UNEPFIUnited Nations Environment Programme Finance Initiative
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The cost of environmental damage (1) caused by 11 key industry sectors in 2010 was equivalent to 41 % (KPMG, 2012) to over half (UNEPFI, 2011) of their pre-tax profits (see Figure 1).
By signing the Portfolio Decarbonization Coalition, 25 investors with a total of $600 billion in assets under management pledged to gradually reduce their carbon exposure (UNEPFI, 2015).
This Secretariat will act as a networking hub to facilitate rapid engagement and outreach across UNEP, UNEP Finance Initiative (UNEPFI) and their associated, international knowledge networks.
The Inquiry extends UNEP's ground-breaking work on the green economy, and draws on the commitment and wealth of practical expertise of the 200 financial institutional members of the UNEP Finance Initiative (UNEPFI).