Driving change in sustainable finance is multi-layered, multi-actor and it involves multiple choices. It works best when each new initiative has a clear objective; when each actor contributes in a way that fits their particular role, strengths and responsibilities; and when we clearly communicate which specific piece of the sustainability puzzle we’re working on.
The pandemic has brought into sharp relief how our lives around the world are inextricably linked, both through the global spread of coronavirus, but also how we’ve come together within our communities to tackle and build back better from this crisis.
Some of you will be familiar with the concept of a fund’s net asset value (NAV) which tallies up the assets and liabilities in an investment portfolio and provides a net worth figure that you can then compare over time. If you are like me, you might try to figure out your own personal NAV by using a spreadsheet to keep track of your income and spending to make sure your personal finances are on track.
In the COVID-19 operating environment, operational resilience is back at the top of the agenda. Take a look at the conclusions of our Operational Resilience Committee’s Business Services Working Group and the new guidance we’ve just issued.