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Banking Environment Initiative

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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

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…

The BEI-CGF Soft Commodities Compact is released

2 April 2014 – The ‘Soft Commodities’ Compact, a unique, client-led initiative that aims to mobilise the banking industry as a whole to contribute to transforming soft commodity supply chains – and therefore help clients achieve zero net deforestation by 2020 – is now available.

The BEI-CGF Soft Commodities Compact is released - Read More…

University of Cambridge research investigates bank regulation

24 January 2014 – A new research project as been established to investigate whether financial sector regulation in its current form could actually be increasing financial sector risk by failing to take adequate account of both positive and negative environmental externalities that affect financial stability.

University of Cambridge research investigates bank regulation - Read More…

Sustainable Shipment Letter of Credit: A financing solution to incentivise sustainable commodity trade

January 2014 – The first tangible result of the ‘Soft Commodities’ Compact has been produced. The BEI’s Sustainable Shipment Letter of Credit is a financing solution that can be used by banks to incentivise the international trade of sustainably produced commodities. The International Finance Corporation (IFC) has confirmed it will offer preferential terms for this type of shipment to its partner banks, offering the potential reductions in the cost of capital.

Sustainable Shipment Letter of Credit: A financing solution to incentivise sustainable commodity trade - Read More…

The White House: BEI joins consumer goods giants to brief Obama Administration on incentivising sustainable agricultural commodity production

4 December 2013 – Represented by Jeremy Wilson, Vice Chairman of Corporate Banking at Barclays and Chair of the BEI’s Working Group, the BEI joined Chief Executives of Consumer Goods Forum companies Unilever, Nestlé, Coca-Cola, Royal Ahold & Co, SC Johnson, Walmart and Cargill to brief the Obama Administration on how BEI banks and CGF companies are working together to drive deforestation out of supply chains.

The White House: BEI joins consumer goods giants to brief Obama Administration on incentivising sustainable agricultural commodity production - Read More…

Presenting a model for incentivising the trade of sustainably produced commodities

September 2013 – The organisers of GTR’s Asia Trade Finance Week – the largest trade finance conference for companies, trading houses, banks and insurers in Asia – asked the Cambridge Institute for Sustainability Leadership (CISL) and the banks of the Banking Environment Initiative to present the concept we have been developing for a ‘Sustainable Shipment’ model that would offer financial incentives for the trade of sustainably produced commodities, including agricultural commodities like palm oil, soy, timber products and beef.

Presenting a model for incentivising the trade of sustainably produced commodities - Read More…

BEI ‘Sustainable Shipment Letter of Credit’ concept warmly received by BAFT-IFSA and ICC Banking Commission

April 2013 – The BEI’s inaugural Forum in London in November 2012 inspired an idea for integrating commodity-specific sustainability standards into the documentary trade finance process. This could prove to be a key enabler in the emergence of verifiably sustainable commodities on traded markets.

BEI ‘Sustainable Shipment Letter of Credit’ concept warmly received by BAFT-IFSA and ICC Banking Commission - Read More…

BEI explores ‘Fossil Fuel Diversification Premium’ to advance clean energy investment in New York

22 April 2013 – At a private dinner at The Harvard Club in New York City, the BEI and Bloomberg New Energy Finance convened executives from major US, European and Chinese electric utilities with senior energy bankers to advance its collaboration on clean energy investment.

BEI explores ‘Fossil Fuel Diversification Premium’ to advance clean energy investment in New York - Read More…

An Options Approach to Unlocking Investment in Clean Energy

November 2012 – A group of six Banking Environment Initiative (BEI) banks and six energy companies argue in this paper that using traditional investment valuation models is not always the best approach for valuing clean energy investments.

An Options Approach to Unlocking Investment in Clean Energy - Read More…

BEI Forum 2012

November 2012 – The first results of the BEI's innovative bank–corporate partnerships for sustainability were shared at the inaugural BEI Forum in London. More than 120 people attended, including the senior leadership of BEI banks and representatives of other banks from as far afield as China and the US.

BEI Forum 2012 - Read More…

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BEI Forum 2012: Keynote Address by HRH The Prince of Wales