UN / GLOBAL INVESTORS FOR SUSTAINABLE DEVELOPMENT

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19-Oct-2021 00:02:18
At their annual meeting with United Nations Secretary-General António Guterres, the Global Investors for Sustainable Development (GISD) Alliance issued a joint statement outlining concrete actions for the future. The group is working with the UN to develop guidelines and products that align the existing finance and investment ecosystem with the Sustainable Development Goals (SDGs). UNIFEED

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STORY: UN / GLOBAL INVESTORS FOR SUSTAINABLE DEVELOPMENT
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DATELINE: 19 OCTOBER 2021, NEW YORK CITY / FILE

SHOTLIST:

FILE – NEW YORK CITY

1. Tilt up, United Nations Headquarters

19 OCTOBER 2021, NEW YORK CITY

2. Wide shot, dais, Elliott Harris on screen
3. SOUNDBITE (English) Elliott Harris, Assistant Secretary-General for Economic Development and Chief Economist, United Nations:
“The members of the GISD agreed on a joint statement outlining recommendations for policy makers and actions for the private sector to align business with the SDGs. With the members of the GISD taking the lead in implementing these actions. The statement also outlines several deliverables currently in progress, including a climate ETF, a sustainable infrastructure blended finance fund, and an updated model mandate that will redefine the contractual relationship between asset donors and management with a view to the long term.”
4. Wide shot, dais, Leila Fourie on screen
5. SOUNDBITE (English) Leila Fourie, Global Investors for Sustainable Development Co-chair and CEO of the Johannesburg Stock Exchange (JSE):
“GISD members will continue to advocate for a long-term approach to investment decision-making that benefits all stakeholders, integrating the SDGs into decision making processes, and encouraging the wider business sector to align strategies and policies with the SDGs. The statement calls for policy-makers to take specific measures that include internalizing environmental and social externalities including carbon pricing and clarifying investors fiduciary duties including material sustainability considerations.”
6. Wide shot, dais, Leila Fourie on screen
7 SOUNDBITE (English) Leila Fourie, Global Investors for Sustainable Development Co-chair and CEO of the Johannesburg Stock Exchange (JSE):
“We are seeing tremendous interest by investors in product that adequately channel finance explicitly to either green, blue, or social ends. We, the JSE itself has launched green bonds, social bonds, and sustainable bonds, and many other exchanges have also launched similar products and are launching blue bonds. Green bonds, obviously, for environmental and climate related funding; social bonds for social initiatives, blue bonds, sustainable bonds for broader sustainable initiatives.”
8. Wide shot, dais, Leila Fourie on screen

STORYLINE:

At their annual meeting with United Nations Secretary-General António Guterres today (19 Mar), the Global Investors for Sustainable Development (GISD) Alliance issued a joint statement outlining concrete actions for the future. The group is working with the UN to develop guidelines and products that align the existing finance and investment ecosystem with the Sustainable Development Goals (SDGs).
After the meeting, Assistant Secretary-General for Economic Development and Chief Economist, Elliott Harris told journalists that “the members of the GISD agreed on a joint statement outlining recommendations for policy makers and actions for the private sector to align business with the SDGs. With the members of the GISD taking the lead in implementing these actions. The statement also outlines several deliverables currently in progress, including a climate ETF, a sustainable infrastructure blended finance fund, and an updated model mandate that will redefine the contractual relationship between asset donors and management with a view to the long term.”

The GISD Co-chair Leila Fourie, who is the CEO of the Johannesburg Stock Exchange (JSE), said, “GISD members will continue to advocate for a long-term approach to investment decision-making that benefits all stakeholders, integrating the SDGs into decision making processes, and encouraging the wider business sector to align strategies and policies with the SDGs. The statement calls for policy-makers to take specific measures that include internalizing environmental and social externalities including carbon pricing and clarifying investors fiduciary duties including material sustainability considerations.”

Fourie said, “we are seeing tremendous interest by investors in product that adequately channel finance explicitly to either green, blue, or social ends. We, the JSE itself has launched green bonds, social bonds, and sustainable bonds, and many other exchanges have also launched similar products and are launching blue bonds. Green bonds, obviously, for environmental and climate related funding; social bonds for social initiatives, blue bonds, sustainable bonds for broader sustainable initiatives.”

In October 2019, United Nations Secretary-General convened the Global Investors for Sustainable Development Alliance, a group of 30 leaders of the world’s top businesses (see list below), to present solutions that mobilize investment in the SDGs as part of the implementation of his Strategy for Financing the 2030 Agenda for Sustainable Development.

GISD members, CEOs of 30 top global businesses, have produced standards and tools aimed at moving trillions of dollars to bridge the gap in financing needed to realize the UN’s 2030 Agenda and its Sustainable Development Goals.
GISD also has sprung into action to address crises, including in 2020 by developing a COVID Bond Call to Action, which prompted companies and governments to use innovative social bonds to respond to the pandemic, contributing to a sustainable economic recovery.

At this year’s Annual Meeting, GISD published its latest investment tool designed to align financing with sustainable development. Through analysis of existing frameworks and corporate responsibility reports, GISD has created a set of sector-specific metrics to accurately measure the impact of companies on sustainable development. The metrics will initially cover eight industries defined under MSCI’s Global Industry Classification Standard.
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