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Sustainable Finance News

Banking sector ‘active mindset’ key to accelerating response to climate crisis

30 January 2020 – A new report from the Banking Environment Initiative (BEI) highlights the need for the banking sector to develop an ‘active mindset’ in order to accelerate the transition to a net zero carbon economy. Pioneering banks have started to adopt this mindset, approaching the decarbonisation of the economy as a strategic opportunity.

Banking sector ‘active mindset’ key to accelerating response to climate crisis - Read More…

Dr Nina Seega appointed as Academic Visitor at the Bank of England

18 December 2019 – The Cambridge Institute for Sustainability Leadership (CISL) is delighted to announce that Dr Nina Seega, Research Director for CISL’s Centre for Sustainable Finance, has been appointed as academic visitor at the Bank of England.

Dr Nina Seega appointed as Academic Visitor at the Bank of England - Read More…

John Belgrove, Senior Partner at Aon, appointed Chair of the Investment Leaders Group

16 October 2019 – John Belgrove has been appointed Chair of the Investment Leaders Group (ILG), a group of 12 leading pension funds, insurers and asset managers convened by the University of Cambridge Institute for Sustainability Leadership (CISL).

John Belgrove, Senior Partner at Aon, appointed Chair of the Investment Leaders Group - Read More…

Nick Villiers appointed Director of CISL’s Centre for Sustainable Finance

September 2019 – Nick Villiers joins the Cambridge Institute for Sustainability Leadership this month to lead the Centre for Sustainable Finance, which undertakes deep industry collaboration, high-calibre research, and exceptional education programmes with over 50 global financial institutions to help them play a leading role in building a more sustainable economy.

Nick Villiers appointed Director of CISL’s Centre for Sustainable Finance - Read More…

CISL’s Centre for Sustainable Finance welcomes the UK’s Green Finance Strategy

2 July 2019 – Today the UK government has launched its Green Finance Strategy, setting out its green finance objectives and ambitions.

CISL’s Centre for Sustainable Finance welcomes the UK’s Green Finance Strategy - Read More…

Centre for Sustainable Finance chairs discussion on the challenges facing hydropower in Africa

28 May 2019 – Last month, the Centre for Sustainable Finance chaired a panel discussion on attracting private finance into sustainable infrastructure, with the focus on hydropower, at the “Africa 2019” Water Storage and Hydropower Development for Africa conference in Windhoek, Namibia.

Centre for Sustainable Finance chairs discussion on the challenges facing hydropower in Africa - Read More…

Centre for Sustainable Finance hosts the FRANTIC consortium's first workshop

27 May 2019 – Earlier this month, the Centre for Sustainable Finance hosted a workshop on quantifying climate-related transition risks to the UK financial system. The workshop was organised by the consortium behind the project FRANTIC – Financial Risk and the Impact of Climate Change.

Centre for Sustainable Finance hosts the FRANTIC consortium's first workshop - Read More…

Bank 2030 Project: Research participation opportunity

25 April 2019 – Would you like to participate in a research project on the role of banks in financing the low carbon economy? Researchers at the University of Cambridge Institute for Sustainability Leadership (CISL) are looking for participants for this new study.

Bank 2030 Project: Research participation opportunity - Read More…

Working paper finds that better disclosures are needed to assess long-term orientation of investment funds

20 March 2019 – The Investment Leaders Group found that the data necessary to enable institutional and retail investors to assess the long-term orientation of the investment funds is not currently available.

Working paper finds that better disclosures are needed to assess long-term orientation of investment funds - Read More…

Investors and lenders need better tools to manage climate risk to homes, mortgages and assets, finds new research

22 February 2019 – New open-source models from ClimateWise, a global insurance network, offer step-by-step guides to help the financial industry prepare for risks posed by climate change.

Investors and lenders need better tools to manage climate risk to homes, mortgages and assets, finds new research - Read More…

A growing interest from the investment community on ways to measure impacts at the launch event of the Investment Impact Framework

08 February 2019 – The launch event of the Investment Impact Framework brought together over 120 asset managers and asset owners, academics, sustainability experts, alongside EU Commission officials, to discuss the opportunities, challenges and next steps to measure investment impacts.

A growing interest from the investment community on ways to measure impacts at the launch event of the Investment Impact Framework - Read More…

Better measures needed to help savers choose investment products, new report finds

January 31 2019 – The Investment Leaders Group found that the data necessary to assess the social and environmental impact of funds is lacking.

Better measures needed to help savers choose investment products, new report finds - Read More…

Helping insurers gear up for regulation on climate related financial risk: ClimateWise Principles now aligned with TCFD recommendations

17 December 2018 – The ClimateWise Principles, which aim to help insurers disclose their response to climate change, have now been revised to align fully with the recommendations set out by the Taskforce for Climate-related Financial Disclosures (TCFD).

Helping insurers gear up for regulation on climate related financial risk: ClimateWise Principles now aligned with TCFD recommendations - Read More…

A landmark report supported by CISL assesses the financial impact of disruptive energy transition

11 October 2018 – On Monday, De Nederlandsche Bank (DNB) launched an energy transition risk stress test for the financial system of the Netherlands. The study, supported by the University of Cambridge Institute for Sustainability Leadership's Centre for Sustainable Finance, provides a first attempt at assessing potential financial stability impact of a disruptive energy transition.

A landmark report supported by CISL assesses the financial impact of disruptive energy transition - Read More…

State Street joins the Investment Leaders Group

31 July 2018 – State Street is the latest organisation to join the Investment Leaders Group, a body of 12 influential investors dedicated to cultivating sustainable economic development.

State Street joins the Investment Leaders Group - Read More…

La Banque Postale Asset Management joins the Investment Leaders Group

26 July 2018 – The Investment Leaders Group (ILG) has welcomed La Banque Postale Asset Management to its group of global investors leading on directing capital towards sustainable economic development.

La Banque Postale Asset Management joins the Investment Leaders Group - Read More…

Joint CISL–UK Treasury event on growing the green fintech market

12 July 2018 – On the third anniversary of Rewiring the Economy, the Sustainable Finance team from the University of Cambridge Institute for Sustainability Leadership (CISL) co-convened a roundtable discussion with the UK Treasury to explore the roles of industry and governments in the development of green fintech markets.

Joint CISL–UK Treasury event on growing the green fintech market - Read More…

Two-thirds of G20 member states are engaged with the Financial Stability Board’s climate risk disclosure recommendations

31 May 2018 – Approximately two-thirds of G20 member states have actively engaged with the recommendations of the Task Force on Climate Related Financial Disclosures (TCFD), set up by Bank of England Governor Mark Carney to help the financial sector take account of climate-related issues.

Two-thirds of G20 member states are engaged with the Financial Stability Board’s climate risk disclosure recommendations - Read More…

Helping insurers get on the front foot in managing climate change risks

4 May 2018 – The ClimateWise Principles set to become the go-to TCFD disclosure framework for insurance industry.

Helping insurers get on the front foot in managing climate change risks - Read More…

Top investment executives commit to sustainable finance Action Plan in high-level meeting with European Commission

10 April 2018 – Investment leaders with more than $12 trillion under management and advice shared insights with the European Commission to support the implementation of the EU’s Action Plan on Sustainable Finance.

Top investment executives commit to sustainable finance Action Plan in high-level meeting with European Commission - Read More…

Landmark recommendations on driving sustainability into Europe’s financial system published, advised by CISL

8 March 2018 – The European Commission has today published its response to the recommendations of the High-Level Expert Group (HLEG) on Sustainable Finance, marking a major milestone in how to ensure that the financial system channels capital into a truly sustainable economy.

Landmark recommendations on driving sustainability into Europe’s financial system published, advised by CISL - Read More…

ClimateWise welcomes its new Chair following an unprecedented year of climate losses for the insurance sector

16 January 2018 – Dominic Christian, Executive Chairman of Aon Benfield International has been appointed Chair of ClimateWise. ClimateWise is a group of 28 leading insurance industry organisations facilitated by the University of Cambridge Institute for Sustainability Leadership (CISL). Dominic replaces the outgoing Chair Maurice Tulloch, Chief Executive Officer, International Insurance at Aviva whose term ended on 31 December 2017.

ClimateWise welcomes its new Chair following an unprecedented year of climate losses for the insurance sector - Read More…

New green trade finance platform will support China’s Belt & Road trade initiative

December 2017 – A landmark agreement amongst Chinese stakeholders to form a pre-competitive, industry level platform for green trade finance in China was made at a high level summit convened by the University of Cambridge Institute for Sustainability Leadership and the Banking Environment Initiative (BEI). China has the largest trading volumes in the world, as well as being a major importer of commodities produced around the world. Commitments to green trade finance made at this summit have the potential to trigger change of global significance.

New green trade finance platform will support China’s Belt & Road trade initiative - Read More…

Blue chips and startups launch new fintech pilot for more sustainable supply chains at the One Planet Summit

12 December 2017 – Six international companies and banks and four fintech startups today announced a pioneering new initiative that will test whether blockchain and other technologies can help unlock financial incentives that reward sustainability in supply chains.

Blue chips and startups launch new fintech pilot for more sustainable supply chains at the One Planet Summit - Read More…

Aon is the 10th member to join the Investment Leaders Group

30 November 2017 – The Investment Leaders Group is delighted to announce Aon as the latest member to join its global network of pension funds, insurers and asset managers committed to advancing the practice of responsible investment.

Aon is the 10th member to join the Investment Leaders Group - Read More…

2017 Set to Be Among the Most Expensive on Record After Year of Climate Disasters, Insurance Leaders Warn

21 November 2017 – A climate risk protection gap of US$1.7 trillion caused by extreme weather over the past decade opens up many new opportunities for insurers, says ClimateWise.

2017 Set to Be Among the Most Expensive on Record After Year of Climate Disasters, Insurance Leaders Warn - Read More…

10 recommendations for using fintech to help solve sustainability challenges in new report from CISL

November 2017 –The Fintech Taskforce, convened by CISL’s Banking Environment Initiative, today presents its recommendations on how to design collaboration between multinationals, financial institutions and starts-ups to help solve critical global challenges.

10 recommendations for using fintech to help solve sustainability challenges in new report from CISL - Read More…

CISL delivers keynote address at Dutch pension fund summit

20 October 2017 – Andrew Voysey, Director, Sustainable Finance at the University of Cambridge Institute for Sustainability Leadership (CISL), today delivered a keynote address to a gathering of over 100 Dutch pension fund Board representatives.

CISL delivers keynote address at Dutch pension fund summit - Read More…

High Level Expert Group on Sustainable Finance linked to two EU policy changes

27 September 2017 – The European Commission’s High Level Expert Group (HLEG) on Sustainable Finance, of which CISL is the only academic member, has seen two important changes in EU policy that implement recommendations published in the HLEG interim report.

High Level Expert Group on Sustainable Finance linked to two EU policy changes - Read More…

Banking Environment Initiative welcomes HSBC

8 June 2017 – The Banking Environment Initiative (BEI) welcomes its newest member, HSBC, to its membership of 12 global banks working to lead the banking industry in directing capital towards socially and environmentally sustainable economic development.

Banking Environment Initiative welcomes HSBC - Read More…