Green Bond Funds: Impact Reporting Practices 2020

As many green bond issuers are increasing the use of quantitative and qualitative performance indicators to report their environmental impact, there’s increasing demand to understand the connection between sustainability, financial risk and opportunity. Mark Carney, UN Special Envoy for Climate Action and Finance, encourages “governments, regulators, the official accounting community and voluntary standard setters to work with the World Economic Forum’s (WEF) International Business Council toward creating a globally accepted system of system of sustainability reporting based on the project’s ground-breaking work.” The WEF project aims to brings comparability, consistency and converge among standards, including: Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Task Force of Climate-Related Disclosures (TFCD), International Organization for Standardization (ISO), Natural Protocol, Value Balancing Alliance, Science Based Targets Initiative and the World Business Council for Sustainable Development.