / Portfolio Manager of ESG Thematic Investment Strategies, Rockefeller Capital Management
    - Ilias P. Tsakiris, CEO, American Hellenic Hull Insurance Company
UNEP FI
United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 240 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them.

UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.

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  • Title: Launch: UNEP FI Investment Portfolio Impact Analysis Tool
  • Live at: Jun 30 2021 11:00 am
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