Organisation for Economic Co-operation and Development – OECD

Organization for Economic Co-operation and Development – OECD is an international organization and builds policies to foster prosperity, equality, opportunity and well-being for all.

The forerunner of the OECD was the Organization for European Economic Co-operation (OEEC), which was formed to administer American and Canadian aid under the Marshall Plan for the reconstruction of Europe after World War II. OEEC was transformed into the OECD in Paris on 14 December 1960 and entered into force on 30 September 1961. OECD cooperates with governments, policy makers and citizens, to establish evidence-based international standards and find solutions to a range of social, economic and environmental challenges.

OECD has developed the Environment and the OECD Guidelines for Multinational Enterprises, a number of environmental policy tools, and resources on Green Growth and sustainability.

In 2021 OECD-UNDP Impact Standards for Financing Sustainable Development were developed, as a framework for donors, development finance institutions and their private sector partners to make financial decisions and manage projects in ways that generate a positive impact on sustainable development.

Sustainable finance is a concept with rapid growth and all financial institutions try to incorporate ESG approaches in their funding mechanisms. OECD has a number of publications regarding the developments in Environmental social and governance (ESG) investing