GSFCG: What are your current top priorities in your work with financial centres on sustainable finance and where do you see Germany’s role in that context?
Our work is focused on supporting Members, such as the Green and Sustainable Finance Cluster Germany to accelerate local efforts to scale sustainable finance. To this end and based on Member inputs, 2023 efforts are focused on transition finance, corporate disclosures and reporting with a big focus on the work of the ISSB, biodiversity finance (and the TNFD), development of a North-South SDG Investment Pipeline Builder, supporting Member talent development efforts, and finally the mainstreaming of gender equality and empowerment in the sustainable finance agenda. Under UAE’s Presidency, we see COP28 as an important event this year, alongside September’s UN SDG Summit in New York. As the leading European industrial economy, Germany has a key role to play in leading out on the transition finance agenda, not least in the development of new financial products and services. Such innovation, designed in part to support Germany’s SME sector make the transition, could be rolled out a pan-European level and even further afield adding real value to the agenda.