January 2024 – December 2025
Global
Assurance Services International, the Golf Environment Organization Foundation and the Global Sustainable Tourism Council
ISEAL Innovations Fund, supported by the Swiss State Secretariat for Economic AffairsSECO
This project aims to develop a practical tool that facilitates the alignment of market-driven sustainable schemes with ESG disclosure regulations in the financial sector. With this, certified sustainable business can more easily comply with ESG due diligence requirements when seeking investments.
Emerging ESG reporting regulations in the financial sector may inadvertently create barriers for sustainable businesses to attract investments, especially for small and medium-size enterprises (SMEs). These businesses often lack the capacity and resources to collect necessary data to meet ESG due diligence requirements of financiers effectively. This data gap also effects sustainability integration in financing decisions and regulatory compliance.
GIB is leading the project from planning to implementation,including preliminary research on relevant regulations, conduct data mapping exercises, developing the tool, coordinating with project partners, engaging with stakeholders and managing communication activities. In addition to it, GIB is currently exploring the AI integration in this project, envisioning the scaling up of the initiative to various stakeholders.
Strengthening alignment with emerging sustainability-related regulations.
Enhancing the credibility and integrity of sustainability certification schemes.
Enabling certified entities to comply with ESG due diligence requirements, there by improving access to sustainable finance.