The Expert Panel on Sustainable Finance published its Third Report in June 2023, which provides an overview of the progress and challenges in sustainable finance initiatives.
The report covers various aspects of sustainable finance, including enhancing corporate disclosure, capital market functions, the role of financial institutions, overarching issues, and human resource development.
In terms of enhancing corporate disclosure, the report emphasizes the importance of promoting the aggregation and provision of ESG data. It also calls for the endorsement of a Code of Conduct and the publication of a guide for financial institutions aiming towards decarbonization.
The report highlights the development of data infrastructure as a crucial aspect of capital market functions. It emphasizes the need for specialized climate change-related data and the utilization of platforms for ESG data. Additionally, the report discusses opportunities for retail investors and the importance of carbon credit markets.
Regarding the role of financial institutions, the report emphasizes the need for risk management, including scenario analysis, to address climate-related financial risks. It also discusses initiatives by financial institutions towards decarbonization, such as engagement towards net-zero and international communication.
The report addresses overarching issues in sustainable finance, including the promotion of impact investment, climate change responses in the region, and discussions on natural capital and biodiversity. It also emphasizes the importance of human resource development in the field of sustainable finance.
FATF assesses technical Compliance Systems
Fondsmarktstärkungsgesetz
