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From Washington Consensus to Wall Street Consensus: US-backed WB President candidate Ajay Banga is a fossil fuel champion
Recourse criticizes the US nomination of Ajay Banga for World Bank president, highlighting his roles at Exor N.V. and Temasek, which link him to oil, gas, and nuclear investments. The organization argues that Banga's private sector experience promotes a profit-driven development model over genuine climate action and poverty reduction.
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Document type: Statement
SUSTAINABLE FINANCE POLICIES FOR 1. 5°C
The document outlines a comprehensive framework of 101 sustainable finance policies categorized by three primary ambitions: speed, steer, and simplify. It provides specific recommendations across various government departments—including fiscal, trade, energy, and industrial policy—as well as for central banks and financial regulators. The guide emphasizes the need for science-based targets, the removal of fossil fuel subsidies, the use of green taxonomies, and the implementation of derisking mechanisms like blended finance to mobilize private capital for the 1.5°C transition.
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Document type: Guide
Companies and Climate Change
The report evaluates corporate climate alignment using the CCIF, finding that while mitigation efforts (such as GHG reporting and renewable energy procurement) are common, there is a critical lack of detailed climate adaptation planning. Analysis of 483 debt issuers reveals that no company performed well across all three CCIF objectives, and only 14% have an adaptation and resilience plan. Sector-level data shows utilities as the highest performers in reporting and transition, while healthcare and automotive sectors suffer from significant data gaps. Case studies of companies in China, India, South Korea, and Singapore highlight the use of internal carbon pricing and science-based targets, but emphasize the need for better Scope 3 emissions tracking and quantitative physical risk assessments.
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Document type: Report
FSD Africa Impact Ground-breaking Jasiri Gender Bond in Tanzania
The Jasiri Gender Bond, launched in February 2022, mobilised USD 32 million to support women-led businesses in Tanzania, particularly in agriculture, retail, education, and male-dominated sectors like mining and energy. The bond was oversubscribed by 197% and became the first Sub-Saharan bond listed on the Luxembourg Green Exchange. A case study of High Quality Tanzania demonstrates how Jasiri loans enabled a feminine hygiene product importer to increase turnover to over TZS 10 Billion ($3.9 million) and expand operations internationally.
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Document type: Fact sheet
The State of Play for Sustainable Development in the Joint Statement Initiative on Investment Facilitation for Development
The brief examines the WTO JSI on e-commerce, noting a shift toward a less ambitious agreement focusing on 'lower-hanging fruit' like e-commerce facilitation. It highlights the rise of Digital Economy Agreements (DEAs) and increased national regulatory activity, while noting that the JSI's December 2022 consolidated text reflects a dilution of policy coverage and the removal of a dedicated market access section.
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Document type: Policy brief
Cambios en el contexto y dinámica de la iniciativa relativa a la Declaración Conjunta sobre el Comercio Electrónico de la OMC
The report provides a comprehensive stocktake of the WTO Joint Statement Initiative (JSI) on E-commerce as of December 2022. It highlights a shift toward a less ambitious agreement for the 13th Ministerial Conference (MC13), focusing on resolved trade facilitation issues while deferring controversial market access topics. The document analyzes the impact of increasing national digital regulation, the rise of flexible Digital Economy Agreements (DEAs), and the revitalized WTO Work Programme's focus on the digital divide. It details the structural changes in the December 2022 consolidated text (INF/ECOM/62/Rev.3), including the removal of the 'Market Access' section and the creation of an 'Annex' for low-support proposals. While 10 articles have reached 'clean' or 'convergent' status, significant gaps remain regarding cross-border data flows and source code. The report concludes that 2023 will be a critical year for finalizing a simplified agreement.
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Document type: Report
Évolution du contexte et des dynamiques associés à l’Initiative conjointe de l’OMC sur le commerce électronique
The report provides a comprehensive stocktake of the WTO's Joint Statement Initiative (JSI) on e-commerce at the end of 2022. It highlights a shift toward a less ambitious 'light' agreement focusing on minor facilitation points, while more contentious issues like market access and data flows remain unresolved. The document notes the rise of flexible Digital Economy Agreements (DEAs) and an increased focus on the digital divide within the broader WTO work programme. By December 2022, 87 WTO members participated in the JSI, though participation from African countries and Least Developed Countries remains marginal. The report details the progress of various technical small groups, noting that 10 articles have reached a 'cleaned' or 'convergent' state, while others, such as source code and cryptography, face persistent divergences.
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Document type: Report
A Southeast Asian Perspective on Trade and Climate Change Mitigation and Adaptation
The document analyzes the vulnerability of the ASEAN region to climate change and evaluates the current mitigation and adaptation strategies of its member states. It argues that while ASEAN countries have ambitious Nationally Determined Contributions (NDCs), there is a significant disconnect between climate goals and trade policy. The author recommends reducing tariffs and non-tariff barriers on environmental goods, reforming fossil fuel subsidies, and utilizing WTO flexibilities for technology transfer to bridge this gap.
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Document type: Report
ABOVE BOARD: 2022 SUSTAINABLE BANKING 2022 BASELINE ASSESSMENT OF BANKS’ SEAFOOD SECTOR POLICIES
WWF-Singapore's 2022 baseline assessment of 41 banks reveals that while over half recognize E&S risks in the seafood sector, only 20% have disclosed specific sector policies. The average score across 34 sub-indicators was 17%, with European banks showing the most robust policies and Asian and North American banks lagging. The report finds that expectations for wild-catch production are the most developed, while aquaculture and downstream requirements are lacking. WWF recommends that banks align policies with UNEP FI Sustainable Blue Economy Finance Initiative guidance, integrate seafood risks into broader thematic policies, and develop targeted 'blue' financial products.
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Document type: Report
ASIA F-LIST 2023
The ASIA F-LIST 2023 report examines the role of advertising in sustaining fossil fuel consumption across selected Asian markets. It argues that companies use reward programs, prize giveaways, and 'purpose-washing' campaigns—such as rural development projects and environmental restoration—to distract from their contribution to the climate crisis. The report notes a gap between sustainable intent and action among Asian consumers, partly due to misleading marketing, and highlights a growing but inconsistent regulatory landscape for climate disclosure in the region.
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Document type: Report
ASIA F-LIST 2023
The report analyzes fossil fuel marketing in Asia, identifying two primary strategies: incentivizing increased fuel consumption through loyalty programs and prizes, and 'purpose-washing' to shift climate responsibility onto individuals or project a sustainable image. It notes a gap between Asian consumers' sustainable intent and action, partly due to misleading marketing, while highlighting a trend toward mandatory climate disclosures in countries like India, Japan, South Korea, Hong Kong, and Singapore.
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Document type: Report
International Public Opinion on Climate Change
The report finds that low-cost, repeated behaviors like reducing food waste are significantly more common than high-cost, one-time installations like heat pumps or solar panels. While many who adopted these behaviors faced minimal difficulty, non-adopters cited lack of awareness and lack of interest for low-cost actions, and high cost and home ownership issues for high-cost technologies.
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Document type: Report
Countermeasures for Mitigating Digital Misinformation: A Systematic Review
The report analyzes 588 peer-reviewed publications to map countermeasures against digital misinformation. It identifies four primary strategies—corrective information, information and media literacy, content moderation, and content labeling—but finds a significant gap in empirical validation, as less than one-fifth of the reviewed studies report on the effectiveness of their proposed solutions.
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Document type: Report
Disruptive Technology and the Total Defence Concept
The document examines the intersection of disruptive technologies and the 'total defence' concept, focusing on Norway. It argues that the rise of dual-use technologies and hybrid warfare necessitates a re-evaluation of civil-military relations and societal resilience. The authors introduce a framework consisting of temporality, performativity, and imagination to guide policy and operational adaptation. The report highlights lessons from the war in Ukraine, such as the role of commercial tech giants and the vulnerability of critical energy infrastructure, and recommends increased civil-military R&D and improved digital literacy to enhance national security.
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Document type: Research paper
Agri-food Transition Principles Discussion Paper
The document argues that current agri-food transition finance is often unambitious and lacks alignment with science-based pathways, particularly regarding scope 3 emissions. It introduces five Transition Principles and five Hallmarks to ensure that corporate transition plans are rooted in action rather than pledges, exclude offsets, and align with a 1.5°C trajectory. The paper also reviews various existing frameworks, such as SBTi FLAG and the EU Platform on Sustainable Finance, to identify how they address broader goals like biodiversity, water use, and just transition.
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Document type: Research paper
A Global Deal to Tackle Harmful Fisheries Subsidies: A look behind the scenes
In June 2022, the WTO's 164 members reached a historic agreement to tackle harmful fisheries subsidies, marking the first multilateral trade deal centered on environmental sustainability. The process involved over 20 years of negotiations and was supported by a combination of impartial technical policy advice from the IISD and high-ambition advocacy from The Pew Charitable Trusts. To create external pressure, the 'Stop Funding Overfishing' campaign was launched, eventually gathering 182 signatories, including the World Wildlife Fund and Oceana. The final agreement, adopted at the Twelfth Ministerial Conference (MC12), includes prohibitions on subsidies for illegal, unreported, and unregulated (IUU) fishing, fishing of overfished stocks, and fishing on the unregulated high seas. To ensure future progress, the deal includes a clause stating the agreement expires if a more comprehensive deal is not reached within four years of entry into force.
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Document type: Case study
SCALING CREDIBLE TRANSITION FINANCE – ASEAN
The report evaluates transition planning among ASEAN companies in sectors like cement, steel, and chemicals against the Climate Bonds Initiative's 'Five Hallmarks' of a credibly transitioning company. It finds that while net-zero commitments are increasing, most plans are fragmented and lack the robust, costed, and science-based pathways necessary for a 1.5°C alignment. The document provides specific analysis of companies such as Siam Cement Group and PTT, and offers guidance on improving the credibility of sustainability-linked bonds (SLBs) by ensuring they include material emission scopes and absolute targets.
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Document type: Report
Massive gas expansion risks overtaking positive climate
The report warns that massive LNG expansion and a lack of ambitious national climate targets are jeopardizing the 1.5°C warming limit. It highlights that current 2030 targets lead to 2.4°C of warming and that LNG capacity under construction could increase emissions by over 1.9 GtCO2e per year by 2030 above Net Zero scenarios. While some policy progress is noted in the US, China, and the EU, international climate finance remains insufficient, and the phase-down of coal is largely being ignored by major emitters.
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Document type: Report
Sustainable Debt Market Summary Q3 2022
By 30 September 2022, cumulative global GSS+ debt topped USD3.5 trillion, with green bonds surpassing the USD2 trillion milestone. While Q3 2022 saw a decline in issuance volumes due to geopolitical and macroeconomic factors, the market remains dominated by EUR, USD, and CNY denominations. In the Middle East and Africa (MEA), the GSS+ market has reached USD33.2 billion, characterized by a high proportion of sustainability-linked bonds (SLBs) compared to the global average, reflecting the region's concentration of hard-to-abate sectors.
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Document type: Report
A guide to shareholder climate resolutions
The document examines the legal mechanics of shareholder climate resolutions in Asia, detailing jurisdiction-specific requirements for filing, voting thresholds, and the role of company charter documents. It highlights a general trend toward increased ESG consciousness and regulatory focus on net-zero transitions in the region, while noting that legal landscapes vary significantly between countries.
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Document type: Guide