UNDP’s Financial Centres for Sustainability Network (FC4S) announces its new Co-Chairs, Mr. Pat Cox and Mr. Oscar Njuguna, to drive sustainable finance efforts on a global scale.
PRESS RELEASE
UNDP’s Financial Centres for Sustainability Network (FC4S) announces its new Co-Chairs, Mr. Pat Cox and Mr. Oscar Njuguna, to drive sustainable finance efforts on a global scale.
New York, 16 May 2024: UNDP’s Financial Centres for Sustainability (FC4S) network is pleased to announce the appointment of Mr. Pat Cox and Mr. Oscar Njuguna as its new co-chairs. FC4S, hosted by UNDP’s Sustainable Finance Hub, is a global network of 43 financial centres, working together to achieve the objectives set by the 2030 Agenda and the Paris Agreement. It is estimated the FC4S represents 82% of the global equity market and US$84 trillion equity market capitalisation.
As co-chairs of the FC4S Secretariat’s Steering Committee, Mr. Cox and Mr. Njuguna will work closely with FC4S members and stakeholders to drive collaboration and innovation in sustainable finance initiatives. A former President of the European Parliament, Mr. Pat Cox has spent the past decade supporting the sustainable finance agenda while Chief Executive Officer of the Nairobi International Financial Centre (NIFC), Mr. Oscar Njuguna brings over two decades of international experience in financial services, policy, and regulation. Their collective wealth of experience and distinguished careers will be instrumental in propelling FC4S towards a new echelon of impact and influence in the sustainable finance landscape.
“We are delighted to welcome Mr. Pat Cox and Mr. Oscar Njuguna as our new co-chairs,” said Mr. Marcos Neto, Assistant Secretary General, Assistant Administrator and Director, Bureau for Policy and Programme Support of the United Nations Development Programme (UNDP). “Their combined expertise and leadership will be invaluable in steering FC4S towards greater impact and influence in the realm of sustainable finance. We look forward to their guidance as we work collaboratively to drive positive change across financial centres worldwide.”
Mr. Pat Cox stated, “I am honoured to take on this role as co-chair of FC4S. Sustainable
finance is crucial for driving positive change globally, and I am committed to using my best endeavours to advance FC4S’s mission.”
Mr. Oscar Njuguna commented, “I am excited to join FC4S as co-chair and contribute to its efforts in promoting sustainable finance. Together with the dedicated FC4S team, I look forward to driving innovation and collaboration to address pressing sustainability challenges.”
For more information about FC4S and its initiatives, please contact:
Ms. Ayesha Babar at ayesha.babar@undp.org
Head of Strategic Coordination and Communications, UNDP Sustainable Finance Hub
About UNDP:
As the United Nations lead agency on international development, UNDP works in 170 countries and territories to eradicate poverty and reduce inequality. UNDP helps countries to develop policies, leadership skills, partnering abilities, institutional capabilities, and to build resilience to achieve the Sustainable Development Goals. UNDP’s work is concentrated in three focus areas; sustainable development, democratic governance and peace building, and climate and disaster resilience.
Learn more at undp.org or follow at @UNDP
About UNDP SFH:
The UNDP Sustainable Finance Hub brings together UNDP’s financial expertise to harness public and private capital for the Sustainable Development Goals (SDGs)- supporting governments, investors, and businesses in reaching climate, social impact and sustainability targets. Its work drives systemic change towards a sustainable financial architecture that benefits people and the planet.
Find out more about its integrated services that ensure all finance is sustainable, at sdgfinance.undp.org or follow @UNDP_SDGFinance
About UNDP FC4S Network:
The UNDP’s Financial Centres for Sustainability (FC4S) Network is a global network of 43 financial centres, working together to achieve the objectives set by the 2030 Agenda and the Paris Agreement. FC4S is hosted by UNDP’s Sustainable Finance Hub.
Learn more at fc4s.org and LinkedIn undp-fc4s or follow @FC4SNetwork
The FC4S members include:
Abidjan – Abidjan International Finance Center, Abu Dhabi – Abu Dhabi Global Market (ADGM), Astana – Astana International Financial Centre, Auckland – Centre for Sustainable Finance Toitū Tahua, Barcelona – Barcelona Centre Financer Europeu (BCFE), Beijing – Institute of Finance and Sustainability, Busan – Busan Finance Centre, Cairo – Financial Regulatory Authority (FRA), Canberra – Australian Sustainable Finance Institute, Casablanca – Casablanca Finance City, Dubai – Dubai International Financial Centre (DIFC), Dublin – International Sustainable Finance Centre of Excellence (ISFCOE), Edinburgh – Global Ethical Finance Initiative (GEFI), Frankfurt – Green and Sustainable Finance Cluster Germany, Geneva – Sustainable Finance Geneva (SFG), Glasgow – Global Ethical Finance Initiative (GEFI), Guernsey – Guernsey Finance, Gujarat – International Financial Services Centres Authority, Hong Kong – Hong Kong Green Finance Association, Jersey – Jersey Finance, Kuala Lumpur – Capital Markets Malaysia, Lagos – The Financial Centre for Sustainability Lagos, Liechtenstein – Liechtenstein Bankers Association, Lisbon – Lisbon Grupo de Reflexão para o Financiamento Sustentável (GRFS), London – City of London Corporation, Luxembourg – Luxembourg Sustainable Finance Initiative, Madrid – The Centre for Responsible and Sustainable Finance (FINSREP) in Spain, Mexico – Mexican Council of Sustainable Finance, Milan – ESGeneration Italy, Mongolia – Mongolian Sustainable Finance Association (MSFA), Montréal – Finance Montréal, Nairobi – Nairobi International Financial Centre, New York – U.S. Alliance for Sustainable Finance, Paris – Finance for Tomorrow, Rio de Janeiro – Financial Innovation Laboratory (LAB), Rwanda – Kigali International Financial Centre, Seoul – Seoul Metropolitan Government, Shanghai – Lujiazui Financial City, Shenzhen – Shenzhen Green Finance Committee, Stockholm – Stockholm Green Fintech, Stuttgart – Stuttgart Financial, Tokyo – FinCity.Tokyo, Zurich – Swiss Sustainable Finance
