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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


    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…