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New fields of human activity need clear classification to enable participants to operate with clarity and efficiency. In science, a taxonomy deals with the description, identification, naming, and classification of different activities. The rapid growth of green and sustainable finance is now generating the development of taxonomies to underpin future expansion.

Across the world, banks, investors, insurers and stock exchanges are seeking to align their capital allocation decisions, product development, service provision and institutional strategies with new risks and opportunities associated with the transition to sustainable development. Financial centres are at the heart of this shift as they are the places where the demand and supply of capital of sustainable finance comes together. To harness the power of place that comes together in the world’s leading hubs, the network of Financial Centres for Sustainability was launched in September 2017. One of the priority issues facing the members of the network is the core question of definition and taxonomy.

This report seeks to assess the opportunity for Toronto to develop a leading global hub for sustainable finance. Through our research and extensive interviews with executives from the financial sector, government, business leaders and academia, we sought to provide a practical assessment of the ambition and ability to develop a hub of excellence in the area of sustainable finance in Toronto and Canada more broadly. No doubt, there was consensus among stakeholders that there is a need for increased analysis and collaboration on this important and growing opportunity.

This is the first time Swiss Sustainable Finance (SSF) provides its own comprehensive market overview of sustainable investments in Switzerland. The goal of this study is to highlight the growing importance of sustainability within the Swiss financial community and to shed more light on the background and drivers for this development.

Institutional investors in Switzerland are showing a growing interest in sustainable investments. This goes hand in hand with a growing need for information, both among pension funds and foundations, as well as among experts from insurance companies and other institutional investors. Swiss Sustainable Finance has therefore prepared a handbook on sustainable investments for Swiss institutional asset owners.

With the target audience being pension funds, foundations, insurance companies, family offices and other institutional asset owners, the publication contains a comprehensive overview of the various available sustainable investment strategies. In addition, it contains concrete tips helpful in implementing a sustainable investment policy. It will serve to deepen the discussions with asset owners about different forms of sustainable investment strategies as well as their risks and opportunities.

The handbook contains relevant information for institutional asset owners and consists of 21 chapters, 8 case studies, a glossary, and over 30 visuals.

Mobilizing the world’s financial centres is essential to make progress on climate change and sustainable development. The momentum towards a sustainable financial system is clear and yet insufficient to deliver the Paris Agreement and the Sustainable Development Goals (SDGs).

The world’s financial centres now have a historic opportunity to help close this gap by accelerating the expansion of green and sustainable finance. They are the places where green and sustainable financial services will need to be scaled up across banking, capital markets, fintech, insurance and investment.
This report presents the case for strategic action by financial centres and introduces the new International Network of Financial Centres for Sustainability that was launched in Casablanca in September 2017.
By joining forces, the world’s leading financial centres can make a real difference – making the transition to sustainable finance cheaper, smoother and faster.

The G7 Environment Ministers and high representatives, and European Commissioners responsible for environment and climate, met in Bologna on 11-12 June 2017, and were joined by heads and senior officials of International Organizations and by representatives of universities and firms.

This report has been prepared as part of Italy’s G7 Environment programme to explore how financial centres can contribute to the delivery of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement. It takes stock of the sustainability agenda that is emerging for financial centres, reviews current practice across leading centres in G7 countries and suggests priorities for further action. This report focuses on green and sustainable finance – in other words finance that delivers environmental benefits within the context of the wider transition to sustainable development.

The report finds that G7 and other countries could encourage their financial centres to develop strategies that scale up green and sustainable finance – including through international cooperation that would create “a race to the top”.