In the facing of the current health crisis, the role of financial institutions is even more relevant as they should not only facilitate the economic recovery process, but also ensure proper alignment with the Sustainable Development Goals (SDG) in the medium and long term and the commitments of the Paris Agreement. This must be translated into responsible business strategies that drive the development and implementation of financial products and services that support the pursuit of the SDG and the fight against climate change.

UNEP FI together with the Chilean Network of Supporting Institutions, which includes the Finis Terrae University (UFT), GOVERNART, the Chilean Association of Investment Fund Administrators (ACAFI), the Santiago Chamber of Commerce (CCS), FinteChile, ACCIÓN CLIMÁTICA, the Inter-American Federation of Insurance Companies (FIDES), and the International Federation of Pension Fund Administrators (FIAP), are organising a series of webinars, which will have a mainly practical focus where recent experiences in the implementation of the Sustainability Principles and their applicability in the banking and insurance sector will be shared.

These events will be held in Spanish.

24 June – Principles for Responsible Banking (PRB)
The topics to be addressed in the event will be:
• The 6 Principles of Responsible Banking: Objectives, impacts and their application in practice.
• Commitments assumed by the Signatories, definition of goals and involvement with clients.
• Analysis of impacts generated by financial products and services and how they can be measured.
• The Collective Climate Action Commitment: signatory banks, objectives, key areas and timeline for implementation.

2 August – The Insurance Sector, the Principles of Sustainable Insurance (PSI) and the Impacts of Climate Change
The topics to be addressed in the event will be:
• How to assess physical risks from an insurance point of view: scope, scenario analysis, analysis models and available databases. Types of events
• Transition risks and the insurance sector: analysis of transition scenarios, assessment models and the importance of the time horizon, stress testing.
• Litigation risks: scopes, perspectives, how to properly manage this risk and stress testing. The risk of legal claims, potential legal liability and remediation costs.
• Lessons learned in managing climate risks. Risks and opportunities in a climate change environment.