Accelerating Financial Centre Action on Sustainable Development: How International Cooperation Can Scale up Green and Sustainable Finance
Date
2017Author
United Nations Environment Programme
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RT Generic T1 Accelerating Financial Centre Action on Sustainable Development: How International Cooperation Can Scale up Green and Sustainable Finance A1 United Nations Environment Programme YR 2017 LK https://wedocs.unep.org/20.500.11822/26624 PB AB TY - GEN T1 - Accelerating Financial Centre Action on Sustainable Development: How International Cooperation Can Scale up Green and Sustainable Finance AU - United Nations Environment Programme Y1 - 2017 UR - https://wedocs.unep.org/20.500.11822/26624 PB - AB - @misc{20.500.11822_26624 author = {United Nations Environment Programme}, title = {Accelerating Financial Centre Action on Sustainable Development: How International Cooperation Can Scale up Green and Sustainable Finance}, year = {2017}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/26624} } @misc{20.500.11822_26624 author = {United Nations Environment Programme}, title = {Accelerating Financial Centre Action on Sustainable Development: How International Cooperation Can Scale up Green and Sustainable Finance}, year = {2017}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/26624} } TY - GEN T1 - Accelerating Financial Centre Action on Sustainable Development: How International Cooperation Can Scale up Green and Sustainable Finance AU - United Nations Environment Programme UR - https://wedocs.unep.org/20.500.11822/26624 PB - AB -View/Open
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Mobilizing the world’s financial centres is essential to make progress on climate change and sustainable development. The momentum towards a sustainable financial system is clear: integrating environmental, social and governance (ESG) factors into investment portfolios is delivering superior returns, the green bond market continues to expand, governments are developing national roadmaps and financial regulators are starting to incorporate environmental risks into market supervision. This momentum is, however, insufficient to deliver the Paris Agreement and the Sustainable Development Goals (SDGs). The world’s financial centres now have a historic opportunity to help close this gap by accelerating the expansion of green and sustainable finance. Financial centres are the locations where the demand for and supply of finance come together. They are the places where green and sustainable financial services will need to be scaled up across banking, capital markets, fintech, insurance and investment. This report presents the case for strategic action by financial centres and introduces the new International Network of Financial Centres for Sustainability that was launched in Casablanca in September 2017. Financial centres generate a powerful clustering effect that can also be deployed to drive sustainable finance.
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