Sustainable Finance Competence List

Definition

A Sustainable Finance Competence in the context of a Financial Competence Framework is a Financial Competence attributed to an individual characterised by specific Sustainable Finance related knowlege, skills or attitudes.

More specifically, a sustainable finance competence indicates that an individual has the knowledge and skills needed to perform financial tasks with awareness of their Sustainability profile, or, in a professional context, do a sustainable finance related job. It will generally also indicate they have the interpersonal skills and general awareness or wisdom required to operate effectively in a sustainable financial system.

Competence List

The following sustainable finance competence list adapts the broader EU/OECD Framework. Competences are grouped along four top-level categories.

Money and Transactions

This content area covers the knowledge, skills and attitudes related to: the different forms of money and currencies; income; prices, payments and purchases; and the importance of financial records and contracts.

Planning and Managing Finances

This content area covers the knowledge, skills and attitudes related to budgeting; managing income and expenditure; saving; investing; longer term planning; retirement; credit; debt and debt management.

Risk and Reward

This content area covers the knowledge, skills and attitudes related to the identification of risks; financial safety nets; insurance; and balancing risk and reward.

Financial Landscape

This content area covers the knowledge, skills and attitudes related to regulation and consumer protection; rights and responsibilities of consumers; the use of financial education, financial information and financial advice; financial products and services; scams and fraud; understanding of tax and public spending; and external influences on financial decisions.