Developing sustainable finance and measurement tools in the US
Sustainability considerations are becoming more prominent in the US, with green assets reaching over $51tn and client demand for sustainable investments growing. Yet as demand increases, and sustainable products and assets become mainstream, investors are now dealing with the extraordinary pace of regulatory and risk framework developments.
The US Securities Exchange Commission has created a framework for disclosing environmental, social and governance activities and associated risks. In 2021, the International Financial Reporting Standards established the Sustainability Accounting Standards Board to provide better clarity on international reporting requirements, but questions remain on what this means for financial markets. To tackle this, OMFIF’s Sustainable Policy Institute is convening a high-level roundtable in New York to discuss ESG investment approaches, risk and regulatory frameworks within the US to drive further sustainable product development, asset allocation and better international convergence on ESG standards.
Jeffrey Hales, Member, International Sustainable Standards Board and former Chair of the SASB Standards Board
13:30-15:00 (New York)
This meeting will be conducted under the OMFIF Rules.
This discussion is part of the OMFIF Sustainable Policy Institute. The SPI is a high level community which brings together central banks, sovereign funds, public pension funds, and their counterparts in asset management, banking and professional services to explore policy, regulatory and investment challenges posed by environmental, social and governance themes. See more information on OMFIF’s SPI here.
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The Sustainable Finance Policy Tracker provides a comprehensive overview of different countries’ approaches to mitigating climate risks in the financial sector.
Covering 22 countries and jurisdictions, the tracker presents information on 14 areas that include regulatory and supervisory measures, climate stress testing activity, net zero strategies, green bond issuance and disclosure requirements.