11 leading financial services trade associations developed a set of Principles for a U.S. Transition to a Sustainable Low-Carbon Economy, intended to serve as a useful framework, offering perspectives from the full spectrum of the financial services industry including banks, investment banks, insurers, asset managers, investment funds, pension funds and other financial intermediaries. 

"As leaders of the international financial community, we know that climate change is one of the greatest challenges facing us all. We are determined to effectively manage the risks for our industry and recognize our key role in mobilizing capital for unprecedented opportunities—solutions to mitigate greenhouse gas (GHG) emissions, strengthen climate resilience, unlock innovation and create jobs."

The IIF and Deloitte UK conducted a global survey of sustainability professionals and other senior executives about the role of Chief Sustainability Officers (CSOs) in addressing the environmental, social and governance (ESG) imperative, and found that the CSO is emerging as a “sense-maker in chief,” and is responsible for understanding, and predicting, changes in the external sustainability environment, and re-positioning the business model of their respective firms to tackle this head on. 
 

On February 3, the IIF submitted a comment letter to the EBA Discussion Paper on management and supervision of ESG risks.

The IIF Sustainable Finance Working Group has submitted a response to the Taskforce on Climate-related Financial Disclosures (TCFD), and its Secretariat, on its public consultation on Forward-looking Financial Sector Metrics.