Activating Alignment
The first action in the G-20 Sustainable Finance Roadmap proposes six high-level principles for the development and global coordination of approaches to align investments with sustainability goals. “Alignment approaches” are national and international frameworks for the financial sector that aim to monitor global sustainable finance flows and ensure that they are contributing to the temperature goals of the Paris Agreement, the Sustainable Development Goals (SDGs), and other international sustainable finance objectives. These approaches increasingly leverage “alignment tools,” which include but are not limited to (a) taxonomies (or classifications) of private sector activities that can be labeled as achieving environmental and social objectives; (b) certifications and labels that confirm that products or services have met environmental, social, and governance (ESG) standards; (c) disclosure frameworks that guide private sector entities to manage and report on their ESG performance; and (d) transition frameworks that help the private sector design a credible shift to low-carbon technologies and practices. The tools can then be applied in different ways—ranging from national-level regulations to voluntary private sector–led initiatives, to corporate-level practices. The tools can be applied by investors and finance providers for different purposes at different levels: at the “asset level” (as in determining whether a project or activity is compatible with a relevant sustainable finance taxonomy or due diligence framework); the “entity level” (as inwhether a corporate or financial institution has a robust low-carbon transition plan and adheres to the International Labour Organization (ILO) Declaration on Fundamental Principles and Rights at Work); or “portfolio level” (as in whether an index is aligned with a credible temperature objective or supports poverty reduction). The G-20 Voluntary Principles for Developing Alignment Approaches provide a common foundation for ensuring these alignment approaches are robust and consistent.
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| Format: | Report biblioteca |
| Language: | English en_US |
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Washington, DC: World Bank
2023-09-26
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| Subjects: | SUSTAINABLE FINANCE, G-20, ALIGNEMENT TOOLS, CLIMATE CHANGE MITIGATION, |
| Online Access: | http://documents.worldbank.org/curated/en/099091323151039750/P1795970f6bf7b013080980f9487b403332 https://openknowledge.worldbank.org/handle/10986/40402 |
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dig-okr-10986404022023-09-29T02:32:19Z Activating Alignment Applying the G-20 Principles for Sustainable Finance Alignment with a Focus on Climate Change Mitigation World Bank Group IMF OECD SUSTAINABLE FINANCE G-20 ALIGNEMENT TOOLS CLIMATE CHANGE MITIGATION The first action in the G-20 Sustainable Finance Roadmap proposes six high-level principles for the development and global coordination of approaches to align investments with sustainability goals. “Alignment approaches” are national and international frameworks for the financial sector that aim to monitor global sustainable finance flows and ensure that they are contributing to the temperature goals of the Paris Agreement, the Sustainable Development Goals (SDGs), and other international sustainable finance objectives. These approaches increasingly leverage “alignment tools,” which include but are not limited to (a) taxonomies (or classifications) of private sector activities that can be labeled as achieving environmental and social objectives; (b) certifications and labels that confirm that products or services have met environmental, social, and governance (ESG) standards; (c) disclosure frameworks that guide private sector entities to manage and report on their ESG performance; and (d) transition frameworks that help the private sector design a credible shift to low-carbon technologies and practices. The tools can then be applied in different ways—ranging from national-level regulations to voluntary private sector–led initiatives, to corporate-level practices. The tools can be applied by investors and finance providers for different purposes at different levels: at the “asset level” (as in determining whether a project or activity is compatible with a relevant sustainable finance taxonomy or due diligence framework); the “entity level” (as inwhether a corporate or financial institution has a robust low-carbon transition plan and adheres to the International Labour Organization (ILO) Declaration on Fundamental Principles and Rights at Work); or “portfolio level” (as in whether an index is aligned with a credible temperature objective or supports poverty reduction). The G-20 Voluntary Principles for Developing Alignment Approaches provide a common foundation for ensuring these alignment approaches are robust and consistent. 2023-09-26T18:13:20Z 2023-09-26T18:13:20Z 2023-09-26 Report http://documents.worldbank.org/curated/en/099091323151039750/P1795970f6bf7b013080980f9487b403332 https://openknowledge.worldbank.org/handle/10986/40402 English en_US CC BY-NC 3.0 IGO World Bank Group, IMF and OECD https://creativecommons.org/licenses/by-nc/3.0/igo application/pdf text/plain Washington, DC: World Bank |
| institution |
Banco Mundial |
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DSpace |
| country |
Estados Unidos |
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US |
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Bibliográfico |
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En linea |
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dig-okr |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
SUSTAINABLE FINANCE G-20 ALIGNEMENT TOOLS CLIMATE CHANGE MITIGATION SUSTAINABLE FINANCE G-20 ALIGNEMENT TOOLS CLIMATE CHANGE MITIGATION |
| spellingShingle |
SUSTAINABLE FINANCE G-20 ALIGNEMENT TOOLS CLIMATE CHANGE MITIGATION SUSTAINABLE FINANCE G-20 ALIGNEMENT TOOLS CLIMATE CHANGE MITIGATION World Bank Group IMF OECD Activating Alignment |
| description |
The first action in the G-20
Sustainable Finance Roadmap proposes six high-level
principles for the development and global coordination of
approaches to align investments with sustainability goals.
“Alignment approaches” are national and international
frameworks for the financial sector that aim to monitor
global sustainable finance flows and ensure that they are
contributing to the temperature goals of the Paris
Agreement, the Sustainable Development Goals (SDGs), and
other international sustainable finance objectives. These
approaches increasingly leverage “alignment tools,” which
include but are not limited to (a) taxonomies (or
classifications) of private sector activities that can be
labeled as achieving environmental and social objectives;
(b) certifications and labels that confirm that products or
services have met environmental, social, and governance
(ESG) standards; (c) disclosure frameworks that guide
private sector entities to manage and report on their ESG
performance; and (d) transition frameworks that help the
private sector design a credible shift to low-carbon
technologies and practices. The tools can then be applied in
different ways—ranging from national-level regulations to
voluntary private sector–led initiatives, to corporate-level
practices. The tools can be applied by investors and finance
providers for different purposes at different levels: at the
“asset level” (as in determining whether a project or
activity is compatible with a relevant sustainable finance
taxonomy or due diligence framework); the “entity level” (as
inwhether a corporate or financial institution has a robust
low-carbon transition plan and adheres to the International
Labour Organization (ILO) Declaration on Fundamental
Principles and Rights at Work); or “portfolio level” (as in
whether an index is aligned with a credible temperature
objective or supports poverty reduction). The G-20 Voluntary
Principles for Developing Alignment Approaches provide a
common foundation for ensuring these alignment approaches
are robust and consistent. |
| format |
Report |
| topic_facet |
SUSTAINABLE FINANCE G-20 ALIGNEMENT TOOLS CLIMATE CHANGE MITIGATION |
| author |
World Bank Group IMF OECD |
| author_facet |
World Bank Group IMF OECD |
| author_sort |
World Bank Group |
| title |
Activating Alignment |
| title_short |
Activating Alignment |
| title_full |
Activating Alignment |
| title_fullStr |
Activating Alignment |
| title_full_unstemmed |
Activating Alignment |
| title_sort |
activating alignment |
| publisher |
Washington, DC: World Bank |
| publishDate |
2023-09-26 |
| url |
http://documents.worldbank.org/curated/en/099091323151039750/P1795970f6bf7b013080980f9487b403332 https://openknowledge.worldbank.org/handle/10986/40402 |
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