The paper From Fragmentation to Integration: Embedding Social Issues in Sustainable Finance aims to generate momentum within the financial system to tackle inequality and improve a common understanding of the social impacts of a market-based economy. Drawing insights from the climate agenda, it sheds light on how to catalyze action at the policy and regulatory levels through existing sustainable finance initiatives. Based on the collective expertise of several institutions and a global consultation, the paper provides key recommendations for governments, regulators and financial institutions to: support research on the systemic risk of socio-economic inequality for financial stability; adopt and improve social disclosure standards and risk management tools; and rethink the macroeconomic determinants of sustainable finance.
This publication was prepared by United Nations Development Programme in English language. Click here to access its full version.
Source: United Nations Development Programme
Illustration: Onurcan Acar (UNDP)