Social taxonomy and Society for Worldwide Interbank Financial Telecommunications: Difference between pages

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imported>Doug Williamson
(Add quote - ACT blog - https://www.treasurers.org/hub/blog/esg-update-september-2022)
 
imported>Administrator
(CSV import)
 
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''Sustainability - social concerns - European Union - European Commission.''
(SWIFT). A co-operative organisation created and owned by banks that operates a network which facilitates the exchange of payment and other financial messages between financial institutions (including broker-dealers and securities companies) throughout the world.  


The EU's Social Taxonomy is a tool to help investors, companies, issuers and project promoters define social investments on a consistent basis.
It is a major international financial telecommunications network that transmits international payment instructions as well as other international financial instruments or messages.  
 
 
It consists of three overarching objectives:
 
*Decent work, including for value-chain workers.
*Adequate living standards and wellbeing for end-users.
*Inclusive and sustainable communities and societies.
 
 
:<span style="color:#4B0082">'''''Social taxonomy recommendations shelved indefinitely'''''</span>
 
:"The EU’s [International] Platform on Sustainable Finance recommendations for the development of a social taxonomy to promote sustainable investment in Europe, putting the focus on the protection of human rights and on the social impact on the main stakeholder groups of businesses: employees, customers and communities, '''has been shelved indefinitely''' due to difficulties in agreeing on a conceptual framework and measurement system that would work at both the EU and global level."
 
:''ACT - ESG Update September 2022 - Naresh Aggarwal.''


A SWIFT payment message is an instruction to transfer funds; the exchange of funds (settlement) subsequently takes place over a payment system or through correspondent banking relationships.


== See also ==
== See also ==
* [[European Union]]  (EU)
* [[Bank identifier code]]
* [[Framework]]
   
* [[International Platform on Sustainable Finance]]
* [[Social concerns]]
* [[Sustainable Development Goals]]
* [[Sustainable finance]]
* [[Sustainability]]
 
 
==External link==
*[https://ec.europa.eu/info/sites/default/files/business_economy_euro/banking_and_finance/documents/280222-sustainable-finance-platform-finance-report-social-taxonomy.pdf Platform on Sustainable Finance - Report on Social Taxonomy - February 2022]


[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 14:20, 23 October 2012

(SWIFT). A co-operative organisation created and owned by banks that operates a network which facilitates the exchange of payment and other financial messages between financial institutions (including broker-dealers and securities companies) throughout the world.

It is a major international financial telecommunications network that transmits international payment instructions as well as other international financial instruments or messages.

A SWIFT payment message is an instruction to transfer funds; the exchange of funds (settlement) subsequently takes place over a payment system or through correspondent banking relationships.

See also