New UN approach to finance the Sustainable Development Goals.

 

 

UNITED NATIONS, 16 October 2019 – The UN announced today that 30 influential leaders from the corporate world will work together over the next two years in a bid to free up trillions of dollars from the private sector to finance the Sustainable Development Goals.

 

 

Convened by Secretary-General António Guterres, the Global Investors for Sustainable Development (GISD) Alliance is co-chaired by Oliver Bäte, CEO of Allianz, and Leila Fourie, CEO of the Johannesburg Stock Exchange, and includes the heads of Bank of America, Citigroup, ICBC, Infosys, Investec, Santander, UBS and other prominent international corporations.

 

 

“We face widening inequality, increased devastation from conflicts and disasters and a rapidly warming Earth. These leaders have seized our sense of urgency, recognizing that our pace must be at a run, not a crawl,” Guterres said. “They are committing to cooperate across borders, across financial sectors and even with their competitors, because it is both ethical and good business sense to invest in sustainable development for all people on a healthy planet.”

 

 

The High-Level Dialogue on Financing for Development held during the recent UN General Assembly brought to attention the urgent need for increasing government spending on crucial sectors such as health, education, infrastructure, and climate change. Most developed countries have not met their commitments to ODA, while factors like poverty, corruption, and tax evasion limit domestic resources in developing countries.

 

 

The development finance needs are estimated at trillions of dollars per year, and even if funding from all public sources is maximized, there will still be a significant shortfall, making financing from the private sector imperative.

 

 

"As responsible companies, we can create long-term value by embedding sustainability into our core business,” said Bäte. “Investing in the stable development of societies across the globe is not only the right thing to do, it also includes economic opportunities. We are convinced that investments in emerging markets can foster sustainable growth without losing sight of our customers’ interests.”

 

 

The UN’s research suggests that there is no shortage of money from the private sector which could be invested in sustainable development. However, a combination of factors, including the policy environment, incentive structures and institutional conditions, tend to discourage the kind of long-term commitment that is needed.

 

 

The establishment of the GISD Alliance acknowledges the scale of the challenges we face collectively and the role that the finance sector has to play in meeting these challenges,” said Fourie. “Exchanges are a vital part of the financing ecosystem – promoting relevant disclosure, enabling effective price discovery, and ultimately mobilising funds to productive ends. We all have much work to do, and the time to start is now.”

 

 

The Alliance aims to use their expertise, influence and business acumen in devising ways to stimulate long term investment in development and speed up progress towards achieving the SDGs.

 

Read more....

 

Go back

CBFP News

African biodiversity highly valued at sub-regional experience-sharing forum on ABS between COMIFAC researchers and the Japanese private sector.

Douala, Cameroon, 30 September- 1st October 2019 “The sub-regional Convergence Plan projects a 25% increase in absolute terms in the forestry-environment sector’s contribution to the GDP of the COMIFAC countries by 2025” said Mr. Ludovic ITSOUA MADZOUS, Deputy Executive Secretary of COMIFAC, as he welcomed the holding of the first meeting between a developed country and researchers of the Central African countries.

Read more …

Preparatory workshop of the 18 December Civil Society Day within the framework of the Congo Basin Forest Partnership (CBFP).

Saturday, 2 November 2019, End and closing of the preparatory workshop of the 18 December Civil Society Day held within the framework of the Congo Basin Forest Partnership (CBFP).

 

Read more …

Huge turnout of CBFP members in Shanghai, China: Minister of State and CBFP Facilitator François-Xavier de Donnea strengthens dialogue between Congo Basin and key Chinese actors of the Forestry-timber sector

From 15 to 21 November 2019 in Shanghai, China), Minister of State and CBFP Facilitator, Francois-Xavier de Donnea, took part in the International Forum on Green Supply Chains for forest products industry, entitled : “Together towards Global Green Supply Chains - A Forest Products Industry Initiative”

Read more …

forestsnews.cifor-Despite size, Congo Basin attracts less funding than other major forest areas

The study shows that Central African forests received $2 billion from bilateral (52.5 percent) and multilateral (47.5 percent) sources, with Germany accounting for 25 percent of funding, followed by the European Union and the Global Environment Fund (GEF). Most funds went to Democratic Republic of Congo (40 percent), Chad (17 percent) and Cameroon (14 percent).

Read more …

News and highlights from across the GEF partnership - GEF Newsletter | November 2019

To read: Uncovering the hidden value of biodiversity; GEF announces new investment in Central America's blue economy; Colombo Declaration tackles global nitrogen challenge; The real cost of illegal trade: $1-2 trillion per year…

Read more …

Announcing the strategic workshop and the 2019 General Assembly / GSAC Alliance

From 5 to 6 November 2019, the GSAC Alliance (Alliance for the Conservation of Great Apes in Central Africa) will be holding a strategic workshop in Pointe-Noire (Republic of Congo) which will discuss and develop a strategic plan for the next 3 years with the technical facilitation of the NGO Wellgrounded. It will be followed by the 2019 General Assembly of members of the NGO network in Central Africa- which works to protect chimpanzees, bonobos and gorillas- scheduled to take place from 08 to 10 November 2019 on the premises of the ESI CONGO association Magne in the heart of the Mayombe forest.

 

Read more …

United Nations Framework Convention on Climate Change, COMIFAC negotiators get drilled in preparation for COP 25 In Santiago, Chile.

The preparatory sub-regional workshop in view of upcoming events under the United Nations Framework Convention on Climate Change (UNFCCC) took place from 28 to 29 October 2019 in Douala, Cameroon.

 

Read more …

COMIFAC- Acting President of COMIFAC receives young leaders of Congo Basin forests

Yaoundé-Cameroon, 08-10 October 2019- The Cameroon Minister of Forestry and Wildlife, also serving as Acting President of COMIFAC on 10 October received the young leaders of the Congo Basin forests gathered in Yaoundé within the framework of the 3rd edition of COP Chez Nous.

Read more …

CBFP News Archive

2019

BCC 2020 Save the Date!
Forest Watch October 2019
World Bamboo Day
China goes green again!
GEF Newsletter | June 2019
The Cafi Dialogues
Forest Watch April 2019
Forest Watch March 2019