Session 5 - UNEP Finance Initiative - Private Sector Finance.pdf
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Session 5 - UNEP Finance Initiative - Private Sector Finance
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Session 5 - UNEP Finance Initiative - Private Sector Finance.pdf
- 1. Working with banks, insurers and investors to create a sustainable finance sector UNEP Finance Initiative 4 May 2023
- 3. UNEP FI The United Nations partner with the global financial sector We work with 450+ banks, insurers and investors, representing $100+ trillion assets, to agree on frameworks and norms and provide guidance to advance market practice on sustainable finance and responsible investment. We catalyse action across the financial system to with the Sustainable and the Paris Climate align economies Development Goals Agreement. We co-create practical research, tools and peer- exchange forums to help financial institutions deliver on their sustainability journey for stakeholders. unepfi.org | 3
- 4. unepfi.org Sustainable Blue Economy Finance Initiative
- 5. Sustainable Blue Economy Finance Initiative Global community – banks, insurers, investors Expert, pioneering network Actionable Guidance Sustainable Blue Economy Finance Principles Linked to UN Environment Programme 1. Protective 2. Compliant 3. Risk Aware 4. Systemic 5. Inclusive 6. Cooperative 7. Transparent 8. Purposeful 9. Impactful 10. Precautionary 11. Diversified 12. Solution Driven 13. Partnering 14. Science-Led www.unepfi.org/blue-finance/the-principles unepfi.org | 5 SustainableBlue Economy FinancePrinciples Community of practice: 85+ members |USD 11trn total assets
- 6. unepfi.org | 6 From Principles to Action This guidance provides financial decision-makers across banking, insurance and investment with a science-based and actionable toolkit Recommendations for activities across ocean-linked sectors to… Avoid financing Challenge Seek out Too harmful Too risky Activities & topics to engage clients / project developers on Best practise Opportunities Solid Waste Prevention & Management Coastal Infrastructure & Resilience Access this resource here:
- 7. unepfi.org | 7 Prevention Before Management UPSTREAM IMPACTS DOWNSTREAM Prioritise prevention measures Overlapping Producer and Manager responsibility Effective collection and transfer LOCAL CONTEXT Development status Regulatory backdrop Informal sector
- 8. unepfi.org Finance Leadership Group on Plastics
- 9. unepfi.org | 9 UNEA 5.2 historic resolution and Intergovernmental Negotiation Committee A core group of banks and insurers convened by UNEP FI • to support the development of the future legally binding instrument (ILBI) to end plastic pollution, providing constructive input for the development of an ambitious ILBI that creates the framework and the environment to enable the private finance sector to fully play its role in ending plastic pollution, • to build readiness in the finance sector to take action on plastic pollution, contributing to raising awareness and knowledge in the private finance sector on plastic pollution and the actions required to prevent and reduce it,and to building readiness in the finance sector to respond to the future ILBI. Finance Leadership Group on Plastics
- 10. Thank you Peggy Lefort Pollution and Circular Economy Lead, UNEP Finance Initiative peggy.lefort@un.org UNEP FI Industry and Economy Division