How to join

Why should my institution join the initiative?

Joining the Initiative and recognizing the guidance provided by the Five voluntary Principles for Mainstreaming Climate Action within Financial Institutions (“Mainstreaming Principles”) is a statement of leadership on climate relevant financing. Beyond the statement, the Initiative aims to provide an opportunity for financial institutions to foster the implementation of the voluntary Principles for Mainstreaming Climate Action and learn from each other; ensure that lessons learned around good practice are disseminated and support the development of new approaches for mainstreaming climate change.

The Initiative can also facilitate exchanges between interested Supporting Institutions already applying or wanting to apply harmonized approaches (e.g. on climate finance tracking), to facilitate the further integration of climate change considerations within their activities.

By joining the Initiative, financial institutions become a Supporting Institution of the Initiative, with the possibility of having a future role in the Coordination Group.

What roles and responsabilities would my institution have as a Supporting Institution?

A “Supporting Institution” is a financial institution whose management has publically confirmed its support for the Climate Action in Financial Institutions Initiative and acknowledged the guidance provided by the voluntary Principles for Mainstreaming Climate Action within Financial Institutions. Supporting Institutions should also confirm their interest in participating (on a voluntary basis) in the ongoing knowledge sharing and development of emerging operational approaches and practices linked to the voluntary Principles.
The acknowledgement of the guidance provided by the voluntary Principles for Mainstreaming Climate Action and the participation in the work of the Initiative is voluntary and is not subject to any kind of reporting or evaluation conducted by the Initiative.

As of June 2018, the Climate Action in Financial Institutions initiative is comprised by more than 40 Supporting Institutions.

What is the Initiative’s governance structure?

The governance structure comprises two bodies:

the Supporting Institutions Assembly which meets in person yearly;
the Coordination Group, which is a permanent body (with rotating membership of Supporting Institutions) and which is backed by a Secretariat.

Supporting Institutions Assembly

The Supporting Institutions Assembly consists of all those financial institutions whose management has publically confirmed their support for the Five voluntary Principles for Mainstreaming Climate Action within Financial Institutions, and is interested in participating (on a voluntary basis) in the ongoing knowledge sharing and development of emerging operational approaches and practices linked to the voluntary Principles. Supporting Institutions not interested in these activities can still participate on particular matters of their concern. The Assembly will take responsibility for high-level decisions, while day-to-day decisions are delegated to the Coordination Group.

The Supporting Institutions Assembly:

Selects the members of the Coordination Group;

Decides on changes to the governance structure of the initiative;

Decides about changes of the voluntary Principles if needed;

Guides the initiative by deciding about the annual work plan;

Guides the initiative by updating, if and when deemed necessary, its long-term vision;

Contributes to the implementation of individual work streams specified in the annual work plan under the voluntary Principles;

Approves major publications and reports issued by the Coordination Group on behalf of the Initiative.

Coordination Group

The Coordination Group consists of up to eight representatives from different Supporting Institutions, one to two from each of the four constituencies of the Initiative (1) the group of international/regional/national development financial institutions, 2) the group of developing country commercial financial institutions, 3) the group of developed country commercial financial institutions, and 4) the multilateral financial institutions).

Current Members of the Coordinating Group:

The Coordination Group:

Develops the annual work plan for the initiative, including work streams, communication activities, and other items that the initiative intends to address throughout the year. The work plan is based on input from Supporting Institutions, provided for instance through an annual survey. The work plan is approved by the Supporting Institutions Assembly.

Approves the deliverables of the work streams and other documents with the logo of the Initiative. Major publications or reports are submitted to the approval of the Assembly.

Coordinates work streams specified in the annual work plan under the voluntary Principles for Mainstreaming Climate Action.

Approves the annual communication plan.

Produces an annual report based on inputs from Supporting Institutions and approved by the Supporting Institutions Assembly.

Carries out all other tasks that are appropriate to the mandate given by the Supporting Institution Assembly.

The Coordination Group is supported in its work by both the internal resources of the corresponding Supporting Institutions and by a Secretariat that facilitates coordination, administrative work and strategic planning.

What do I need to become a Supporting Institution?

In order to become a “Supporting Institution”, you will have to provide:

1) A letter from your institution (via email is sufficient) indicating that your Institution’s Management supports the Initiative and the guidance provided by the voluntary Principles.

Financial Institutions are invited to confirm their support using the following sample Statement of Support:

“We would like to inform you that the management of [insert financial institution’s name] hereby expresses support for the Climate Action in Financial Institutions Initiative and acknowledges the guidance provided by the voluntary Principles for Mainstreaming Climate Action within Financial Institutions. Please consider us a “Supporting Institution” and available to participate in the development of ongoing work to support these voluntary Principles”.
For more information, please contact [insert contact person here]

2) Your Institution’s Logo to appear on the website, the leaflet and other publications of the Initiative

3) [Optional]: One or several case studies for the Climate Mainstreaming Practices Database illustrating how your institutions is integrating climate change in its operations

 

These materials should be submitted to the Secretariat (contact@mainstreamingclimate.org) who you can contact for further information prior to submission.