We need the financial sector – banks, investors and insurers – to shift capital flows from harmful activities towards ones with a positive impact. To do this, financial institutions need to understand where the risks and opportunities are. So we are proud to be a founding partner of the newly launched Taskforce on Nature-related Financial Disclosures, an initiative that’s working to help companies and financial institutions measure, disclose and manage their nature-related risks and impacts. This is an important milestone for the whole financial sector, and another step towards a shift of capital towards nature-positive activities. We are also pleased to report on progress being made in our work to support the development of the green bonds market, which raises funds for projects with an environmental benefit. The international “gold” standard for the green bond market, the European Green Bond Standard – which WWF helped to develop – is gaining traction. Several major bond issuers, including the European Investment Bank and the governments of Italy and Luxembourg, have already committed to using it, even though it is yet to be finalized in European law.
We are proud to be a founding partner of the newly launched Taskforce on Nature-related Financial Disclosures, an initiative that’s working to help companies and financial institutions measure, disclose and manage their nature-related risks and impacts.
