Sustainable Finance is a crucial tool to reorient capital flows and investment towards achieving global goals. Green Building Councils have been at the forefront of sustainable finance for many years, for example through the green building certifications that many GBCs operate, which have become a de-facto gold standard for many sustainable investments. At WorldGBC we are amplifying and building on this great work. Sustainable finance is a cross-cutting theme that touches on all our work programmes and projects, but we also have a number of focussed work areas on this topic.
WorldGBC is working with Green Building Councils (GBCs) and other organisations to ensure that sustainable finance efforts support the total decarbonisation of the built environment. We are working to ensure that tools and green taxonomies on the market and under development can help unlock the power of the financial sector to help make sustainable buildings available for everyone everywhere.
WorldGBC is one of 50 members appointed to be part of the EU’s Platform on Sustainable Finance. This group makes recommendations to the Commission on how to define and implement the EU Taxonomy. The Taxonomy is a common set of criteria for sustainable economic activities.
Taxonomies are now under development in other regions and countries. They can play an important role in scaling up sustainable finance and, in turn, in supporting the achievement of high-level goals such as the Paris Agreement and the UN sustainable development goals. Through our leading role in the EU Taxonomy, WorldGBC aims to support national GBCs to engage in and help lead the development of internationally aligned built environment criteria for sustainable investing.
A visual representation of the contents of the EU Taxonomy can now be found at the EU Taxonomy Compass.