United Nations Environment Programme Finance Initiative (UNEP FI)

#InternshipOpportunity: UNEP FI is seeking an intern to join our SDGs & Impact Programme team. The intern will assist with the on-going research and development of tools, guidance materials and resources on impact management, with a specific focus on the Portfolio Impact Analysis Tool for Banks, the Investment Portfolio Impact Analysis Tool and associated mappings. Read more and apply by 8 December: https://ow.ly/FnNo50Ucs3o

Join us on 02 December for the online launch of new guidance from the PSI Working Group for Nature. This webinar will convene members of the PSI Insurance Working Group for Nature—a multi-stakeholder platform driving technical advancements and capacity building on nature-related issues and alignment with the Global Biodiversity Framework. During the webinar, the working group will launch its first output: "Insuring a Resilient Nature-Positive Future"—a guide outlining priority actions that non-life and life & health insurers can take to align with the Global Biodiversity Framework. Learn more and register here: https://ow.ly/WuCy50Uby1L #SustainableInsurance #InsuranceForNaturePositive

We are pleased to partner with Principles for Responsible Investment and The Generation Foundation on this new guidance to help investors navigate how to invest for sustainability impact.

With only a few days remaining, we encourage you to register for the second session of Investing in Climate Adaptation: Guidance for Investors. This session will address sector-specific challenges and opportunities for private equity and venture capital in climate adaptation. Case studies from experts will provide actionable insights into adaptation investment strategies. Whether you are beginning in adaptation finance or seeking to expand, this webinar offers critical tools for resilience in investment portfolios. Register here: https://ow.ly/KM6l50U2naQ #SustainableInvesting

With COP29 underway in Baku, climate action is taking center stage. And when the negotiations are over, focus shifts to implementation - and it starts with finance at the UNEP FI Global Roundtable 2024 from 10-11 December 2024. Join 2,500+ finance leaders for 2 action-packed days aimed at building the knowledge, networks and action plans needed to drive climate ambition and put the finance sector at the forefront of change. Meet the banks leading on climate action, Société Générale, BBVA, Banco Davivienda, Bank of Ireland, BancoSol, and more. And insurers advancing climate resilience and sustainability, Sun Life, Fidelidade, Zurich Insurance, MS&AD Insurance Group and more. Join us for must-attend sessions on climate including: - Driving 1.5 ambition through finance - Just transition: Incorporating human rights into climate finance - Transition finance: Opportunities and challenges - Scaling finance for adaptation View the newly updated agenda, speakers page and grab your ticket today: https://ow.ly/PBtt50U9Nup In collaboration with Building Bridges (9-12 December), Switzerland’s largest sustainable finance event, two of finance’s most influential gatherings unite under one roof this December. #GRT2024 #COP29

It was a pleasure to speak with a number of media outlets on the key elements of the first global guide on #transitionplans for #insurers produced by the UN Forum for Insurance Transition to Net Zero #FIT and launched at COP29 Azerbaijan last week. This global guide is the inaugural report of the FIT, a United Nations-led multistakeholder forum involving, among others, insurers, insurance regulators and supervisors, the scientific and academic community, and civil society, to advance insurance strategies and practices that accelerate and scale up a just transition to a resilient net-zero economy. One of the journalists I spoke to was Louise Isted of Insurance Day. We had a wide-ranging discussion on the various facets of the first deliverable of the FIT’s Transition Plan Project entitled, “Closing the Gap: The emerging global agenda of transition plans and the need for insurance-specific guidance”. Read the Insurance Day article (no paywall): https://lnkd.in/dP6xDnNW Read the FIT report: https://lnkd.in/g-SAYw9z   Read the UN announcement: https://lnkd.in/gV2C-F-F Next, the FIT will develop deep-dive guidance for underwriting portfolios. Then it will produce the FIT Transition Plan Project's third and final deliverable—holistic transition plan guidance that provides a "total balance sheet", organisational-wide view—linking the underwriting and investment portfolios of insurance companies. Stay tuned for further developments in this space in 2025. United Nations Environment Programme Finance Initiative (UNEP FI) #SustainableInsurance #NetZeroInsurance #InsuranceForNaturePositive #InclusiveInsurance Louise I.

We are pleased to invite you to the second session of our Investing in Climate Adaptation webinar series, designed to equip investors with practical guidance on climate adaptation finance. In collaboration with British International Investment, FMO, and the UNEP FI-led Adaptation & Resilience Investors Collaborative (ARIC), the Climate Investment Playbook provides a clear framework for private equity and venture capital to engage in climate-resilient investments. Participants will hear from experts and learn through real-world examples how these frameworks are applied in practice. This session is essential for investors committed to understanding and addressing climate risks within their portfolios. Register here to join: https://ow.ly/8lQF50U2mFx #ClimateAdaptation

Do you want to better understand what COP29 is all about? The Principles for Responsible Banking Academy's Climate Change is what you are looking for! It aims to raise bankers’ awareness and knowledge of #climatechange, to better understand the impact that it has on their institutions and how to mitigate climate risks. Enrol a cohort of learners today at the Academy website below. Discover more: https://lnkd.in/eZkxhg69 #PRBAcademy

At the South African Pavilion at COP29 Azerbaijan, I had the pleasure of providing a keynote presentation on how the UN Environment Programme is working with the global insurance industry and key stakeholders in building resilient communities and supporting a just transition to a net-zero and nature-positive economy. The session discussed the main findings of the upcoming report by the The African Climate Foundation and Krutham on how #climateriskinsurance can be scaled up to enhance resilience in Africa, with a focus on Kenya, Malawi and South Africa. In 2023, climate-related disasters in Africa led to USD 14.7 billion in economic losses, with insurance covering only one-fifth of the total. At the same time, annual funding meets only 11% of Africa’s adaptation needs. It was a wide-ranging discussion that highlighted various roles that the insurance industry can play in helping build resilient communities and economies as risk managers, insurers and investors. We discussed key factors to help make insurance solutions at the micro, meso and macro levels in Africa — from #smallholderfarmers and #MSMEs, to #cooperatives, #cities and #countries — accessible, affordable, scalable and sustainable. We also touched on the opportunity for insurers to use their investments to finance adaptation projects and climate-resilient infrastructure. Many thanks to Cecilia Schultz (Krutham) for sharing the key findings of the upcoming report and to Iva Detelinova (The African Climate Foundation) for seamlessly moderating a diverse panel. It was brilliant to hear the insightful and practical views of my fellow panellists: Amy Barnes (Marsh McLennan), Sinja Buri (Munich Climate Insurance Initiative), and Dagmawi Haileyesus Assefa (PULA).  Looking forward to the formal launch of the report in the coming weeks. United Nations Environment Programme Finance Initiative (UNEP FI) The Nairobi Declaration on Sustainable Insurance #SustainableInsurance #NetZeroInsurance #InsuranceForNaturePositive #InclusiveInsurance