The UNEP Roundtable was a key event in the Project Finance calendar. An impressive list of speakers and delegates met to discuss the key risks in financial services, environmental and social responsibility were at the top of the agenda.
Held at UN headquarters in New York, the 2005 Roundtable attracted some 500 thought leaders in the field of sustainable finance from around the globe. Convened to evaluate the real risks and potential opportunities for the financial services sector, the event considered issues such as: environmental and social responsibility; responsible investment; carbon markets and clean energy; project financing; alternative investments; microfinance; transparency, accountability and reporting.
One of the highlights of the event was the release of a new report: A Legal Framework for the Integration of Environmental, Social and Governance Issues into Institutional Investment. Prepared by law firm Freshfields Bruckhaus Deringer at the invitation of UNEP FI’s Asset Management Working Group, the study concludes that institutional investors have a far greater opportunity – and in some cases a legal obligation – to incorporate environmental, social and governance issues into their investment decision-making than is traditionally believed.
The November issue of UNEP FI Newsletter 0.618 covers this and other Roundtable highlights. Hard copies available from the UNEP FI Secretariat upon request.