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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.

    The Banking Environment Initiative is convened by the University of Cambridge Institute for Sustainability Leadership (CISL), which also provides the Secretariat. Decisions and positions of the group do not represent the policies or positions of CISL or of the wider University of Cambridge.

    Programme

    Sustainable agricultural supply chains

    The Soft Commodities Compact is a unique client-led initiative that aims to mobilise the banking industry as a whole to contribute to transforming soft commodity supply chains and help clients achieve zero net deforestation by 2020.

    The Sustainable Trade Finance Council (STFC) aims to leverage banks’ role as facilitators of international trade and thereby accelerate the transition to a world where importing sustainably produced commodities, at scale, is a new market norm.

    Fintech for sustainability

    The BEI’s work on Fintech for Sustainability started with its Fintech Taskforce.

    This Taskforce has published a series of recommendations on the fundamental design questions related to how multinational companies, financial institutions and entrepreneurs should work together to harness fintech to help solve sustainability challenges in the real world. These recommendations are currently being implemented.

    Financial regulation for sustainability

    The BEI engages in the regulatory debate, including the EU and China, to evolve a level playing field for sustainable business models.

    For example, the BEI has served as a Knowledge Partner to the G20 Green Finance Study Group and is represented on the European Commission's High Level Expert Group on Sustainable Finance.

    Banking in the low carbon economy

    The BEI’s work in the low carbon economy aims to enable banks to protect and deliver value derived from the zero carbon economy.

    Bank 2030 is the first initiative to drive this agenda. It will produce a banking roadmap for how the banking sector can accelerate financing the low carbon transition and provide practice guidance for Chief Executives and professionals on banking that supports the transition to a low carbon economy. 

     

    Latest news


    G20 Leaders welcome 'Green Finance', supported by analysis commissioned from CISL’s Centre for Sustainable Finance

    5 September 2016 – World leaders meeting at the G20 Summit in Hangzhou, China, today issued a Communiqué recognising the importance of scaling up green finance and welcoming the voluntary options put forward by the G20 Green Finance Study Group (GFSG).

    G20 Leaders welcome 'Green Finance', supported by analysis commissioned from CISL’s Centre for Sustainable Finance - Read More…

    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…