The British Standards Institute (BSI) will today (28 February) launch an ISO standard to coordinate the sustainability efforts of "disparate" finance organisations.
The "Financial Services Standard" provides a framework to which the sector can align its sustainability efforts and demonstrate progress towards the UN SDGs and Paris Agreement. In a BSI blog post entitled Develop a sustainability roadmap for the financial sector, the standards-setter introduces the new BS ISO 32210 and warns of the consequences of a "dysfunctional" financial system. The BSI states: "a poorly designed market framework will seriously drag on the economy and create opportunities for criminal activity… Meanwhile, a well-designed framework can offer immense possibility." ...
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