IFC - International Finance Corporation’s Post

With financing needs for the #SDGs at their most acute, what can we do to meet these challenges? Innovative financing & collaboration between developed & emerging economies could be a game changer. Learn more in the latest SDG Blog: https://lnkd.in/ee5xg66A

📊 **Comprehensive Benchmarking of #SustainableFinance Trends** 🌍 This report benchmarks sustainable finance trends and initiatives across 66 member countries, highlighting key #achievements, innovations, and #opportunities in #EmergingMarkets and Developing Economies (EMDEs). Aligned with the SBFN Measurement Framework, it covers three pillars of sustainable finance: 1. Environmental, Social, and Governance #ESG Integration 2. Climate & Nature-Related #RiskManagement 3. Financing Sustainability This new, concise format complements the innovative SBFN #Data Portal, a dynamic tool for tracking sustainable finance initiatives among SBFN member countries. By providing detailed insights into members’ actions, this #innovative platform enables regular and consistent progress monitoring, facilitating multidimensional benchmarking across countries, regions, and indicators. The Data Portal fosters peer-to-peer #learning, #knowledge sharing, and experience exchange among SBFN members and beyond. #SustainableFinance #EMDEs #ClimateAction #ESG #DataPortal #Innovation #GlobalFinance #Benchmarking #KnowledgeSharing More Contents: Woongsik Dr. Su, MBA

#reposting #sustainablefinance #SBFNToolkit This post is a nice summary; and about this useful toolkit for anyone who is into the Sustainabile Finance. For ESG practitioners also this is an effective toolkit.

A great pleasure present today at #EMW2023 in Luxembourg on CGAP's priorities and early findings on #climatechange and #financialinclusion. CGAP believes that financial inclusion has a unique and underappreciated role to play in the climate agenda, not least on #climateadaptation. Building resilience to climate risk, adapting to changing conditions, and participating in a #justtransition are all essentially impossible without access to savings, loans, payments, and insurance products.. But #inclusivefinance is not yet fulfilling that role, due to a combination of enduring gaps in #financialaccess, notably in climate vulnerable countries; a poor understanding of what people actually need; and challenges in building and scaling commercially viable products to meet those needs. We need a new agenda that spans inclusive finance and climate adaptation, prioritizes action over perfection, and mobilizes the determination and the resources we need to meet this moment and rise to the challenge. Next week, CGAP will publish a new flagship paper with our perspective on what that agenda should look like; stay tuned to cgap.org/climate. Many thanks to Joana Silva Afonso, Natalia Realpe Carrillo, and Davide Forcella, PhD for all their hard and important work on the European Microfinance Platform (e-MFP) Action Group on Green Inclusive and Climate Smart Finance which hosted the conversation. Thanks also to my fellow panelists Noémie Renier, Alessandra Nibbio, Alexandre Nayme, and Susana Gonzalez Moreno.

Besides a vibrant #impactfinance network and implementation agenda, highlights from Building Bridges 2023:   High Level Summit Day 1 Sigrid Kaag on common challenges -> Political sacrifice to lose elections is required. Being mediocre on development action to stay in power is not worth losing humanity. Ngozi Okonjo-Iweala on geoeconomic fragmentation -> The goal posts have changed since multilateral institutions were created to globalise the world, promote peace, and interdependence. "Reglobalisation" to mitigate overdependence on certain sectors and geographies is essential for resilience. Avinash Persaud on public and private partnership to mobilise trillions -> The cost of capital and mispriced risk in EMDEs translates into less fiscal space and is a block for private investments.   Action Days 2 - 4 #ESG and turning attention to the 'S': Data tends to be retrospective and a data need is prospective climate alignment. It's important to distinguish between objective data points i.e. targets, and subjective data points. FI research resources chasing data gaps and the success stories of tomorrow are key to diverting capital away from solely where data already exists. Equally as important is leveraging company access to optimise dedication to sustainability through direct engagement. Beyond essential reported data as required by regulation, there is grounds to opine on the data used to build assessments, so long as there is transparency. A forward-looking challenge is the integration of social KPIs to move beyond climate and commit to human development as an economic imperative through #humancapital metrics.   The evolving impact conversation: #Impactinvesting has been catapulted from the philanthropic fringe to mainstream. #Impactmeasurement is the greatest challenge. #SDGs are one framework and there are differences in framework use and application between developed and #emergingmarkets to be considered at the portfolio level. There are no universally agreed metrics (Principal Adverse Impact Affect indicators of the #SFDR, HIPSO, IRIS+ and IMP cited). Ultimately, impact can only be measured relative to defined thematics of each investor and fund mapped to measurable metrics and frameworks, additionality, and should be reported in line with what motivates investors. Ensuring the thesis is as legally binding and as consistently applied as financial disclosures is crucial. A fascinating academic exercise in partnership with IFC - International Finance Corporation defined criteria to validate impact metrics as meaningful and scalable: measurability, feasibility, intentionality, feasibility, incrementality, and comparability. #buildingbridges2023 #agenda2030 #unsdgs #sustainablefinance #innovativefinance #socialimpact SFG - Sustainable Finance Geneva

The newly launched 𝐒𝐁𝐅𝐍 𝐓𝐨𝐨𝐥𝐤𝐢𝐭 𝐨𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐓𝐚𝐱𝐨𝐧𝐨𝐦𝐢𝐞𝐬 highlights a critical insight: as the adoption of sustainable finance taxonomies grows, significant variations among them are emerging. There may be good reasons for this, such as national priorities, the maturity of local markets, and the need for unique green or social business activities in a particular country or region. However, there are also many common priorities that countries can agree on. Understanding and working on these differences and commonalities is essential to fostering a coherent and effective global approach to sustainable finance. The new toolkit identifies “𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐨𝐟 𝐈𝐧𝐭𝐞𝐫𝐨𝐩𝐞𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲”; an approach that aims to contribute to international dialogue and harmonization efforts. Moreover, a recent World Bank blog titled “Taxonomy Astronomy: The global search to define sustainable finance” reinforces the need for a common path forward.  SBFN will continue to work on interoperability efforts and further support its members in their sustainable finance taxonomy journey. ➡️SBFN Sustainable Finance Taxonomy Toolkit: https://lnkd.in/eFuq8Mng ➡️World Bank blog: https://lnkd.in/eKPNtA8Z                                                                              #SustainableFinance #ESG #Taxonomies #SBFN IFC - International Finance Corporation The World Bank

Long-term solutions to global challenges require investment in sustainable, inclusive economies. We are identifying learning opportunities and impact towards this. 💡 British International Investment (BII) aims to help communities build better lives by investing flexible capital for private sector growth and innovation. Our recent evaluation of BII’s Industries, Technology & Services portfolio draws out insights to help BII better understand its impact and identify learning opportunities. 👉 Read the report: https://buff.ly/4cJch5s Looking for a bite-size version? Download our exec summary at the same link. Looking at sectoral impact as well as cross-cutting issues such as gender, climate digitisation, and more, we reviewed: - $5.9 billion of investment - Across 188 commitments - Over 800 direct and underlying investments - Spanning 11 years We are conducting this evaluation in partnership with Oxford Policy Management Authors: Caren Holzman, Zoë Sutherland, Jessica Rust-Smith, Keir Macdonald, Daan Schuttenbelt #EconomicDevelopment #BII #SDG8 #GlobalDev #Evaluation #LearningforDevelopment #ClimateChange #UKAID

As the first company to pilot the Sustainable Development Impact Disclosure (SDID) under the Impact Disclosure Guidance framework, we have the responsibility of ensuring actionable change. I joined Alexandra Barry, Vice President of the J.P. Morgan Development Finance Institution and co-chair of the Impact Disclosure Taskforce in a roundtable discussion at London Climate Action Week. We spoke to investors to understand their views on the Impact Disclosure Guidance. The initiative aims to enhance impact measuring and monitoring, attracting sustainable capital to support emerging markets and developing economies. It requires substantial annual investments, and at DP World, we are committed to being a catalyst for equitable change. We recognise the critical need to accelerate and diversify funding into emerging markets. That is why we are working towards promoting transparency and accountability across all SDGs. This innovative framework allows us to demonstrate our year-on-year development and showcase how our strategies align with national agendas. From optimising supply chain efficiency in India to creating employment opportunities in Somaliland and boosting GDP in Senegal, our efforts are creating tangible, positive impacts. Our journey continues as we finalise frameworks for our operations in Africa and South America, ensuring impactful investments in the Global South. At DP World, we view emerging markets as growth markets. Our adoption of the SDID framework not only measures our impact but also aims also aims to scale up private-sector financing. This journey has just begun, and I look forward to inspiring others to join us in taking impactful actions for a sustainable future. #LCAW2024

💫 𝗘𝗠𝗗𝟮𝟬𝟮𝟯:𝗖𝗔𝗠𝗣𝗔𝗜𝗚𝗡 𝗪𝗥𝗔𝗣-𝗨𝗣 As a week went by since the closing event of the #𝟮𝟬𝟮𝟯𝗘𝗠𝗗 𝗖𝗮𝗺𝗽𝗮𝗶𝗴𝗻 - '𝗔 𝗦𝘁𝗲𝗽 𝗧𝗼𝘄𝗮𝗿𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻', we want to take the chance to thank again the campaign sponsors, European Investment Bank (EIB), European Investment Fund (EIF), EIB Institute, and all the members who participated and promote the campaign. We managed to organized a lot of different initiatives for this year's edition, and this would not have been possible without your help and support! We would also like to 🙏 thank the panelists for the closing workshop on the green transition: Anna Martin (BEUC - The European Consumer Organisation), Paul Gisby (Accountancy Europe), Diarmuid Murphy (European Commission, DG FISMA, Sustainable finance unit), Alexia Femia (European Banking Federation), Gerhard Huemer (SMEunited), Sara Simon (Fundación Youth Business Spain), and Bruno Robino (European Investment Bank (EIB). 🧐The discussion focused around challenges (📊collecting the information from micro and small enterprises, 💶high cost, lack of awareness, lack of skills) and 👉recommendations (simplify the indicators, support the MSEs, mobilize private funds and engage the youth). 💪𝗪𝗲 𝗹𝗲𝗳𝘁 𝘄𝗶𝘁𝗵 𝗮 𝗰𝗹𝗲𝗮𝗿 𝗶𝗻𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝘁𝗼 𝗺𝗼𝘃𝗲 𝗳𝗿𝗼𝗺 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝘁𝗼 𝗮𝗰𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝘀𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻. We will share more about the campaign's results and specific initiatives in the coming weeks! #2023EMD #EuropeanMicrofinanceDay #financialinclusion