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Sustainable finance coverage and regulation is essential to align monetary flows with the worldwide sustainability agenda. Whether or not driving innovation, or addressing the worldwide challenges arising from the triple planetary disaster of local weather change, biodiversity loss and air pollution, well-crafted coverage and regulation can mobilize capital in the direction of sustainable growth, promote transparency and disclosure, present widespread language and requirements, and foster collaboration amongst stakeholders. With out coherent coverage, sustainable finance might not be sufficiently prioritized by the monetary sector and its counterparties, resulting in missed alternatives for investments in sustainability.
To behave rapidly and in a coordinated vogue, the finance trade more and more wants harmonized and sound regulation that ensures readability of route, facilitates a simply transition in key financial sectors, helps the belief of voluntary commitments, and helps stop reputational dangers and greenwashing.
Our international method focuses on facilitating compatibility between coverage and regulatory frameworks the world over. To take action, we’re a part of a number of multilateral collaboration platforms, together with the G20 Sustainable Finance Working Group, the EU Platform on Sustainable Finance and the Worldwide Platform on Sustainable Finance Stakeholder of the Community for Greening the Monetary System.
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