Shifting Gears: How the world’s leading financial centres are entering a new phase of strategic action on green and sustainable finance is intended to stimulate dialogue on the role of financial centre action as green and sustainable finance develops. The report summarizes the results of FC4S's 2018 pilot of this assessment programme.
The world's financial centres are the locations where supply and demand for green and sustainable finance will be matched. This report presents the first findings from an in-depth assessment of actions in 13 of these hubs, all members of the International Network of Financial Centres for Sustainability (FC4S) across Africa, the Americas, Asia, and Europe. The assessment reveals 10 key insights on how financial centres are mobilizing their expertise, connectivity, and capital to help solve some of the world's toughest financial challenges. These challenges include:
- A new form of public-private partnerships
- Overcoming barriers to growth
- Going beyond climate
- Policy innovation is a key driver
- A diversity of financial instruments
- Sector evolution varies
- Professional services are growing rapidly
- Priorities future action
- Focus on innovation
- Increasing international collaboration
Following high-level summary results, this report profiles the specific activities underway across all 22 FC4S member financial centres. Going forward, the FC4S network will update its assessment methodology to tackle more complex issues and build a data history to measure progress over time.