With a vision to build a future global financial ecosystem in which sustainable development (as defined by the SDGs) is fully embedded into the business model and investment culture, at this event UNCTAD will launch a new initiative, the United Nations Global Sustainable Finance Observatory (GSFO).
The GSFO will promote and facilitate the transition of sustainable investment from market niche to market norm, leading up to 2030 and beyond. It will address the challenges of fragmentation in standards, proliferation in benchmarking, complexity in disclosure, and address sustainability-washing concerns. The GSFO will work in tandem with the standards setting processes of the financial industry and regulatory bodies to promote the full and effective integration of sustainable development into all aspects of the global financial ecosystem.
In this session, UNCTAD will officially launch the GSFO and highlight its key activities that will help take the sustainable investment market from where it is today to where it needs to be in the future.