The road to banking decarbonisation: The case of MENA

Presented by

Orestis Velentzas, UNEP FI Climate Mitigation & Banking Lead

About this talk

This webinar discusses key climate challenges in the MENA region and the role banks can play in mitigating those risks. Key concepts of climate mitigation for the banking sector are discussed, covering different areas in which policymakers and banks need to take action in order to accelerate banking decarbonisation including baseline measurement and reporting, commitment, target-setting, transition strategies and the operationalisation of net zero. Having set the conceptual framework, the webinar then discusses key findings from the analysis that UNEP FI has conducted on the state of banking decarbonisation in the MENA region, covering existing initiatives from policymakers as well as how banks have responded so far. Finally, the session outlines a set of recommendations for policymakers and banks, leveraging insights from best practices being observed globally. Download the report here: Speakers: - Dr Dalia Abdelkader - Chief Sustainability Officer, Commercial International Bank - Nuran Atef - MENA Regional Coordinator, UNEP FI - Orestis Velentzas - Climate Mitigation & Banking Lead, UNEP FI - Shargiil Bashir - Chief Sustainability Officer, First Abu Dhabi Bank Timeline: - Min 1-5: Intro - Min 5-14: Climate Change in MENA and the role of the banking system - Min 14-22: The role of public actors in transition - Min 22-30: The role of banks in transition - Min 30-47: Overview provided by First Abu Dhabi Bank - Min 47-60: Overview provided by Commercial International Bank
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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.