This report contains information on the work of the Standing Committee on Finance (SCF) in 2022 relating to the fifth Biennial Assessment and Overview of Climate Finance Flows; the report on progress towards achieving the goal of mobilizing jointly USD 100 billion per year; definitions of climate finance; Article 2, paragraph 1(c), of the Paris Agreement; the draft guidance for the operating entities of the Financial Mechanism and the SCF Forum. It also contains information on the outcomes of SCF 27, 28 and 29, a list of the members of the SCF and the draft workplan of the SCF for 2023.