Job Opening

Posting Title: UNEP Finance Initiative (UNEP FI) – Consultant for project-managing UNEP FI’s ‘Phase 2’ activities on TCFD adoption in the banking industry,
Department/Office: United Nations Environment Programme
Duty Station: GENEVA
Posting Period: 15 June 2021 - 23 June 2021
Job Opening Number: 21-United Nations Environment Programme-157675-Consultant
Staffing Exercise N/A
United Nations Core Values: Integrity, Professionalism, Respect for Diversity
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Result of Service

1 Objective area 1
The knowledge and experience gained during Phase I of the TCFD Pilot, which has already been undertaken, has been transferred to further UNEP FI member banks that have joined Phase II of the Pilot. Banks that have newly joined in Phase II as well as all Phase I banks have successfully piloted the developed methodologies and submitted a piloting case study to be shared publicly. This will be measured through a work-plan should reflect the number (2-4), nature, sequencing and schedule of ‘group interactions’ (mostly calls), as well as, potentially, the tasks that bank staff participating in the Clinics shall carry out and complete in-between such group interactions. This will then allow the ultimate service of the request to further piloting yields learnings to refine the initial methodologies developed under Phase I.
2 Objective area 2
In 2-4 focus areas, the UNEP FI Secretariat, with the assistance of the consultant, will levant inputs and tools (such as scenarios, data, methodologies, legal guidance) for banks - or enhancements of existing such inputs and tools – needed to effectively conduct scenario-based assessment for disclosure of climate- related risks and opportunities have been developed, or a roadmap for their development has been established.
3 Objective area 3
Once the results of Phase I and II of the Pilots are known they will then be distributed to industry practitioners around the world. Relevant stakeholders (investors, clients, regulators and policy makers) will be made aware of the results of these pilots and the leading role taken by the pilot banks. This will lead to a developed approach to TCFD disclosure and coordinated expectations from investors’, high impact industries’ and stakeholders.

Work Location

Geneva, Switzerland

Expected duration

The contract will be for six months.

Duties and Responsibilities

The United Nations Environment Programme Finance Initiative (UNEP FI) is a strategic public-private partnership between UNEP and the global financial sector. UNEP FI works with approximately 400 financial institutions, which are signatories to the UNEP FI Statements of Environmental Commitment, and a range of partners and organisations, to develop and promote linkages between the environment, sustainability and financial performance.

As part of its work programme on climate change and building on the outcomes of its initial TCFD pilot in banking, UNEP FI has decided to carry out a Phase 2 of this work and has to that effect recruited at least 29 commercial and development banks (final number is to be confirmed) that will participate and support this second Phase.
Building from the methodologies, and corresponding insights and recommendations, published by UNEP FI & Partners, Phase 2 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 Phase 1
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, full-time consultant to act as the UNEP FI project manager for this Phase 2, and to further establish, run, and coordinate the required work, across the three objective areas listed above.

Outputs of services:
1 Objective area 1 (transition risk only)
• A detailed ‘onboarding’ work-plan reflecting the transition risk & opportunity ‘Clinics’ for a maximum of 3-4 sectors - 1) utilities, 2) oil & gas, 3) metals & mining, 4) agriculture) - through which the knowledge and experience gained during Phase I of the TCFD Pilot - on transition-related risks and opportunities - is transferred to further UNEP FI member banks that have joined Phase II of the Pilot. The work-plan should reflect the number (2-4), nature, sequencing and schedule of ‘group interactions’ (mostly calls), as well as, potentially, the tasks that bank staff participating in the Clinics shall carry out and complete in-between such group interactions. This work-plan should be coordinated and compatible with an equivalent work-plan reflecting the physical risk & opportunity ‘Clinics’, and which will be subject of a separate, complementary UNEP FI consultancy
• 3-4 transition risk & opportunity Clinics, each focused on a different sector and largely based on the Phase 1 methodologies and approaches, and each consisting of a sequence of ‘virtual group interactions’ (webinar-based conference calls), as well as, potentially, a sequence of tasks for participating banks to carry out and complete in-between each group interaction. The Consultant will prepare, coordinate, and lead the group interactions. The methodology application, however, will be led by the banks. The Consultant is not expected to perform the analysis.
• A set of recommendations coming out of virtual bilateral interactions with participating banks, over the phone, on an as-needed basis (up to a total, however, of 3 interactions per newcomer bank)
2 Objective area 2 (transition and physical risks)
• A scoping paper (or presentation) highlighting and describing 2-4 potential areas of work and intervention for the banks to jointly address - and progress on - up until the end of Phase 2. Examples include new scenarios or access to additional data sources. The scoping paper/presentation shall be based on:
 the insights gained and recommendations developed in Phase 1, as well as in UNEP FI’s subsequent TCFD pilot for investors
 a structured consultation with i) all participating Phase 2 banks as well as ii) key stakeholders from relevant disciplines (climate-related modelling; asset-level client data; financial risk assessments and stress-testing experts; legal; etc.)
 background research as required and deemed useful
The scoping paper/presentation shall detail:
 the rationale for the intervention and any deliverables as envisioned
 the nature of the intervention, the role(s) of the banks, and the roles of any partner organisations and/or partner networks
 the funding model and the resources required
• A formal decision by all UNEP FI banks participating in Phase 2, informed by the above scoping study, on which 2-4 work and intervention areas Phase 2 shall execute on, and which deliverables it shall work towards.
• TORs and/or contracts, as needed, with third-party partners as required, to execute on the agreed-on 2-4 work and intervention areas.
• In each of the agreed-on 2-4 work and intervention areas, a sequence of virtual and in-person, bilateral and group interactions, including with Phase 2 banks as well as any identified and engaged third-party organisation- and network- partners, as required and deemed useful, aimed at implementing and operationalising the work and interventions.
• In each of the agreed-on 2-4 and intervention areas, the deliverables as envisioned and agreed on by Phase 2 banks, ultimately captured and documented in a Phase 2 final report.
• An author identified - and secured via a legal agreement - to draft the Phase 2 final report.
3 Objective area 3
• A partnership / an engagement with online/website/communications experts/company with the objective to create on the UNEP FI website a ‘TCFD and climate reporting hub’ for the global banking industry aimed at displaying all relevant resources, bank case studies, and ultimate TCFD disclosures by banks.
• A string of virtual and/or in-person, bilateral and group interactions, between Phase 2 banks as well as any identified and engaged stakeholders of relevance including:
- Investors/investor associations
- UNEP FI TCFD working groups of insurers and investors
- High impact industry representatives/associations
- Policy makers/regulators (e.g. network of Central Banks on greening the financial system – NGFS, Financial Stability Board (FSB))

Specific tasks and responsibilities

The consultant will:
1 Undertake the development, preparation and drafting of the detailed ‘onboarding’ work-plan reflecting the transition risk & opportunity ‘Clinics’ for a maximum of 3-4 sectors.
2 Undertake the preparation, convening and execution of 4 transition risk & opportunity Clinics, each focused on a different sector and largely based on the Phase 1 methodologies and approaches, and each consisting of a sequence of ‘virtual group interactions’ (webinar-based conference calls), as well as, potentially, a sequence of tasks for participating banks to carry out and complete in-between each group interaction. The Consultant will support the banks in applying the methodology but is not expected to perform the analysis.
3 Undertake the preparation and execution a set of virtual bilateral interactions with participating Phase 2 banks, over the phone, on an as-needed basis (up to a total of 3 interactions per newcomer bank).
4 The consultant will assist in the design, preparation and development of a scoping paper (or presentation) highlighting and describing 2-4 potential areas of work and intervention for the banks to jointly address - and progress on - up until the end of Phase 2. For the sake of clarity, the Consultant will not be responsible for carrying out the work described in the scoping paper but will, however, support the banks and UNEP FI in identifying and describing the areas of work under Objective area 2 - transition and physical risks.
5 Undertake the drafting TORs and contracts – to engage, select and secure third-party institutional and network partners, including the author of the final Phase 2 report.
6 Facilitate communications among Phase 2 Banks, between Phase 2 Banks and engaged third-party partners, between Phase 2 Banks and – for promotional and communications purposes - relevant stakeholders, as well as all communications between the UNEP FI Secretariat and all parties (as needed) through the UNEP FI membership base, and the main financial services sector regional partnerships that are already in place.
7 Set out a strategy and design for the UNEP FI website, as well as a new, upgraded ‘hub’ on TCFD adoption in the finance sector compiling all relevant resources (guidelines, tools, methods, case studies, disclosures). In this, the Consultant’s focus will be on content and overview rather than on programming implementation. In order to achieve this the consultant will work together with existing IT and web-programming expertise within the UNEP FI Secretariat.

Qualifications/special skills

Skills: The consultant(s) should have a proven track record in international project management involving different stakeholder types, particularly banking organisations, and with a particular focus on banks’ credit risk management.

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

Experience: 6 years of experience in the financial services sector, or in commercial consulting, examining the credit risk assessment and management systems of financial institutions, especially banks.

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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