INTRODUCTION TO GGGI

The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page.

GENERAL INFORMATION

• Project: Mapping and Analysis of Impact Measurement Methodologies in Sustainable Finance
• Duty Station: Home-based
• Contract Duration: Aug 2023- Nov 2023
• Consultant Level: Level 5
• Total Fees: USD 10,000

The Global Green Growth Institute (GGGI) was established as an intergovernmental organization with the objective of promoting sustainable development of developing and emerging countries including the least developed countries. GGGI is dedicated to supporting the creation and diffusion of the model of economic growth known as “green growth”. The green growth model integrates economic growth, environmental sustainability, poverty reduction and social inclusion.

There is a growing number of regulations requiring ex ante disclosure of the anticipated sustainability impact of a project, firm, or financial product; however, there are limited frameworks or standards on how such impact should be measured and evaluated ex post. This project aims to address this gap.

The international community is moving forward to set a baseline for sustainability-related impacts of stakeholders from the private sector, their activities, products, etc. Efforts are also taken at the regional scale. Some examples are provided below:

• At the international scale, the International Sustainability Standards Supervisory Board (ISSB) is working on releasing international sustainability-disclosure standards, and released and exposure draft of IRFS S1.
• At the regional scale, the EU released its ESRS (European Sustainability Reporting Standards).

The main objective of the project is to map and analyze impact measurement methodologies in sustainable finance amid ongoing efforts to set up reporting standards. The findings and recommendations will inform the development of an improved measurement methodology and/or framework that addresses shortcomings of existing approaches.

The main objective of the project is to map and analyze impact measurement methodologies in sustainable finance amid ongoing efforts to set up reporting standards. The findings and recommendations will inform the development of an improved measurement methodology and/or framework that addresses shortcomings of existing approaches.

The main output of the project is a document that presents the results of the research, mapping, and analysis of impact measurement methodologies in sustainable finance.

The expected results include findings and recommendations that will inform the development of an improved measurement methodology and/or framework, specifically addressing the shortcomings of existing approaches.

The structure of the report can be described as follows:

1. Overview of Sustainable Finance Instruments

• • Definition and types of instruments
  • Eligibility Criteria for Sustainable Finance Instruments: Guidelines and standards; Key factors considered for eligibility

2. Impact Measurement Methodologies and Case Studies

• • Common methodologies and frameworks
  • Case studies highlighting best practices and challenges

3. Sustainable Finance Impact on Businesses

• • • Sustainable Activities Induced by Sustainable Finance
      • Measuring Outcomes of Projects Financed by Sustainable Finance: Key performance indicators and metrics
      • Examples of project evaluations (e.g., CDM project evaluation)

• • Contributions to Sustainable Development Goals (SDGs)
    • Mapping of sustainable finance activities to SDGs
    • Assessment of SDG alignment and integration
    • Challenges and opportunities for better SDG contribution

The aforementioned activities should be carried out to deliver the following outputs:

• Output 1. First draft.

The first draft will be prepared based on the zero draft provided in the Annex. The zero draft consists of a brief outline of the research paper, summarizing the content to be included in each section. This will serve as a basis for the drafting of the actual report. A preliminary table of contents for the first draft is provided in the zero draft.

• Output 2. Interim progress review.

The interim progress review should include the following information: (i) Work plan for the revision of the first draft based on comments received, (ii) description of the consultations and interviews conducted, if any, (iv) updates or changes in the research methodology, if applicable, (v) description of the progress made, milestones achieved, and the next steps, (vi) findings and recommendations, and (vii) any other relevant issues.

• Output 3. Final draft.

The final draft will be prepared based on the comments received on the first draft. The project is expected to start on Aug 2023 and be completed by November 2023.

The expected outputs of the Individual Consultant are as follows:

All reports and outputs must be in English, in accordance with GGGI’s formatting requirements, and submitted in hard copy and electronic formats along with complete sets of raw data, research materials, and interview notes.

The candidates should present the following qualifications:

• Master’s degree (preferably a PhD), in finance, economics, public administration, international development or relevant fields;
• At least 10 years of professional experience in sustainable investment/finance or related initiatives;
• An extensive knowledge on sustainable finance regulations landscape and sustainability impact measurements;
• An excellent track record in analyzing policies, regulations/ frameworks within regional and international contexts;
• Have a solid understanding of existing sustainable finance and regulatory landscape in order to identify gaps, draw lessons from experience, and make relevant proposals for change;
• Previous experience in conducting mapping and analysis work is an advantage;
• Experience in sustainable finance policy and regulatory development with relevant institutions such as research institutes and international development agencies is preferred;
• Proven ability to communicate clearly and effectively in written reports and other publications in English, previous writing examples might be requested;
• Demonstrated strong interpersonal and motivational skills and the ability to work with minimal supervision;
• Excellent in the usage of computers and office software packages;
• Documents to be submitted:
  – CV
  – Cover letter
  – Writing sample from related previous work

ADMINISTRATIVE INFORMATION

Date to close is Korean Standard Time (KST). Applications submitted after the deadline will not be considered Application. Cover Letter, and CV must be sent in English. A consortium, or a firm may not be engaged for the individual consultant assignment.