Fair Finance Asia - Sida - SOMO support The Centre for Research on Multinational Corporations (SOMO) was identified as one of the partners of FFA project at the global level. The goal of SOMO's participation in FFA's programme is to support the knowledge building and capacity building of the FFA partners regarding sustainable finance. This knowledge and capacity is to serve FFA advocacy, coalition building with CSOs and with financial public or private institutions. It promotes the credibility of FFA proposals how to progress on sustainable finance. SOMO's contribution pays particular attention at the role legislators, regulators and supervisors, and the related political economy, as a way to ensure that progress and commitments towards sustainable finance are technically embedded in the financial institutions#s core business and being enforced through supervision.

SOMO is a non-profit organization that is researching for civil society about multinational companies, including the private financial sector, and the (non-)regulatory frameworksh in which these companies operate. Ithas been has been is monitoring, since 2008, the legislative and regulatory and supervisory processes at Dutch, EU and international level, which aim at impacting the behaviour of the financial sector so that more financial flows are directed towards climate mitigation, energy transition or social <(>&<)> human rights progress. There are many challenges by the public as well as the private sector to make the changes happening.  SOMO has been researching and publishing about the decision making processes on laws, regulations and supervision. SOMO produced critical analyses and comments from a sustainable public interest and civil society perspective oncommitments and actual operations and decisions by public financial authorities and the private financial sector (banks, investmentindustry). The publications range from newsletter to reports and are having civil society organisations as readers.

SOMO also engages in national, EU and international CSO networks to build knowledge and capacity, raise awareness, and defend the public interest through advocacy, including during legislative processes on financial sector laws. SOMO co-coordinates an international platform of NGOs who monitor, analyze and advocate about matters that affect financial stability and its impact it can have on people.

The goalof SOMO#s participation in FFA#s programme is to support the knowledge building and capacity building of the FFA partners regardingsustainable finance. This knowledge and capacity is to serve FFA advocacy, coalition building with CSOs and with financial public or private institutions. It promotes the credibility of FFA proposals how to progress on sustainable finance. SOMO#s contribution pays particular attention at the role legislators, regulators and supervisors of the private financial sector, and the related political economy, as a way to ensure that progress and commitments towards sustainable finance are technically embedded in the financial institutions# core business and being enforced through supervision.

SOMO#s contributes to knowledge building, capacity building, coalition building and advocacy of FFA partners and FFA country coalitions through means of advice and presentations at FFA meetings, proposing, and commenting on papers and documents, and monitoring international decision-making about sustainable finance.  In particular, SOMO will give trainings to FFA country members and coalitions, adapted to the needs of the FFA partners according to their particular circumstances and the financial decision-making processes of that country.