Financing in Emerging Markets and Developing Economies: Impact Disclosure Taskforce Releases Draft Guidance Supporting UN Sustainable Development Goals

1 minute read | April.18.2024

A taskforce with members from financial institutions, capital market participants and industry stakeholders has released draft guidance to facilitate sustainable financing, primarily in emerging markets and developing economies, as well as in advanced economies.

Orrick’s Jared Joyce-Schleimer and Perry Teicher joined colleagues on the Impact Disclosure Taskforce in drafting voluntary guidance on entity-level disclosure. The guidance also addresses impact reporting, analysis and financing.

Companies and governments may consult the guidance as they disclose information about their efforts to support UN Sustainable Development Goals. Those goals include spurring economic growth and employment while tackling climate change, alleviating inequality and expanding access to health and education.

By applying principles of impact measurement and monitoring, the draft guidance envisions that participating companies and governments will more clearly communicate their contributions towards the UN SDGs and thereby more readily access sustainable pools of capital.

J.P. Morgan and Natixis Corporate & Investment Banking co-chaired the Impact Disclosure Taskforce, with representatives from organizations including CDPQ Global, Amundi and Pictet Asset Management, among others.

Orrick’s market leading innovation team has also provided technical solutions to the taskforce, hosting the public comment application for the draft guidance. The feedback period is now open until September 1, 2024.

Read more

Read more on the draft guidance and provide feedback