Working Group: 11 participants from the financial sector

To determine the role of the financial sector in contributing to sustainable development.

To define the business case for sustainable development in the financial sector and identify how the sector can facilitate the business case in other industries. Importantly, this will include clarifying the boundaries of responsibilities for financial institutions with regard to their customers.

To promote markets for financial products and services, including funds, which help to advance sustainable development; and

To develop criteria and indicators for the financial sector to measure the sustainability performance of its investments and clients.

2002 August - Produce a position paper that will outline the issues from a business perspective, define the concept of sustainable development for the financial sector, and describe the main drivers for sustainable development in the sector.

The WBCSD provides the process, quality control and outreach competency for the initiative. It offers a credible neutral platform for companies in an industry sector to jointly investigate sustainability challenges. It coordinates the work program, ensuring quality control throughout. Importantly, the WBCSD also markets and disseminates the output of these projects, generating momentum for change in policy and behavior across whole industry sectors.

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