The first action in the G-20 Sustainable Finance Roadmap proposes six high-level principles for the development and global coordination of approaches to align investments with sustainability goals. “Alignment...
Biodiversity and ecosystem services, or nature for short, underpin many aspects of economic activity and are deteriorating at an unprecedented level, with potentially far-reaching implications for economies...
This paper forms part of a series of publications under the Global Program on Sustainability (GPS). The series is a knowledge product of GPS Pillar 3 with the objective to promote the use of high-quality...
Capital market activity in Costa Rica is dominated by the primary issuance of public debt, with corporate debt and equity markets being underdeveloped, despite the enabling conditions for these markets...
Green financial sector initiatives, including financial policies, regulations, and instruments, could play an important role in the low-carbon transition by supporting countries in the implementation of...
The purpose of this report is to raise awareness and initiate a discussion on the need for sovereign sustainability reporting. The proposed sovereign climate and nature reporting framework would assist...
The increasing role of the financial sector in the move toward a more sustainable economic model continues apace. The Coronavirus (COVID-19) shock shone a light on the need for all society to correct course...
African Pension Supervisors Forum, representing pension supervisory authorities from across the African region, invited the team to review the approach to incorporation of ESG factors into decision making...
COP26 represented a turning point in the recognition by financial market participants that the changes associated with the increased temperatures caused by carbon emissions will impact businesses, ecosystems...
Governments globally are looking for innovative financial instruments to address the triple crisis of unprecedent debt levels, climate change, and nature loss. Many developing countries lack the fiscal...
The framework presented in the report is intended to bridge the gap between what sovereign investors will view as appropriately ambitious actions and what issuing countries see as achievable targets. The...
The pension system in Chile is known for the 1980 establishment of a defined contribution, individual account system managed by private pension funds (AFPs). In 2008 a major reform of the system took place...
A forestry investment can include land suitable for growing trees, the trees themselves, or both. Forestry has long provided opportunities for institutional investors but the scope for this investment...
Higher insurance penetration and smaller infrastructure investment gaps has been correlated even after accounting for gross domestic product (GDP) levels, which indicates the insurance industry may have...
Insurance can play a significant role in helping countries achieve the UN SDGs in terms of economic growth, social inclusion, and environmental protection. This can be achieved through the risk transfer...
The World Bank works with government policy makers, regulators, central banks, and supervisors in implementing reforms to build a sustainable financial system. Such reforms must align the financial system...
This report identifies ways to overcome key barriers to private sector investment in adaptation and resilience, laying out a coordinated and data-driven Blueprint for Action to help governments and their...
Pension funds in some economies are used as a captive audience to channel capital at below market rates to government. This policy is only one tool in the financial repression toolkit, but it is receiving...
The Financial Services Conduct Authority (FSCA) is responsible for the oversight of the sector, with the legal and regulatory framework and supervisory approach requiring updating for the authority to...
This policy note examines the regulation of Deposit Administration (DA) products - pension products offered by insurance companies through insurance contracts issued to occupational pension schemes of...