How Policymakers Can Implement Reforms for a Sustainable Financial System | Thought Leadership
The PRI and the World Bank’s Financial Stability and Integrity team work to help policymakers and government regulators implement reforms to build a sustainable financial system. These reforms must align capital markets with the objectives of the Paris Agreement on climate change and the Sustainable Development Goals (SDGs).
This toolkit provides a high-level overview of five core sustainable investment policies, listed in Box 1, explaining why each is important, outlining their key features, and showing some examples of such policies in action.
The toolkit draws on the World Bank’s global sustainability agenda, the PRI policy agenda, in particular the recommendations of fiduciary duty in 21st century country roadmaps, and the experience of both organizations in national policy reform. It will be:
- provide the basis for regulatory dialogue, involving the World Bank, PRI and emerging market regulators and policymakers, on the best way forward to align finance with sustainability;
- contribute to the creation of a common language on the design, implementation and monitoring of sustainable financing and investment policies;
- facilitate the adoption and promotion of these policy standards by multilateral organizations such as the OECD, IOSCO and IOPS.
Other publications are planned: