Mobilising the private sector to finance the green transition: International Platform on Sustainable Finance marks its first anniversary

In the margins of the World Bank/IMF Annual Meetings today, Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People, and Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), will co-host an event marking the first anniversary of the International Platform on Sustainable Finance (IPSF). To mark the occasion, the IPSF will publish today its first public annual report, which highlights the Platform’s commitment and ongoing efforts to explore common tools to help private finance play its part in securing a greener global future. While green financial markets are growing, more work needs to be done to meet our environmental objectives, especially to facilitate our green recovery following the coronavirus pandemic. To this end, the IPSF has created a working group on taxonomies, co-led by the EU and China, to help enhance transparency for investors and facilitate cross-border green investments. The IPSF is part of international efforts to meet the commitments of the Paris Agreement for a low-carbon economy. Its members are public authorities from Argentina, Canada, Chile, China, India, Indonesia, Kenya, Morocco, New Zealand, Norway, Senegal, Singapore, Switzerland and the European Union. They are supported by the European Bank for Reconstruction and Development, the European Investment Bank, the Coalition of Finance Ministers for Climate Action, the International Organization of Securities Commissions, the Network for Greening the Financial System, the OECD, and the UN Environment Programme – Finance Initiative in their role of observers. You can follow the live web-stream of the event from 16:00-16:45 CET. The IPSF annual report will be available online at 16:00 CET.