17.07.2020 // General news

Why Sustainable Finance standards matter

What is the point of private individuals' everyday sustainability efforts if the global financial industry does not follow suit? A financial system that considers environmental and social aspects when making investment decisions is a key factor in achieving global sustainability goals. ISO wants to contribute to a sustainable financial sector by developing standards. Two standards projects have already been launched and others will follow.

Learn more about the status of the ISO «Sustainable Finance» standards projects in the ISO Webinar.

The webinar takes place on Thursday, 23 July 2020 from 13:00 - 14:30 CEST.

Financial activities have a vital role to play in the transition to a sustainable global society.

A large number of voluntary and regulatory activities are being developed. Many stakeholders are explicit in recognising the benefit that international standards could offer to accelerate maturity in the sustainable finance markets,

The current lack of a globally agreed definition of sustainable finance is part of what ISO’s «Sustainable Finance» Committee ISO/TC 322 standardization work seeks to address. This definition applies to the practices, activities and products of the financial sector, and the varying interpretation of what constitutes good sustainable finance practice.

Sustainable finance is considered by ISO/TC 322 to mean financing, as well as related institutional and market arrangements that contribute to the achievement of strong, sustainable, balanced and inclusive economic activity.

Learn more about the committee's work, and how to engage, influence and contribute to developing international ISO standards in sustainable finance. The webinar is open to all with an interest in sustainable finance.

The program of the webinar and the link to the registration can be found here:

Further information

This webinar is organised by ISO’s «Sustainable Finance» Committee (ISO/TC 322) and is hosted on its behalf by BSI (British Standards Institution). If you have any questions, please contact Mike Henigan, ISO/TC 322 Committee Manager, at mike.henigan@bsigroup.com

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