The ILO's Social Finance Programme’s Post

Register your interest for the UNEP FI Global Roundtable this December and receive updates on confirmed speakers, agenda items and more: https://ow.ly/2FMH50RWsHz UNEP FI’s biennial Global Roundtables bring together banks, insurers, investors, regulators, policymakers and civil society to shape the sustainable finance agenda and catalyse action across the financial system to deliver more sustainable global economies for years to come. #GRT2024 #sustainablefinance

📢CDP welcomes the final report of the #G20 Sustainable Finance Working Group (SFWG) for 2024, presented under Brazil's G20 Presidency. The recommendations under each priority area cover crucial aspects of sustainable finance and would be key to creating a more inclusive and effective architecture for global sustainable finance.   The inclusion of the SFWG's recommendations in the Declaration sets a decisive path toward unified and actionable commitments for sustainable development, underscoring our shared responsibility and urgent need to foster a sustainable financial future globally.   Moving forward, we are excited to continue supporting the G20 SFWG's recommendations with initiatives like our dedicated SME Questionnaire, which has already empowered over 12,500 companies to embark on their sustainability journey. Additionally, our focus on advancing credible, robust, and just transition plans will further contribute to a global economy that is resilient, inclusive, and aligned with the goals of the Paris Agreement and the 2030 Agenda for Sustainable Development. #G20Brazil #SFWG #sustainablefinance #SMEdisclosures

🎉 It’s an exciting time as banks step up to address some of the most critical challenges of our time—climate action, biodiversity loss, and sustainable development. By aligning with the UN Principles for Responsible Banking (PRB), banks are becoming powerful catalysts for a greener, more resilient future. At the UNEP FI 18th Global Roundtable on 10-11 December in Geneva, we’ll showcase how financial institutions are transforming their strategies to meet global goals like the #GlobalBiodiversityFramework and the #ParisAgreement. Through effective impact analysis and target setting, PRB signatories are helping reshape the future of banking—driving real change for both people and planet. Join us at #GRT2024 to be part of this important movement. Register here: https://lnkd.in/dKwWm8jy #5YearsOfPRB #sustainablebanking #sustainablefinance

🌍 Exciting Discussions on Sustainable Finance at the G20 Private Sector Roundtable in Brasilia! 🌱 Thrilled to have participated in insightful conversations with global experts on advancing sustainable finance and climate resilience. Key themes emerged, emphasizing the urgency for a sustainable finance framework, alignment of transition plans with policies, and the importance of collaboration among stakeholders. Key Takeaways: 🔹 Urgent Need for Sustainable Finance Framework: Experts emphasized the need for a comprehensive framework to drive the transition to a low-emissions economy and promote climate resilience. Private capital mobilization was highlighted as critical for addressing environmental challenges. 🔹 Transition Plans and Policy Alignment: Transition plans were identified as vital tools for climate alignment, especially for financial institutions and corporates. There's a call for consensus on credible transition plans and high-level principles. Policy alignment and supportive environments are essential for effective transition plans. 🔹 Engagement and Collaboration: Effective engagement among various stakeholders—government, corporates, financial institutions—is crucial for successful transition planning. Collaboration among policymakers, regulators, and supervisors is seen as imperative for achieving a just transition. 🔹 Nature-Based Solutions and Innovation: Nature-based solutions gained prominence, with advocates pushing for their integration into transition plans. Innovation, particularly in digital tools and financing mechanisms, was highlighted as crucial for addressing sustainability challenges. 🔹 Challenges and Opportunities: While challenges such as regulatory complexities and data access were acknowledged, experts also emphasized the opportunities presented by the energy transition, including job creation and social well-being. These discussions underscored the collective effort and collaboration needed to build a sustainable financial ecosystem and effectively tackle climate change. Let's continue working together towards a greener and more resilient future! 💚🌏 #SustainableFinance #ClimateResilience #G20Roundtable #GreenEconomy #Collaboration #ClimateAction

💡📖🌱 Finding up-to-date resources on Sustainable Finance can be challenging and time-consuming. Our digital library is here to simplify the process, providing knowledge and information for everyone, from industry professional to beginner. Explore the latest insights, research, and best practices from renowned authors and key market players. 📚The latest publications include: Deforestation and Conversion, WWF (July, 2024) Stocktake on Nature-related Risks, Financial Stability Board (FSB) (July, 2024) Schweizer Pensions­kassenstudie 2024, Swisscanto by Zürcher Kantonalbank (June, 2024) Swiss Sustainable Investment Market Study 2024, Swiss Sustainable Finance (June, 2024) Additional guidance for financial institutions, Taskforce on Nature-related Financial Disclosures (TNFD) (June, 2024) 🔗Access these and many more publications here: https://lnkd.in/dc_pqur9 #Sustainablefinance #Sustainableinvesting #Transparency #Regulation

📚 Report of the Week: Incorporating Just Transition Considerations into Financial Sector Transition Planning 💡 Check out this insightful input paper of a collection of three for the G20 Sustainable Finance Working Group by United Nations Environment Programme Finance Initiative (UNEP FI) and International Labour Organization on how the financial sector can play a pivotal role in achieving a just transition to a low-carbon economy. 🌱 The report outlines a strategic framework for integrating environmental and social aspects into the core operations of financial institutions, emphasizing that a just transition must safeguard the rights of vulnerable populations and maximize positive social outcomes. 🌍 Key recommendations include embedding social equity in national strategies, promoting the publication of transition plans, and ensuring meaningful stakeholder engagement. The report stresses the importance of creating an enabling policy environment that incorporates human rights due diligence and social considerations in sustainable finance taxonomies. 🔗 Read more here: https://lnkd.in/e9jNwfxb 🔗 Check out the whole collection of input papers for the G20 Sustainable Finance Working Group here: https://lnkd.in/eapbdfN3

In the context of the Belgian EU Council presidency Vice-Premier Minister David Clarinval and the FPS Economy organised today in the Egmont Palace in Brussels the event "Access to Finance for SMEs: Assessment and Perspectives". Febelfin was invited to take part in the panel on "Sustainable Finance and ESG reporting". A number of topics were discussed, including the fact that transition finance takes center stage, urging businesses to actively pursue sustainability rather than just achieving it. A holistic assessment of company strategies, beyond traditional ESG ratings, is crucial for effective transition. Banks, while considering ESG ratings, must also assess clients' transition potential. To support SMEs facing reporting pressures, a common ESG questionnaire is in the works, emphasizing proportionality. Recognizing the complexity of ESG, banks play a vital role in raising awareness and providing tools for SMEs. Beyond financing, non-financial support, such as sustainability advisory services and partnerships, aids SMEs in their journey. Ultimately, shared interests lie in financing resilient, future-proof solutions for lenders, investors, SMEs, and society. A big thank you to Karen Boers, Burçak Inel, Hilde Rutten and Alexander Stevens for an inspiring debate!

We’re now into Session 2 of The Great Transition: Irish – U.K. Transition Finance Summit, exploring how policy and regulation can enable the transition to a sustainable future. Moderated by David Carlin, this session features a distinguished panel of experts: - Marcos Mancini, Head of Secretariat, G20 Sustainable Finance Working Group & Senior Advisor, UNDP Sustainable Finance Hub - Felicity Hall, Head of Sustainable Finance Innovation, City of London Corporation - Mardi McBrien, Chief of Strategic Affairs, IFRS Foundation - Jacques Morris, Head of the International Transition Plan Network (ITPN) Together, they’re discussing international and U.K. perspectives on sustainable finance policy, exploring the frameworks and innovations needed to support a low-carbon economy. These insights are critical for shaping actionable pathways to achieving climate goals. Stay tuned for more updates! #SFWI2024 #TransitionFinance #SustainableFinance #PolicyInnovation #ClimateAction

I am excited to speak at the Sustainable Finance Summit 2024 co-organised by Accuracy and the Global Ethical Finance Initiative (GEFI), to discuss alongside other leaders how to navigate the evolving landscape of sustainable finance and promote meaningful investment practices that align with the SDGs.   For more information visit https://lnkd.in/ehdU6Krh #SustainableFinance #ESG #Accuracy #GEFI #Sustainability

[Events]📢 Our team will be attending to Invest in Türkiye Forum organised by EEL Events and Invest in Türkiye in London at St. Ermins Hotel on 18 September 2024. M. Yiğit Örnek will also moderate a panel discussion on sustainable investment strategies and ESG in Türkiye, with the participation of leading professionals! Details are listed in the below post! Please reach out to us if you have any questions! #sustainableinvestment #ESG #InvestinTürkiye