Demystifying Sovereign ESG

Abstract

This paper forms part of a series of publications under the Global Program on Sustainability (GPS). The series is a knowledge product of GPS Pillar 3 with the objective to promote the use of high-quality data and analysis of sustainability to better inform decisions made by governments, the private sector, and financial institutions. GPS Pillar 3 is led by the World Bank's Finance, Competitiveness and Innovation (FCI) Global Practice (GP) in collaboration with World Bank Treasury (TRE), Development Economics Vice Presidency (DEC), and other GPs. Focusing on ESG issues in sovereign investing, the series disseminates practical, evidence-based recommendations for market participants, including institutional investors, sovereign issuers, credit rating agencies, and ESG data and service providers, among others.