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To do so, the Initiative works with members from the banking and insurance industries, [4] technical experts and key stakeholders to convene collective action, facilitate shared learning and co-develop practical resources to equip financial institutions with the knowledge and expertise to make their strategies and operations more sustainable.
The preparatory work started in 2018, when the Commission set up a Technical Expert Group on Sustainable Finance, to assist in developing the EU Taxonomy, with the OECD as an observer. [13] In the case of Taxonomy, the main task of the TEG was to develop technical screening criteria that would be used to determine whether an activity is ...
It was formerly known as the Cambridge Programme for Industry, and then Cambridge Programme for Sustainability Leadership. [citation needed] In 2015 the Institute launched its Rewiring the Economy framework setting out ten collaborative tasks for business, policy and finance leaders to lay the foundations for a sustainable global economy. [1 ...
The Harvard Business School defines sustainable investing as “a range of practices in which investors aim to achieve financial returns while promoting long-term environmental or social value.”
WRI studies sustainable practices for business, economics, finance and governance, with the purpose of better supporting human society in six areas: food, forests, water, energy, cities, and climate. [9] The institute's flagship report series is the World Resources Report, [10] each of which deals with a different topic. [11]
Banks around the world are evaluating the potential impact of climate change and government regulation on their lending practices. Energy-intensive sectors, like coal and oil, tend to suffer most.
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