UNEP Finance Initiative (UNEP FI) - Finance the Transition Lead – Net-0 Asset Owners Alliance
Application deadline 1 month ago: Sunday 11 Dec 2022 at 23:59 UTCOpen application form
Result of Service - An active, engaged, professionally managed ‘Financing the Transition’ Work Track of the UN-convened Net-Zero Asset Owners Alliance (Alliance) that is on top of the latest thinking and latest developments in this area, and that produces cutting edge materials, guidances, tools, etc. supporting Alliance members, and investors more broadly, to steer their portfolios and financing into alignment with net-0 emissions.
A wider membership of the UN-convened Net-Zero Asset Owners Alliance that is appropriately informed, advised, equipped, and satisfied with the outputs, guidance, support and advice provided by the Alliance’s ‘Financing the Transition’ Work Track.
A UN-convened Net-Zero Asset Owner Alliance that remains a point of global reference and authority on the challenge and avenues of financing the transition to net-0 emissions.
Active contribution to Secretariat management when it comes to preparing Alliance meetings, procurement, budgeting and any other related matters.
Work Location Geneva. Remote working possible
Expected duration 6 months
Duties and Responsibilities The United Nations Environment Programme (UNEP) is the leading global environmental authority that sets the global environmental agenda, promotes the coherent implementation of the environmental dimension of sustainable development within the United Nations system and serves as an authoritative advocate for the global environment.
The overall objective of the UNEP’s Economy Division is to encourage decision makers in government, local authorities and industry to develop and adopt policies, strategies and practices and technologies that promote sustainable patterns of consumption and production, make efficient use of natural resources, ensure safe management of chemicals and contribute to making trade and environment policies mutually supportive. It promotes the development, use and transfer of policies, technologies, economic instruments, managerial practices and other tools that assist in environmentally sound decision making and the building of corresponding activities.
The United Nations Environment Programme Finance Initiative (UNEP FI) is the strategic partnership between the United Nations and over 400 banks, insurers and investors. For over 28 years UNEP FI has been shaping and driving the international sustainable finance agenda, setting global standards and growing a global network of leading financial institutions. Through its work-streams and regional activities, peer learning, methodology development, training and research, UNEP FI carries out its mission to help the financial industry align with and contribute to the Sustainable Development Goals and with that take on the crucial role it must play in achieving a sustainable future.
The UN-convened Net Zero Asset Owner Alliance (the Alliance) is a PRI and UNEP FI supported coalition of now 80 institutional investors. The members of the AOA have committed i) to transitioning their investment portfolios to net-zero GHG emissions by 2050 consistent with a maximum temperature rise of 1.5°C above pre-industrial levels; ii) to establishing intermediate targets every five years; and iii) to regularly reporting on progress.
The Alliance is looking for support in the secretariat.
The Net Zero Asset Owner Alliance Secretariat is supported by UNEP FI and the PRI (Principles for Responsible Investment). The Alliance Secretariat and UNEP FI require a Secretariat lead for the Alliance’s Work Track on ‘financing the transition’ which focuses on the financial approaches, tools and instruments required by Alliance members so as to meet their objectives, as well as net-0 committed investors more broadly. The key challenge that the Work Track is addressing is how investors can increase capital flows and exposures to climate solutions, and net-zero aligned assets and businesses, including in developing countries and emerging economies, while also decreasing capital flows and exposures to climate drivers and misaligned assets and businesses. Key areas of focus include the alignment with net-0 of key investment benchmarks, avenues to blend finance for increased climate investment in developing countries, implementation of Paris- and net-0-aligned taxonomies, etc.
Objectives o Track management in alignment with Alliance members o Ensuring that work plan is worked on and targets are met o Steer, motivate and give direction to ensure work plan is implemented o Organize track and working group meetings including agendas and minutes o Contribute to Alliance overall publications like Target Setting Protocol, Progress Report
Output expectations o Organize knowledge sharing and expert conversations. Support the development of discussion papers and positions which will be published in the name of the Alliance
Specific tasks and responsibilities: - Support the members working on Financing Transition topics eg. blended finance, finance into the EMDEs, climate benchmarks, climate solution investment platform - Guide members of the Alliance jointly developing guidance documents, positions or discussion papers - Identify relevant working areas and topics which the Alliance members should be connected with, supporting decarbonizing investment portfolios and investments in climate solutions - Reach out to external experts and identify relevant collaboration partners - Facilitate and moderate workshops and webinars on the relevant working areas - Support the secretariat for member wide and external communication - Develop implementation plans and take care for stringent implementation - Collaborate within the Alliance work tracks and across institutions, UNEPFI and PRI, and NZ- Alliances
The consultant will report to the UNEP FI Head of Climate Change, under the overall supervision of the Head of UNEP FI.
Work location is Geneva - Remote working possible except for attendance at the in-person Team Retreats.
Qualifications/special skills Academic background: Advanced university degree (Master’s degree or equivalent) is required, business, finance, environment, sustainability, administration, social studies, or equivalent education and experience. A first-level university degree in combination with 10 years’ work experience may be accepted in lieu of the advanced university degree.
Experience: At least eight years’ experience gained in the financial services sector, ideally in institutional investment, with progressively increasing including senior responsibilities, ideally in portfolio management/steering. Sustainable finance expertise, especially as it pertains to climate change and related challenges, is a great advantage, including on sustainability taxonomies, and various relevant frameworks. Experience working with multiple stakeholders and managing relationships across various stakeholders.
Skills & Knowledge: Strong organizational and time management skills with ability to develop and execute results-focused communications plans across a mix of channels including events, email, webinars, and online and social media. Deep knowledge of and expertise on the finance industry -particularly institutional investment - is required, knowledge of sustainable finance and environmental issues, particularly climate change, too. Ability to priorities multiple activities concurrently in an organized and timely manner with attention to detail. Highly motivated and able to work independently as well as in a team. Strong interpersonal skills and ability to establish and maintain good working relations across diverse stakeholders in a multicultural, geographically dispersed, and online environment.
Languages Languages: English is the working language of UNEP FI. Knowledge of other United Nations languages is an asset.
No Fee THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.