Public - visible to all visitors to the platform.
Open to join - users can join this group without approval.
Invite only - users can only join this group if they are added/invited by group managers.
The financial system can play a major role in contributing to a transition towards a low-carbon, resilient and inclusive economy. However, for this to happen, three key deficiencies must be addressed: the misallocation of available capital for long-term development; externalities and systemic risk, including climate change; and environmental stress, notably natural disasters. Critical to aligning financial and capital markets will be measures within the financial system to green private finance through adjustments to key policies, regulations, standards and norms, and through market innovations.
In 2018, the Global Environment Facility (GEF) launched the GEF Aligning Finance Policies project to build international consensus to align financial systems with the UN Sustainable Development Goals (SDGs) and develop national regulatory actions. The project focuses on the development of national Sustainable Finance Roadmaps in six countries – China, India, Kazakhstan, Mexico, Mongolia and Nigeria – and building international consensus on best practices – from policies and regulations to standards and norms – to green the financial system.
This Green Forum discussion is for professionals to share their knowledge and experience on sustainable finance, particularly best practices to help align the financial system with sustainable development and climate change mitigation needs, as well as ways to incorporate sustainability factors into the rules that govern banking, insurance, institutional investment and capital markets.
Supported by
Created a Post in Sustainable Finance
Carney Calls Net-Zero Greenhouse Ambition ‘Greatest Commercial Opportunity'
Mark Carney is calling on banks, insurers and fund managers to play their part in “re-engineering” the global economy towards net-zero greenhouse gas emissions and says there’ll be great rewards from doing so.
The World Bank just released a new ESG report for sovereign debt managers -- Riding the Wave: Navigating the ESG Landscape for Sovereign Debt Managers. The paper presents an overview of areas in which debt management offices (DMOs) can respond to the changing world and proposes six ESG market readiness factors as well as a framework to help formulate DMO strategy in the area of ESG investing. https://documents.worldbank.org/en/publication/documents-reports/docume…
Is corporate social responsibility an entry point of development finance, from an interdisciplinary view? This is an open discussion and all opinions are welcome.
Communities across the United States are facing more intense and frequent extreme weather events, many exacerbated by climate change. Not all losses from these events are privately insured, and local, state and federal governments are often called upon to take up the slack. Governments also face the direct cost of repairing damaged or destroyed public infrastructure.
Interesting new currency-derivative at JP Morgan Chase for green finance.
UNEP is launching the Restoration Seed Capital Facility on 27 October at 15:00 (CET)
Here's an interesting tool from the Transition Pathway Initiative (TPI). It's a global, asset-owner led initiative which assesses companies' preparedness for the transition to a low carbon economy. It seems to provide some interesting corporate climate action benchmarking capabilities. Would be nice to see something like this collaborate with the Science Based Targets Initiative (https://sciencebasedtargets.org) to match verified targets with good benchmarking facilities.
A survey of 17 of the UK's largest banks has found that just five of them have net-zero targets or science-based emissions targets.
Finance for biodiversity pledge It is different from F4B Initiative
Interesting article by Premal Ranchod arguing that South Africa is committing to a green recovery as the blueprint for rebuilding the economy.