Defining Sustainable Finance for Health: A Common Taxonomy to Mobilise Global Investment
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Since the COVID-19 pandemic, financing for health from private investors and asset managers has increased dramatically between 2020 and 2024 and healthcare private equity reached USD 480 billion. Yet many in the health sector remain unaware. The G20, through the G20 Joint Health and Finance Taskforce (G20JHFTF), has acknowledged the need to enhance health financing, particularly during the Italian (2021), Indonesian (2022), Brazilian (2024) and South African (2025) Presidencies. Recent efforts focused on innovative financing tools yet, broader systemic reforms are needed to reframe health, not merely as a public sector concern, but as a core pillar of financial stability, economic resilience, and geopolitical security.
This paper argues that, to effectively address debt sustainability issues of G20 economies, the G20 shall endorse a joint definition on what sustainable finance for health means for the health and finance community in terms of delivering high societal and economic returns to save and drive productivity growth, create jobs, stabilise economies, and enhance long-term financial returns. The authors also recommend that the G20, particularly through the Sustainable Finance Working Group (SFWG), shall encourage the development of national or regional health taxonomies as strategic investment tools to align the communication between policymakers, companies, and investors. The health taxonomy provides a tool for strategic boardroom discussions, investment committees, and policy planning sessions to evaluate how it can be applied or adapted to current portfolios and strategies. The health taxonomy could support more systematic assessments of health-related risks and economic impacts, including through existing processes such as the IMF’s Article IV consultations and other macroeconomic surveillance frameworks that are relevant to G20 finance ministries.
Non-communicable diseases and mental health conditions: a threat to health and a threat to wealth
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Ahead of the upcoming UN High-Level Meeting on NCDs, the G20&G7HDP and legislators are launching the Global Legislators Report “Non-communicable diseases and mental health conditions: a threat to health and a threat to wealth.” The report was developed in partnership with the G20&G7HDP, the The United Nations Inter-Agency Task Force (UNIATF), including the Health4Life Fund, and the United Nations Development program ( UNDP). This pivotal report highlights the importance of legislators and legislative bodies in effective responses to NCDs and mental health and provides recommendations on how legislators can move from declarations to policy actions in their homes.
The Health Taxonomy Report
The Need for a Common Investment Toolkit
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Following the adoption of our landmark resolution on health financing at this year’s World Health Assembly, The G20&G7 Health and Development Partnership and their collaborators are launching the Health Taxonomy Report. This important work provides a first framework for a health investment tool aimed at fostering a shared understanding and common language between governments, companies, and investors, to help drive financing toward future health-positive initiatives.
English Version
AMR Global Legislators Report
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This updated report includes a new forward by Dr Tedros Adhanom Ghebreyesus, Director-General World Health Organization.
“I urge Parliaments to use this report to put in place measures that ensure transparency and accountability in AMR reporting, and to promote a more effective, coordinated, and accountable national response to the global public health crisis of AMR.” Dr Tedros Adhanom Ghebreyesus
French Version
Spanish Version
The Roadmap To Sustainable Finance In Health
A Toolkit for G20 & G7 Countries and Developing a Taxonomy for Health
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The Overlooked Pandemic
How to Transform Patient Safety and Save Healthcare Systems
in collaboration with RLDatix
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Healthy Nations, Sustainable Economies
How innovation can better ensure health for all
Professor David L Heyman, MD
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If We Can’t Measure It, We Can’t Fix It
Creating common metrics to assess health investment and measure the impact of that investment on economic growth and societal well-being and ensure health and financial system’s resilience.
in collaboration with the WifOR Institute
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