Unep Finance Initiative
vor 3 Wochen
Result of Service
Through the support by the Consultant to the development of the Pollution and Circular Economy workstream activities, financial institutions will have an increased awareness and knowledge on the circular economy opportunities, including in high impact sectors such as têxtile and plastics. They will have increased knowledge on the nexus between circular economy, climate, nature and pollution and how to incorporate circular economy approaches in target setting and action plans on climate and nature, as well as an increased capacity to catalyse circular economy financing through regional initiatives. Financial institutions will have an increased awareness and knowledge on the pollution risks and impacts and an enhanced capacity to advance pollution prevention and reduction, including in the agricultural sector and in the plastics value chain.
Work Location
Working remotely
Expected duration
12 months
**Responsibilities**:
The United Nations Environment Programme (UNEP) is the leading global environmental authority that sets the global environmental agenda, promotes the coherent implementation of the environmental dimension of sustainable development within the United Nations system and serves as an authoritative advocate for the global environment.
The overall objective of the UNEP’s Economy Division is to encourage decision makers in government, local authorities and industry to develop and adopt policies, strategies and practices and technologies that promote sustainable patterns of consumption and production, make efficient use of natural resources, ensure safe management of chemicals and contribute to making trade and environment policies mutually supportive. It promotes the development, use and transfer of policies, technologies, economic instruments, managerial practices and other tools that assist in environmentally sound decision making and the building of corresponding activities.
The United Nations Environment Programme Finance Initiative (UNEP FI) is the strategic partnership between the United Nations and over 500 banks, insurers and investors. For over 30 years UNEP FI has been shaping and driving the international sustainable finance agenda, setting global standards and growing a global network of leading financial institutions. Through its work-streams and regional activities, peer learning, methodology development, training and research, UNEP FI promotes sustainable finance and helps the financial industry align with and contribute to the Paris Agreement and Sustainable Development Goals.
UNEP FI convenes the Principles for Responsible Banking (PRB), a unique framework for ensuring that signatory banks’ strategy and practice align with the vision society has set out for its future in the Sustainable Development Goals and the Paris Climate Agreement. Over 300 banks have now signed the PRB to make a positive contribution to people and the planet. These banks represent more than half of the global banking industry.
UNEP FI also convenes insurers that are signatories to the Principles for Sustainable Insurance and co-hosts the Investment Leadership Programme with the Principles for Responsible Investment.
UNEP FI has recently established a thematic area focusing on Pollution and Circular Economy. This workstream will continue to build support on circular economy technical capabilities and help financial institutions address pollution risks such as plastics and chemical pollution.
UNEP FI published a global updated guidance for banks on circular economy/resource efficiency target setting in 2023 and is working on operationalising the nexus between circular economy, climate and nature target setting, as well as on regional initiatives to catalyse circular economy finance. UNEP FI will execute the finance component of sectoral projects led by UNEP to trigger systems change to accelerate the transition to a circular economy in high impact sectors, inter alia in the têxtile sector through the ONE UNEP Textile Project and in the plastics value chain through the ONE UNEP Plastics Initiative. UNEP FI will also implement as from Q3 2023 the private finance component of the Global Environment Facility (GEF) programme, “Financing Agrochemical Reduction and Management (FARM), a new GEF funded programme that aims to strengthen the sound management of agricultural chemicals and their waste, through better control, and reduction and / or elimination. UNEP FI is also supporting financial sector engagement on intergovernmental negotiations and action to address plastic pollution.
UNEP FI needs a consultant to provide support across activities of its Pollution & Circular Economy work programme to engage the financial sector and build technical capacity on UNEP priorities including plastic and chemical pollution, resource efficiency and circular economy. UNEP FI currently does not have the relevant capacity internally to carry out the stated tasks as shown below.
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