WWF Annual Review 2021 - 39

DRIVING REGULATORY BEST PRACTICE
Central banks and financial regulators have a
critical role to play in channelling financial flows
away from environmentally damaging activities
and towards a sustainable, net-zero economy
- and many are starting to take action. To
support this, we launched a new framework for
Sustainable Financial Regulations and Central
Bank Activities (SUSREG). SUSREG provides
practical guidance for these institutions to
integrate climate, environmental and social
considerations into their work. This will help to
strengthen the resilience of the financial sector,
which is increasingly exposed to climate- and
nature-related risks, and to mobilize capital for
a green transition. Developed as part of WWF's
Greening Financial Regulation Initiative, the
SUSREG framework will be used to assess how
climate-related, environmental and social issues
are being integrated in financial regulations
in 38 countries. We will publish annual
independent assessments on our SUSREG
Tracker platform, which will also highlight
good practices and areas where additional
efforts are needed.
NET-ZERO COMMITMENTS
A growing number of financial institutions are
making commitments to net-zero emissions,
either individually or as coalitions. To
support this, we've produced groundbreaking
new guidance and criteria to ensure these
commitments and the pathways to achieve them
are credible and backed by science-based action.
GREEN BOND STANDARD
Several major bond issuers, including
the European Investment Bank and the
governments of Italy and Luxembourg, have
adopted the European Green Bond Standard,
which WWF helped to develop. Green bonds
are a key financial mechanism to raise funds
for projects that benefit the environment.
GLOBAL TASKFORCE LAUNCH
The WWF-backed Taskforce on Nature-related
Financial Disclosures was officially launched
in June. The global initiative, involving leading
corporations, financial institutions and
governments, will develop a framework to help
companies and financial institutions
report and act on evolving
nature-related risks.
39
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WWF Annual Review 2021

Table of Contents for the Digital Edition of WWF Annual Review 2021