The ultimate objective of the IPSF is to scale up the mobilisation of private capital towards sustainable investments. The IPSF therefore offers a multilateral forum of dialogue between policymakers that are in charge of developing sustainable finance regulatory measures to help investors identify and seize sustainable investment opportunities that truly contribute to climate and environmental objectives. Through the IPSF, members can exchange and disseminate information to promote best practices, compare their different initiatives and identify barriers and opportunities of sustainable finance, while respecting national and regional contexts. Where appropriate, willing members can further strive to align their initiatives and approaches.
Members
The founding members of the IPSF, that was launched on 18 October 2019 by the European Union, are the relevant authorities of Argentina, Canada, Chile, China, India, Kenya and Morocco.
Since then, Australia, Benin, Hong Kong Special Administrative Region of the People’s Republic of China (Hong Kong SAR of PRC), Indonesia, Japan, Malaysia, New Zealand, Norway, Senegal, Singapore, Sri Lanka, Switzerland and the United Kindgdom also joined the IPSF. Together, the 21 members of the IPSF represent 58% of greenhouse gas emissions, 51% of the world population and 54% of global GDP.
- Argentina: Ministry of Treasury
- Australia: Treasury
- Benin: Ministry of Economy and Finance
- Canada: Department of Finance
- Chile: Ministry of Finance
- China: People’s Bank of China
- European Union: European Commission
- Hong Kong Special Administrative Region of the People’s Republic of China (Hong Kong SAR of PRC): Monetary Authority and Securities and Futures Commission
- India: Ministry of Finance
- Indonesia: Ministry of Finance
- Japan: Financial Services Agency
- Kenya: The National Treasury
- Malaysia: Ministry of Finance of Malaysia
- Morocco: Ministry of Economy and Finance
- New Zealand: Ministry for the Environment
- Norway: Ministry of Finance
- Senegal: Ministry of Finance and Budget
- Singapore: Ministry of Finance and Monetary Authority
- Sri Lanka: Central Bank of Sri Lanka
- Switzerland: Federal Department of Finance
- United Kingdom: HM Treasury
Main steps
Launched in October 2019, the IPSF is today acknowledged as a key network of policymakers that share best practices and compare sustainable finance approaches and tools with a view of making them more comparable and interoperable. This is line with the indications of the G20 Sustainable Finance Working Group (SFWG) which to the IPSF is key knowledge partner.
- March 2025Roundtable
As a partner to the Roadmap for Advancing Interoperability and Comparability of Sustainable Finance Taxonomies, the IPSF participated in a roundtable on the Roadmap’s implementation.
- February 2022Working group
The transition to a climate neutral and sustainable economy is an ongoing process. Financing the transition of all economic sectors and actors, whatever their starting point, and including but not limited to high emitting sectors and activities, raises certain challenges.
With the ultimate objective to support the scaling up of financial flows and therefore accelerate the global transition to a climate neutral and sustainable economy, the IPSF established a working group to explore how sustainable finance alignment approaches such as taxonomies, labels and portfolio alignment metrics, as well as corporate strategy and disclosures may integrate transition considerations.
- September 2021Report
As part of the 2021 priorities of the G20 SFWG, the IPSF together with UNDESA have delivered an input paper setting our 7 high level principles and 10 recommendations to enhance comparability and interoperability of approaches to align investments with sustainability goals.
Climate change poses global challenges. Massive investments will be needed to transit to a low carbon economy. Public funding is vital for the transition but it will not be enough. A substantial part of the financial flows will have to come from the private sector. Trillions of investments will be needed in sustainable infrastructure over the next decades to reach the commitments under the Paris Agreement, the Kunming-Montreal Global Biodiversity Framework and the Sustainable Development Goals. The global nature of financial markets offers great potential in terms of helping countries on their transition path, by linking local financing needs to global sources of funding.
Many jurisdictions around the world have started developing sustainable finance tools to mobilise their financial sectors but action at national level will not be enough. International exchange and cooperation is crucial to better join up our efforts to scale up sustainable finance globally and promote the comparability and interoperability of jurisdictional and regional frameworks and initiatives. To this end, the IPSF will act as a forum for facilitating exchanges and, where relevant, coordinating efforts on initiatives and approaches to sustainable finance, while respecting national and regional contexts.
The IPSF is members-driven. It is a forum for exchanges between public authorities in charge of developing domestic or international initiatives on sustainable finance and international organisations active in the area of sustainable finance, which are willing to advance international cooperation. The ultimate objective of the IPSF is to scale up the mobilisation of private capital towards sustainable investments and to promote comparability and interoperability of sustainable finance frameworks. The IPSF is members-driven. The IPSF will deepen international cooperation and, where appropriate, coordination on approaches and initiatives, that are fundamental for private investors to identify and seize sustainable investment opportunities globally. The IPSF is not an institutionalised body or a standard-setter and does not create binding obligations on any member.
The IPSF Secretariat can be reached at FISMA [dot] IPSF
ec [dot] europa [dot] eu (FISMA[dot]IPSF[at]ec[dot]europa[dot]eu).