United Nations Global Compact CFO Taskforce Launches Principles for Integrated SDG Investments and Finance to Focus Private Sector Investment on Sustainable Development

The goal is to create an efficient market for SDG investments and capital flows

SOURCE: United Nations Global Compact

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United Nations Global Compact CFO Taskforce Launches Principles for Integrated SDG Investments and Finance to Focus Private Sector Investment on Sustainable Development

UNITED NATIONS, New York, September 21, 2020 /3BL Media/ — The UN Global Compact CFO Taskforce today launched the first integrated, UN-backed principles for integrated SDG Finance and Investment. The principles seek to guide companies in aligning their sustainability commitments with credible corporate finance strategies to create real-world impact on the Sustainable Development Goals (SDGs).

Released on the sidelines of the historic 75th session of the UN General Assembly, 34 Chief Financial Officers and C-suite Executives – members of the UN Global Compact’s CFO Taskforce – pin pointed four key areas that are relatively underserved but critical for SDG-aligned investments: SDG impact and measurement, integrated SDG strategies and investments, integrated corporate SDG Finance and integrated SDG communication and reporting. The goal is to work with the investment value chain, including investors, banks, development finance institutions, credit ratings agencies and sustainability assessment firms to create a broad, liquid and efficient market for SDG investments and capital flows.

As custodians of over $14 trillion a year in corporate investment, CFOs can be a driving force for the achievement of the SDGs. With growing interest in sustainable and responsible investment worldwide, it is increasingly crucial for CFOs to help their companies shape credible, SDG-aligned corporate sustainability strategies.

“The Principles for SDG-aligned Corporate Finance enable the broader finance ecosystem to scale up financing and investments towards the SDGs to ensure that we leave no-one behind. This is the right and opportune thing to do as the long term success of business is inextricably linked to a sustainable future for all,” said Sanda Ojiambo, CEO and Executive Director of the UN Global Compact.

"Understanding how issuers contribute to the SDGs is a fundamental part of PIMCO’s sustainable investment and engagement strategy,” said Scott Mather, Chief Investment Officer, PIMCO U.S. Core Strategies, and Co-Chair of the CFO Taskforce. “These Principles provide the first integrated, UN-backed framework for companies to incorporate the SDGs in their financial strategy and operations. We hope this will encourage even more issuers to embed sustainability at the core of their business and create new opportunities for SDG investment."

“CFOs play a leading role in establishing clear indications and setting best practices for making corporate finance and investments a real driver of social growth. As members of the CFO Taskforce, we are all committed to working at the service of a new stakeholder capitalism, creating sustainable value for people and the planet,” said Alberto De Paoli, CFO of Enel, and co-chair of the CFO Taskforce. "The UNGC CFO Principles for Integrated SDG Investments and Finance represent a solid first step to guide companies in the adoption of credible finance strategies that fully integrate sustainability towards the achievement of SDGs.”

Developed by members of the CFO Taskforce and in consultation with key institutional partners, the principles are intended to build upon and supplement the overarching Ten Principles of the UN Global Compact on human rights, labor, environment and anti-corruption. 

With the launch of the principles, representatives of the CFO Taskforce call on investors, companies, banks, governments, and other market participants to work together towards a sustainable financial system that drives investment into the SDGs. The principles will be supported by implementation guidance, case studies, and working groups to help companies set ambitious targets to accelerate the transition of corporate finance and investments to sustainable development.

The CFO Principles on Integrated SDG Investment and Finance are available for download here.

Notes to Editors

About the United Nations Global Compact CFO Taskforce

In 2019 the UN Global Compact created a network of Chief Financial Officers to tackle the challenge of sustainability and the SDGs. Over the course of the last year they have interacted with their peers, investors, financial institutions and the United Nations to share ideas, develop new concepts and frameworks and provide recommendations to create a market to mainstream SDG investments. To help companies concretely implement the principles, members of the Taskforce are committed to taking part in working groups which will focus on setting up concrete measures, targets and KPIs. 

Learn more about the UN Global Compact CFO Taskforce for the SDGs on www.cfotaskforce.org

List of UN Global Compact CFO Taskforce below:

China Development Bank

Expert Working Group Level

Federated Hermes

Expert Working Group Level

Iberdrola

Expert Working Group Level

Moody’s Corporation

Expert Working Group Level

Sinopec

Expert Working Group Level

Sompo Asset Management

Expert Working Group Level 

Vieira De Almeida Legal Partners

Expert Working Group Level

AB InBev

CFO 

BASF

CFO 

Braskem

CFO 

Danone

CFO 

Enel

CFO 

Engie Impact

CFO 

Eni

CFO 

FCC Construcción

CFO 

Ford

CFO 

Givewith

C-Suite 

Global Impact Initiative

C-Suite

Grupo Nueva Pescanova

CFO 

IDB 

CFO 

Jacobs 

CFO 

Leonardo

CFO 

PIMCO

C-Suite

Pirelli

CFO 

RWE

CFO 

SkyPower Global

C-Suite

SNAM

CFO 

Societe Generale

CFO 

Stantec

CFO 

Terna

CFO 

Tesco

CFO 

Turkcell

CFO 

Unilever

CFO 

Verizon

CFO 

About the United Nations Global Compact

As a special initiative of the UN Secretary-General, the United Nations Global Compact is a call to companies everywhere to align their operations and strategies with ten universal principles in the areas of human rights, labour, environment and anti-corruption. Launched in 2000, the mandate of the UN Global Compact is to guide and support the global business community in advancing UN goals and values through responsible corporate practices. With more than 10,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 60 Local Networks, it is the largest corporate sustainability initiative in the world.  

For media inquiries and interview requests please contact:

UN Global Compact

Alex Gee alex@mackworthassociates.com; +447887 804594

Pimco

Laura Batty: laura.batty@pimco.com

Enel

Marco Spaccino: marco.spaccino@enel.com

KEYWORDS: Sustainable Finance, SDGs, SDG investments, sustainable investments, United Nations Global Compact, UNGC

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