Category: Risk management
British Standards Institution leads five-year standardisation programme British Standards Institution leads five-year standardisation programme British Standards Institution leads five-year standardisation programme
Jan 20th, 2020
The UK’s national standards setting body has today launched its first guide on sustainable finance as part of a collaboration with the UK Government and the financial sector.
It is the first guidance out of the British Standards Institution’s (BSI) five-year long Sustainable Finance Standardisation Programme, which aims to “define globally applicable standards for the finance sector”.
Today’s guide does not set any actual British standards on sustainable finance but establishes a “common terminology” and outlines a framework based on five principles to assist finance firms that want to be more sustainable and “better aligned with global initiatives like the United Nations’ Sustainable Development Goals (UN SDGs) and the Paris Agreement”.
It was created with UK’s Department for Business, Energy and Industrial Strategy (BEIS) and supported by the likes of Aviva Investors, Hermes Investment, HSBC Global Services and Lloyds Banking Group.
‘PAS …