Job Opening

Posting Title: UNEP Finance Initiative (UNEP FI) – Senior Consultant for supporting the project-managing UNEP FI’s ‘Phase 3’ activities on TCFD adoption in the banking and investment industries (Objective Area 2)
Department/Office: United Nations Environment Programme
Duty Station: GENEVA
Posting Period: 24 March 2021 - 01 April 2021
Job Opening Number: 21-United Nations Environment Programme-152597-Consultant
Staffing Exercise N/A
United Nations Core Values: Integrity, Professionalism, Respect for Diversity
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Result of Service

• Create the content and curriculum for webinars and activities to walk participating financial institutions through the CRREM tool and pathways construction/methodology and data submission process.
• Develop training sessions for module participants (banks and investors) to pilot the CRREM tool and generate asset and portfolio transition risk and asset stranding analyses.
• Engage with banks and investors for insights on applying CRREM to this institutions / in markets where they hold assets as well as identify limitations of the CRREM tool; as well explore opportunities and limitations for the use of CRREM by lenders for credit risk assessment and loan book reviews.
• Adapt the CRREM tool for transition risk analysis for real estate assessments in individual non-EU countries (i.e., North America and Asia).
• Conduct asset-level assessments on transition risk in the real estate portfolio of the ten selected participating institutions. This specific analysis will enable institutions to see not only what their risks are, but the magnitude and scope of those risks.
• Provide support on the final report created on the piloting exercise in the module Real Estate Assessment and Best Practices, which includes participant case studies and their potential impact in North America and Asia. The report should provide a framework for assessing climate risks on real estate using the CRREM tool and pathways based on participant experience and cover the climate risks faced by owners of real assets.

• Provide the CRREM-excel-tool for each non-EU respective country covered in this project after its completion. The tool will be prefilled with country-specific data to allow other interested parties to use the tool afterwards without having to change the default parameters according to guidance provided by CRREM.

Work Location

Working Remotely.

Expected duration

The Contract will be 9 Months in duration.

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 300 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.

As part of its 2021 work programme on climate change and building on the outcomes of its first two TCFD pilots in banking, UNEP FI has decided to carry out a Phase 3 of this work (Phase 2 for investors) and has to that effect recruited at least 35 commercial and development banks as well as institutional investors (final number is to be confirmed) that will participate and support this third Phase.
Building from the methodologies, and corresponding insights and recommendations, published by UNEP FI & Partners in 2018 and 2020, Phase 3 of UNEP FI’s work on TCFD adoption has the following objectives:

1. Objective area 1: Briefing and training - in depth - UNEP FI member banks that are new to UNEP FI’s TCFD work on the various methodologies developed – and the insights won - in Phases 1 and 2

2. Objective area 2: Further developing and enhancing – in partnership with relevant expert stakeholders - a number of the various elements within the ‘toolkit’ that banks currently have at their disposal to carry out forward-looking risk and opportunity assessments, potentially including: i) climate-related scenarios, ii) client data, iii) modelling approaches, iv) legal guidance, etc.

3. Objective area 3: Strengthening and institutionalizing links and dialogue - and synchronizing agendas - with relevant platforms, processes, and efforts, particularly those involving financial regulatory organisations (e.g. the Network for Greening the Financial System – NGFS, the EU Action Plan), client industry associations, the proceedings of the TCFD itself, and investor efforts (through the Principles for Responsible Investment, or UNEP FI’s own investor piloting of the TCFD)

To that effect UNEP FI requires a senior consultant to act as the UNEP FI lead on activities related to Objective Area 2 that pertain to the expanding the bank and investor toolkit for property-specific climate risk analysis and management on real assts, loan books and underwriting decisions.

Output Expectations

1 Objective area 1
Create the content and curriculum for webinars and activities to walk participating financial institutions through the CRREM tool and pathways construction/methodology and data submission process.

2 Objective area 2
Develop virtual training sessions for module participants (banks and investors) to pilot the CRREM tool and generate asset and portfolio transition risk and asset stranding analyses. Engage with banks and investors for insights on applying CRREM to this institutions / in markets where they hold assets as well as identify limitations of the CRREM tool; as well explore opportunities and limitations for the use of CRREM by lenders for credit risk assessment and loan book reviews. Conduct asset level assessments on transition risk in the real estate portfolio of the ten selected participating institutions. This specific analysis will enable institutions to see not only what their risks are, but the magnitude and scope of those risks. Adapt the CRREM tool for transition risk analysis for real estate assessments in individual non-EU countries (i.e., North America and Asia).

3 Objective area 3
Provide support on the final report (electronic) created on the piloting exercise in the module Real Estate Assessment and Best Practices, which includes participant case studies and their potential impact in North America and Asia. The report should provide a framework for assessing climate risks on real estate using the CRREM tool and pathways based on participant experience and cover the climate risks faced by owners of real assets.

Provide the CRREM-excel-tool for each non-EU respective country covered in this project after its completion. The tool will be prefilled with country-specific data to allow other interested parties to use the tool afterwards without having to change the default parameters according to guidance provided by CRREM.

The consultant shall be under the overall supervision of the Head of UNEP FI, and report directly to the Programme Officer Climate Change. The final deliverables shall also be approved by the Head of UNEP FI.

Qualifications/special skills

Skills: The consultant(s) should have a proven track record in climate-related real estate assessments. Prior engagement with members of the financial sector is an asset. Specific knowledge is required in conducting research on sustainability in the real estate sector and in carrying out findings for real estate companies, portfolios and individuals at the property level.

Academic Qualifications: University degree in economics, finance, environmental studies, international relations, business administration or related fields.

Experience: 7 Years’ experience in the environmental sector, the financial services sector, commercial consulting, or conducted applied academic research on real estate assessment in relation to climate change.

Language: English is the working language of UNEP FI. English is mandatory for this consultancy. 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.

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