IGSF - International Group For Sustainable Finance - is a global organization for financial and extra-financial standardization, based in Luxembourg. Its goal is to channel and organize international efforts in financial and extra-financial standardization.
Through a structured approach alongside international experts, IGSF acts as an independent organization for financial standardization and dissemination of financial norms. Leveraging its network, IGSF collects and centralizes data and international regulations concerning financial and extra-financial compliance, enhancing operational data utilization, processing, and uniformity.
IGSF covers diverse certifiable and non-certifiable standards such as ISO, MSI, AML, ESG, IFRS, etc.
IGSF is a non-profit NGO. All its members have a solid background in financial governance, corporate social responsibility, and combating financial crime.
IGSF primarily works on two fronts: technical organization of standards and their dissemination along with best practices in financial and extra-financial governance. It ensures that authorized certification bodies comply with various criteria, including ISO 17021 requirements, in certification assessments.
Substantiate compliance with regulations and requirements Provide assurance to third parties through factual elements and trust indicators Safeguard against risks of penalties and reputation damage Disseminate ethical, governance, and transparency best practices Support access to financing and investment Offer reliable and independent benchmarks within an ecosystem Provide competitive advantages through differentiation elements Commit to continuous improvement Offer strong arguments for valuation and attractiveness Foster a culture of compliance
The certification process relies on specific standards established by standardization bodies, requiring total adherence to each standard's requirements. It establishes markers and indicators for better visibility and differentiation among operators. Authorized certification bodies assess operators' compliance with these norms, strictly following ISO 17021 standards.
The principle of certification to a given standard has proven its positive impact over time. The stringent requirements and entry barriers to achieve certification status yields reliability and legitimacy to the certified entities. Certification offers a strong competitive advantage by distinguishing the companies that obtain it.
ISO 17021 establishes requirements regarding competence, consistency, and impartiality to be observed during evaluations for management system certification. Certification bodies strictly adhere to these rules to nurture reliability and independence principles.