Asset Pools : Equities
- Sustainability disclosure: Harmonizing and strengthening stock market requirements for reporting on environmental performance and risks.
- Deepen the use of sustainability data by investment analysts and in benchmarks and indices by encouraging greater transparency in both equity analysis and indices.
- Upgrade the capital-raising function of equity markets for example by reducing the registration costs for ‘green IPOs’ and ensuring regulations enable innovative, infrastructure investment vehicles such as green infrastructure investment trusts (yieldcos).
- Mobilize more private capital into infrastructure. Review financial regulations to remove unintentional constraints on investments in sustainable infrastructure. Optimise “blended finance” approaches to ensure that good value is obtained for public spending, and to develop best practice and expertise.
Download the policy summary: [AR] [CH] [EN] [ES] [FR] [PT] [RU] Download the individual chapters: Chapter 1: Mapping the momentum | Chapter 2: Harnessing financial technology for sustainable development | Chapter 3: Measuring performance | Chapter 4: Steps towards transformation Our follow-up annual report reveals a doubling in policy actions over the past five years to align the global financial system with sustainable
The report, a companion to the second edition of “The Financial System We Need”, examines how the international financial standards currently relate to the goals of sustainable development and explores opportunities for better alignment as a way to promote greater stability, resilience and fairness to the financial system. The key messages are: Financial standards have
The report finds that China – which put green finance on the G20 agenda during its 2016 presidency – is following through on its political commitment to boost the financing required to do this. The report looks particularly at progress since the State Council in August 2016 approved a set of recommendations for action on
This paper explores whether the extent to which Regulation 28, CRISA and JSE Integrated Reporting Standards (referred to as governance policy innovations) have influenced the level of investment that integrates Environmental, Social and Governance (ESG) in its decision making process. It finds that while governance innovations have increased actors’ awareness about interrelationship between ESG factors and financial performance it
This report highlights experience from France in improving the integration of sustainability issues into financial decision-making. A key area of focus has been on improving information and market analysis. Environmental, social and governance (ESG) reporting requirements were first introduced in the New Economics Regulation law of 2001, and strengthened by the 2010 ‘Grenelle II’ law and 2015 the
The US financial system is undoubtedly among the largest, most innovative and most sophisticated in the world. It is also clear that this is both a benefit and an impediment to non-governmental investment in sustainability and inclusiveness. To date, the actual investment in infrastructure and sustainability does not meet current needs, especially those related to maintaining
Placing Indonesia’s economy onto a green and sustainable development pathway, as envisaged in the National Long Term Development Plan, will require a large mobilization of investment. Estimates of the annual investment needed are in the order of US$300‐530 billion, with a large portion of this investment needed in critical infrastructure, as well as environmentally sensitive
In recent years, a plurality of different governance initiatives has emerged that are designed to expand the disclosure of environmental risk within financial markets. There is evidence for policy convergence among different initiatives but it lacks the enforcement necessary for coherence, and contributes to uncertainty within the financial sector over the impact of environmental risk. This uncertainty justifies an expanded role of international
This is the 3rd Update Report of the UNEP Inquiry, it is focused on the challenge of financing the low-carbon transition. It explores how innovative ideas and practices can be made more effective, adopted more widely, and taken to scale—and as a result move the trillions that are required. Scaling-up proven but limited innovations, is a common
Stock exchanges have historically played an important role in economic growth and development through enabling effective capital allocation. However, exchanges and markets more broadly have changed over time, in structure, inter-connectedness and rate of activity. This has happened against a backdrop of growing recognition of the unsustainability of the current economic growth path in both
- How Do The Capital Markets Undermine Sustainable Development? What Can Be Done To Correct This?
Waygood, S (2011). Journal of Sustainable Finance and Investment. 1:1, 81-87
- Best Practice Guidance For Policymakers And Stock Exchanges On Sustainability Reporting Initiatives
UNCTAD (2013). Note prepared by the UNCTAD secretariat TD/B/C.II/ISAR/67. Geneva: UNCTAD.
- Sustainable Stock Exchanges Initiative: Report on Progress
Sustainable Stock Exchanges Initiative (2014).
- Kay Review of Equity Markets
Kay, J. (2012).
- Measuring Sustainability Disclosure: Ranking the World’s Stock Exchanges
Corporate Knights Capital (2014). October 2014.
- A Roadmap for Sustainable Capital Markets
Aviva (2014). Aviva.