Unep Finance Initiative; Unep Fi - One Ocean Finance Lead

UNEP Finance Initiative (UNEP FI) - One Ocean Finance Lead

The Initiative will engage a broad range of financial institutions, including commercial banks, asset managers, insurers, and multilateral development banks and agencies in implementing global finance sector principles to catalyze integration of sustainability into financial market practice. The frameworks UNEP FI is supporting include Principles for Responsible Banking (PRB), now committed to by more than 210 banks collectively holding USD 53 trillion in assets, or one third of the global banking sector, and the Principles for Sustainable Insurance (PSI), established in 2012 by UNEP FI and today applied by one quarter of the world’s insurers (25% of world premium).

UNEP FI has an Ecosystems workstream that includes research and engagement with financial institutions on financing for a sustainable blue economy and sustainable land use, and will expand its focus on sustainable finance for food systems. The services will also help promote sustainability into all aspects of the financial sector’s operations and services. Finally, the services will help the Initiative broaden its outreach both within UNEP / UN and external to banks, insurers, investors, governments, regulators, private sector and multi‑stakeholders, including supporting institutions.