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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


    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…