At the United Nations Climate Change Conference in Madrid on 9 December we presented our recommendations on how the support of the transition to a sustainable economy and a carbon-neutral future can be further incentivised. The recommendations are part of a new EBF report titled ‘Encouraging and Rewarding Sustainability‘ that identifies how public-private cooperation can be leveraged to accelerate sustainable finance.
The EBF report outlines a number of concrete proposals to stimulate and contribute to the debate of the European institutions, regulators and banks on how to scale up sustainable activities, mobilise and redirect private financial flows to support such activities, develop new instruments and increase the number of eligible projects and help capital markets developments.
The EBF has been one of the first endorsers and keen promoters of the Principles for Responsible banking, giving their potential to substantially accelerate the banking industry contribution to Paris objectives and SDGs. Learn more
43 banks launch Net-Zero Banking Alliance as key part of consolidated Glasgow Cop Climate Action
The European Banking Federation (EBF) welcomes the global Net Zero Banking Alliance (NZBA) convened by the United Nations Environment Programme Finance Initiative (UNEP FI) together with 43 banks. The launch unites existing and new net-zero finance initiatives into one sector-wide strategic forum: The Glasgow Financial Alliance for Net Zero (GFANZ). The newly found alliance will work to mobilise trillions of dollars necessary to deliver goals outlined in the Paris Agreement. The founding banks have committed to ensuring engagement with clients on their green transition and decarbonisation, promoting real economy transition in addition to withdrawal from lending to unsustainable economic activities. Learn more
A joint project of the European Banking Federation (EBF) and the United Nations Environment Programme Finance Initiative (UNEP FI) to assess the extent to which the EU Taxonomy on Sustainable Activities could be applied to core banking products.
The EBF is critically assessing the key dynamics and financing activities of European banks in order to achieve the SDGs. Our main goal is to promote best practices to assist European banks in adopting a vision and strategy aligned with the SDGs and provide a reference point regarding the current status of SDG incorporation in the EU banking sector. A report is expected in Q4 2020.
Finance against human trafficking
EBF is collaborating with the Liechtenstein Initiative for Finance Against Slavery and Trafficking (FAST) to raise awareness and mobilize our members against modern slavery and human trafficking. FAST has worked with a number of EBF members, including the Liechtenstein Bankers Association – one of its project partners – the Dutch Banking Association and the Swiss Bankers Association to help financial institutions access practical tools to use in this effort.
EBF Sustainable Finance Positions
EBF Sustainable Finance Events
EBF sustainable finance team