Financing the Transition – How Financial System Reform Can Serve Sustainable Development



  • The Financial System We Need: Aligning the Financial System with Sustainable Development

    Date: 08-Oct-2015

      Download the full report: [AR] [CH] [EN] [ES] [FR] [PT] [RU] Download the policy summary: [AR] [CH] [EN] [ES] [FR] [PT] [RU] This first edition of “The Financial System We Need” argues that there is now a historic opportunity to shape a financial system that can more effectively finance the development of an inclusive, green economy. This opportunity is based on a growing trend

  • Financing the Transition – How Financial System Reform Can Serve Sustainable Development

    Date: 15-Nov-2016

    This report is focused on understanding how the growing number of policy and regulatory measures taken in the financial system can support a real economy in transition, seeking to answer the question: ‘what measures are most needed to deliver efficiency, effectiveness and resilience in ways that the financial system can contribute to specific sustainability priorities

  • Green Finance for Developing Countries

    Date: 15-Jul-2016

    This report outlines key concerns and needs of developing countries in relation to green finance, particularly focusing on developing countries that are not members of the G20. It also highlights emerging innovations, drawing in particular from engagement with practitioners and regulators from Bangladesh, Colombia, Egypt, Honduras, Jordan, Kenya, Mauritius, Mongolia, Morocco, Nigeria, the Philippines, Thailand

  • India Country Report

    Date: 29-Apr-2016

    An India Advisory Council of the UNEP India Inquiry was convened by the Federation of Indian Chambers of Commerce and Industry (FICCI). This report highlights key proposals emerging from their discussions for aligning the Indian financial system with sustainability. In the Indian context, they call for development of a more robust and resilient ‘sustainability-oriented market framework’ focused

  • Lenders and Investors Environmental Liability

    Date: 19-Apr-2016

    This working paper presents an overview of Lender Environmental Liability (LEL) and Investor Environmental Liability (IEL) regimes and issues. Environmental harm and degradation is often irreparable. Therefore, our assumption is that precaution is the main objective of any international and domestic environmental legal regime. The paper explores the conditions under which LEL/IEL can be effective


India's Federation of Indian Chambers of Commerce and Industry (FICCI) has catalysed a high-level dialogue between the industry, government and regulators as to how to best align India’s developing financial system with the country’s massive investment needs. The Inquiry's work in India has also been stewarded by Naina Lal Kidwai, Chairman of HSBC India and member of the Advisory Committee.

India’s focus is on harnessing the financial system to provide the capital required to bring clean, affordable and reliable supplies of water and energy to all of its 1.3 billion citizens. A core financial policy in India is the Priority Sector Lending  requirement for banks to allocate 40% of lending to key sectors such as agriculture and small and medium-sized enterprises. In 2015, the Reserve Bank of India (RBI) included lending to small renewable energy projects within the targets. The RBI has a vision of introducing market for trading priority sector lending obligations, incentivizing lower cost delivery. Efforts to strengthen business responsibility in the financial sector have also been stepped up, with the Indian Banking Association introducing the National Voluntary Guidelines for Responsible Finance in 2015.

Read the Country Report

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