UN Global Compact launches CFO Coalition for the SDGs to drive more private sector investment towards sustainable development

The UN Global Compact, the world’s largest corporate sustainability initiative, has announced the launch of the Chief Financial Officers’ Coalition for the SDGs, during its Annual Local Network Forum in Dubai.  The CFO Coalition for the SDGs is a platform where global CFOs and other corporate officers can collaborate with peers, investors, financial institutions and UN agencies to develop principles, frameworks and recommendations to integrate the Sustainable Development Goals (SDGs) in corporate finance and create a market for mainstream SDG investments. It is made up of a CFO Leadership Group…

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Mitsubishi Corporation Renews Funding for Sustainable Development and Biodiversity Conservation

On November 23, 2021, the Board of Directors of the Mitsubishi Corporation Foundation for the Americas (MCFA) approved renewed funding to: CDP, to expand its Matchmaker platform to Chilean cities to help grow the capacity of cities to advance sustainable, equitable urban infrastructure; The Nature Conservancy, to engage with emerging technology companies developing sensor-based technologies to monitor conditions for conservation needs in US coastal regions; Fair Trade USA, to develop geospatial farm analysis and coaching systems to enable mapping of environmental impacts such as deforestation and carbon capture on Fair…

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JPMorgan Chase Targets More Than $2.5 Trillion over 10 Years to Advance Climate Action and Sustainable Development

JPMorgan Chase aims to finance and facilitate more than $2.5 trillion over 10 years – beginning this year through the end of 2030 – to advance long-term solutions that address climate change and contribute to sustainable development. The firm will bring together its capital and expertise to help clients, customers and communities address these vital issues. This long-term target complements the firm’s Paris-aligned financing strategy and will help accelerate the transition to a low-carbon economy by encouraging actions that set a path for achieving net-zero emissions by 2050. The firm…

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UNESCO Green Citizens showcases grassroot projects at the service of biodiversity and sustainable development

UNESCO has launched the Green Citizens initiative to amplify the voice of some 100 local citizen projects worldwide in key domains of biodiversity and sustainable development, including the Ocean, Water/Hydrology, Education for sustainable development, Indigenous and local knowledge. UNESCO has witnessed a great increase in the number and pertinence of local citizen projects over decades of scientific research in biodiversity, oceanography and hydrology, and conservation work in its protected sites around the world (Biosphere Reserves, Geoparks, natural World Heritage sites). The Organization wishes to highlight and support local, innovative, duplicable…

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IFC Promotes Sustainable Development in Latin America and the Caribbean with Record Lending in Last Year

IFC, a member of the World Bank Group, committed a record $7.1 billion to support private sector development in Latin America and the Caribbean in fiscal year 2020, enabling investments to foster sustainable growth across the region, create jobs and fight the impacts of the COVID-19 pandemic. Out of the $7.1 billion invested in the fiscal year ending June 2020, the long-term financing in the region included a record $4 billion mobilized from other investors. IFC’s work with public-private partnerships contributed almost $1.2billion to this mobilization. Despite the challenges of…

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