GSG Impact and Global Coalition of Partners Seek to Gain Traction on Financing for Development Outcomes
26 June, 2025
A Call for Greater Impact Transparency: Global Sustainability Reporting and Aligned Taxonomies
Published 3 February 2025 | Updated 10 February 2025
The Fourth International Conference on Financing for Development (FfD4) presents a critical opportunity to align global private sector financing with sustainable development. GSG Impact, alongside 11 leading organisations, has signed a joint letter urging UN Member States to uphold key impact transparency provisions in the FfD4 negotiations.
The letter is co-signed by GSG Impact, GRI, B Lab, B Lab Switzerland, Capitals Coalition, CDP, Danish Institute for Human Rights, International Trade Union Confederation, Social Value International, Shift, UNI Global Union, and the World Benchmark Alliance.The key priorities outlined in the letter include:
- Double Materiality-Based Reporting – ensuring businesses disclose both financial sustainability risks and their broader impact on society, the economy, and the environment.
- Harmonised Sustainability Reporting Standards – calling for the simultaneous integration of sustainability reporting standards into national laws to create a seamless global reporting system.
- Interoperable Taxonomies – strengthening sustainable finance frameworks by enabling comparability and consistency in impact reporting across jurisdictions.
Our Call to Action
To ensure transparency and accountability in corporate sustainability reporting, we urge UN Member States to preserve Sections 36(d) and 36(e) of the Zero Draft Outcome Document, which support double materiality reporting and aligned taxonomies. By maintaining these provisions, the global financial system can better direct investment toward sustainable development goals.