Sustainable Finance in Action: UNEP FI’s Latest Review

Financial institutions can have an increasingly transformative role in shaping finance to address environmental sustainability as global economy recovers. As financial institutions have a critical role in the transition to net zero, the UN Principle for Responsible Banking provides a framework to embed achieving the Sustainable Development Goals (‘SDGs’) and the Paris Agreement as core elements of their strategies. Banks have been developing and implementing green mortgage programs to address environmental sustainability in high-risk risk regions while driving underwriting practices towards net-zero by 2050, according to UNEP FI’s review of sustainable finance.

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