The proposal to launch the Green Finance Study Group (GFSG) under China’s Presidency of the G20 in 2016 was adopted by the G20 Finance and Central Bank Deputies meeting on 15 December 2015 in Sanya, China. The Study Group is co-chaired by China and the United Kingdom, with support from UN Environment as secretariat.


In 2017, the GFGS has developed a set of 7 options (for consideration for voluntary adoption) to enhance the ability of the financial system to mobilize private capital for green investment.

  1. Provide strategic policy signals for investors regarding the strategic framework for green investment e.g., to pursue the Sustainable Development Goals (SDGs) and the Paris Agreement.
  2. Promote voluntary principles for green finance and evaluate progress on sustainable banking, responsible investment and other key areas of green finance.
  3. Expand learning networks for capacity building: available examples being the Sustainable Banking Network (SBN), the UN-backed Principles for Responsible Investment (PRI), or other international and domestic green finance initiatives.
  4. Support the development of local green bond markets.
  5. Promote international collaboration to facilitate cross-border investment in green bonds.
  6. Encourage and facilitate knowledge sharing on environmental and financial risk.
  7. Improve the measurement of green finance activities and their impacts.


This here is the document repository of the G20 Green Finance Study Group (2016-2017), showing the synthesis report, input papers and communiques.

Input papers have been prepared by the authors as a contribution to the G20 Green Finance Study Group (GFSG) but have not been endorsed by it nor do they represent the official views or position of the GFSG or any of its members.

Full report: Chinese | English
Summary: Arabic | Chinese | English | French | Portuguese | Russian | Spanish