A Committee on Sustainable Finance, constituted by International Financial Services Centres Authority (IFSCA) submitted its report on Sustainable Finance suggesting development of the carbon market among others.
- Sustainable finance is defined as investment decisions that take into account the environmental, social, and governance (ESG) factors of an economic activity or project.
- Environmental factors include mitigation of the climate crisis or use of sustainable resources.
- Social factors include human and animal rights, as well as consumer protection and diverse hiring practices.
- Governance factors refer to the management, employee relations, and compensation practices of both public and private organizations