@thomasbuberl from @UNEP_FI member AXA at #GlobalFinancingPact#summit2023 In Paris calls for public and private institutions to work together to broaden capacities and have multiplier effect, and cooperate more to mobilize the private sector. Eg. Pooling of loans.
My message this week at Emmanuel Macron’s #NewGlobalFinancingPact#summit2023 in Paris:
“Mandate Development Banks to measure, target and deliver ambitious private capital mobilization rates.”
Why? The financing needs for sustainability and climate are…https://t.co/a0gQOQ7Lgm
The global financial architecture is outdated, dysfunctional & unjust.
Today I urged participants at the Summit for a New Global Financial Pact to take action to meet the urgent needs of developing countries.
“We need to scale up development and climate finance by increasing the capital base and changing business models of MDBs… to leverage private finance at an affordable cost to developing countries”. Antonio Guterres
President Macron at Summit for a new Global Financing Pact: “We need much more investment from the private sector to serve progress for the planet and to face the challenges of poverty, climate and biodiversity.”
I urge all financial institutions to present public, credible & detailed plans to transition their funding from fossil fuels to clean energy.
To those institutions already doing this shift I say:
Do not relent in the face of attacks on progress.
You are doing the right thing.
The triple planetary crisis of #climate, #nature loss & #pollution is front & centre on the global stage. Absolutely critical that we focus on solutions, because progress on the #GlobalGoals depends on it.
https://t.co/jhf0jy1Hv7
NEW: The #NetZeroBanking Alliance’s recently published Progress Report captures an aggregated view of the intermediate targets that have been reported by more than 60 banking members. Read more about the ambitious action our members are taking: https://t.co/b0OKTOnI5c
The #EmissionsGap Report “tells us in cold scientific terms what nature has been telling us all year, through deadly floods, storms and raging fires: we have to stop filling our atmosphere with greenhouse gases, and stop doing it fast.” — @andersen_inger https://t.co/JMt6Uv0vzZ
UNEP FI’s @PSI_Initiative is looking for a Project Coordinator to support the Net-Zero Insurance Alliance. The role will ensure the overall coordination, delivery and implementation of NZIA’s global work programme.
Find out more and apply by 14 November! https://t.co/V58NYqhSaz
Want to better understand the corporate risks associated with #plasticpollution? Join our @PSI_Initiative webinar with @minderoo on 19 October to get insights from insurance and policy leaders. https://t.co/X3QbqGnIcE
Live now: "Sustainability-oriented investments need to triple by 2030 to meet climate, biodiversity and land neutrality targets. The public sector alone cannot finance this" - @andersen_inger opening Day 2 of the #GRT2022. Watch now: https://t.co/6Vhj0bWYA7
NEW: The Principles for #ResponsibleBanking Academy is now launched! Designed to nurture responsible bankers, professionals can now learn about responsible #banking practices through this unique #training programme. Discover more: https://t.co/6ix2VZmF6L
How are actors in the global economy working to transform finance and accelerate change? Find out at the UNEP FI Global Roundtable next week: https://t.co/orGC64zeRa #GRT2022
UNEP FI’s @PSI_Initiative is currently looking for an African Implementation Officer to support the management, delivery and implementation of the PSI global work programme in Africa.
Find our more and apply by 2 October! https://t.co/kyYyyEU3A5