is also underway to develop the positive impact investing. Finally, a wave of other interested parties have emerged, from students on campuses campaigning for fossil fuel divestment to members of pension funds demanding more transparency from their fiduciaries.
Continuing to accelerate this transition to a low carbon future must remain in focus, not only through investment practices, but also through policies. For example, if the global economy is dedicating a trillion dollars a year into new infrastructure, it must be environmentally sound infrastructure: Who builds it, with what materials, and to what end determines whether it contributes to sustainable development. To truly work towards sustainable development, efforts must consider not only changing climate, but also address water security concerns, deforestation, achieve ecosystem integrity, establish resource efficiency, foster social equity, and entrench the principles of a circular economy.
Green bonds
Green bonds refer to a fixed-income financial instrument (bond) that finances low-carbon and resource-efficient activities
Positive Impact Manifesto
The Manifesto provides a roadmap to establishing a new impact-based approach to banking and financing that produces a positive impact on the economy, society or the environment and contribute to the achievement of sustainable development. It is a result of the unique partnership between UNEP and the global financial sector under the UNEP Finance Initiative programme
UNEP Finance Initiative
Created in the context of the 1992 Rio Earth Summit, the UNEP FI works to understand today’s environmental challenges, why they matter to finance, and how financial institutions can actively participate in addressing them. The UNEP FI partnership today includes a global network of over 200 banks, insurers and investors from over 50 countries.
Data Improve the
availability, quality and comparability of data on water use, forest impacts, etc.
Enabling environment
Changes in fiscal & other economic incentives to advance shift to low- carbon, resource efficient assets
$ $ $ Financial
Stranded assets systematically assessed by finance and captial markets players
regulatory reform Expanding mandatory disclosure, green credit guidelines & other types of financial reform
Video: Climate change and financial stability speech by Mark Carney, Governor of the Bank of England
© Bank of England Video Link:
http://www.bankofengland.co.uk/publications/Pages/speeches/2015/844.aspx 15
UNEP FRONTIERS 2016 REPORT
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