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As countries recover from the COVID-19 pandemic, and face the compounding challenges of global inflation, debt, climate change and sociopolitical scenarios, there is a need to explore new investment strategies to accelerate economic development, build resilience and balance competing environmental, economic and social pressures. In this context, the concept of Environmental, Social and Governance (ESG) as a framework for sustainable growth has gained new relevance. This paper discusses the potential benefits of ESG in terms of enabling sustainable economic growth in the Commonwealth, including possible technical assistance, capacity building and policy development on ESG for public debt management and improved public sector sustainability, including collaboration with International Financial Institutions financing standards.