Zurich: Major multilateral organizations will launch a new initiative next week aimed at developing a system of standards for companies, investors and financial institutions to measure their impact on a global scale. Stability,
The new Impact Management Platform has been set up by four United Nations agencies, organizations including the Organization for Economic Co-operation and Development.OECD) And this world Bank,
Regulatory and multilateral agencies are looking for ways to replace a patchwork of voluntary social and environmental disclosure rules aimed at tackling “greenwashing” by organizations eager to present themselves ethically.
IOSCO, the global umbrella body for securities regulators, has helped establish the International Sustainability Standards Board (ISSB), which was unveiled United NationsEarlier this month the COP26 global climate summit in Scotland.
The founders of the Impact Management Platform stated that they aim to go beyond a risk and return model, in which organizations determine and disclose information that could affect near-term financial performance, and take a broader view of How their activities affect society and the planet.
“Increasingly, investors and other actors in the financial system and corporates are expected to be able to have a better understanding of the impact they have on their customers and through their financing.” Eric UsherThe head of the United Nations Environment Program’s finance initiative told Reuters.
“This includes looking at the whole process of improving impacts, (not just) disclosure,” romina borinicDirector of the OECD’s Center on Well-Being, Inclusion, Sustainability and Equal Opportunity.
The new Impact Management Platform has been set up by four United Nations agencies, organizations including the Organization for Economic Co-operation and Development.OECD) And this world Bank,
Regulatory and multilateral agencies are looking for ways to replace a patchwork of voluntary social and environmental disclosure rules aimed at tackling “greenwashing” by organizations eager to present themselves ethically.
IOSCO, the global umbrella body for securities regulators, has helped establish the International Sustainability Standards Board (ISSB), which was unveiled United NationsEarlier this month the COP26 global climate summit in Scotland.
The founders of the Impact Management Platform stated that they aim to go beyond a risk and return model, in which organizations determine and disclose information that could affect near-term financial performance, and take a broader view of How their activities affect society and the planet.
“Increasingly, investors and other actors in the financial system and corporates are expected to be able to have a better understanding of the impact they have on their customers and through their financing.” Eric UsherThe head of the United Nations Environment Program’s finance initiative told Reuters.
“This includes looking at the whole process of improving impacts, (not just) disclosure,” romina borinicDirector of the OECD’s Center on Well-Being, Inclusion, Sustainability and Equal Opportunity.
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