The World Bank Group (WBG) Global Knowledge and Research Hub Malaysia and the World Wildlife Fund will host a joint forum on Sustainable Finance on Tuesday, October 2, 2018 at Sasana Kijang, Kuala Lumpur. Sustainable finance is key to realize the implementation of the 17 Sustainable Development Goals (SDG). It also enables countries to achieve their nationally determined contributions (NDCs) targets under the Paris Climate Agreement. According to the United Nations Conference on Trade and Development (UNCTAD), achieving the Sustainable Development Goals (SDGs) will take between US$5 to $7 trillion, with an investment gap in developing countries of about $2.5 trillion.
The Sustainable Finance Forum will gather market actors, including financial regulators, banks, institutional investors, policy makers and practitioners from various jurisdictions. They will share their experiences incorporating Environmental, Social and Governance (ESG) guidelines into their investment and business processes and their approaches to responsible and sustainable investments.
The aim of this discussion is to identify best-practices as well as relevant policy options for enhanced and expanded incorporation of sustainability and responsible investment criteria within the financial and banking sector.
Similarly, the event will provide opportunities for participants to learn about the recently published guide for impact reporting on green and sukuk bonds, particularly for sovereign issuers. This will allow participants to learn how the World Bank assists sovereign issuers to overcome and manage the challenges for reporting on impact and performance of green sukuk and bonds.