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Overview

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The United Nations Environment Program Financial Initiative (UNEPFI) is a public-private partnership established between the United Nations Environment Program (UNEP) and the financial sector.

It seeks to encourage coordination between the different stakeholders in ESG issues and to encourage the implementation of the principles of sustainable development at all levels of operations in financial institutions (UNEPFI, 2009).

UNEP FI is known for developing the Principles for Responsible Investment (or PRI) scheme which now has 927 signatories.


Background

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The initiative rose from the combined forces of a small group of commercial banks and UNEP in 1991 after having identified the need to account for environmental impacts on their operations. In 1992, the UNEP Financial Institutions Initiative was created, followed by the UNEP Insurance Initiative in 1995. Both were subsequently merged to form the current partnership in 2003 (UNEP_FI, 2009).


Statements

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The UNEPFI statements are the backbone of the initiative. They constitute basic guidelines that should be followed by institutions in order to adhere and develop the idea of sustainability in the financial sector.

These statements are followed on a voluntary basis which decreases accountability to the institution.

Signatories can apply for membership of the initiative by paying a nominal fee. The rationale for membership is that the development of sustainable practice in business can increase profits by catalyzing the [bottom line principle], which acts as an incentive for lending and investors through improved CSR (Caroll, 1999).


Funding

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(from UNEPFI 2009)

UNEP FI 2009 Income US $ Core Income Signatory contributions 1,730,083 UNEP funds 150,000 Total Core Income 1,880,083 Total Sponsorship for Special Acitvity 37,918 Total Other Income 20,333 Total income 2,092,680


Sources

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UNEPFI 2009 Overview, http://www.unepfi.org/fileadmin/documents/unepfi_overview_2009.pdf

Caroll, A.B. (1999), Corporate Social Responsibility: Evolution of a Definitional Construct. Business Society 38: 268.

External links: http://www.unpri.org/signatories/

Your submission at Articles for creation: Iluminage (company) (January 24)

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Your recent article submission to Articles for Creation has been reviewed! Unfortunately, it has not been accepted at this time. Please check the submission for any additional comments left by the reviewer. You are encouraged to edit the submission to address the issues raised and resubmit when they have been resolved. ~SuperHamster Talk Contribs 07:37, 24 January 2015 (UTC)[reply]

Your draft article, Draft:Iluminage (company)

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Hello, Dgs772. It has been over six months since you last edited your WP:AFC draft article submission, entitled "Iluminage".

The page will shortly be deleted. If you plan on editing the page to address the issues raised when it was declined and resubmit it, simply edit the submission and remove the {{db-afc}} or {{db-g13}} code. Please note that Articles for Creation is not for indefinite hosting of material deemed unsuitable for the encyclopedia mainspace.

If your submission has already been deleted by the time you get there, and you want to retrieve it, you can request its undeletion by following the instructions at WP:REFUND/G13. An administrator will in most cases undelete the submission.

Thanks for your submission to Wikipedia, and happy editing. Rankersbo (talk) 19:08, 6 August 2015 (UTC)[reply]