General
Name of initiative
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Banking Environment Initiative (BEI)
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LPAA initiative
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No
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NAZCA Initiative
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No
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Website address
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http://www.cisl.cam.ac.uk/business-action/sustainable-finance/banking-environment-initiative
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Related initiatives
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|
Starting year
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2010
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End year
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Secretariat
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University of Cambridge Institute for Sustainability Leadership (CISL), 1 Trumpington Street, Cambridge, CB2 1QA, Annabel Ross, Senior Programme Manager, bei@cisl.cam.ac.uk
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Organisational structure
|
|
Geographical coverage
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Global
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Name of lead organisation
|
|
Type of lead organisation
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Network/Consortium/Partnership
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Location/Nationality of lead organisation
|
United Kingdom
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Description
Description
|
The Banking Environment Initiative (BEI) is a group of global banks, convened by the University of Cambridge Institute for Sustainability Leadership (CISL), committed to pioneering actionable pathways towards a sustainable economy. The BEI co-produces horizon scanning applied research, banking sector engagement and cross-cutting academic and industry collaborations. It is a member-led, not-for-profit group, initiated in 2010 with the support of The Prince of Wales.
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Objectives
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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.
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Activities
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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
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One or two success stories achieved
|
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Monitoring and Impacts
Function of initiative
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Technical dialogue, Funding
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Activity of initiative
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Knowledge production and innovation, Fundraising
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Indicators
|
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Goals
|
|
Comments on indicators and goals
|
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How will goals be achieved
|
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Have you changed or strenghtened your goals
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Progress towards the goals
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How are you tracking progress of your initiative
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Available reporting
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Participants
Participants
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Number
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Names
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Members
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9
|
|
Companies
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0
|
|
Business organisations
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0
|
|
Research and educational organisations
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1
|
|
Non-governmental organisations
|
0
|
|
National states
|
0
|
|
Governmental actors
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0
|
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Regional / state / county actors
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0
|
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City / municipal actors
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0
|
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Intergovernmental organisations
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0
|
|
Financial Institutions
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8
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Barclays (United Kingdom), BNP Paribas (United K.), Deutsche Bank (Germany), Lloyds Banking Group (United Kingdom), RBS (United Kingdom), Santander (Spain), Standard Chartered (United Kingdom)
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Faith based organisations
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0
|
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Other members
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0
|
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Supporting partners
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0
|
|
Number of members in the years
|
|
Have only national states as participators
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No
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Theme
Transport
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Agriculture
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Forestry
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Business
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Financial institutions
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Buildings
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Industry
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Waste
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Cities and subnational governments
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Short Term Pollutants
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International maritime transport
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Energy Supply
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Fluorinated gases
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Energy efficiency
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Renewable energy
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Supply chain emission reductions
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Adaptation
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Other
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Resilience
|
Innovation
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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: 8 March 2022 11:04:48
Not only have national states as participators