Dec 01, 2017

Accelerating Financial Centre Action on Sustainable Development

Accelerating Financial Centre Action on Sustainable Development

Published: UNEP Inquiry

Author: Jeremy McDaniels, Nick Robins

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 and yet 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. 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.
By joining forces, the world’s leading financial centres can make a real difference – making the transition to sustainable finance cheaper, smoother and faster.