On World Environment Day, 5 June 2007, a day before the start of the G8 meeting in Germany, UNEP FI launched its “Declaration on Climate Change by the Financial Services Sector”. This is the first global statement on climate change by the finance sector, and over 20 CEOs from UNEP FI member companies have signed the declaration. The essence of the declaration is a recognition by financial institutions from around the globe that anthropogenic climate change is real; the cost of inaction will be extremely high; financial institutions must take greater action and integrate climate change into their everyday decision-making; and governments need to do more, namely set ambitious, long-term targets for emissions reduction. The statement remained open for endorsement in the run-up to the Kyoto negotiations in Bali this December. We encourage other members of UNEP FI to sign the declaration. View the Statement (PDF: 53 KB) UNEP Press Release (PDF: 40 KB)
Published: 2007 | by: UNEP FI

Declaration on Climate Change by the Financial Services Sector (53 KB | 3 pages)