Since 2018, Finance for Tomorrow has carried out the exercise of the FC4S’s “Assessment Program” for the Paris Financial Center. The tool’s objective is to evaluate the state of green and sustainable finance across the world’s leading financial centers, gathering information directly from the local level. It produces a benchmark and alignment scores to pilot the progress of each member.
The Assessment Programme is a comprehensive process to gather information covering both private and public sector actions and instruments to advance sustainable finance.
To follow this markets’ evolution and progress, the analysis of FC4S members’ responses produces three “alignment scores” across 5 levels, based on the 3 mentioned pillars (namely, the institutional foundations, enabling environment, and market infrastructure).
The FC4S network and Finance for Tomorrow are convinced that reliable market data is essential to build the necessary trust in the path for transition. In the face of urgency, this reporting exercise is necessary because we can only improve what we can measure. Making sustainable finance figures accessible can help to showcase the transformation of the financial sector, but also to take stock of concrete actions, demonstrating feasibility and increasing the level of our collective ambition.
Discover the report “Shifting Gears II” which sets forth the financial centres’ synthesis of the FC4S’ assessment program, published in January 2021.