This report a) sets out the global and national landscape in terms of the challenge of financing sustainable development, with a focus on the environmental dimension; b) explores two of the key priorities that cut across the different parts of the financial system: risk analysis and reporting; c) looks at the experience of and potential for sustainable finance in banking, capital markets, insurance, institutional investment and public finance; and d) examines how progress toward sustainable finance can best be measured and concludes with the set of recommendations for further action.