UN / INVESTMENTS SUSTAINABLE DEVELOPMENT

14-Oct-2020 00:02:22
The Global Investors for Sustainable Development (GISD) Alliance convened today for its second annual meeting discussing key strategies to scale up sustainable investments globally, particularly in the context of COVID-19 pandemic. UNIFEED
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STORY: UN / INVESTMENTS SUSTAINABLE DEVELOPMENT
TRT: 2:22
RESTRICTIONS: NONE
LANGUAGE: ENGLISH /NATS

DATELINE: 14 OCTOBER 2020, NEW YORK CITY
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1. Exterior shot, UN Headquarters

14 OCTOBER 2020, NEW YORK CITY

2. Wide shot, press room with Harris on screen
3. SOUNDBITE (English) Elliott Harris, Assistant Secretary-General for Economic Development and Chief Economist:
“Today, the Secretary-General convened the GISD Alliance’s for its second annual meeting to renew and reinforce their efforts to promote solutions to scale up sustainable finance. The Secretary-General commended the Alliance for its actions in the first year, especially in the complicated face of pandemic. And he called on the group to take concrete steps to implement its recommendations including the collaboration with governments and the multilateral system.”
4. Wide shot, press room with Harris on screen
5. SOUNDBITE (English) Elliott Harris, Assistant Secretary-General for Economic Development and Chief Economist:
“The Secretary-General particularly underscored the importance of climate action in this context and he called on all governments and stakeholders to make the 2021 the year of the transition to net zero emissions. In particular, he called on the members of the alliance and on other stakeholders to make sure to aim at net zero in their own activities and to put pressure on governments to place right policies to facilitate and incentivize the transition.”
6. Wide shot, press room with Fourie on screen
7. SOUNDBITE (English) Leila Fourie, CEO, Johannesburg Stock Exchange and Co-chair of the GISD:
“We meet in the world that is dramatically different than the one in which we met a year ago when we launched our efforts as the GISD with much hope and enthusiasm for removing a lid on SDG investments. Sadly, the pandemic has set us back in the goal of meeting the 2030 Agenda, but it also made crystal clear why the work of the GISD is more important than ever.”
8. Wide shot, press room with Fourie on screen
9. SOUNDBITE (English) Leila Fourie, CEO, Johannesburg Stock Exchange and Co-chair of the GISD:
“Developing solutions to scale up SDG investments such as integrated SDG investment platform with a focus on developing countries. Secondly, advancing core industries-specific SDG reporting metrics. Thirdly, shifting incentives along the investment chain towards a long-term sustainable outcome and finally coordinating the GISD action with the financial system and policy making bodies.”
10. Wide shot, press room
STORYLINE
The Global Investors for Sustainable Development (GISD) Alliance convened today for its second annual meeting discussing key strategies to scale up sustainable investments globally, particularly in the context of COVID-19 pandemic.

“Today, the Secretary-General convened the GISD Alliance’s for its second annual meeting to renew and reinforce their efforts to promote solutions to scale up sustainable finance,” the UN Chief Economist Elliott Harris told reporters in New York. “The Secretary-General commended the Alliance for its actions in the first year, especially in the complicated face of pandemic.”

Harris was briefing reporters in New York via videolink. He said “the Secretary-General particularly underscored the importance of climate action in this context and he called on all governments and stakeholders to make the 2021 the year of the transition to net zero emissions. In particular, he called on the members of the alliance and on other stakeholders to make sure to aim at net zero in their own activities and to put pressure on governments to place right policies to facilitate and incentivize the transition.”

The Johannesburg Stock Exchange and Investec co-hosted a meeting of the Strategy Group of the GISD Alliance in Johannesburg.

Also speaking to reporters via videolink, Leila Fourie, CEO of the Johannesburg Stock Exchange and Co-chair of the GISD said “we meet in the world that is dramatically different than the one in which we met a year ago when we launched our efforts as the GISD with much hope and enthusiasm for removing a lid on SDG investments. Sadly, the pandemic has set us back in the goal of meeting the 2030 Agenda, but it also made crystal clear why the work of the GISD is more important than ever.”

Attendees discussed potential deliverables to be announced in the group's two-year term as well as potential areas for engagement with world leaders both inside and outside the United Nations system.

Those priorities, according to Fourie, include “developing solutions to scale up SDG investments such as integrated SDG investment platform with a focus on developing countries. Secondly, advancing core industries-specific SDG reporting metrics. Thirdly, shifting incentives along the investment chain towards a long-term sustainable outcome and finally coordinating the GISD action with the financial system and policy making bodies.”

The GISD Alliance is made up of 30 CEOs, recognized leaders of major financial institutions and corporations spanning all the regions of the world.

GISD is supported by a core group of stakeholders from the UN System, including UN Global Compact, PRI, UNEP FI, UNDP, UNCDF and the Regional Economic Commissions, as well as the World Bank Group and the International Finance Corporation. These actors are coordinated by UN DESA and UNCTAD. They assist the GISD in the implementation of its action plan, including the provision of background and analysis.
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