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    EC Announces Expansion of Membership of Sustainable Finance Platform

    March 24, 2020

    EC announced that Indonesia and Norway have joined the International Platform on Sustainable Finance (IPSF), which was created in October 2019 as part of the international efforts to meet the Paris Agreement targets. Other IPSF members include EU and the relevant authorities from Argentina, Canada, Chile, China, India, Kenya, Morocco, and Switzerland. IPSF acts as a forum for facilitating exchanges and, where relevant, coordinating efforts on initiatives and approaches to environmentally sustainable finance. It will focus on initiatives such as taxonomies, standards and labels, and disclosures, which are fundamental for investors to identify and seize green investment opportunities worldwide.

    IPSF is supported by the European Bank for Reconstruction and Development, the European Investment Bank, the Coalition of Finance Ministers for Climate Action, IOSCO, the Network for Greening the Financial System, the Organization for Economic Co-operation and Development, and the United Nations Environment Program-Finance Initiative in their role of observers. IPSF is open to public authorities that are taking action and are willing to promote international cooperation in this area.

     

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    Keywords: International, Europe, Asia Pacific, EU, Norway, Indonesia, Banking, Insurance, Securities, IPSF, Sustainable Finance, ESG, Climate Change Risk, EC

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