Scaling finance for the sustainable development goals
United Nations Global Compact
The urgency of addressing the climate crisis and efforts to realize the Sustainable Development Goals (SDGs) have set financial innovation to move at a fast pace. This is welcome, as it reflects a collective search for solutions that should lead to the most effective approach.
While we are not yet at the consolidation and standardization phases of SDG finance, it is nonetheless valuable to review the current range of innovation and highlight a few pathways that have the potential to bridge the gap in financing the 2030 Agenda for Sustainable Development.This report hopes to contribute practical solutions to the rapidly evolving field of sustainable finance and to provide critical insights in the global agenda to leverage private finance for the SDGs. They have already publish 2 other reports and the three of them represent a broad vision from the UN Global Compact on how capital markets can increasingly re-orient towards more sustainable development while still serving investors’ primary mandate, which is to preserve and maximize their investments within acceptable levels of risk. The publications also provide the conceptual framework for a new and comprehensive Sustainable Finance Programme at the UN Global Compact, which aims to empower companies as a global voice in the redesign of finance for sustainable development.