annual general meeting - finance initiativetotal income 5,352 5,026 4,453 expenses personnel costs...
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ANNUALGENERALMEETING
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A G E N D A 1 :O P E N I N G R E M A R K S
i. Denise Hills UNEP FI Global Steering Committee (GSC) Co-Chairs
ii. Eric UsherHead, UNEP Finance Initiative
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S E S S I O N 1 : A D M I N I S T R A T I V E & G O V E R N A N C E I S S U E S
Agenda 2. Membership & Governance Updates
i. Membership update and introduction of new members
ii. Global Steering Committee update
iii. Governance update – Implementation Framework (Appendix 3)
iv. Secretariat update
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UN Environment Finance InitiativeWorking with the world’s leaders in sustainable financeMembership update
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New members 2015/16 = 9
(New members 2014/15 = 8)
Membership update
• Australian Ethical Investment Limited
• Caixa Seguradora SA
• Commercial International Bank (CIB)
• Landeskreditbank Baden-Wurttemberg - Foderbank –(L-bank)
• Liberty Seguros S/A
• Mitsubishi-Corp UBS Realty Inc
• Şekerbank
• Suramericana SA
• Wema Bank Plc
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UNEP FI members by region
48Asia Pacific
86Europe
40Latin American & Caribbean
19North America
20Africa & Middle East
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Key aims include:• Developing capacity in sustainable finance• Network engagement• Promoting market leadership• Focusing resources on regional priorities• Supporting work programme implementation across regions.
GSC Focal point on Membership: Barbara Turley-McIntyre, The Co-operators Group
Strategic plan for membership engagement 2017-19
Membership update
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Europe
Asia Pacific
Latin America
Africa & Middle East
North America
Number of responses by region & industry
Banking Insurance Investment
Understanding members’ changing needs and expectati ons
Membership Survey – 14% of members interviewed
Membership update
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Membership Survey: Preliminary results
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Num
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What should UNEP FI prioritize to support integrati on?
Membership update
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85% of interviewees said it was critical or importa nt to expand membership
Slide 11
Membership Survey: Preliminary results
Critical35%
Important50%
Not important
15%
Membership update
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Slide 12
7 November 2017Interviews completed
November/December 2017UNEP FI members consulted on draft strategic plan
January/February 2017Plan finalised by GSC
March/April 2017Publish strategic plan for membership engagement
Membership update
If you would like to be interviewed contact your Regional Co-ordinator or Liesel van Ast by 31 October [email protected]
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Regional Roundtables – draft schedule
Q1/Q2 2017 Asia-Pacific Regional Roundtable
Q4 2017 European Regional Roundtable
Q4 2017 Latin American Regional Roundtable
Q2/Q3 2017 North AmericanRegional Roundtable
Q4 2017 Africa Regional Roundtable
To find out more about hosting a Regional Roundtable: Contact Liesel van Ast [email protected]
Slide 13
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Europe–Banking (2015-17)James Vaccaro, Triodos Bank NVChris Bray, Barclays
Latin America–Insurance (Jul 2016-18)Patricia Coimbra, SulAmérica
Asia Pacific–Insurance (Jul 2016-18)Jacki Johnson, Insurance Australia Group Limited
Investment Representative (2015-17)Frank Hovorka, Caisse des Dépôts
Open (Jul 2016-2018)Barbara Turley-McIntyre, The Co-operators Group Limited
UNEP representativeLigia Noronha, Director, Division of Technology, Industry and Economics
Asia Pacific–Banking (Jul 2016-18) Steve Lambert, National Australia Bank Limited
Latin America–Banking (2015-17)Denise Hills, Banco Itaú
Europe–Insurance (Jul 2016-18)Christian Thimann, AXA - Group Management Services
Africa–Banking (2015-17)Omobolanle Victor Laniyan, Access Bank Plc.
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Co-Chairs
Co-Chair: Denise Hills, Banco Itaú (2015-2017) Co-Chair 2: Christian Thimann, AXA (Jul 2016-2018)
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North America–Bank (2015-2017)Paul Blagbrough, Bank of Tokyo-Mitsubishi UFJ
UNEP Finance Initiative 2016 Global Steering Commit tee
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Appointed Position (-2017)Archana Hingorani, Infrastructure Leasing & Financial Services
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Appointed Position (-2018)Saker Nusseibeh, Hermes Investment Management
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Agenda 3. Governance Updates
Governance Framework adopted at EGM, May 2016
Implementation Framework adopted, Oct 2016
http://www.unepfi.org/extranet/Password: unepfi
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A G E N D A 3 :U N E P F I A G M W E B I N A R R O U N D - O F F
i. Summary of webinar proceedings
ii. Q&A: Further question time
iii. Submission of votes (if not already submitted)
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Voting Item 1.Summary Record from the 2015 Annual General Meeting (Appendix 1)
Voting Item 2.Approval of the 2015 Financial Report (Appendix 2)
Voting Item 3.Approval of the proposed 2017 budget (Appendix 2)
Voting Item 4.Approval of the proposed 2018 membership fee
http://www.unepfi.org/extranet/Password: unepfi
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Voting item 2. UNEP FI 2015 Financial Report
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Voting item 2. UNEP FI 2015 Financial Report
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2017 budget
USD’000
2016 forecastUSD’000
2015 actual
USD’000IncomeMembers Annual Contributions & Training 2,500 2,444 2,404Funding, Sponsorships & other 2,852 2,582 2,049
Total income 5,352 5,026 4,453ExpensesPersonnel Costs
Umbrella functions 1,090 869 787Work Programmes 1,357 1,107 924
2,447 1,976 1,711Work Programme (proj consultants, events, publications, travel, etc) 2,524 2,724 1,705Operational Costs (UNEP admin fee, premises, etc) 370 307 280
Total Expenses 5,341 5,007 3,696Net Income/(Expenses) (11) 19 757
Voting item 3. 2017 Budget Proposal & 2016 Interim Financial Report
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Voting item 4. Proposed 2018 Membership Fees
20172018
3% increase
Total assets (US Dollars) CHF CHF
From 100 billion and above 19,100 19,700
From 5 billion to less than100 billion
9,550 9,850
From 1 billion to less than5 billion
3,800 3,900
Below 1 billion 2,300 2,370
GSC recommends continuation of an annual 3% increase as a preferred option for members over the alternative option to make periodic jumps in fees.
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S E S S I O N 2 : 2 0 1 7 W O R K P L A N D I S C U S S I O N
Activities updates –
2016 Interim Overview
http://www.unepfi.org/extranet/Password: unepfi
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S E S S I O N 2 : 2 0 1 7 W O R K P L A N D I S C U S S I O N
Opening Panel• Banking - Chris Bray, Barclays
• Investment - Tatiana Bosteels, Hermes
• Insurance – Butch Bacani, Secretariat
Joined by:• Climate Change - Madeleine Ronquest, First Rand
• Ecosystems – Rosemary Bissett, National Australia Bank
ModeratorEric Usher, Head, UNEP Finance Initiative
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Results of
the
member-
ship survey
Strategy
development
Work plan
development
2017 AGM &
State of
Sustainability
in Financial
Institutions
report
Strategy
review
GSC
Industry
committeesGSC
All
Members
Strategy & work plan development timeline
Industry
committees
GSCIndustry
committees
All
Members
End 2016 Feb-Apr 2017 May -Sep 2017 Oct 2017 Feb-Apr 2018
Slide 12
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A G E N D A 5 :C L O S I N G O F T H E A G M
ii. Results of the AGM votesNumber of institutions voted: 59
Approval item YES No
1. Summary Record from the 2015 Annual General Meeting
57 0
2. Approval of the 2015 Financial Report
58 0
3. Approval of the proposed 2017 budget
57 1
4. Approval of the proposed 2018 membership fee
52 7
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A G E N D A 5 :C L O S I N G O F T H E A G M
i. Results of the AGM votes
ii. Any other business2017 AGM is in Geneva (or elsewhere in Europe) - Oct/(Nov) 2017