Join ITFA in shaping the future of sustainable finance!

Dear ITFA Members,

ITFA is advancing to the next stage in the establishment of its Sustainable Audit Council, and we want you to be a part of this transformative journey.

After extensive research and collaboration, guided by the invaluable input of our members, we’ve identified a significant gap in regulatory reporting standards for Environmental, Social and Governance (ESG) practices. This gap undermines consistency and comparability and poses risks to inclusive economic growth. It results in market failures, such as an overly cautious approach to ESG lending, under-reporting of potentially qualifying finance, and a widening trade finance gap for SMEs, ultimately excluding emerging markets. The challenge now is to bridge this gap and move towards a more sustainable trade landscape.

The Sustainable Audit Council is an ITFA-led initiative aimed at developing common, consistent and comparable standards for ESG reporting. Working alongside international trade consultant and thought leader in strategic trade Rebecca Harding, we are committed to driving positive change in the industry before it’s too late.

As we embark on this crucial journey, we seek your support and collaboration. The involvement of ITFA members is essential in shaping the future of sustainable finance and fostering a more equitable global economy. By creating a more level playing field, we also pave the way for growth.

Interested in learning more about how you can contribute to our mission? Click here to view brochure or reach out to Lorna Pillow and Johanna Wissing at info@itfa.org for further details and partnership opportunities.

Please note that time is of the essence. To kickstart this project and secure the necessary expertise, all funding needs to be secured by mid-March at the latest. Let’s not miss this brief window of opportunity to prevent ESG reporting from becoming a mere box-ticking exercise akin to KYC 2.0. This project relies on the support of our members, and we would be disappointed to shelve it due to a lack of funding.

Together, let’s work towards a brighter, more sustainable future!