BSI launches global standard to address 'dysfunctional' sustainable finance sector

BS ISO 32210: Sustainable Finance

The British Standards Institute has today (28 February) launched 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 Sustainable Development Goals 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 stated: "A poorly designed market framework will seriously drag on the economy and create opportunities for criminal activity… Meanwhile a well-designed framework can offer imm...