Ethics and Network for Greening the Financial System: Difference between pages

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== Definitions of ethics ==
''Green finance - international initiatives.''
#Moral principles.
#Principles which govern the conduct of any individual or corporate member of a professional organisation.


(NGFS).


== Characteristics of ethical issues ==
Abbreviation for the Network of Central Banks and Supervisors for greening the Financial System, established in 2017.
The Institute of Business Ethics (IBE) identifies the following characteristics, to help to determine whether a business issue is an ethical issue.  


If one or more of these characteristics is present, it is likely to be an ethical issue:


* One individual's 'right' decision about the issue may not be the same as another's 'right' decision.
The NGFS is established to:


The issue:
*Help strengthen the global response required to meet the goals of the Paris Agreement.
* raises moral questions
*Enhance the role of the financial system to manage risks and to mobilise capital for green and low-carbon investments in the broader context of environmentally sustainable development.
* is not covered by law
*Define and promote best practices to be implemented within and outside of the membership of the NGFS.
* compromises personal or organisational values
*Conduct or commission analytical work on green finance.
* is against any code of ethics or code of practice
* involves personal duties and responsibilities or
* provokes the responses 'should I?' or 'ought I?'
 
 
 
== Tests of ethical behaviour ==
The IBE has identified a number of key tests to help to determine whether a course of action, or inaction, is ethical:
 
* Is the action legal, transparent and fair?
* Who will it affect?
* Who benefits?




== See also ==
== See also ==
* [[ACT Competency Framework]]
* [[Central bank]]
* [[ACT Ethical Code]]
* [[Climate risk]]
* [[Agency risk]]
* [[ESG investment]]
* [[Business ethics]]
* [[Global Sustainable Investment Alliance]]
* [[Code of practice]]
* [[Governance]]
* [[Corporate governance]]
* [[Green finance]]
* [[Corporate social responsibility]]
* [[Paris Agreement]]
* [[Ethical business]]
* [[Supervisor]]
* [[IESBA]]
* [[Sustainable finance]]
* [[The Code]]
* [[Sustainability]]
 
* [[Sustainability bond]]
 
* [[Sustainability linked loan]]
==Other links==
[http://www.treasurers.org/node/9783 Does ethics matter? The Treasurer 2010]


[[Category:Self_management_and_accountability]]
[[Category:The_business_context]]
[[Category:Ethics]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Financial_products_and_markets]]

Revision as of 15:15, 9 September 2020

Green finance - international initiatives.

(NGFS).

Abbreviation for the Network of Central Banks and Supervisors for greening the Financial System, established in 2017.


The NGFS is established to:

  • Help strengthen the global response required to meet the goals of the Paris Agreement.
  • Enhance the role of the financial system to manage risks and to mobilise capital for green and low-carbon investments in the broader context of environmentally sustainable development.
  • Define and promote best practices to be implemented within and outside of the membership of the NGFS.
  • Conduct or commission analytical work on green finance.


See also

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