Banking Environment Initiative (BEI)

General

Name of initiative Banking Environment Initiative (BEI)
LPAA initiative No
NAZCA Initiative No
Website address http://www.cisl.cam.ac.uk/business-action/sustainable-finance/banking-environment-initiative
Related initiatives
Starting year 2010
End year
Secretariat University of Cambridge Institute for Sustainability Leadership 
Organisational structure
Geographical coverage Global
Name of lead organisation
Type of lead organisation Network/Consortium/Partnership
Location/Nationality of lead organisation United Kingdom

Description

Description The Banking Environment Initiative (BEI) was initiated in 2010 with the support of The Prince of Wales to identify new ways in which banks can collectively stimulate the direction of capital towards environmental sustainable economic growth.
Objectives BEI's mission is to lead the banking industry in collectively directing capital towards environmentally and socially sustainable economic development.

In 2010, the Consumer Goods Forum (CGF)'s Board of Directors committed their 400 members, representing a combined procurement power of over $3 trillion, to achieving zero net deforestation in their supply chains by 2020. The 'Soft Commodities' Compact was the result of two years of extensive collaboration between the Banking Environment Initiative (BEI) and the CGF, with advice from WWF, to align the banking industry with this goal. The Compact was endorsed by the CGF Board in December 2013, welcomed by the Obama Administration at a White House meeting shortly after, and used to exemplify powerful industry-to-industry partnerships at a special session of the World Economic Forum’s Annual Meeting in Davos in January 2014. The banks that have now adopted the Compact account for approximately 50 per cent of global trade finance.

Activities Current workstreams in soft commodities and financial regulation.

Participants is the BEI comprises 10 banks from Asia to Europe and the Americas: Barclays, BNY Mellon, China Construction Bank, Deutsche Bank, Lloyds Banking Group, Nomura, Northern Trust, Santander, Sumitomo Mitsui and Westpac. The BEI is convened by the University of Cambridge Institute for Sustainability Leadership (CISL), which also provides the BEIs Secretariat. Funders is the Members

One or two success stories achieved

Monitoring and Impacts

Function of initiative Technical dialogue, Funding
Activity of initiative Knowledge production and innovation, Fundraising
Indicators
Goals
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals
How are you tracking progress of your initiative
Available reporting

Participants

Participants Number Names
Members 12  
Companies 0
Business organisations 0
Research and educational organisations 1
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 11 1 Barclays (United Kingdom),  2 BNY Mellon (USA),  3 Deutsche Bank (Germany),  4 Goldman Sachs (USA),  5 Lloyds Banking Group (United Kingdom),  6 Northern Trust (USA),  7 RBS (United Kingdom),  8 Santander (Spain),  9 SMBC (Japan),  10 Standard Chatered (United Kingdom),  11 Westpac (Australia)
Other members 0
Supporting partners 0
Number of members in the years
2018
13
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No Yes Yes No No No No No No No No No No No No No No No No Yes
Last update: 29 May 2019 13:41:00

Not only have national states as participators