Framework for SDG Aligned Finance
At France’s G7 in 2019, Development Ministers commended the OECD and UNDP joint initiative to define a common framework for aligning finance with the Sustainable Development Goals (SDGs). In 2020, the OECD and UNDP have worked, with the support of France’s Ministry of Foreign Affairs (MoFA), and an expert group of 80+ individuals from across the public and private sector to develop the framework.
“We need an international common framework for all actors, to ensure that public and private investments are compatible with the SDGs and the Paris Agreement. In the context of the COVID-19 crisis…
“We need an international common framework for all actors, to ensure that public and private investments are compatible with the SDGs and the Paris Agreement. In the context of the COVID-19 crisis, the challenge today is to ensure that the “recovery” of our economies, everywhere in the world, is indeed sustainable.”
French Minister of State for Tourism,
French Nationals Abroad and Francophonie.
“SDG alignment is indeed the first and necessary step to put finance to work for the prosperity, peace and wellbeing of people and planet, reduce global inequalities, and to secure the long-term value of assets otherwise challenged by recurrent systemic shocks linked to poor management of global public goods. COVID-19 has made the case for alignment even stronger, waking us up to the costs of ignoring systemic risks, the interdependence of countries in their progress towards achieving the SDGs, and the interlinkages between the SDGs. As Covid-19 exposes, failure to meet one SDG will be of detriment to the others and will affect us all”
Draft stock-take of standards for private finance sustainability