Tagged on: Resource efficiency

Reports and Books
ECGFS Detailed Recommendation 14: Mandatory Disclosure
United Nations Environment Programme

In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemented by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial system.This detailed report on one of the fourteen recommendations complements the main report."


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2015
Reports and Books
ECGFS Detailed Recommendation 1: Green Banking System
United Nations Environment Programme

In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemented by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial system.This detailed report on one of the fourteen recommendations complements the main report."


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2015
Reports and Books
ECGFS Detailed Recommendation 11: Green Investor Networks
United Nations Environment Programme

In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemented by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial system.This detailed report on one of the fourteen recommendations complements the main report."


Download: English
2015
Reports and Books
ECGFS Detailed Recommendation 13: Lender Liability
United Nations Environment Programme

In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemented by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial system.This detailed report on one of the fourteen recommendations complements the main report."


Download: English
2015
Reports and Books
Monetary Policy And Sustainability: The Case of Bangladesh
United Nations Environment Programme

Central banks have wide ranging effects on the economy and society as a whole. Their decisions on monetary policy and sustainability are closely intertwined but the links between the mandates, objectives and instruments of central banks and a broad sustainability agenda are rarely reflected in policy debates. This report focuses on monetary policy and its sustainability impacts in Bangladesh. It lays out areas for exploration and provides initial insights into Bangladesh’s economic development, its sustainability priorities as well as its financial system, and the relationship between these aspects and the country’s monetary policy. It also reviews the mandate, objectives, targets, and instruments of the country’s central bank, as well as the effectiveness of the transmission channels at its disposal. At the same time, it highlights that knowledge gaps on the topic remain significant."


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2015
Reports and Books
ECGFS Detailed Recommendation 3: Green the Development Banks
United Nations Environment Programme

In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemen4ed by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial system.This detailed report on one of the fourteen recommendations complements the main report."


Download: English
2015
Reports and Books
ECGFS Background Paper A: Theoretical Framework
United Nations Environment Programme

In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemented by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial system. This detailed background report on the theoretical framework complements the main report."


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2015
Reports and Books
ECGFS Detailed Recommendation 5: Green Bonds
United Nations Environment Programme

In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemented by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial system.This detaildd report on one of the fourteen recommendations complements the main report."


Download: English
2015
Reports and Books
Stock Exchanges and Sustainability
United Nations Environment Programme

Stock exchanges have historically played an important role in economic growth and development through enabling effective capital allocation. However, exchanges and markets more broadly have changed over time, in structure, interconnectedness and rate of activity. This has happened against a backdrop of growing recognition of the unsustainability of the current economic growth path in both social and environmental terms. Sustainability advocates and others have identified stock exchanges and evolving market structure as both contributors to the problem and a potential partner in the solution. Markets and by extension, the companies listed on exchanges and the investors in those companies, are increasingly short-term in outlook and appear not to value the environmental and social impact of corporate behaviour. This is due to a range of factors including (but not limited to) the lack of disclosure by listed companies of relevant environmental, social and governance information, as well as an evolving market structure and trading behaviour that favours trading above investing. Given that it is increasingly clear that environmental and social issues have an impact on corporate performance, exchanges (or the relevant securities regulators) must require disclosure in the same way that financial disclosure is required. Exchanges also have a role to play in developing sustainability indices, ratings and associated products that are useful to investors as they seek to shift to more sustainable investment. More fundamentally, it is necessary to address some of the challenges posed by new market structures. This requires improving the understanding of how the current and evolving market structure impacts on the core capital raising and allocation function of markets and redefining market quality to reflect this linkage. Markets will not, however, even if optimized for sustainability, solve the sustainability challenge, as they should reflect societal norms and expectations, rather than driving them.


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2015
Reports and Books
The Role of Policy-Driven Institutions in Developing National Financial Systems for Long-Term Growth
United Nations Environment Programme

Policy-driven institutions such as national development banks (NDBs) and national green funds (NGFs) attract a growing interest to provide grants, credit-enhancement instruments or lend directly to project proponents in specific green sectors, with billions of dollars allocated by governments to support these interventions. As part of ongoing efforts to better understand their comparative effectiveness to deepen national financial systems, the paper discusses the role of NGFs in catalysing institutional innovations and facilitating access to long-term affordable finance for green, low carbon and climate resilient investment. It argues that the key added value of NGFs might rest in their capacity to foster institutional innovations and partner with other financial and regulatory institutions to increase the diversity and depth of local financial markets in order to enhance the domestic supply of green finance."


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2015