Monday, February 6, 2017

Banks, UN Set Standards On Channelling Investments For Sustainable Development



Nearly 20 leading global banks and investors, totalling $6.6 trillion in assets, have launched a United Nations-backed global framework aimed at channelling the money they manage towards clean, low carbon and inclusive projects.

The Principles for Positive Impact Finance – a first of its kind set of criteria for investments to be considered sustainable – provide financiers and investors with a global framework applicable across their different business lines, including retail and wholesale lending, corporate and investment lending and asset management.

“Achieving the Sustainable Development Goals (SDGs) – the global action plan to end poverty, combat climate change and protect the environment – is expected to cost $5 to $7 trillion every year through 2030,” said the head of the UN Environment Finance Initiative, Eric Usher, in a press release.

https://www.technocracy.news/index.php/2017/02/06/banks-un-set-standards-channelling-investments-sustainable-development/

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