Principles for Responsible Investment has sustainable finance advice for policymakers preparing for several high-profile economic summits this year.
A report issued Thursday, which is to be shared with finance ministers of countries attending the G7 meeting in June and G20 meeting in October, calls on them to embed sustainability within international finance policy.
The United Nations-backed Principles for Responsible Investment has more than 3,500 signatories, including pension funds, insurers, investment managers and service providers globally with a collective $100 trillion in assets.
"At previous G7 and G20 Summits, sustainable finance topics have only been discussed in a separate working group without creating a lasting impact on mainstream financial policy," PRI CEO Fiona Reynolds said in a statement. The report recommends that financial and economic policies be aligned with sustainability goals and outcome statements.
Between the G7 and G20 meetings and the United Nations Climate Change Conference known as COP26 in November, "convening leaders have a unique opportunity to align the agendas of all three events and prioritise actions that adequately factor in ESG goals, such as COVID recovery and climate solutions," Ms. Reynolds said.