Global Network Of Financial Centers Plan Huge Growth In Sustainable Finance And Launches Regional Programme For Africa

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By UN Environment

Maintaining the momentum of the Secretary-General’s Climate Summit last month, a global network of 30 financial centres – accounting for $61.3 trillion in equity market capitalization and representing 80 percent of global equity markets – today agreed to mainstream green and sustainable finance both locally and internationally, also agreeing to set common targets by the end of 2022.

In just over two years, the UN Environment Programme (UNEP)-convened International Network of Financial Centres for Sustainability (FC4S) has grown from a small movement into one that includes major financial centres from across the world.

These centres met in Geneva to set out a new strategy aiming to align their investments with the Paris Agreement and the Sustainable Development Goals – both of which need a major boost in funding to achieve their objectives. Read more>>

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