Name: Climate risk assessment and scenario analysis: Insights for banks in Africa and Middle East
Start: 2024-09-18T11:00:00Z
End: 2024-09-18T11:01:00.000Z
Location: BrightTALK
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United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 240 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them.

UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.

Aligning financial flows with the Kunming-Montreal Global Biodiversity Framework (GBF) is crucial for addressing harmful financial practices while upscaling finance that positively impacts nature and biodiversity. Resource mobilization for the GBF involves both public and private sector contributions, with the upcoming COP16 negotiations playing a pivotal role in defining the monitoring framework for the resource mobilization indicator (Indicator D3). This framework will assess the effectiveness of private sector support for biodiversity, ensuring alignment with the GBF’s objectives and contributing to global conservation efforts.

Effective monitoring and alignment of financial flows require a clear understanding of the definitions, frameworks, and practices that qualify as biodiversity finance. This webinar will present two key papers: the UNEP FI and Finance for Biodiversity Foundation’s (FfB) nature-positive paper and the EU Business & Biodiversity Platform’s paper on business models and investment for nature. Additionally, the webinar will provide insights into what to expect at COP16 in Cali, Colombia, and will feature a panel discussion on how financial institutions can enhance and track positive impact finance.

For any related questions, please contact:

 • Natasha Boric, Finance for Biodiversity Foundation, natacha.boric@financeforbiodiversity.org
 • Jessica Smith, UNEP FI, jessica.smith@un.org
 • Sylvaine Rols, PRI, sylvaine.rols@unpri.org
 • Anne-Marie Bor, EU Business & Biodiversity Platform, a.bor@nextgreen.nl
 • Martha Bailon, EU Business & Biodiversity Platform, m.bailon@nextgreen.nl

"We need to talk about biodiversity" series. Countdown to Cali. Private sector contributions to resource mobilization.

Aligning financial flows with the mission of the Kunming-Montreal Global Biodiversity Framework (GBF) requires both addressing negative financial flows and upscaling finance with a positive impact on nature and biodiversity.

Resource mobilization for the GBF cuts across public and private sector contributions. The monitoring framework for the resource mobilization indicator (so-called indicator D3), to be negotiated at the UN Biodiversity Conference COP16, will help assess how effectively and extensively the private sector supports biodiversity, ensuring these resources align with the GBF’s objectives and contribute significantly to global conservation efforts.

The effective monitoring of the alignment of financial flows requires a better understanding of the definitions, frameworks and practices that qualify as biodiversity finance that can contribute to the GBF goals and targets. In this webinar, we will present two papers on positive impact finance: UNEP FI and Finance for Biodiversity’s (FfB) nature-positive paper and the EU Business & Biodiversity Platform’s business models and investment for nature paper. We will also offer insights on what to expect at the upcoming COP16 in Cali (Colombia) and host a panel discussion on the broader efforts by financial institutions to upscale and track positive impact finance.

We need to talk about biodiversity: Countdown to Cali and private sector contributions to resource mobilization

Join us for the launch of the newest guidance documents from the Principles for Responsible Banking, designed to help banks move beyond analysis and target-setting, towards actionable implementation. This webinar will focus on how Client Engagement and Effective Governance can be used as tools to promote responsible banking progress. 

What you’ll learn:
• Client Engagement: Discover how banks can leverage client engagement to meet existing sustainability targets. This guidance offers sector-agnostic and theme-agnostic advice on effective client engagement for key sustainability topics. It discusses a structured approach for effective client engagement, covering both the internal setup and client engagement activities, in the form of an engagement cycle.

• Sustainability Governance: Gain insights into the governance structures, systems, and processes critical to delivering on environmental and social strategies. This guidance highlights effective practices among PRB signatory banks and integrates recommendations from leading sustainability standards, including TCFD, TNFD, and ISSB standards.

Beyond target-setting: Enabling tools to promote responsible banking progress

Discover how your institution can become part of a growing global network of banks that are shaping the future of sustainable finance. The Net-Zero Banking Alliance (NZBA), bank-led and UN-convened, brings together the world's leading commercial banks committed to aligning their financing activities with ambitious climate action.

NZBA members are at the forefront of the global economic transition to net zero, creating value for their investors, clients, and customers whilst driving real-world impact.

NZBA’s science-based approach aligns with the crucial goal of limiting global warming to 1.5°C above pre-industrial averages and reaching net-zero emissions by 2050. Join representatives of the NZBA Steering Group and Secretariat in this webinar to explore the benefits of becoming a member and how your bank can join, drive positive change, and unlock new opportunities in the net-zero economy.

Speakers:
- Shargiil Bashir, Chair of the Steering Group, Net-Zero Banking Alliance, and Chief Sustainability Officer at First Abu Dhabi Bank (FAB)
- Sarah Kemmitt, Secretariat Lead, Net-Zero Banking Alliance

There will be a session at 09:00 and 17:00 CEST. The same information will be presented at each session.

How to Join the Net-Zero Banking Alliance - Session 2

How to Join the Net-Zero Banking Alliance - Session 1

The circular economy replaces the linear “take-make-waste” economic model and transitioning to it requires mainstreaming circular business models and significant financing, making private investment crucial for its success.

This webinar will mark the launch of the first two reports of a series of guidance documents designed to support banks leverage the nexus between circular economy and environmental & social impact in their journey towards responsible banking. The first paper highlights the actions banks can take to manage the nexus between circularity and climate, creating real- world impact in reducing GHG emissions, starting with the buildings & construction and textile sectors.

Speakers include:
• Prof. Claudio Zara - Researcher and Adjunct Professor, Bocconi University, GREEN Research Centre 
• Luigi Riccardo - Head of Circular Economy Desk, Intesa Sanpalo Innovation Center 
• Niina Pussinen - Lead Circular Economy & Biodiversity, ABN Amro 
• Dipeeka Ramgolam - Sustainability Lead - ESG & Climate, The Mauritius Commercial Bank Ltd.
• Joe Rodgers - Programme Manager Finance Initiative, Ellen Mac Arthur Foundation
• Martin Pauli - Global Circular Economy Services Leader, Arup 
• Peggy Lefort, Pollution and Circular Economy Lead, UNEP FI 
• Kavita Sachwani – Sr. Implementation Guidance Coordinator, UNEP FI

Circular economy: An enabler for responsible banking

This webinar will present the Climate Mitigation Journey for Banks - a net-zero strategy framework that outlines in a single place all the business capabilities that banks need to build and iterate for years to come to align themselves with the Paris Agreement. Building upon the Principles for Responsible Banking (PRB), the framework includes practical examples from different sectors of the real economy and outlines materials and resources provided by UNEP FI and other actors of the net-zero banking ecosystem that can support banks at each step of the journey. The webinar will also discuss the regional components that banks need to consider as they build and deliver their net-zero transition strategies.

The Path to Net Zero: A Climate Mitigation Journey for Banks

Accelerating Climate Response For Corporates, Banks, And Smallholders In The Agricultural Sector Of African Markets.

This webinar will delve into the cost of extreme weather to agriculture value chains in African economies, and the opportunities for banks, insurers, and investors to make a positive difference today. Experts panellists from the African financial sector will discuss practical innovations to safeguard against catastrophe during this recorded event.

V20 SIF: Climate risks and innovations for agricultural value chains in Africa

UNEP FI has launched a UNEP FI-ESRS Interoperability Package which helps banks leverage the close alignment between the Corporate Sustainability Reporting Directive (CSRD) and the Principles for Responsible Banking (PRB), using the UNEP FI Holistic Impact Methodology. During this webinar, we will provide an overview and walk-through of the resource package which includes a user guide, topic and data point mappings, as well as a conversion tool which will lift relevant datapoints from the UNEP FI Portfolio Impact Analysis Tool for Banks (Version 3) for CSRD reporting. 

EU law, through the CSRD, requires companies to disclose information on what they see as the risks and opportunities arising from social and environmental issues, and on the impact of their activities on people and the environment, supported by the European Sustainability Reporting Standards (ESRS).

Leveraging the Principles for Responsible Banking for CSRD implementation

Energy efficiency is key to sustainable development, offering significant potential in fighting climate change, alleviating energy poverty and mitigating air pollution. Despite its importance, investments in various sectors, such as real estate, transportation and among small and medium sized enterprises (SMEs) remain hindered by various barriers, including those related to risk.  Our webinar delves into how banks and insurers can play a critical role in bridging the investment gap and promoting energy efficiency, not only through conventional means but also through innovative instruments and approaches.

Speakers:
Daniel de Búrca, Head of Policy and Regulatory Affairs, International Credit Insurance & Surety Association (ICISA)
Marc du Plessis, Executive Head - LookSee Platform, Standard Bank
Moira Gill, Associate Vice President, Environment, Government and Industry Relations, TD Insurance
Preksha Tripathi, Client Manager and Relationship Manager, Government Business, Munich Re

Scaling energy efficiency:how insurers and banks can support sustainable finance

The need for scaled-up private investment in adaptation & resilience has never been greater. Reported financing flows are way below estimated needs, with an estimated gap of more than USD 387 billion per year to implement domestic adaptation & resilience priorities. At the same time, private investors are increasingly aware of the emerging opportunities in this space. Recent analysis has estimated that around 11% of publicly listed companies may deliver products and services that may contribute towards adaptation & resilience, and that investments in companies providing adaptation & resilience solutions can yield benefit-to-cost ratios of up to 15:1.

Despite these opportunities, private investment is still hindered by the lack of clear, practical and investor-relevant metrics that can be used to identify, appraise and prioritise investments that make meaningful contributions towards adaptation & resilience. This webinar will present a new report by the Adaptation and Resilience Investor Collaborative (ARIC) that demystifies the assessment of positive impacts from investing in climate adaptation & resilience, and provides a practical methodology and set of example metrics for investors to use.

Download the report ahead of the webinar at: unepfi.org/themes/climate-change/adaptation-resilience-impact-a-measurement-framework-for-investors/

Adaptation and Resilience Impact: A measurement framework for investors

Este seminario web, realizado en español, explorará los desafíos específicos para brindar financiamiento de protección a micro, pequeñas y medianas empresas en naciones vulnerables al clima en la región de América Latina y el Caribe. Los panelistas discutirán las diferentes soluciones para superar la brecha de seguros, incluidas las iniciativas lideradas por bancos y microfinanzas, los argumentos comerciales para la inversión y las implicaciones de la inactividad.

Explorando los Retos al Financiamiento Climático en Latinoamerica y el Caribe

Join us to learn more about the recent updates to the Guidelines for Climate Target Setting for Banks.

Along with the NZBA Commitment Statement, the guidelines detail the commitment that each bank makes by being an NZBA member. NZBA member banks led a review of the guidelines from early 2023 to early 2024. Based on these consultations, NZBA sent a series of proposed updates to the membership in February 2024 that members voted to adopt.

The updated version maintains the overarching ambition and all key principles of the original guidelines. Key updates include:

    - Including capital market activities in the scope of targets for the first time. For some banks, capital markets arranging and underwriting services provided in the issuance of new debt and equity instruments are their largest source of attributable greenhouse gas emissions.
    - Updating and clarifying technical language to reflect the evolution of practices, methodologies, and data availability in the last three years, for instance, by updating guidelines on stakeholder engagement and transition planning.
Speakers will explain the major updates. Attendees will also have 15 minutes to share feedback and ask questions about the updated guidelines.

Speakers
    - Tracey McDermott, Chair of the Net-Zero Banking Alliance and member of Standard Chartered’s management team
    - Sarah Kemmitt, Secretariat Lead, Net-Zero Banking Alliance
    - Simon Messenger, Implementation Lead, Net-Zero Banking Alliance
    - Ivan Frishberg, member of the Net-Zero Banking Alliance Steering Group, and Chief Sustainability Officer at Amalgamated Bank

Understanding Updates to the Guidelines for Climate Target Setting for Banks

The Net-Zero Asset Owner Alliance will launch the fourth edition of its Target-Setting Protocol on 18 April 2024.  

The Alliance’s protocol governs how its 89 institutional investor members set their climate targets. This fourth (and now standing) edition of the protocol is the most comprehensive guidance yet for any voluntary initiative. The updates include: 

- Requirements for setting 2030 targets in line with the Paris Agreement and the Article 4.9 schedule 
- Expansion of portfolio coverage, to include all private asset classes
- Additional steps in assessing sovereign debt, advising use of the ASCOR database   

In this webinar, the head authors of the protocol will discuss its most important aspects. Specifically, they will address requirements for real estate target setting, the protocol’s approach on financing the net-zero transition, the role of engagement, and the vision for what an enabling policy environment looks like.  

The audience will also have ample time to ask questions.  

Speakers: 

- Jesica Andrews, Head of Climate Accountability, UNEP FI 
- Jean-Francois Coppenolle, Director of Responsible Investment, Abeille Assurances 
- David Land, Head of Investment Strategy, Rothesay 
- Thomas Van Rompaey, Sustainability Officer, AXA IM 
- Udo Riese, ESG Lead, Allianz AIM
- Carolin Gresch, Climate Change Team Consultant, UNEP FI

Launch: NZAOA Target-Setting Protocol (fourth edition)

On the 25th of March, 09:00 CET, UNEP PSI's V20 Sustainable Insurance Facility will hold a panel discussion regarding climate-smart insurance. Brandon Mathews, Global Coordinator for the V20 Sustainable Insurance Facility, will host a webinar with the initiative's Asia Pacific regional coordinator, speaking with industry leaders in the region to uncover the significant challenges inhibiting access to insurance for Micro, Small, and Medium-sized Enterprises in climate-vulnerable nations.

V20 SIF: Solving the Insurance Last Mile for Climate Cover in Vulnerable Nations

There has been a pivotal shift in the financial industry, which has broken down silos between finance and science. Over 650 financial institutions have committed to shift their loan books and investment portfolios to achieve net zero emissions. Tens of thousands more are assessing the climate impact on and of their investments. To do so, financial institutions are navigating a complex  environment of different climate scenarios and supporting tools.
 
To support financial institutions—IIASA, PIK and UNEP FI—have joined forces to map some of the most widely used net-zero scenarios. The mapping includes the International Energy Agency’s (IEA) NZE2050, the One Earth Climate Model (OECM) and the Network for Greening the Financial System (NGFS)'s Integrated Assessment Models (IAMs). 

In this webinar, leading climate modelers and tool developers will discuss how their work can be insightful to banks, investors, and insurers. The audience will have the opportunity to ask the scenario developers questions on model assumptions and use cases.

Speakers:
- Bas van Ruijven (IIASA),
- Jerome HILAIRE (IEA),
- Jesica Andrews (UNEP FI),
- Oliver Richters (PIK),
- Shafaq Ashraf (Transition Pathways Initiative/LSE), and
- Sven Teske (UTS).

Navigating sector scenarios for net-zero target setting

This webinar will explore regulatory developments necessary to support banks in integrating and mitigating plastic-related risks and impacts in their business activities. Following the adoption in 2022 of a historic resolution to forge an international legally binding agreement to end plastic pollution, negotiations are currently ongoing and expected to lead to the signing of the treaty in 2024. Following an analysis of the current landscape, the webinar will showcase a panel discussion featuring experts from regulatory authorities and the banking industry.

Co-organized with Ecofact, this event is the fourth edition of a series of webinars addressing key thematic issues in emerging sustainable finance regulation.

Emerging regulatory approaches to managing plastic pollution

Banks from Africa and Middle East (AME) are facing an increasing demand to accelerate their climate mitigation efforts, driven by the impacts of climate-related and transition risks on their portfolios, international climate agreements, NDC financing needs, as well as evolving public policies and regulations. UNEP FI developed the Climate Mitigation Journey (CMJ), a climate strategy framework outlining the business capabilities banks need to build and iterate for years to come as they are looking to advance their path to net zero. To address the knowledge needs of African and Middle Eastern banks, this webinar on climate risk assessment and scenario analysis will provide:
• an overview of physical and transition risks and their implications for AME
• the regulatory landscape for climate risk reporting
• the tools and methodologies for climate scenario analysis. 

This webinar is part of a series of regional sessions on various climate-related topics relevant to the needs of banks from AME.

Climate risk assessment and scenario analysis: Insights for banks in Africa and Middle East

Climate Change

Climate Risk

Net Zero

Climate Mitigation

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