Key Study by ICF International for the United Nations Environment
Programme Finance Initiative Examines Environmental, Social, and Economic
TORONTO, October 25 /CNW/ - Financial institutions offering "green"
financial products and services are in a position to realize widespread
benefits--from monetary gain to an improved corporate image--while at the same
time boosting their contributions to sustainable development.
Published in the report, Green Financial Products and Services: Current
Trends and Future Opportunities in North America, the findings were presented
earlier this week in Melbourne, Australia, at the United Nations Environment
Programme Finance Initiative (UNEP FI) Global Roundtable, a summit to discuss
the challenges and opportunities around sustainable development for the
financial services sector. The report was prepared for the UNEP FI North
American Task Force by ICF International, a leading global professional
services firm with offices throughout North America and around the world.
"As the sustainability agenda begins to capture the public and corporate
imagination, financial institutions are starting to recognize the value in
delivering green products and services to their corporate and retail clients,"
said Paul Clements-Hunt, head of UNEP FI. "This comprehensive study identifies
best practices and lesson learning opportunities from around the globe, as
well as key opportunities in North America to help companies build a greener
business, satisfy customer demands, and potentially increase market share."
This latest report is the most comprehensive study to date on green
financial products and services. The report examines best practices around the
globe and covers a number of financial sectors, including retail, corporate
and investment banking, asset management, project finance, and insurance.
"As environmental understanding and awareness grows in North America, so
does the demand for products and services that advance environmentally
sustainable lives, livelihoods, and communities," said Skip Willis, managing
director of ICF's operations in Toronto. "The European financial institutions
have provided leadership in this area, and there are many lessons that can be
learned in applying these practices in North America."
Examples of green financial products and services examined in the report
include: car loans for cars with low greenhouse gas emissions and/or high fuel
efficiency; energy efficiency mortgages; alternative energy venture capital;
eco-savings deposits; and climate credit cards that may offer to donate a
small percentage of every purchase, balance transfer, or cash advance to
emission reduction projects.
UNEP FI carries out its activities in North America through the North
American Task Force. The task force is working to incorporate the principles
of sustainable development as normal business practice throughout the North
American financial sector.
ICF International (NASDAQ: ICFI) partners with government and commercial
clients to deliver consulting services and technology solutions in the energy,
climate change, environment, transportation, social programs, health, defense,
and emergency management markets. The firm combines passion for its work with
industry expertise and innovative analytics to produce compelling results
throughout the entire program life cycle, from analysis and design through
implementation and improvement. Since 1969, ICF has been serving government at
all levels, major corporations, and multilateral institutions. More than 2,500
employees serve these clients worldwide. ICF's Web site is www.icfi.com.
This document may contain "forward-looking statements" as that term is
defined in the Private Securities Litigation Reform Act of 1995--that is,
statements related to future--not past--events, plans, and prospects. These
statements involve known and unknown risks, uncertainties, and other factors
that may cause our actual results, levels of activity, performance, or
achievements to be materially different from any future results, levels of
activity, performance, or achievements expressed or implied by such
forward-looking statements. In some cases, you can identify these statements
by forward-looking words such as "guidance," "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "plan," "potential," "seek," "should,"
"will," "would," or similar words. You should read statements that contain
these words carefully because they discuss our future expectations, contain
projections of our future results of operations or of our financial position,
or state other forward-looking information, and are subject to factors that
could cause actual results to differ materially from those anticipated. For
ICF, particular uncertainties that could adversely or positively affect the
Company's future results include but are not limited to: risks related to the
government contracting industry, including the timely approval of government
budgets, changes in client spending priorities, and the results of government
audits and investigations; risks related to our business, including our
dependence on contracts with U.S. Federal Government agencies and departments
and the State of Louisiana; continued good relations with these and other
customers; success in competitive bidding on recompete and new contracts;
performance by ICF and its subcontractors under our contract with the State of
Louisiana, Office of Community Development, including but not limited to the
risks of failure to achieve certain levels of program activities, termination,
or material modification of the contract, and political uncertainties relating
to The Road Home program; uncertainties as to whether revenues corresponding
to the Company's contract backlog will actually be received; the future of the
energy sector of the global economy; our ability to attract and retain
management and staff; strategic actions, including attempts to expand our
service offerings and client base, the ability to make acquisitions, and the
performance and future integration of acquired businesses; risks associated
with operations outside the United States, including but not limited to
international, regional, and national economic conditions, including the
effects of terrorist activities, war, and currency fluctuations; and other
risks and uncertainties disclosed in the Company's filings with the Securities
and Exchange Commission. These uncertainties may cause ICF's actual future
results to be materially different than those expressed in the Company's
forward-looking statements. ICF does not undertake to update its
For further information:
For further information: ICF International Polly Shannon, 703-934-3144