Climate Action in Financial Institutions
General
| Name of initiative | Climate Action in Financial Institutions |
|---|---|
| LPAA initiative | No |
| NAZCA Initiative | No |
| Website address | https://www.mainstreamingclimate.org/ |
| Related initiatives | |
| Starting year | 2015 |
| End year | |
| Secretariat | The Institute for Climate Economics (I4CE) perfoms the role of the Secretariat of the Climate Action in Financial Institutions Initiative since December 2016.
I4CE 24 avenue Marceau 75008 Paris – France |
| Organisational structure | The current governance structure of the initiative comprises two bodies:
1) The Supporting Institutions Assembly consists of all financial institutions whose management has publically confirmed its support for the Climate Action in Financial Institutions Initiative and acknowledged the guidance provided by the voluntary Principles for Mainstreaming Climate Action within Financial Institutions. Supporting Institutions have also confirmed their interest in participating (on a voluntary basis) in the ongoing knowledge sharing and development of emerging operational approaches and practices linked to the voluntary Principles. The Assembly takes responsibility for high-level decisions, while day-to-day decisions are delegated to the Coordination Group. 2) The Coordination Group is a permanent body (with rotating membership of Supporting Financial Institutions) and which is supported by a secretariat. In 2016, representatives of 4 supporting institutions were nominated to undertake this role in its first term, each of them represents a constituency of Supporting institutions. • EBRD representing Multilateral development banks • AFD representing International/bilateral/regional/national development banks • HSBC representing Developed country commercial financial institutions • YES BANK representing Developing country commercial financial institutions 3 ) The Secretariat is an independent entity that supports the Coordination Group for the implementation of its various tasks. Among its responsibilities, the Secretariat provides in depth inputs to the different work streams and the construction of the annual work plan and assists the Coordination Group in the organisation of meetings and the internal and external outreach of the initiative. Since late 2016, the Coordination Group has selected the Institute for Climate Economics (I4CE) to house the Secretariat. I4CE has been involved in the area of mainstreaming climate action within financial institutions and has produced a number of reports on topics related to the initiative’s work streams. |
| Geographical coverage | Global |
| Name of lead organisation | I4CE |
| Type of lead organisation | Academic/Research institution |
| Location/Nationality of lead organisation | France |
Description
| Description | Launched in 2015, the Climate Action in Financial Institutions Initiative aims to provide public and private financial institutions an opportunity to learn from each other, to disseminate good practice and lessons learned and to collaborate on areas of common interest. |
|---|---|
| Objectives | |
| Activities | |
| One or two success stories achieved |
Monitoring and Impacts
| Function of initiative | Technical dialogue, Political dialogue |
|---|---|
| Activity of initiative | Knowledge dissemination and exchange, Awareness raising and outreach |
| 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 | 0 | |
| Companies | 0 | |
| Business organisations | 0 | |
| Research and educational organisations | 0 | |
| Non-governmental organisations | 0 | |
| National states | 0 | |
| Governmental actors | 0 | |
| Regional / state / county actors | 0 | |
| City / municipal actors | 0 | |
| Intergovernmental organisations | 0 | |
| Financial Institutions | 0 | |
| Faith based organisations | 0 | |
| Other members | 0 | |
| Supporting partners | 0 | |
| Number of members in the years | | |
| 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 | No | Yes | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No |
Not only have national states as participators