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1 UNEP Survey on the Environment and Banking Part 2 (mind)  167 sor     (cikkei)

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szivesen elkuldjuk a teljes valtozatot e_mail-kent avagy ha nagyon
szukseges hard-copy (korlatozott szamban) szinten elerheto: e_mail
to Mr. Terry Collins at  or to me 
snail mail address: UNEP/Regional Office for North America, 
Two UN Plaza, Room DC2-806, New York, NY 10017 USA

                                * * * 


                              Part 2 of 6


UNEP GLOBAL SURVEY ON ENVIRONMENTAL POLICIES AND PRACTICES OF  
              THE FINANCIAL SERVICES INDUSTRY  
> ============================================
  
UNEP GLOBAL SURVEY ON ENVIRONMENTAL POLICIES AND PRACTICES OF  
          THE FINANCIAL SERVICES INDUSTRY  
  
I.     Overview of the Study  
  
Prior to the mid-1980's the financial services industry was  
deemed to have a nominal impact on the environmental quality of  
the world, on the sound use of natural resources, or on the  
recently popularized concept of "sustainable development."  Over  
the last several years, however, industry watchers and  
participants around the world have come to realize that the  
financial service industry~s actions do, in fact, play a major  
role in shaping the nature of a very broad range of environmental 
and economic issues.  
  
This research, conducted by the Environment and Finance Research  
Enterprise, sponsored by the United Nations Environment Programme 
with additional financial support from Salomon Inc., serves as a  
barometer of how the industry is currently looking at these key  
environmental issues.  The study succeeded in identifying a  
number of key trends regarding the industry's commitment to  
environmental programs over the next fifteen years.  Due to its  
international scope and the breadth of issues covered, the survey 
contributes materially to understanding the importance of
environmental issues within the financial services industry.  The 
research and its findings will assist the United Nations  
Environment Programme, other multilateral agencies, business  
associations, national ministries and individual firms in  
adopting a more proactive and global approach to supporting  
environmental initiatives within the financial services industry. 

  
What role does the financial services industry play in the area  
of environmental stewardship or sustainable development and why  
is it important?  The answer is tied directly to the nature of  
the industry's purpose ~ providing capital in all its various  
forms to individuals, companies and governments for economic  
development.   
  
The extent to which financial institutions (i) perform  
environmental reviews when making an investment or loan decision  
or (ii) redefine the liability issue to consider not only risks,  
but opportunities as well, will greatly impact the global  
environment.  This is true because these actions are significant  
in determining what technologies and development activities are  
supported, and conversely which remain unfunded.  
   
  
  
II.    Research Approach   
  
1. Criteria for identifying and selecting an institution - The  
research was designed to include institutions from all major  
financial markets.  Criteria were developed to identify firms to  
be included in the survey.  The target population was to be  
composed largely of firms with home offices in countries with  
developed financial markets.  The United Nations Environment  
Programme requested that the research team focus primarily on  
commercial banks, and secondarily on investment banks, and also  
that at least 20% of the initial target population be from non-  
industrial economies.    
  
2. Secondary research on industry - The population was selected  
based on information obtained from the major banking source books 
available in English (Moody's, Standard & Poor~s, Polk~s,  
Thomson~s, etc.), as well as a review of several trade  
publications and member lists of a number of major associations.  

 The process resulted in identifying close to 600 institutions  
worldwide.    
  
3. Phone qualification - Each selected institution (288) was  
called at least twice.  Where possible, the environmental  
affairs/management department was contacted.   
  
4. Mailing of Surveys - The survey was mailed to each  
identified individual that agreed to participate (172).   
  
5. Follow-up contact - If no written response was received within 
5 weeks, a follow-up call was made.  If the institution no longer 
wished to participate, a reason for declining was requested.  
  
A copy of the survey  is included as Appendix A.  
  
III.   Respondents  
  
   A.  Targeted institutions  
  
           288   Institutions identified as potential respondents 
           210   Institutions reached by phone  
           172   Institutions qualified on phone  
           172   Surveys mailed/faxed  
           131   Institutions responded (41 formally declined for 
                 a wide range of reasons  
                 ranging from not applicable to confidentially or 
                 liability concerns)  
            90   Completed surveys received*   
  
* Two of the 90 responses were received after the deadline of  
October 15, 1994 and are only included in the data for Section  
III.  
  
   B.  Responses segmented by geography and development stage of  
financial markets***  
         
         
         
  
   B.  Responses segmented by geography and development stage of  
financial markets***  
         
         
         
        The selection criteria limited the number of institutions 
from any one continent to 40%. However, the selection criteria is 
not maintained in the respondent population due to self-        
selection by the potential respondents.*  
  
            42   Europe                   75     Industrial  
            27   North America            14     Transitional  
            18   Asia/Pacific              1      Developing  
             3   Middle East Africa  
             0   South America  
  
The complete lack of response from South America was the only  
major disappointment of the study.  A dozen surveys were mailed  
to pre-qualified institutions who had expressed an interest and  
or support for the study and its objectives.  Follow-up phone  
calls were either returned with further assurances of completion  
or not returned.  Given the nature of the study no reason for the 
lack of response can be offered.  
  
The number of responses from firms in transitional economies is  
extremely encouraging since on a percentage basis they  
participated at a level equal to firms in industrial economies.   
Although we received only one response from a firm in a  
developing economy, it most be noted that institutions from  
developing economies (i) represented only 3% of the initial  
sample of 288 institutions and (ii) accounted for only three of  
the 172 pre-qualified institutions that received the survey.  
  
A list of respondents  is presented as Appendix C.  



                 Gabor Szilagyi  > 
                 United Nations Environment Programme
                 Regional Office for North America
                 TEL (212)963-7781 
                 FAX (212)963-8193

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