Home > Environmental, Social and Governance > Alliance of Global Investors Release Recommendations to Harmonise and Scale Sustainable Finance. These leading partner organizations have committed to working towards a sustainable future by collaborating in the generation, management and sharing of knowledge. The GISD co-chairs, in their forewords to the report, acknowledge the dramatic implications of the COVID-19 pandemic on sustainable development, leading the group to enhance its focus and commitment to advancing the GISD’s goals in the context of “building back better”.

In the period since the last report was released, the global sustainable investment market has continued to grow, and in most of the regions covered by GSIA’s member organizations, its share of professionally managed assets has also grown. BEIJING, BOSTON, BRUSSELS, CHICAGO, DUBAI, DÜSSELDORF, FRANKFURT, HAMBURG, HONG KONG, HOUSTON, LONDON, LOS ANGELES, MADRID, MILAN, MOSCOW, MUNICH, NEW JERSEY, NEW YORK, ORANGE COUNTY, PARIS, RIYADH*, SAN DIEGO, SAN FRANCISCO, SEOUL, SHANGHAI, SILICON VALLEY, SINGAPORE, TOKYO AND WASHINGTON, D.C. * IN COOPERATION WITH THE LAW OFFICE OF SALMAN M. AL-SUDAIRI. The Alliance aims to have a Europe-North America-Asia cycle of annual conferences. By continuing to use this website, you consent to Columbia University's usage of cookies and similar technologies, in accordance with the, Five-Pillar Framework for Sustainable International Investment, Columbia Center on Sustainable Investment, Coordinating Multi-Stakeholder and Expert Dialogue, Columbia University Website Cookie Notice, Sustainable finance – the roles and impacts of different financial services actors and institutions, Data and novel methods for understanding and measuring sustainability in finance and investment, The role and effectiveness of ESG ratings and assessment, Social and human rights dimensions of sustainable finance, Sustainable investment in and by emerging market actors, The role of the state (e.g., central banks, development banks, and regulators) in advancing sustainable finance, Agenda 2030 and the role of accounting systems. The GGKP Project Database allows you to browse on-the-ground initiatives to promote green growth, being led by our partners and other leading organisations. Use the GGKP data visualization tool to explore historical data trends across countries and indicators. The report highlights that while the recommendations are global in scope, the varying “development stages and needs of all countries, especially developing countries, should be fully noted and respected”.

It is also increasingly important that academic research helps to guide global cooperation efforts in an effective direction. Last year, António Guterres, the United Nations (UN) Secretary-General, established the GISD Alliance as part of the UN’s Strategy for Financing the 2030 Agenda for Sustainable Development.

This post was prepared with the assistance of Emilie Cornelis in the London office of Latham & Watkins. Latham & Watkins works in cooperation with the Law Office of Salman M. Al-Sudairi in the Kingdom of Saudi Arabia. Additionally, the report identifies that insufficient data and poor data usability is hindering the growth of sustainable finance, and states that the data and methodologies employed by ESG scoring firms should be more transparent. The rise of sustainable investing is a global phenomenon, and reaches a myriad of industries. The Global Research Alliance for Sustainable Finance and Investment was founded in 2017 to promote multi-disciplinary academic research on sustainable finance and investment. The Alliance organizes a major annual academic conference on sustainable finance and investment. The Global Research Alliance for Sustainable Finance and Investment (the ‘Alliance’) was founded in 2017 to promote multi-disciplinary academic research on sustainable finance and investment. Doing so would drive coherence in reporting and disclosure of material, long-term sustainability issues, as well as impact how reporting companies are contributing to the SDGs. This research must come from a diverse range of approaches and fields in order to constructively address what are extremely complicated and multi-disciplinary problems in the sustainability and finance fields. Papers were presented over multiple conference sessions, organized around the themes of the submissions. Needless to say, this is not a substitute for legal advice or reading the rules and regulations we have summarized. If Europe’s trajectory is any indication, sustainable investing will soon become second nature in other parts of the world too. Reporting requirements should include sector-specific components as well as sector-independent factors consistent for all firms.

Small and medium-sized enterprises could be subject to a “disclose-or-explain” standard.

Alliance Members Global Sustainable Investment Review 2018 The Global Sustainable Investment Review 2018, the fourth edition of this biennial report, continues to be the only report collating results from the market studies of regional sustainable investment forums from Europe, the United States, Japan, Canada, and Australia and New Zealand. The Paris Climate Change Agreement and the 2030 Agenda aim to set policymakers, the private sector, and civil society on a common path to advance global environmental sustainability and human wellbeing. Portions of this blog may constitute attorney advertising. While the GISD’s recommendations span several topics, the alignment of ESG disclosure and reporting requirements emerge as a key theme.

The Batumi Initiative on Green Economy (BIG-E) is a set of voluntary commitments by more than 30 European countries and organisations. Endorsing the efforts of the Basel Committee’s high-level Task Force on Climate-related Financial Risks to develop a framework for ESG risk supervision applicable to global financial institutions. These disclosure requirements should be globally harmonized, and extend beyond climate metrics to include material SDG-related information and forward-looking data. The Alliance organizes a major annual academic conference on sustainable finance and investment. Date: September 8-11, 2020 They echo the Secretary-General’s call that “everything we do during and after this crisis must be with a strong focus on building more equal, inclusive and sustainable economies and societies that are more resilient in the face of pandemics, climate change, and the many other global challenges we face”. On 5 August 2020, Global Investors for Sustainable Development (GISD) Alliance released to the European Commission their July 2020 report, titled Renewed, Recharged and Reinforced: Urgent actions to harmonize and scale sustainable finance. The report provides recommendations and strategic considerations to enable leaders from public and private sectors to “harmonize objectives, coordinate global standards and align efforts to facilitate, promote and scale up investment towards the [United Nations Sustainable Development Goals (SDGs)]”. The report notes that the global harmonisation of ESG disclosure requirements is both “essential to promote sustainable investment” as well as maintain market liquidity. The content on this site does not necessarily represent the views of the individual partners. This website uses cookies as well as similar tools and technologies to understand visitors' experiences. Each working group is made up of individual experts from the GGKP partner organizations, the GGKP Advisory Committee, and outside experts. The recommendations reflect a wider movement within the ESG space towards greater harmonisation. Green Growth Expert Connect provides policymakers direct access to world-leading technical and policy experts for quick and tailored guidance on a range of green growth topics.

Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in France, Italy, Singapore, and the United Kingdom and as an affiliated partnership conducting the practices in Hong Kong and Japan. GRASFI The Global Research Alliance for Sustainable Finance and Investment (the ‘Alliance’) was founded in 2017 to promote multi-disciplinary academic research on sustainable finance and investment. On 5 August 2020, Global Investors for Sustainable Development (GISD) Alliance released to the European Commission their July 2020 report, titled Renewed, Recharged and Reinforced: Urgent actions to harmonize and scale sustainable finance. No Industry is Untouched. The new Basel Task Force work should be aligned and coordinated with the ongoing work of the Network of Central Banks and Supervisors for Greening the Financial System, with a view to ultimately conforming their efforts.

Other global collaborations have also recently started initiatives to help standardise ESG disclosures, for instance the Partnership for Carbon Accounting Financials’ recent proposal for a Global Carbon Accounting Standard (see this post for more details).

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Do not include confidential information in comments or other feedback or messages left on the Global Privacy & Security Compliance Law Blog Blog, as these are neither confidential nor secure methods of communicating with attorneys. This event was also held online. Any testimonial or endorsement on this profile does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.

Themes include: The Conference was accompanied by a PhD workshop, held on Friday, September 11th, where pre-selected PhD students had the opportunity to present their papers. The co-chairs expressly state “this report calls on all actors of the investment chain to live up to their historic responsibility to deliver a sustainable recovery”. The GISD is composed of 30 private sector CEOs, chosen for their ability to provide leadership in mobilizing resources for sustainable development. In any particular case, you should consult with lawyers at the firm with the most experience on the topic. The Global Sustainable Investment Review 2018 summarizes the status of sustainable and responsible investing in Europe, the United States, Canada, Japan, and Australia and New Zealand.

The Alliance consists of global research universities, each with expertise in this emerging field. Encouraging the G20 to call on the International Accounting Standards Board and the Financial Accounting Standards Board to integrate material sustainability disclosures into their respective accounting standards in an internationally consistent manner.

GGKP organizes its research programme around expert working groups. In this context, actors and institutions in our financial system have a crucial role to play in catalyzing and supporting relevant solutions, and in ensuring that they do not undermine necessary social, environmental, and economic progress. The Human Capital Index 2020 Update: Human capital in the time of COVID-19. Your use of this blog site alone creates no attorney client relationship between you and Latham & Watkins LLP. The Global Investors for Sustainable Development Alliance was launched a year ago by the Secretary-General. While mandatory action on the former is urgent and necessary, a non-regulatory approach for the latter might suffice in the short-term.

... GISD Alliance Strategy Group meets in Johannesburg to deliver solutions to investment in sustainable development. More details about GRASFI can be found on the GRASFI 2020 website.

Faculty and senior researchers from Alliance Universities provided feedback, as well as advice on research, publications, and careers.

Browse latest information on individual courses, academic programmes and webinars on various green growth topics. Here is a summary of just a few ESG efforts of some of the world’s most sustainable corporations: The 3rd Annual Conference was hosted online by the Columbia Center on Sustainable Investment (CCSI), a joint center of Columbia Law School and the Earth Institute at Columbia University in New York.

Requiring mandatory sustainability reporting for financial and non-financial institutions, including disclosures recommended by the Task Force on Climate-related Financial Disclosure.

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