ANZ, Barclays, Bradesco, Citi, Itaú, National Australia Bank, Royal Bank of Canada, Santander, Standard Chartered, TD Bank Group, and UBS have jointly committed to develop analytical tools and indicators to strengthen assessments and disclosures of climate-related risks and opportunities

"Representing over $7 trillion, eleven major financial institutions around the globe have joined forces with the United Nations to promote climate transparency in financial markets, the Organization’s environment wing said today.

According to a news release by the UN Environment Programme (UNEP), ANZ, Barclays, Bradesco, Citi, Itaú, National Australia Bank, Royal Bank of Canada, Santander, Standard Chartered, TD Bank Group, and UBS have jointly committed to develop analytical tools and indicators to strengthen assessments and disclosures of climate-related risks and opportunities.

“The message from financial heavyweights is clear – climate change poses a real and serious threat to our economy,” said Erik Solheim, the Executive Director of UNEP, in the release.

“At the same time, there are enormous business opportunities in taking climate action. Transparency on how financial institutions mitigate the risks and seize the opportunities of a two degrees pathway is crucial to move international markets towards actively supporting a low-carbon and climate-resilient future,” he added.

In the news release, UNEP noted that increasing the amount of reliable information on financial institutions’ exposure to climate-related risks and opportunities would also strengthen the stability of the financial system and help boost climate-friendly investments.

The partnership between the institutions and the UNEP Finance Initiative follows the recommendations by the Financial Stability Board (FSB)’s Task Force on Climate-Related Financial Disclosures (TCFD).

The Task Force was mandated by the Board to develop voluntary, consistent climate-related financial risk disclosures for use by companies, investors, lenders and insurers. Its final recommendations were published in June and submitted to the G20 last week.

It is anticipated that results from the undertaking will encourage banks worldwide to adopt such climate-focused efforts.

“After the G20, the issue now is about implementation: how can the finance industry put the framework into practice and deliver disclosure that is meaningful? Through this and other industry-led working groups UNEP FI is helping the finance sector to do just that: move from awareness to action.” said Christian Thimann, Group Head of Strategy, Sustainability and Public Affairs at the AXA Group, Co-Chair of UNEP Finance Initiative and TCFD Vice-Chair.

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Peace Innovation: fCAT: Technology: ICTs critical to achieve Global Goals, UN highlights in new report

Underscoring the importance of information and communication technologies (ICT) in today's world, the heads of over 20 United Nations agencies and offices have called for leveraging those technologies to “fast forward” implementation of the 2030 Agenda for Sustainable Development.

In a new report, launched today, the senior officials also highlighted the critical link between information and communication technologies and the 17 Sustainable Development Goals (SDGs).

“The 2030 Agenda […] recognizes the great potential of global connectivity to spur human progress,” noted UN Secretary-General António Guterres in his foreword to the publication, Fast-forward progress: Leveraging tech to achieve the global goals.

“This report presents evidence of how UN agencies are adopting – and adapting – ICTs to maximize their impact and help communities and people in need,” he added, highlighting efforts underway to extend telecommunication networks and ICTs into remote areas; train and equip workers with new digital skills; and ensure that schools, hospitals, clinics and whole cities are smarter, more energy efficient and safer.

The five key areas highlighted as the “take aways” in the publication include ensuring that no one is “left offline;” recognizing the catalysing factor of ICTs for innovation and change; putting people first; importance of prompt action to leverage ICTs; and creating new .innovative partnerships.

The report, coordinated by the International Telecommunication Union (ITU), was written as a collaborative effort between top officials from UN entities and international organizations, with each leader selecting one Goal and explaining why ICT is important for it, including drawing on their personal insights.

“As UN leaders have identified […], ICTs must be leveraged to advance achievement of all 17 of the SDGs – and we at ITU look forward to partnering with other UN agencies to facilitate this,” said Houlin Zhao, the Secretary-General of ITU, said at the report's launch, in Geneva.

The report's release coincides with the ongoing 2017 High-level Political Forum on Sustainable Development (HLPF), the main UN platform dealing with sustainable and inclusive development."

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Peace Innovation: fCAT: Culture: 'Smart' money moving to 'green' financing, reveals new UN report

Peace Innovation: fCAT: Culture: 'Smart' money moving to 'green' financing, reveals new UN report

July 19, 2017

"In its new report on green finance, the UN Environment Programme (UNEP) has noted that the G20 and other countries have taken huge strides over the last year towards mobilizing public resources and private capital needed to make sustainable development and climate action a reality.

“The world has committed to creating a better future for people and planet. But we will not be able to achieve [this] vision without the global financial system using its capital to fuel the transformation,” said the Executive Director of UNEP, Erik Solheim, in a news release announcing the findings.

“This new research […] shows encouraging progress in this regard. From a record number of new green finance measures to ambitious plans for green finance hubs, we are seeing the smart money move to green financing,” he added.

The Green Finance Progress Report further notes that the establishment of the Green Finance Study Group by the G20 last year, under its Chinese Presidency, showed the group understood that green financing at scale is critical to achieve the G20's goal of securing balanced and sustained growth.

This message was reinforced by Germany's decision to continue the work during its G20 Presidency this year, the report highlights.

The report also draws out examples from G20 countries of actions they took in relation to green finance, such as the disclosure requirements announced by the Securities and Exchange Board of India for the issuing and listing of green debt securities, and pilot areas for green finance announced by the State Council of China.

It also finds that the progress made nationally, internationally, and in financial and capital markets shows that financial system is reshaping themselves to align with the sustainable development imperatives of the 21st century.

“The challenge now is to rapidly increase capital flows to investments that will support our sustainable development objectives and create commercially viable green businesses for decades to come,” said Mr. Solheim.

“The G20 and others have set the wheels in motion. Now is the time to press hard on the accelerator,” he added."

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Wellness Pilipinas International: Food and Agriculture Organization (FAO) and World ...

United Nations News Centre - UN food standards body kicks off session by tackling arsenic in rice, pesticide residues: "The Codex Alimentarius Commission, charged with protecting consumer health and ensuring fair practices in the food trade, is meeting in Geneva from 17 to 22 July 2017. Standards-setting for food is a joint initiative of two UN agencies – the Food and Agriculture Organization (FAO) and the World Health Organization (WHO).

At today’s session, the Commission set maximum residue limits for medicines Ivermectin, which is used to kill parasites in tissues from cattle; Lasalocid sodium, which is used for a similar purpose in tissues from chicken, turkey, quail and pheasant; and insecticide Teflubenzuron used in salmon.

The Commission also adopted revisions to its risk-based Code of Hygienic Practice for Fresh Fruits and Vegetables to provide detailed guidance to stakeholders along fresh fruit and vegetable value chains – from producers through to final consumers.

The aim is to minimize microbial hazards, avoid risks to health, and maximize the safety of these nutritious food products, which are also of major economic importance for many countries in global trade.

The Commission also adopted the Nutrient Reference Values for vitamins D and E to be used for nutrient content labelling that would help consumers make informed choices to support healthy diets.

On spices and culinary herbs, the Commission adopted commodity standards, such as tolerances for defects, permitted levels of food additives and labelling, for cumin, dried thyme and pepper, which are among the world’s most widely used seasonings."



Wellness Pilipinas International: Food and Agriculture Organization (FAO) and World ...: United Nations News Centre - UN food standards body kicks off session by tackling arsenic in rice, pesticide residues : "The Codex Ali...

The multilateral system has a responsibility to bring together governments, youth, employers, educators, and innovators to demystify the labour markets of the future, and to find innovative ways of building digital skills across the world, all in support of the implementation of the 2030 Agenda for Sustainable Development

THE YOUTH: “As the main beneficiaries of the Sustainable Development Goals (SDGs), and as the drivers of innovation and change, it is vital that the enthusiasm and ingenuity of youth are harnessed to transform the world for the better,” Peter Thomson said at an event held at UN Headquarters in New York on the theme Skills for the future of work.

“Just as youth need education and training to access decent jobs in and of the future, they also require skills development to fulfil their vital role in SDG implementation,” he added.

In his remarks, Mr. Thomson called for targeted policies and resources to develop the digital skills of today’s youth, as well as for specific programmes to ensure that women and girls have access to education, health and employment opportunities.

Doing so, he said, would make sure they secure decent jobs and are never left behind again.

“We must see investing in quality education and training as fundamental for a world of sustaining peace and sustainable development,” he noted.

In particular, Mr. Thomson highlighted the need to work cooperatively with all stakeholders in building the education and training systems that are responsive to the needs, and given the complexities involved, called for international cooperation, strategic partnerships, and transfer of technology.

“The multilateral system has a responsibility to bring together governments, youth, employers, educators, and innovators to demystify the labour markets of the future, and to find innovative ways of building digital skills across the world, all in support of the implementation of the 2030 Agenda for Sustainable Development,” he stressed.


Peter Thomson, President of the seventy-first session of the General Assembly, makes remarks during the opening of the Ministerial segment of the High-Level Political Forum on Sustainable Development. Photo: UN Photo/ Manuel Elias
Speaking alongside Mr. Thomson, Jayathma Wickramanayake, the UN Envoy on Youth, also called for greater and more coherent efforts to better forecast the skills that will be needed in the future.

“We must adapt existing policies and initiatives to be fit for the digital era and ensure that we remain flexible enough, to adapt these further in the future,” she said, citing the example of the technological advances made since the turn of the millennium and signs that this will not slow down in the years ahead.

“We must [also] ensure that national youth policies are integrated, holistic and funded,” she added.

In her remarks, the Youth Envoy also underscored the need for holistic education to address evolving technical skills as well as impart competencies required to adapt to changing and demanding workplaces.

In this regard, she highlighted that formal education alone would not be enough, and stressed the importance of non-formal and informal education.

“With all this talk of change in such little time, one truth remains: there is no better investment a country can make than in the capacities and potential of its young people,” she stated.

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