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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


    UK Treasury Minister welcomes BEI’s Fintech Taskforce

    17 February 2017 – The Minister’s response came after the announcement of the Taskforce by the Banking Environment Initiative (BEI) following an event hosted by CISL’s Patron, His Royal Highness The Prince of Wales.

    UK Treasury Minister welcomes BEI’s Fintech Taskforce - Read More…

    Dr Paul Fisher appointed as Vice Chair of the Banking Environment Initiative

    13 February 2017 – Dr Fisher is the Bank of England’s former Executive Director for Supervisory Risk and Regulatory Operations as well as the former Deputy Head of the Prudential Regulation Authority (PRA).

    Dr Paul Fisher appointed as Vice Chair of the Banking Environment Initiative - Read More…

    CISL selected by European Commission as the only academic member of High-Level Expert Group on Sustainable Finance

    10 January 2017 – The European Commission has appointed the University of Cambridge Institute for Sustainability Leadership as one of the 20 members of the newly established Group.

    CISL selected by European Commission as the only academic member of High-Level Expert Group on Sustainable Finance - Read More…

    CISL meet with finance leaders to accelerate the transition to a green financial system

    20 October 2016 – Today a group of leaders from 22 leading finance sector institutions met to review achievements made by the G20 to date, and to develop the priority actions needed to push forward real progress in creating a greener financial system.

    CISL meet with finance leaders to accelerate the transition to a green financial system - Read More…