ISO/TC 322 is the technical committee responsible for the development of standards relating to sustainable finance. We look to integrate sustainability considerations including environmental, social and governance (ESG) practices in the financing of economic activities.
ISO/TC 322’s aim is to consolidate the rapid learning and innovations in sustainable finance at an international scale and enable member countries to finance delivery of the UN SDGs at faster pace, lower cost and reduced risk, whilst exposing financial organizations to the value of the international standardization process.
Our sustainable finance standards will anticipate and facilitate the trend towards a more balanced sustainable approach competent in meeting environmental, social, and governance goals in even measure.
Our work program will cover three sets of standardisation activities:
- Setting principles and framework standards applicable to the whole financial system to set out high-level principles for sustainable finance to guide the operations of financial institutions, and frameworks to give a structure and context for the development and role of specific standards, whether developed by ISO or the wide range of other industry bodies who are involved in such activities.
- A set of technical standards that contribute to sustainable finance taxonomies, impact assessment requirements, disclosure requirements including covenants, verification, and stewardship, for each of the major financial products including green, social and sustainable loans, bonds, funds, derivatives, insurance, private equity, and listed stocks. This work is being designed to fill gaps and contribute to the production of consistent methodologies as standardization matures across the field of sustainable finance.
- Harmonizing understanding and language.
You can also visit our YouTube channel for more on our Scope and strategy.
Our stakeholders, and getting involved
As at 10 October 2020, TC322 has 25 Participating and 15 Observer members, together with 11 external liaison organizations and internal liaisons with other ISO technical committees.
Our standards apply to a wide range of stakeholders involved from across the financial sector.
Want to get involved?
Standards are developed by the people who need them – that could mean you. Technical committees include experts from both standard-makers and industry specialists and these experts are put forward by ISO’s national members. If you want to help shape future standards in your field, contact your national member, or email the Committee Manager, Mike Henigan.
Find out more on the TC322 YouTube channel.
Go to the TC322 YouTube channel