Standards Development

Scope

The intended document establishes terminology that describes the impact, risk and applicable information technology in the field of sustainable finance in support of the concept of sustainability as defined in the Brundtland Report/ISO 20400:2017)

This document can be used in the development of other standards and in support of communications among diverse, interested parties or stakeholders, including experts and professionals in the fields of sustainability management, financial service, information technology and data analysis. The focus is on industry sectors that provide already or are expected to increase significant contributions to environmental sustainability, biodiversity conservation, financial inclusion, circular economy, energy resilience, infrastructure accessibility, public health, etc

This document is applicable to all types of organizations and individuals that aim to utilize information technology capability to advance and scale up sustainable finance (e.g. financial institutions, information solution providers, fintech companies, digital infrastructure providers, entrepreneurs, carbon credit traders, industrial associations, government, not-for-profit organizations, innovators, agencies, etc.)

Given the quick evolution and continuous innovation in the field of sustainable finance, this document is not intended to be an exhaustive terminology standard. This terminology document will focus on the clarification of a minimum set of measurable/verifiable/definable outcome indicators and information technology already in-use, such as Internet of Things (IoT), Artificial Intelligence (AI) and blockchain. In accordance with the market development, this working group will update the standard regularly.

Purpose

See Annex A - Purpose and Justification