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Banking Environment Initiative

The Chief Executives of some of the world’s largest banks created the Banking Environment Initiative (BEI) in 2010. Its mission is to lead the banking industry in collectively directing capital towards environmentally and socially sustainable economic development.

Latest news


Banking Environment Initiative leads discussion on sustainable trade finance with banking industry in Jakarta, Indonesia

22 July 2016 – The Banking Environment Initiative (BEI), the banking leadership group that CISL convenes, was invited by the global banking industry’s transaction banking association, BAFT, to lead discussions on sustainable trade finance at its Indonesia Trade Finance Workshop in Jakarta today.

Banking Environment Initiative leads discussion on sustainable trade finance with banking industry in Jakarta, Indonesia - Read More…

Cambridge Institute for Sustainability Leadership (CISL) takes Banking Environment Initiative work on sustainable commodity trade to Indonesia and China

21 March 2016 – At the invitation of banking regulators in Jakarta and Beijing, the CISL team and Banking Environment Initiative (BEI) banks recently convened in Indonesia and China to work with local partners to increase the sustainability of the palm oil trade.

Cambridge Institute for Sustainability Leadership (CISL) takes Banking Environment Initiative work on sustainable commodity trade to Indonesia and China - Read More…

J.P. Morgan and Societe Generale join 10 other banks in adopting the 'Soft Commodities' Compact

26 November 2015 – J.P. Morgan, one of the ten largest banks in the world, has adopted the ‘Soft Commodities’ Compact, becoming the first US bank to join an initiative that mobilises the banking industry to combat deforestation. Last week, French bank Societe Generale also adopted the Compact.

J.P. Morgan and Societe Generale join 10 other banks in adopting the 'Soft Commodities' Compact - Read More…

Greening the finance of China’s commodity imports

5 November 2015 – This week, the Cambridge Institute for Sustainability Leadership (CISL), the Banking Environment Initiative (BEI) and the Central University of Finance and Economics (CUFE) in Beijing will be holding the first in a series of workshops focusing on ‘Greening the finance of China’s commodity imports’.

Greening the finance of China’s commodity imports - Read More…

Banking Environment Initiative co-convenes roundtable on Green Bonds with investors and issuers

22 October 2015 – The banks of the Banking Environment Initiative (BEI), together with the Climate Bonds Initiative (CBI) and Clarmondial, convened a roundtable to discuss the Climate Bonds Standard for Investments in Agriculture, Forestry and Other Land Use (AFOLU). The event was hosted in London by Northern Trust Asset Management.

Banking Environment Initiative co-convenes roundtable on Green Bonds with investors and issuers - Read More…

Financial Stability and Environmental Sustainability: Briefing for policymakers

15 September 2015 – Ahead of a series of meetings of central banks and financial regulators in September, CISL and partners have issued a briefing for policymakers to summarise the current thinking on the links between financial stability and environmental (and social) risks.

Financial Stability and Environmental Sustainability: Briefing for policymakers - Read More…

Ten international banks commit to finance sustainable agricultural commodities by 2020

3 July 2015 – Standard Chartered Bank today become the tenth bank to formally adopt the Soft Commodities Compact, which aligns the banking industry with The Consumer Goods Forum’s resolution to help achieve zero net deforestation in their supply chains by 2020.

Ten international banks commit to finance sustainable agricultural commodities by 2020 - Read More…

Professor Alexander presents key findings on the report 'Stability and Sustainability in Banking Reform'

June 2015 – Professor Kern Alexander, lead author of ‘Stability and Sustainability in Banking Reform: Are Environmental Risks Missing from Basel III?’ gave a 10-minute overview of the main conclusions of his report at the Cambridge Expert Dialogue in April 2015. A video of his presentation is now available.

Professor Alexander presents key findings on the report 'Stability and Sustainability in Banking Reform' - Read More…

BEI initiates work on green bonds

16 June 2015 – As part of expanding its programme of work, the BEI is exploring the value it can add in enabling the stable growth of the green bonds market, itself a powerful contribution to the BEI’s mission to direct capital towards socially and environmentally sustainable economic development.

BEI initiates work on green bonds - Read More…

The Banking Environment Initiative forms ‘Sustainable Trade Finance’ Council

9 June 2015 – Building on the pilot Sustainable Shipment Letter of Credit for palm oil, the BEI has now formed a ‘Sustainable Trade Finance’ Council.

The Banking Environment Initiative forms ‘Sustainable Trade Finance’ Council - Read More…

Royal Bank of Scotland becomes the Banking Environment Initiative’s 11th Member

1 June 2015 – In April, the Banking Environment Initiative (BEI) welcomed its newest member, Royal Bank of Scotland, to its membership of 11 global banks working to lead the banking industry in directing capital towards socially and environmentally sustainable economic development.

Royal Bank of Scotland becomes the Banking Environment Initiative’s 11th Member - Read More…

Business case for sustainable timber: WWF highlights bank-corporate 'Soft Commodities' Compact

24 April 2015 – WWF’s Chief Economics Adviser in the UK highlights 'Soft Commodities' Compact between Banking Environment Initiative (BEI) and Consumer Goods Forum (CGF) as an example of global business leadership.

Business case for sustainable timber: WWF highlights bank-corporate 'Soft Commodities' Compact - Read More…

Financial Times references the BEI’s work on the sustainable commodity trade

20 April 2015 – FT article 'Sustainability in commodities accrues momentum' talks about the work of the Banking Environment Initiative.

Financial Times references the BEI’s work on the sustainable commodity trade - Read More…

How do Banks Finance Commodity Supply Chains?

21 January 2015 – How do Banks Finance Commodity Supply Chains? And how could they support the growth of sustainable production?

How do Banks Finance Commodity Supply Chains? - Read More…

Rabobank join Compact group

5 January 2015 – Rabobank has become the ninth bank to formally adopt the ‘Soft Commodities’ Compact between the Banking Environment Initiative (BEI) and the Consumer Goods Forum (CGF).

Rabobank join Compact group - Read More…

‘Soft Commodities’ Compact Implementation Group: Update for Stakeholders

30 October 2014 - The BEI has created a Compact Implementation Group, the purpose of which is to support an industry-level approach to implementation of the section of the ‘Soft Commodities’ Compact with the Consumer Goods Forum that relates to ‘Raising Industry-wide Banking Standards’. The group is convened and co-ordinated by CISL.

‘Soft Commodities’ Compact Implementation Group: Update for Stakeholders - Read More…

Goldman Sachs become the Banking Environment Initiative’s 12th Member

27 October 2014 – The BEI has recently welcomed its newest member, Goldman Sachs, to its group of 12 global banks leading on directing capital towards sustainable economic development.

Goldman Sachs become the Banking Environment Initiative’s 12th Member - Read More…

Stability and Sustainability in Banking Reform: Are Environmental Risks Missing in Basel III?

October 2014, report – The BEI’s focus to date has been driving sustainability standards into banking products and services by working with groups of leading customers. Its work in soft commodity supply chains has seen banks aligning with clients to develop commercially viable trade finance products and services that incentivise sustainable resource management. However, it has always been clear that those who regulate the financial system have a role to play in identifying and mitigating the potentially destabilising effects of environmental risks across the banking system as a whole.

Stability and Sustainability in Banking Reform: Are Environmental Risks Missing in Basel III? - Read More…

Standard Chartered become the Banking Environment Initiative’s 11th Member

08 October 2014 – The BEI has recently welcomed its newest member, Standard Chartered, to its group of 11 global banks leading on directing capital towards sustainable economic development.

Standard Chartered become the Banking Environment Initiative’s 11th Member - Read More…

The BEI participates in the UN Climate Summit

23 September 2014 – September saw world leaders, business and civil society convene for the UN Climate Summit in New York.

The BEI participates in the UN Climate Summit - Read More…

BEI-CUFE Seminar in China: Greening Banking Services, Beijing

17 September 2014 – This half-day seminar, co-hosted with Beijing’s Central University of Finance and Economics (CUFE), brought together representatives from regional and international banks and the People’s Bank of China (PBOC), as well as Chinese banking regulator, the CRBC, and leading food manufacturer and trader, COFCO.

BEI-CUFE Seminar in China: Greening Banking Services, Beijing - Read More…

BEI-BNI Seminar in Indonesia: Greening Banking Services, Jakarta

15 September 2014 – The purpose of this half-day seminar, hosted in partnership with Bank Negara Indonesia, was to explore whether there is value inherent in the BEI and Indonesian banking industry collaborating to ‘green’ banking services.

BEI-BNI Seminar in Indonesia: Greening Banking Services, Jakarta - Read More…

BEI plenary session at the GTR Asia Trade Finance Week, Singapore

09 September 2014 – During the most highly rated session of the week, the BEI presented its work on sustainable trade finance work at the largest trade finance conference in the world.

BEI plenary session at the GTR Asia Trade Finance Week, Singapore - Read More…

Banking Environment Initiative Forum 2014 Conference Report

September 2014 – Barclays Chief Executive Antony Jenkins led a group of representatives of global banks meeting in Hong Kong on June 24, 2014 to explore ways that banks can work with companies to promote sustainable means of production, starting with agricultural commodities.

Banking Environment Initiative Forum 2014 Conference Report - Read More…

The 'Soft Commodities' Compact between the CGF and BEI continues to build momentum

8 July 2014 – The current group of eight adopting banks comprises BEI members Barclays, Deutsche Bank, Lloyds Banking Group, Santander and Westpac as well as BNP Paribas, RBS and UBS, who are not BEI members.

The 'Soft Commodities' Compact between the CGF and BEI continues to build momentum - Read More…

The BEI Forum 2014, Hong Kong

24 June 2014 – Over 100 representatives of banks, consumer goods companies, agricultural producers and NGOs attended the BEI Forum 2014 in Hong Kong. The event was opened by Antony Jenkins, CEO of Barclays. He was followed by more than 20 speakers in keynotes and panels.

The BEI Forum 2014, Hong Kong - Read More…

A financing solution to incentivise sustainable commodity trade

29 April 2014 – Following the launch of the BEI’s Sustainable Shipment Letter of Credit (LC) at the World Economic Forum in Davos in January 2014, the BEI has partnered with the International Finance Corporation (IFC) to enable preferential treatment for trade in agricultural goods that meet internationally-recognised sustainability standards.

A financing solution to incentivise sustainable commodity trade - Read More…

Members

Professor Alexander presents key findings on Stability and Sustainability in Banking Reform

Contact

Thomas Verhagen, Senior Programme Manager, Finance Sector