About Us
The Sustainable Finance Working Group (SFWG) aims to mobilize sustainable finance as a way of ensuring global growth and stability and promoting the transitions towards greener, more resilient and inclusive societies and economies. The Group is tasked to identify institutional and market barriers to sustainable finance and to develop options to overcome such barriers, and contribute to a better alignment of the international financial system to the objectives of the 2030 Agenda and the Paris Agreement.
2021
On April 7th 2021, the G20 Finance Ministers and Central Bank Governors endorsed the reestablishment of the SFSG and upgrade it to become a working group under the title “G20 Sustainable Finance Working Group” (G20 SFWG). The Group was also mandated to developing, in a collaborative manner, an initial evidence-based and climate-focused G20 sustainable finance roadmap, improving sustainability reporting, identifying sustainable investments, and aligning International Financial Institutions’ efforts with the Paris Agreement.
The G20 Sustainable Finance Working Group Terms of References, as agreed in 2021, can be downloaded here.
2021
On April 7th 2021, under Italy’s G20 Presidency, Finance Ministers and Central Bank Governors endorsed the reestablishment of the SFSG and upgrade it to become a working group under the title “G20 Sustainable Finance Working Group” (G20 SFWG). The Group was also mandated to developing, in a collaborative manner, an initial evidence-based and climate-focused G20 sustainable finance roadmap, improving sustainability reporting, identifying sustainable investments, and aligning International Financial Institutions’ efforts with the Paris Agreement.
2018
In 2018, the group’s remit was expanded to consider additional aspects of sustainable development and the group was renamed Sustainable Finance Study Group (SFSG).
2018
In 2018, under the Argentinian Presidency, its remit was expanded to consider additional aspects of sustainable development and the group was renamed Sustainable Finance Study Group (SFSG).
2016
Launched in 2016, the Green Finance Study Group was mandated to identify institutional and market barriers to green finance and options to enhance the mobilisation of private capital for green investment. During 2016-18, the Group facilitated the formation of a global consensus on the need to scale up green finance and focused global attention on a range of key topics for the development of sustainable finance worldwide.
2016
Launched in 2016 during China’s G20 presidency, the Green Finance Study Group was mandated to identify institutional and market barriers to green finance and options to enhance the mobilisation of private capital for green investment. During 2016-18, the Group facilitated the formation of a global consensus on the need to scale up green finance and focused global attention on a range of key topics for the development of sustainable finance worldwide.
UNDP Sustainable Finance Hub
The Italian Presidency invited the United Nations Development Programme (UNDP) to serve as the Secretariat of the SFWG. UNDP as the secretariat carries out the substantive and administrative work to support, coordinate, and collaborate with all members efforts and help bring thought leadership to inform the work of the SFWG as directed by the G20 Presidency.
For more information, please contact the secretariat at: sfwg.secretariat@undp.org
