Cliff Prior has announced that he will be standing down from the role of CEO of The Global Steering Group for Impact Investment (GSG) in six months’ time after four years’ service.

Cliff has been involved with GSG since its inception in 2013, leading a working group on mission led business. He was appointed CEO in 2020. During his tenure the GSG network of National Advisory Boards has grown to represent over 40 countries, while the movement towards impact transparency has accelerated. The team has developed from seven to over 20, and with the support of inspiring donors the annual budget has gone from £800k to over £2.5m.

From GSG’s first engagement with the G20 in 2019 the organisation now provides regular and multifaceted advice and expertise to bodies including G7, G20, COP, World Economic Forum, International Foundation for Valuing Impacts, International Sustainability Standards Board and International Public Sector Accounting Standards Board. 

Sir Ronald Cohen, President, The Global Steering Group for Impact Investment (GSG) said:

“Under Cliff’s leadership, the GSG has developed into an authoritative and influential organization that spans the globe. His sense of mission and dedication to impact will, I am sure, guide his future efforts. I wish him continued success and look forward to maintaining our partnership which goes back more than a decade to the G8 Social Impact Investment Taskforce and Big Society Capital.” 

Right Hon. Nick Hurd, Chair, The Global Steering Group for Impact Investment (GSG) said:

Cliff has been an effective and popular CEO for over four years, and the Board is extremely grateful to him for his very important contribution to our story of growth and impact. He has been involved with GSG from the start and we look forward to continued collaboration with him as a true champion of impact. The Board has initiated a process to find a suitable successor who can help us make our unique network ever more influential in mobilising capital for positive impact across the world.

Cliff Prior, CEO, The Global Steering Group for Impact Investment (GSG) said:

It has been an enormous privilege to lead the GSG. After over four years as CEO of this outstanding organisation, and with GSG well positioned for the future, it’s the right time for me to move on. Stepping down from my position as GSG CEO will give me the time, and space, to take up Non-Exec and Advisory roles. It’s been a pleasure to work with an exceptional team, a highly engaged and supportive Chair and Board; and in Sir Ronald Cohen, GSG’s founder, a mentor and friend.

Previous to GSG, Cliff Prior CBE was CEO of Big Society Capital, the UK’s wholesale social impact investor and market developer; CEO of UnLtd the UK foundation for social entrepreneurs and CEO of Rethink for people affected by severe mental ill health. Cliff has also worked in healthcare, elder care, social housing and homelessness. He has participated as a government regulator and adviser across several social issue areas and has co-founded social enterprises.

We are thrilled to announce today a strategic partnership between the Global Steering Group for Impact Investment (GSG) and the Y3i Group (YPO Impact Investing Initiative).

The YPO Y3i Group and GSG have joined forces to advance impact together, united by a common goal of promoting impact investment through education and advocacy. Together, we’ll leverage our collective resources, tools, and knowledge to host learning events and on-the-ground activities globally.

This partnership between GSG and YPO Y3i aims to advance impact investing for the betterment of people and the planet. It opens doors for joint education, research, and advocacy initiatives, granting YPO members access to GSG learning and convening events.

We extend our gratitude to partnership champions Naava Mashiah (YPO North Star Integrated) and Rui Barros (YPO Portugal), who have cultivated this relationship with GSG over recent years.

Cliff Prior, GSG, CEO said, “Through its Impact Investing Initiative, YPO and its members have made a clear commitment to scaling impact. We are delighted to support them in driving real impact through their businesses and capital, for the benefit of people and the planet.”

GSG, active in over 50 countries, works with a growing network of national partners to advance impact investing and develop impact economies. Through its work with governments and regulators it is progressing the transformation of global financial systems, so that every investment decision takes into account impact, as well as risk and return.

About YPO Y3i Group:
The YPO Impact Investing Initiative was launched in 2019 as a partnership across four networks to respond to the growing relevance of impact investing within and beyond YPO. We banded together in a special partnership initially across the Deal, Financial Services, Investing Network and Sustainable Business Network to support more knowledge and practice of impact investing.

About GSG:
The Global Steering Group for Impact Investment (GSG) is an independent global steering group promoting sustainable development and advancing education in impact investment. GSG was established in 2015 as the successor to, and incorporating the work of, the Social Impact Investment Taskforce established under the UK’s presidency of the G8.

As a global organisation, it works across over 50 countries catalysing impact investment and entrepreneurship to benefit people and the planet, raising awareness of impact investing, advancing impact economies, and working with governments on policies and regulations. For more information visit www.gsgii.org

• Partners of the World Economic Forum’s Humanitarian and Resilience Investing Initiative announce over 50 commitments that will boost impact investment and could unlock over $15 billion.
• The initiative also launches new collaborations that will drive purpose-driven investment in frontier markets, and scale action at the intersection of climate and humanitarian impact.
• Initiative partners call on other organizations to join their new impact-linked finance and peace-positive investment initiatives.

The World Economic Forum’s Humanitarian and Resilience Investing (HRI) Initiative announced today that significant progress has been made in the international effort to mobilize $10 billion to enable 1,000 businesses in frontier markets to scale their operations by 2030. Over 40 partners announced more than 50 commitments to boost impact investment in frontier markets that have the potential to unlock over $15 billion in commercial and catalytic capital.

These commitments follow a Call to Action, announced in September 2023, which aims to respond to the systemic challenges faced by 2 billion people globally living in poverty and insecurity and increase the resilience of at-risk and crisis-hit communities.

The HRI Initiative is also launching three new collaborative actions that will build and mature selected frontier markets, scale action at the intersection of climate and humanitarian impact, and cultivate co-investment in purpose-driven businesses in frontier markets. Other key commitments include the launch of new funds and financing mechanisms, updated strategies and roadmaps, programmes to help build enabling market conditions, efforts to drive further market transparency, and initiatives to develop and harmonize new impact measurement methodologies.

“GSG is delighted to join this collective action. It signifies a transformative movement towards sustainable impact investment. By unlocking investments in frontier markets and addressing the intersection of climate change and humanitarian needs, we are setting a new paradigm in impact investment, creating resilient, empowered communities and driving meaningful change where it matters most.” said Cliff Prior, CEO, Global Steering Group for Impact Investing (GSG).

”Sustainable change and measurable impact can only be built through collective and concerted action by key private and public stakeholders. Market driven solutions can strengthen local economies, respond to the systemic challenges faced by communities living in extreme poverty, and reduce aid dependency.” said Peter Maurer, Co-Chair of the HRI Initiative, and GSG Ambassador.

Actions launched by the initiative include:

Building and maturing selecting frontier markets

Spearheaded by the governments of Kenya and the United States as well as major organizations – including the African Development Bank (AFDB), Bamboo Capital Partners, CrossBoundary, IKEA Foundation, ODI and World Bank Group – are coming together to support favourable market conditions to pilot a new approach to help scale a pipeline of businesses in northern Kenya. The HRI Initiative, together with its Call to Action partners, plans to implement this approach in nine additional frontier markets by 2030.

Scaling action at the intersection of climate and humanitarian impact

The HRI Initiative and the Forum’s Giving to Amplify Earth Action (GAEA) are announcing a new multistakeholder partnership to convene private-public-philanthropic partnerships to support and scale projects addressing the impacts of the global climate and nature crisis on vulnerable communities. Supporting organizations include Acumen, Bamboo Capital Partners, International Committee of the Red Cross (ICRC), International Rescue Committee (IRC), Private Infrastructure Development Group (PIDG) and United Nations High Commission for Refugees (UNHCR).

Cultivating co-investment in purpose-driven businesses

The HRI Initiative is partnering with AVCA – The African Private Capital Association, Collaborative for Frontier Finance (CFF), elea Foundation for Ethics in Globalization, Global Impact Investing Network (GIIN), Global Private Capital Association (GPCA), Global Steering Group for Impact Investment (GSG) and KOIS and to launch a new area of work facilitating collaboration along the continuum of impact investments. These organizations together reach over 1,000 capital providers globally investing in impact.

The full list of commitments can be found here.

• The global ESG market grew by 15% in 2022 to $35 trillion with over $1 trillion intentionally invested for positive impact.
• Private finance flows into Emerging Markets and Developing Economies (EMDEs), however, has decreased by 22%.
• Only 10% of all private sector capital mobilised by Development Finance Institutions (DFIs) in 2021 reached low income countries.
• The annual funding gap for achieving the Sustainable Development Goals (SDGs) and climate goals in EMDEs has increased to at least $4 trillion.
• Significant progress towards impact transparency, including the formation of the International Sustainability Standards Board (ISSB), chaired by Impact Taskforce member Emmanuel Faber, and the release of their first two standards. The welcome creation of the Taskforce for Inequality and Social Related Finance Disclosure builds on the momentum of the Task Force on Climate-Related Financial Disclosures (TCFD) and the Taskforce on Nature-related Financial Disclosures (TNFD).
• From insight to action – the Impact Taskforce is working with the Global Steering Group for Impact Investment and partners to develop and support the G7 Impact Investment Initiative in Global Health (Triple I), the Just Transition Finance Challenge and the International Foundation for the Valuation of Impacts.

LONDON, 7 December, 2023. The Impact Taskforce (ITF), the independent, industry-led taskforce supported by the UK G7 Presidency, today releases State of Play 2023. The update assesses the progress made since the Taskforce made its first recommendations in the 2021 flagship report Time to Deliver.

In the update, the ITF argues for greater impact transparency and a transformation in the supply of opportunities to invest for impact. There are a series of practical recommendations on how Development Finance Institutions (DFIs) and Multilateral Development Banks (MDBs) can be empowered to maximise their potential to mobilise private investment for impact in emerging economies. This includes the creation of new regional pools of catalytic capital.

 “The urgency of the situation means that 2024 has to be a pivotal year for change in the way that investment flows. Public investment matters but it will never be enough. We need a concerted effort to make it easier and more compelling for private investors to narrow the unacceptable SDG funding gap. Impact transparency is important and tracking in the right direction, but needs to move faster.  Much more needs to be done to help institutional investors get comfortable with the opportunity to combine  acceptable risk-adjusted return with positive impact in sub-investment grade countries. We set out a change agenda that will help DFIs and MDBs be more effective in their critical near-term role.“ says Right Hon. Nick Hurd, former UK Government Minister and the Chair of the Impact Taskforce (ITF) and The Global Steering Group for Impact Investment (GSG)

Core findings and recommendations include:

• Achieving the SDG and climate goals is increasingly at risk. 2024 has to be a pivotal year in finding more effective ways to mobilise private capital for positive impact. The $4 trillion annual SDG funding gap in emerging economies is a small percentage of the estimated $98 trillion of global institutional capital under management. The G7 and G20 should lead efforts to align public and private stakeholders behind a visible, common framework for private capital mobilisation. As a starting point the Paris Summit Roadmap, the G20 Sustainable Finance Roadmap, and other emerging similar efforts need to be more closely aligned.
• Companies and investors accounting for their impact needs to be a clear destination. There has been significant progress since 2021 on impact transparency, and the creation of the global sustainability reporting baseline. Over 150 sustainability disclosure measures are now in place across 35 countries. There now needs to be a collective effort to maximise the interoperability of standards, improve the balance between climate-related and social impact reporting, and include stakeholders from emerging economies in the standard-setting processes.
• Impact valuation and accounting have advanced rapidly, with the Impact Taskforce supporting the creation of the International Foundation for Valuing Impacts (IFVI). Evidence from the Harvard Business School’s Impact Weighted Accounts Initiative (IWAI) suggests growing adoption of impact accounting across 18 sectors and 22 countries. There needs to be continued support for the development of methodologies that will enable mainstream impact valuation and accounting.
• Private capital is flowing out of, instead of into, emerging economies. It is time for urgent, short-term focus on realising the potential of DFIs and Multilateral Development Banks (MDBs) to mobilise private capital. Shareholders need to clarify DFIs’ and MDBs’ mandates in a transparent way. There is a strong case for reallocating budgets to create new regional pools of catalytic capital, which can help adjust risk profiles for institutional investors, especially in sub-investment grade markets. Also:
  • The publication of the GEMs database, which contains historic data of DFI deals, should be accelerated.
  • Greater priority should be given to national and regional players in emerging economies, such as pension schemes, who have deep local knowledge and for whom foreign exchange is less of a barrier.
  • There needs to be an improved shared understanding of what works in areas such as concessional capital, affordable finance for smaller companies and pipeline development.
  • The current fragmented approach needs coordination to scale what works and discontinue what does not.
• Next Frontier: There is compelling evidence for the value of scaling-up outcome partnerships. These partnerships bring together impact investors and institutions that finance social impact projects. By paying for specific outcomes, not activities, private capital can be mobilised to achieve better social, climate-related, and environmental outcomes. The latest evidence from the UK shows that outcome-based contracting has been successful in delivering over a 10x return on public investment. There is also now an evidence base that the models can be adapted successfully for emerging economies.

“It is clear from our experience in Nigeria and other African markets that more catalytic capital will be critical to start mobilising institutional capital into high impact opportunities. It is a precious resource. We need to be sure that it is deployed in the smartest way.“ says Ibukun Awosika, Chair, Nigeria National Advisory Board for Impact Investing, former Chair, First Bank of Nigeria and Vice-Chair, The Global Steering Group for Impact Investment (GSG)

“A significant barrier to investment in emerging economies is lack of data and reporting standards. Emerging economies must be involved in the data and standard-setting process. The need is urgent, and in 2024 the GSG will spearhead an ambitious initiative to eliminate this barrier.” says Sir Ronald Cohen, Chair, International Foundation for Valuing Impacts and President, The Global Steering Group for Impact Investment (GSG)

Explore the full report

It has been close to a month since the Global Steering Group for Impact Investment (GSG), in partnership with SpainNAB, hosted the GSG Global Impact Summit 2023 on 2-3 October 2023 in Málaga, Spain.

We brought together 1000+ practitioners and leaders from the worlds of finance, business, policy-making, and civil society from around the globe. It was our first in-person event in three years following the COVID-19 pandemic, and it was wonderful to welcome around 500 people—all delighted to be back and itching to work together in real-time again—with handshakes and hugs.

Before the main event, SpainNAB held their roadshow—Camino al Impacto—across four cities, bringing impact to the entire host country. Spain alone represented over 300 participants at the GSG Summit, from social entrepreneurs to high-level luminaries, leading investors, and philanthropists.

Centered around three core themes, our Summit celebrated achievements and identified strategies and actions designed to deliver positive impact at scale in the future. Here are my reflections on the Summit’s most impactful moments:

Using the tools of impact to achieve global impact transparency

We are clearly moving into a new era of global impact transparency, as former Commissioner of the U.S.  Securities and Exchange Commission, Allison Herren Lee, and International Sustainability Standards Board Chair, Emmanuel Faber, shared with us during their insightful keynotes.

Our President, Sir Ronald Cohen’s, online discussions with the Rt Hon Gordon Brown and leading economist Martin Wolf set out powerful arguments for addressing rising inequality and climate change through the tools of impact.

Participants intently followed issues such as demystifying impact valuation, building audit protocols, and assuring impact performance. Our numerous, bustling breakout sessions, led by experts including Jo Fackler, Mick McCreless, and Chul Woo Moon, demonstrated the hunger for clarity, consistency, and implementation of impact across our community.

Mobilising capital for people and planet

Mobilising impact capital worldwide was a priority for all attendees. Discussions touched on every aspect, from nature and bio to place-based investing, impact for global health to sustainable cities. Our panels pushed the frontiers of impact through blended and catalytic finance, entrepreneurship, innovation, and artificial intelligence (AI).

The Rt Hon Nick Hurd, the GSG’s new Chair, set out a clear call to action on what we can all do together to mobilise more impact capital to where it is most needed. Global leaders in impact, including Ibukun Awosika, our new Vice-Chair, and Margot Brandenburg, from the Ford Foundation’s Mission Investments team, spoke about the need to continue to advance sustainable development and impact investing—both at the global and local levels, demonstrating impact for local communities at scale.

Building and accelerating impact economies

With representatives from Japan to Brazil, South Africa to Norway, and China to Canada, this Summit had diversity through and through. I was delighted that we could announce the six new countries which have joined our network of National Advisory Boards (NABs): Sri Lanka, Peru, Belgium, Norway, Greece, and Malaysia, with four more expected by the year-end.

Impact approaches to inclusion, gender investing, equity, and just transitions were all covered across our breakout sessions as we explored how to accelerate impact and social economies.

Steering impact investing and economies into the future

The impact investing community has come a long way over the past ten years, and as the GSG’s CEO, I am excited to see the progress we’re making. This was the GSG’s best event by a mile. From great speakers and excellent panels to a wonderful location, contagious energy, and a fascinating crowd, the feedback I’ve personally received has been nothing but positive!

I asked a repeated question throughout the Summit: “From what you’ve heard at this GSG Impact Summit, do you believe that impact investing and impact economies will be substantially stronger in the next three to five years?”

The answer was a resounding 99% yes! We’re on the right trajectory but must continue to work together to deliver positive impact at scale in the future.

Cliff Prior
CEO, GSG

Read more about the GSG’s Summit here, and please do share your experiences to inspire others.

The Global Steering Group for Impact Investment (GSG) concluded its highly anticipated Global Impact Summit, held from 2 to 3 October 2023 in Málaga, Spain. Hosted in partnership with SpainNAB, the Summit brought together over a thousand impact leaders and investors from around the world, as well as delegates from National Advisory Boards (NABs), governments, and policymaking organisations representing over 60 countries.

The Summit kicked off with a welcome from José Luis Escrivá Belmonte, Acting Minister of Inclusion, Social Security and Migration of Spain; Carolina España, Regional Minister of Economy, Finance and European Funds of Junta de Andalucía (Regional Government); and Francisco de la Torre Prados, Mayor of Málaga City Council.

Other industry-leading speakers from the worlds of finance, business, policy-making, and civil society included:

• Dolika Banda, Founding Partner, Mondiale Impact;
• Emmanuel Faber, Chair, International Sustainability Standards Board;
• Maya Ziswiler, CEO, UBS Optimus Foundation;
• Nick Hurd, Chair, GSG;
• Şafak Müderrisgil, Founder and Chair, Etkiyap; Founding President, EYDK;
• Sir Ronald Cohen, President, GSG.

The highlight of the Summit was the announcement of six new countries joining the GSG’s network of NABs since the beginning of 2023 – Sri Lanka, Peru, Belgium, Norway, Greece, and Malaysia. Welcoming the six new NABs, GSG CEO Cliff Prior commented:

“We are delighted to see how much growth the impact movement has experienced over the last ten years. As more markets around the globe are embracing impact, NABs are becoming driving forces for innovation and opportunities, charting the course toward a global impact economy and ensuring a just transition that leaves no one behind.”

During the Summit, thought-leaders, changemakers, and impact leaders also reflected on the latest achievements of the impact movement, shared insights and lessons learned, and discussed the way forward, focusing on mobilising capital for people and the planet, achieving impact transparency, and building impact economies.

SpainNAB also released a study on the supply of impact capital in Spain in 2022, which shows a 58% growth in assets under management in impact investment, reaching 1.208 billion euros. This study, prepared in collaboration with Esade Center for Social Impact, provides an estimate of the volume of assets under management aimed at impact companies and organisations, differentiating between the supply of impact investment and the supply of impact bank financing.

The Summit was also an opportunity to launch two new reports published by the GSG. The first report, ‘Financing SDGs in emerging markets,’ identifies the potential of Green, Social, Sustainability and Sustainability-Linked (GSSS) bonds to attract investors to invest at scale in the Sustainable Development Goals (SDGs). It also offers recommendations on how issuers, private sector investors, policymakers, and development finance institutions can support the growth of GSSS bond markets in developing countries.

The second report, ‘SDG-Driven Tech Innovation Ecosystems,’ outlines the key features of state-of-the-art tech-based innovation ecosystems that can help drive the global SDG agenda. The GSG, along with six EU countries and Israel, was able to identify these ecosystems through a two-year Horizon EU project.

Addressing the Summit attendees, former UK Prime Minister Gordon Brown noted:

“I cannot tell you how important it is that we come together. By leading the way in creating one of the most exciting and innovative movements to build a more sustainable, fairer and more prosperous future – by us doing well and doing good at the same time – you’ll be giving people what eludes most of all today: Hope. We need hope for a better world and you can contribute greatly to it.”

Sir Ronnie Cohen, GSG Board President, also announced that Ibukun Awosika, former Chair of the First Bank of Nigeria, has been elected as Vice Chair of the GSG. She will take over the role from Nick O’Donohoe, who will finish his term on the Board later this year. Awosika joined GSG Chair, Nick Hurd, and GSG Trustee, Shannon Music, on stage to close the Summit, where they set out a clear call to action — to mobilise more capital to where it is most needed.

The Global Steering Group for Impact Investment (GSG) is proud to announce the release of its recent report, ‘SDG-Driven Tech Innovation Ecosystems,’ launched at its 2023 Global Impact Summit.

The result of the GSG’s collaboration with partners in six EU countries (France, Italy, Portugal, Lithuania, Estonia, and Poland) and Israel on a two-year Horizon EU project, the report offers an in-depth exploration of how tech-based innovation ecosystems can be better harnessed for the Sustainable Development Goals (SDGs). Partners in France, Italy, Portugal, and Israel represent National Advisory Boards (NABs) for Impact Investing, independent national entities set up to advance impact investing in the respective countries. GSG has worked to set up 36 affiliated National Advisory Boards across the world.

Recognising the urgent need with less than seven years left to meet high-priority SDG targets, the consortium has developed a Building Blocks Framework, laying out the key features of best-in-class tech innovation ecosystems that could accelerate the SDGs implementation process.

In one example, The Israel Innovation Institute, a non-profit think tank enables and facilitates the development, testing, and demonstration of scalable, innovative solutions to global challenges—in fields such as healthcare, agriculture, transportation, and climate change.

Other best-in-class examples include Portugal, where the EU-backed Portugal Social Innovation initiative has mobilised €150 million and supports over 693 social innovation enterprises. In Italy,  which ranks highest globally in the number of ESG-aligned financial investments, the government-supported CDP Venture Capital SGR manages 12 investment funds and finances tech innovation linked to the SDGs.

Several more tech-based innovation ecosystems are presented in the report, which offers a rich overview of the opportunities to utilise new tech developments to accelerate progress towards achieving the 17 SDGs of the 2030 agenda.

Discover more in the report here.

A dedicated project webpage on the GSG website features ‘SDG Tech News,’ a selection of blogs on SDG-tech written by GSG highlighting emerging SDG-tech-related technologies, impact measurement and management practices for the SDGs, case studies, and further learnings picked up from the 7-country mapping study. The page also links to the mapping methodology used by consortium partners, making it available to any actor who wishes to carry out the same assessment of their own local ecosystem.

Green, Social, Sustainability and Sustainability-linked (GSSS) Bonds are gaining traction and attention as important tools that can help bridge the Sustainable Development Goals (SDGs) and climate financing gap. Taking decisive action is more crucial now than ever. As UN Secretary-General António Guterres highlighted at the 2023 SDG Summit during UNGA 78, most of the SDGs are “woefully off-track” with their 2030 targets. While this bond market has grown significantly in recent years to reach $3.8 trillion, only 15% are issued in developing countries, where the needs are greatest.

To help identify opportunities for growth of the GSSS bonds market in these countries, the Global Steering Group for Impact Investment (GSG) has released a report that explores the fast-growing body of research on GSSS bonds and the most effective ways of harnessing their full potential.

The report, ‘Financing SDGs in emerging markets: The role of Green, Social, Sustainability and Sustainability-Linked Bonds,’ delves deep into the key trends and drivers in the GSSS bonds market and its potential to generate significant social and environmental impact. It also offers important recommendations to issuers, private sector investors, policymakers, development finance institutions, and other market builders on how to scale up GSSS bonds in developing countries supporting the growth of the market.

All stakeholders have a part to play in creating an ecosystem approach that enables the growth of the investments necessary to significantly contribute to closing the SDGs funding gap, which increased by at least 60% to 70% as compared to 2014, to about $4 trillion.

Paul Horrocks, Head of the Private Finance for Sustainable Development Unit at the OECD Development Co-operation Directorate, commented:

“Delivering the SDGs and transitioning economies onto sustainable pathways requires significant funding. The debt capital markets are the biggest and most liquid source of finance available, which increasingly want ESG and SDG exposure. Green, Social, Sustainability and Sustainability-linked Bonds are an important conduit through which developing countries can access sustainable aligned capital and investors can increase their exposure to these emerging sustainable markets.”

Rémy Rioux, AFD CEO and FiCS Chairman, said:

“AFD has given priority to sustainable bond issuances for its own financing and in support of key partners in developing countries. AFD’s success in this market reflects its action geared towards just ecological transitions, in line with the Group’s 100% Paris Agreement alignment and 100% socially responsible commitments. Looking forward, GSSS bonds are a very powerful and innovative tool to leverage sustainable finance for the SDGs.”

Fabienne Michaux, Director SDG Impact, UNDP Sustainable Finance Hub, remarked:

“GSSS bonds have the potential to direct capital at scale to where it’s needed most and lift the level of ambition in terms of contribution to solutions and the SDGs.”

Carmen Correa, Chief Executive Officer of Pro Mujer said:

“Gender bonds play a key role towards the SDGs as they incentivise financing women-led businesses and generate a cultural change towards gender equality.”

Explore the full report here.

The GSG, the IFRS Foundation, and Reporte Integrado Latam jointly organised the webinar: “El ISSB, una base global para la divulgación de información financiera sobre sostenibilidad, y su relevancia para América Latina” (translation: The ISSB, a global baseline for the disclosure of financial information on sustainability, and its relevance for Latin America), with the support of ANDE, Latimpacto, and Sistema B. 

The event gathered hundreds of participants from over 10 Iberoamerican countries, evidencing outstanding commitment and interest from key stakeholders in Latin America and Spain to promote greater transparency on sustainability impacts, collaboratively.

During the event, Arturo Rodriguez, representing the IFRS Foundation, presented the recently launched standards IFRS S1 on General Sustainability-related Disclosures, and IFRS S2 on Climate Related Disclosures. Following the presentation, a panel of experts from key Latin American jurisdictions discussed the main opportunities and challenges for adoption of the standards in the region, highlighting implications for regulators, investors and corporations.

This webinar, GSG´s first-ever event in Spanish, marked a significant milestone in our work to advance impact transparency globally, building on our roles as inaugural members of the ISSB’s Sustainability Consultative Committee and signatories of its Partnership Framework for Capacity Building.