Just the shortest of notes to let you know that I resigned from UNEP on 21 December, 2011, after serving with the United Nations for just over 11 years.

I will quit as head of UNEP Finance Initiative on 29 February, 2012. I am returning to the private sector to pursue new opportunities. I will remain involved in the sustainable finance and responsible investment space and I am sure that our paths will cross again in coming years.


I believe that UNEP FI has contributed significantly to the evolution of thinking, ideas, and standards around sustainable finance and responsible investment since 1992.


Clearly, given the crash of 2007-8 and the on-going turbulence in markets worldwide, we have immense challenges ahead to mainstream sustainable finance and responsible investment making it an integral part of the way our markets work. As we know, some things are worth fighting for and financial stability that delivers sustainability is one of them.


I look forward to staying in touch and many thanks for the friendship that comes with the UNEP FI family and the broader sustainable finance and responsible investment community worldwide.


Yours sincerely,

PCH signature 

Paul Clements-Hunt

Head of UNEP FI

    HighlightThe Highlight

Unique opportunity for financial institutions to show commitment to natural capital at the Rio+20 Earth Summit


National Australia Bank, Rabobank and Robeco increased their commitment to factor in natural capital considerations in their operations by being the first endorsers of the Natural Capital Declaration. UNEP FI welcomes CEOs of other financial institutions to endorse this statement, thereby demonstrating commitment and leadership at the Rio+20 Earth Summit to work towards integrating natural capital criteria in financial products and services.


This statement, developed by and for financial institutions, states that endorsing banks, investors and (re)insurance firms acknowledge the financial materiality of natural capital to their business. Furthermore, endorsing institutions commit to taking action to embed natural capital considerations in lending, investment and insurance products and services, while calling upon governments to develop the regulatory frameworks to stimulate businesses through disclosure, reporting and fiscal measures to integrate, value and account for natural capital in a company's operations.


By endorsing the declaration, financial institutions re-affirm the importance of natural capital in maintaining a sustainable global economy, and call upon the private and public sectors to work together to create the conditions necessary to maintain and enhance natural capital as a critical economic, ecological and social asset.


More information here.


    NewsUNEP FI News 
Visit UNEP FI News 

Cop 17: UNEP FI promotes the mobilising of private capital towards a low-carbon and climate resilient economy


At the COP 17, UNEP FI managed to bridge the public-private divide on climate change by engaging in a number of focused and technical dialogues that centred on mobilising private capital towards a low-carbon and climate-resilient economy.


Topics discussed with international policy-makers were private finance engagement in the Green Climate Fund and REDD+ implementation, as well as approaches to use the risk management and transfer skills of the insurance industry to address loss and damages due to climate change. 


UNEP FI continued these discussions, with a webinar, Outcomes of the Global Climate Change Conference in Durban (COP17), that brought together experts from the private sector to discuss impacts of the Durban decisions and their implications on financial markets.


More information here.

    PublicationsUNEP FI Publications
New report: Insurance in a Changing Risk Landscape - Local lessons from the Southern Cape of South Africa

Cover changing risk landscapeTaking heed of the changing risk landscape across the world, UNEP FI supported the launch of a report on the emerging threats and opportunities the trend represents for South African insurers. 


The study, released in November, uses the concrete example of South Africa's Southern Cape Province, to offer a sanpshot of the challenges borne out of a quickly evolving local risk horizon. 


Among risk factors flagged by the report are an increased human development and growing exposure of infrastructure; changes in weather patterns as a result of climate change; and the deterioration and disappearance of regulating ecosystems. 


This report also initiates a dialogue on how insurers should collaborate with governments, clients and stakeholders in more systematically addressing the drivers of risk in an integrated manner. 


Full download here.


Re-launch of And Yet It Moves - Success Stories and Drivers of CDM Project Development in Sub-Saharan Africa


International carbon markets have promised to catalyze low-carbon investment in regions of the world that are in need of both sustainable growth and a stable climate system. The expectations for CDM project development in sub-Saharan Africa were therefore particularly high; the results to date rather disappointing. 


Through real-world case studies in a number of countries and across different types of low-carbon technologies, this study shows that, despite many barriers and difficult circumstances, it is possible to combine financial with environmental returns in a region that is in need of both.


Full download here.

    UpcomingEventsUNEP FI Upcoming Events

Upcoming report launch: Financing Renewable Energy in Sub-Saharan Africa, 21 February, Nairobi, Kenya


This month, UNEP FI will launch an in-depth report on the financing of renewable energies in developing countries, focusing on the drivers and barriers for private finance in Sub-Saharan Africa.

Sub-Saharan Africa has the world's lowest electricity access rate, at only 26 per cent. To close this gap, the involvement of private financiers and investors is crucial. For these private financiers, the risk-return profile of a project is the key determinant of whether or not to finance.


The focus of this report is to identify and portray current barriers to the scale up of private investment and finance for electricity generation form renewable energy sources in the Sub-Saharan region.


More information soon.


Webinar on the Natural Capital Declaration on 6 March, 9 AM CET, and 7 March, 3 PM CET


UNEP FI, the Global Canopy Program (GCP) and The Center for Sustainability Studies of the Business Administration School of the Getulio Vargas Foundation (FGV) invite all UNEP FI members to join this webinar to understand the nuts and bolts of this new initiative that will be launched a the Rio+20 Earth Summit. Hear first-hand:

  • What the Natural Capital Declaration is comprised of;
  • Why it is of interest to financial institutions - whether in banking, investment or insurance;
  • How financial institutions can endorse the Natural Capital Declaration;
  • Why NAB and Rabobank are committed to the Natural Capital Declaration as endorsers;
  • Plans for Rio+20.

The seminar is going to be an interactive session during which there is an opportunity to interact with panelists and actively participate in the discussion. 


More information here.

    TrainingUNEP FI Training

Updated 2012 online-course on Climate Change: Risks and Opportunities for the Finance Sector


Next course: 16 April to 7 May 2012


With record levels of greenhouse gas emissions in 2011, and record levels of weather-related impacts, costs and financial losses, we know climate change is here to stay, and to only become stronger.


Responding to the need to better understand the impacts of this phenomenon, the Climate Change: Risks and Opportunities for the Finance Sector online course, equips participants with a fundamental understanding of the science behind climate change, the architecture of the international climate change regime, and how financial markets - across banking, investment and insurance - can cope with the resulting risks and seize the opportunities.


More information and registration here.


The Environmental and Social Risk Analysis Online Course

ESRA Online Course


Next course: 

  • English: 20 February - 9 March
  • Spanish: 27 February - 16 March
  • French: 12-30 March 

The aim of this course is to educate risk managers and analysts in commercial, corporate, investment and retail banking in or dealing with developing countries and emerging markets, in the identification, analysis and management of environmental and social risks generated through their lending and investment activities. Upcoming ESRA Online Courses:


More information and registration here.


The FEEE Online Course (Promotional Offer)


Next course: Spanish: 11 - 29 June


The objective of the Course is to promote the transition towards a low-carbon economy, through the financing and investment in energy efficiency projects, specifically in Buildings. Upcoming FEEE Online Courses: 


More information and registration here.

    CommunityUNEP FI Community

Four members joined the UNEP FI community over the December-January period.


Actis joins the Investment Commission and with the advent of Bradesco Bank, Bank bjb and Garanti Bank, UNEP FI's fast-growing Banking Commission expands.

Actis logo Actis have realised USD 4.3 bn from USD 1.7 bn cash invested since it was established in 2004. Actis invests in response to two trends: rising domestic consumption driven by the rapid expansion of the new consumer class, and the need for sustained investment in infrastructure.

Bradesco logo Founded 68 years ago and listed on the Sao Paulo, New York and Madrid stock exchanges, Bradesco Bank is one of Brazil's chief private banks and owns the largest insurance company in Latin America.

Garanti logo Garanti Bank is Turkey's second largest private bank, and represents the highest ratings assessed to a Turkish bank.

bank bjb_logoBank bjb, finally, is a government-owned, commercial bank that promises to bring a fresh perspective to UNEP FI and will contribute to broadening the partnership's understanding of sustainable banking. 
    NewsfromPartnersNews from Partners

Globe 2012, 14-16 March, Vancouver, Canada 


UNEP FI is proud to partner with Globe 2012, a platform for crucial talks on securing financial sustainability, responsible investment, integrated reporting, and a cleaner economy. Join business and government leaders from around the world as they consider the increasingly important role of sustainability in ensuring greater long-term stability of the global economy.


More information here.


Global Energy Basel, 21-22 February, Basel, Switzerland


This UNEP FI-backed summit brings together high-profile representatives from government, economy and society to address the policy and financing of sustainable urban infrastructure through the GEB professional platform. The conference has been organized under the leadership of the Government President of the City of Basel, Guy Morin, and the Director of the Swiss Secretariat for Economic Affairs (SECO), Marie-Gabrielle Ineichen-Fleisch. 


More information here.

TBLI Conference Asia 2012, 24-25 May, Hong Kong, China

The prime annual global networking and learning event on Environmental, Social and Governance (ESG) and Impact Investing. The theme for 2012 is: "Why Occupy? Try TBLI".


More information here. 

To get in touch with the UNEP FI Secretariat, please contact info [at] unepfi.org or visit us at www.unepfi.org.

Newsletter contents



Monthly top downloads


Innovative financing for sustainable small and medium enterprises in Africa


UNEP FI 2009 Overview (Korean version)


Responsible Investment in Focus: How leading public pension funds are meeting the challenge  

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