The Principles for Positive Impact Finance - A Common Framework to Finance the Sustainable Development Goals
Nearly 20 leading global banks and investors, totalling $6.6 trillion in assets, launched on 30 January 2017 the Principles for Positive Impact Finance - a first of its kind set of criteria for investments to be considered sustainable.
"The Principles are a timely initiative from the finance sector. They demonstrate the willingness of financial institutions to go beyond current practices and to contribute to foster a more sustainable development," said French Finance Minister Michel Sapin. "They should provide strengthened foundations for a positive cooperation between public and private actors in this area."
"Achieving the Sustainable Development Goals - 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 Eric Usher, head of the UN Environment Finance Initiative.
"The Positive Impact Principles are a game changer, which will help to channel the hundreds of trillions of dollars managed by banks and investors towards clean, low carbon and inclusive projects."
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