7 December 2017
Thursday 7 December 2017
The Global Green Finance Council (GGFC) has today published the first version of its reference guide to global and regional policy initiatives on green finance.
The “Global and European Green Finance Policy Directory” is authored by the GGFC, a group comprised of global and regional financial industry organisations. The GGFC was founded by the Global Financial Market Association (GFMA), the International Capital Market Association (ICMA), the European Banking Federation (EBF), the European Mortgage Federation – European Covered Bond Council (EMF-ECBC), the Institute of International Finance (IIF), the Loan Market Association (LMA) and the World Federation of Exchanges. Other organisations are participating as observers, including CERES, the European Financial Roundtable (EFR) and InsuranceEurope.
The purpose of the Directory is to provide policymakers and global and regional market participants with a simple reference guide to the major initiatives on green finance, sustainability and climate change being implemented by international and regional bodies and industry organisations.
The Directory shows that green finance is:
Allison Parent, Executive Director of GFMA, said: “Sustainable finance is rising up the global agenda and we are seeing increasing numbers of international initiatives that are helping to advance sustainable finance through market, policy and regulatory innovations. This inaugural Directory is a coordinated global industry effort to collate and present in one place most of the major initiatives promoting sustainable finance. It is one of the first initiatives from the GGFC, which aims to act as a global representative counterparty for the official sector on sustainable finance policy matters. GGFC recommends that market stakeholders continue to pull together to further promote a favourable capital markets environment for sustainable finance to prosper.”
Martin Scheck, Chief Executive of ICMA, said: “The Global and European Green Finance Policy Directory is a remarkable central resource outlining the many market-based and governmental initiatives arising in the rapidly developing sustainable finance market. It provides the kind of practical information that will be much appreciated by policy makers and market participants alike as they work to grow the sustainable finance market – and especially to fund further progress on climate change mitigation. The Directory also illustrates the important contributions that the recently created GGFC is making to facilitate the international development of sustainable finance.”
The document includes:
The document is a public online resource and is intended to be regularly updated to reflect legislative and non-legislative developments in the area.
The document is available on the GGFC’s member websites.