This report contains information on the work of the Standing Committee on Finance (SCF) in 2021, namely on the fourth (2020) Biennial Assessment and Overview of Climate Finance Flows, the first report on the determination of the needs of developing country Parties related to implementing the Convention and the Paris Agreement, the SCF Forum on finance for nature-based solutions and the draft guidance for the operating entities of the Financial Mechanism. It also contains the workplan of the SCF for 2022 and a list of the members of the SCF. The outcomes of SCF 26, to be held from 12 to 14 October 2021, will be presented in the addenda to this report.