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G-7 Coordination Seen as ‘Missing Piece’ for Sustainable Finance

RWE AG Windfarm And Lignite Mining Ahead of Earnings
Photographer: Alex Kraus/Bloomberg

The booming sustainable finance industry needs global standards and upcoming gatherings of world leaders provide the ideal forum for designing them, according to the world’s biggest industry body for sustainable investing.

The Principles for Responsible Investment, which is backed by the United Nations and has more than 3,500 member firms that together manage over $100 trillion of assets, said while many individual countries have developed their own policies, intergovernmental dialog remains “a missing piece of the jigsaw.”