The IIF Sustainable Finance Working Group (SFWG) brings together key stakeholders to identify and promote capital markets solutions that support the development and growth of sustainable finance. The SFWG includes representatives from global banks, major institutional investors, credit ratings agencies, consultancies and other interested parties, as well as public sector collaborators such as the UN Environment Programme (UNEP), World Bank/IFC and many more.
The IIF Sustainable Finance Working Group is chaired by Daniel Klier, Group Head of Strategy and Global Head of Sustainable Finance for HSBC. The SFWG has four subgroups, which cover a range of themes including:
- Engagement with Regulators and Policymakers (including the Central Banks and Supervisors Network for Greening the Financial System);
- Disclosure and Data (including the work of the Task Force for Climate-Related Financial Disclosures);
- Taxonomy and Impact Investment (defining and scaling up sustainable finance); and
- Climate Economics (understanding the impact of environmental, social and governance (ESG) risks for the global economy and financial stability).
IIF member firms around the world have been launching a wealth of new products, investment vehicles and programs to help bring sustainability considerations into the mainstream of global finance. Our job is to help connect these initiatives and align forces with public sector efforts to reach the same vitally important goals.