OECD, UNDP Launch Plan to Align Global Finance with SDG Goals

According to new research from Standard Chartered, SDGs are not getting the investment needed to meet the targets by 2030.

The Organisation for Economic Cooperation and Development (OECD) and the United Nations Development Programme (UNDP) have launched a plan to enable public and private actors to identify and prioritise investments that align with the United Nations’ Sustainable Development Goals (SDGs).

The ‘Framework for SDG Aligned Finance’, presented at the Paris Peace Forum, includes key recommendations on ways to shift global capital towards sustainable investments and mobilise investments to support countries most in need.

According to data from OECD, Covid-19 is expected to set back external private finance to developing countries by USD 700 billion, a drop of 60% more than the 2008 financial crisis. But leveraging a fraction of the trillions of dollars contained in the global financial system could help overcome the financing gap of USD 2.5 trillion required each year to achieve SDGs.

Policies, standards and tools

Requested by France’s G7 presidency last year, the framework was informed by an 80-strong expert group from across the private and public sectors. It aims to … [continues]

Read the full article on Regulation Asia’s sister publication, ESG Investor.

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