World Forestry

January 26, 2009—A new report by IFC, the United Nations Global Compact, and the Swiss government finds that although the financial industry understands the necessity of examining environmental issues in the investment process, it is still not standard practice.

Who Cares Wins 2008 urges the financial industry to advance efforts to integrate environmental, social, and governance (ESG) issues into mainstream investment decision-making and ownership practices. If they do not, consequences of climate change could fuel another financial crisis.

The report details progress made by the financial industry since 2004 and provides recommendations for scaling up ESG integration for widespread implementation throughout the industry.

Full Report

Source: International Finance Corporation