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T1 Banking and Sustainability Time for Convergence - Policy Briefing
A1 University of Cambridge, 
A1 United Nations Environment Programme, 
K1 finance
K1 risk
K1 banking
K1 environmental impact assessment
K1 climate change
K1 risk management
K1 environmental financing
K1 Finance
YR 2015
FD 2015
LK https://wedocs.unep.org/handle/20.500.11822/32231
UL https://wedocs.unep.org/handle/20.500.11822/32231
NO In 2014, the UNEP Finance Initiative (UNEP FI) and the University of Cambridge Institute for Sustainability Leadership (CISL, working with and on behalf of the Banking Environment Initiative – BEI) commissioned a study entitled, “Stability and Sustainability in Banking Reform – Are Environmental Risks Missing in Basel III?” (‘The CISL/UNEP FI Basel Report’1). The resulting report pointed to the material links between financial stability and environmental (and social) risks, which are already being experienced, and that are likely to become more pronounced and complex in the future. It offered several recommendations for supranational and national banking regulators accordingly. This briefing provides a synthesis of the current state of thinking on the topic, based on the work above. It is intended as a means of sharing key findings with policy-makers and of engaging them on the matter.
DS UN Environment Document Repository
RD Sep 17, 2026