IEMA provides input on draft ISO sustainable finance standard

23rd September 2021


Web p9 IEMA provides input on draft ISO sustainable finance standard i Stock 669512140

Related Topics

Related tags

  • Finance ,
  • Policy

Author

IEMA

In February 2019, the International Organization for Standardization (ISO) Technical Committee (TC) 322 on Sustainable Finance was formed.

ISO 32210 Framework for sustainable finance aims to encourage innovative sustainable financial products and initiatives while providing guidance on sustainability principles, practices and terminology. Through its liaison status to TC322, IEMA continues to engage in the review of this standard. To help inform IEMA comments on its second committee draft, IEMA policy and engagement lead Marc Jourdan led a workshop in June with senior members of the IEMA Global Environmental and Social Assessment Group, the IEMA Fellows Working Group on Sustainable Finance, and other members with relevant expertise.

Member insights on the latest draft included the need for wider definitions of ‘sustainability’, along with the need to go beyond environmental considerations and include definitions of social issues such as modern slavery. IEMA also highlighted that the principles laid out in the standard need to more succinctly identify how finance can achieve sustainability goals and objectives.

The draft of the standard will be made available to download at its public consultation phase. In the meantime, IEMA will continue to engage with TC322 during its development. Should members with expertise in this area wish to further engage in the review, please email m.jourdan@iema.net

Image credit | iStock

Transform articles

Europe's largest firms set to miss net-zero targets

Almost one-third of Europe's largest companies have now set net-zero emissions targets, but far less are set to deliver on their ambitions.

7th October 2021

Read more

The Global Reporting Initiative (GRI) has today unveiled the most significant changes to its reporting standards since 2016, setting a new benchmark for corporate sustainability.

5th October 2021

Read more

Seven of the UK's 17 key industry sectors are still increasing their emissions year-on-year, and most will miss their 2050 net-zero targets without significant government action, new research suggests.

23rd September 2021

Read more

The Competition and Markets Authority (CMA) has published a new 'Green Claims Code' to ensure businesses are not misleading consumers about their environmental credentials.

22nd September 2021

Read more

The UK government must develop regulation to stop the financial sector from providing billions of pounds to companies that threaten rainforests worldwide, WWF has said.

10th September 2021

Read more

Half of the world's 40 largest listed oil and gas companies will have to slash their production by at least 50% by the 2030s to align with the goals of the Paris Agreement, new analysis has found.

9th September 2021

Read more

Thames Water has been fined £4m after untreated sewage escaped from sewers below London into a park and a river.

30th July 2021

Read more

In June 2021, the UK’s governing Conservative Party lost a by-election in Chesham and Amersham, a seat it had held for 47 years. The principal reasons reported as the cause of this defeat were proposed planning reforms and the promotion of housebuilding on greenfield sites across the south of England.

30th July 2021

Read more

Half of consumers worldwide now consider the sustainability of food and drink itself, not just its packaging, when buying, a survey of 14,000 shoppers across 18 countries has discovered. This suggests that their understanding of sustainability is evolving to include wellbeing and nutrition, with sustainable packaging now considered standard.

30th July 2021

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert