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I4CE Newsletter - Aligning financial Chains 
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A core goal of the Paris Agreement is to “make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” Since 2015, financial institutions of all types – from development banks to asset owners and pension funds – have committed to making their portfolios ‘consistent’ with the Paris Agreement. In practice, Financial Institutions are at times approaching alignment from different points of entry: either focusing on one hand on “what” or on the other hand on “who” is financed. In the run-up to COP26, the Climate Action in Financial Institutions Initiative and UNEP-FI have convened a group of Financial Institutions to take a step further to look at the alignment of the entire financial chain. 
This week, our newsletter tells you more about this Financial institutions’ group. We also invite you to watch the replay of the first webinar of the group to find out why financial institutions do not only focus on the alignment of “what” is financed anymore, but also of “who” is financed.

#I4CExpertViewPoint
The Next Step for Financial Institutions: Aligning the entire Financial Chain 
In this blogpost, Ian Cochran, Senior Advisor at I4CE and Head of the Climate Action in Financial Institutions Initiative explains why the alignment of a portfolio implies the alignment of different “parts” of the financial chain. At this occasion, he also presents the launch of the “Financial Institutions Group” of like-minded institutions from across the financial sector looking at how they can assess – and support – the climate-consistency or ‘alignment’ of financial chains.

#I4CEvent #Replay
#Webinar I Why are financial institutions focusing on the alignment of counterparties?
Financial institutions who committed to be “Paris aligned” have identified a need to focus on counterparties. Why? And what are the initial steps they are taking to do so? Listen to the recording of the first webinar of the Financial Institutions’ Group on the Alignment of Financial Chains.



 

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Secretariat of the Climate Action in Financial Institutions Initiative
The Climate Action in Financial Institutions Initiative is an international forum of discussion on all aspects of climate mainstreaming for both public and private financial institutions. Since 2015, the Initiative has been one of the key forum for discussions on Paris Alignment, connecting the dots between the different groups of financial institutions. Based on its expertise, I4CE has been named as the Secretariat of the Initiative. Find out more.

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