In September 2015, the UN Member States adopted a 2030 Agenda for Sustainable Development, containing the seventeen Sustainable Development Goals (SDGs).
$5-7 trillion a year until 2030 are needed to realise the SDGs worldwide, including investments into infrastructure, clean energy, water and sanitation and agriculture.
Huge efforts will be needed from member states to promote and facilitate the achievement of these goals. In a context where public funds are limited, the greater part of the necessary financing and investment are needing to stem from the private sector. However today, this market is hindered by unattractive risk and return profiles.
In October 2015 a group of banks and investors released the Positive Impact Manifesto, which calls for a new financing paradigm. As per the Manifesto, bridging the funding gap for sustainable development and the attainment of the SDGs requires a new, impact-based approach to business and finance, based on a holistic consideration of the three pillars of sustainable development.
Launched on January 30th, 2017 in Paris by high-level representatives from the financial sector and M. Michel Sapin, French Minister for the Economy and Finance, the Principles for Positive Impact Finance provide a common yet flexible framework for the business and finance community to identify and develop positive impact activities, entities and projects. They will also help a broader set of public and private stakeholders identify and assess positive impact business and finance – those that contribute to sustainable development and hence the achievement of the SDGs.
For more information, please visit the UNEP FI Positive Impact website.