Sustainable finance professionals across all world regions were watching Finance Day at COP27 closely to see if environmental and social investing would get the boost so desperately needed from global leaders.
There were certainly some developments and signals intended to aid implementation of climate finance solutions – for example, the United Nations’ guide for non-state actors’ net-zero commitments and the International Organization of Securities Commissions (IOSCO) paper on carbon markets.
However, there was disappointment around states’ failure to materialise the climate finance they committed to last year.
Click here for the top takeaways from Finance Day.
ESG Clarity spoke to asset managers across the world to see what the developments in the first week of COP27 mean for them as investors, and for sustainable finance in their regions.
Read the full story in ESG Clarity’s November 2022 digital magazine.