UN Environment Finance Initiative
UNEP/FI is a unit of UNEP’s Economics and Trade Branch. Its mission is to identify and promote best practice with regard to the environment and sustainability for financial institutions. The Initiative’s origins go back to 1991, when UNEP started working with a small group of commercial banks to catalyse the industry’s response to the environmental agenda. In May 1992, just before the Rio Summit, a number of leading banks became signatories to the UNEP Statement by Banks on the Environment and Sustainable Development. In 1995, UNEP joined forces with the insurance sector to launch the UNEP Statement of Environmental Commitment by the Insurance Industry. Today UNEP FI works closely with approximately 165 commercial banks, investment banks, insurance and re-insurance companies, fund managers and venture capital funds to promote linkages between the respective objectives of environment and finance.
It delivers products ranging from professional development programmes and action-oriented reports to major international conferences that bring together financial professionals from around the globe. UNEP/FI also opens up a vast network of sustainable development contacts and information and networking services.
UNEP/FI works with numerous financial institutions at the national, regional and global levels. It has set up Task Forces in Africa, Asia Pacific, Central and Eastern Europe, Latin America and North America. UNEP/FI works with governments, academia and a number of multi-stakeholder groups.