8th OECD Forum on Green Finance and Investment

Strengthening ESG practices and climate transition in financial markets

Oct 12, 2021 | 11:15 AM - 12:15 PM


Amid public sector initiatives to achieve the Paris Climate Agreement, there has been growing recognition that financial markets will play a critical role in supporting an orderly transition to low-carbon economies, and a sharp growth in investors’ use of ESG and climate-aligned approaches. Despite important progress, there remain challenges that hinder the efficacy of such approaches, including the promulgation of frameworks, data inconsistencies, lack of comparability of ESG criteria and rating methodologies, as well as inadequate clarity over how ESG integration affects asset allocation. This session will explore current market practices, progress and challenges with ESG investing and products to align capital flows with a low-carbon transition, and will discuss policy considerations to further strengthen the integration of climate transition risks and opportunities into market frameworks in a way that contributes to market efficiency.

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